If a Russian default should occur, it would be the first time since the Bolshevik revolution of 1917. Vladimir Putin has travelled in a few short weeks from dreams of capturing past imperial glories to a nation on the edge of a monetary precipice. The rival paper bid by National Express looked doomed following the £595million offer from DWS and a Competition and Markets Authority probe. When National Express reported its latest trading it sounded less than enthusiastic about pressing on given the board support for the German offer. The Kelda experience suggests that the DWS offer is not in the public interest.

Source: Daily Mail March 11, 2022 03:07 UTC