Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2491
    -0.0020 (-0.16%)
     

  • Bitcoin GBP

    51,125.10
    -907.24 (-1.74%)
     

  • CMC Crypto 200

    1,383.71
    -12.82 (-0.92%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

SoftBank Group's sale of 5% telco unit stake to raise $2.9 billion

Reuters
·1-min read
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

TOKYO (Reuters) - SoftBank Group Corp <9984.T> said on Friday its planned sale of 5% in its domestic telco SoftBank Corp <9434.T> would fetch 310.2 billion yen (2.4 billion pounds), as part of a programme to raise $41 billion through asset sales.

The Japanese company announced a day before that it would sell 240 million shares in the subsidiary, leaving it with a 62.1% stake in Japan's third-largest wireless carrier.

SoftBank needs cash for a record stock buyback aimed at supporting the price of its shares, as its tech investments falter.

(Reporting by Chris Gallagher; Editing by Muralikumar Anantharaman)