Thursday newspaper round-up: Sports Direct, CMC Markets, China

14th Jan 2016 06:49

(ShareCast News) - Hedge fund manager Crispin Odey used the weakness in Sports Direct's share price following its profit warning last week to rebuild his stake in the retailer. Despite saying last Friday he had "seen the writing on the wall", Mr Odey's hedge fund, which bears his name, is understood to have upped his holding from just north of 1% to slightly more than 5%. - The Daily TelegraphFinancial trader and spread better CMC Markets is offering clients a chance to buy a stake in the business when it lists in London in February. The company, founded by City tycoon Peter Cruddas in 1989 and part-owned by Goldman Sachs, has unveiled its long-awaited debut on the stock market following more than half a year of work with its bankers at Goldman and Morgan Stanley. - The Daily TelegraphBeijing is planning to set up a new office to oversee management of the economy and markets after the mishandling of policy since last August that sparked share price routs. China's regulators and central bank have been under intense scrutiny since the share sell-off last summer and the market collapse this year. - The TimesThe beer giant behind Budweiser is raising $46bn from one of the biggest-ever corporate bond sales to help fund its takeover of FTSE 100 brewer SABMiller. Anheuser-Busch InBev, the Belgian-Brazilian company that in November agreed to buy SAB for £71bn, has started selling debt to investors in a huge offering that includes a number of different bonds, with maturities ranging from three to 30 years. - The Daily TelegraphThe computer sector is struggling to reboot after industry data indicated that sales have fallen at the sharpest rate since the glory days of Windows 95 . New figures from IDC, a research company that began tracking PC sales in the mid-1990s, show that global shipments fell by more than 10% last year to 276m from 308m in 2014. - The TimesNorth Korea has been barred from attending the World Economic Forum's flagship annual meeting in Davos next week over Pyongyang's decision to carry out a nuclear test in defiance of a United Nations ban. - The Times