Porsche considers selling MHP, possible valuation of over 1 bln euros, Handelsblatt reports
BERLIN, June 27 (Reuters) - Porsche (P911_p.DE), opens new tab is looking to sell its consulting and IT services business MHP, which could possibly be valued at over 1 billion euros ($1.17 billion), the German business daily Handelsblatt reported on Friday, citing two people familiar with the matter.
Porsche was not immediately available for comment.
Handelsblatt cited the German carmaker as saying it was "continuously reviewing potential optimisations for its investments."
($1 = 0.8540 euros)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
3 hours ago
- The Sun
Major US chain with 45 branches FINALLY adds iconic menu item to UK restaurants
A MAJOR US chain with 45 branches has finally added an iconic menu item to UK restaurants. Wendy's is bringing its Biggie Bag to the UK, giving customers a chance to try what Americans have dubbed the "best deal in fast food". 1 The meal deal gives customers a chance to get a small cheeseburger, chicken nuggets, small fries and drink for £5. Diners can upgrade for an extra £2.99 to get their hands on one of the chain's "premium" burgers such as a Wendy's Spicy Chicken or Wendy's Single. The more pricey version also comes with chicken nuggets, a small drink and chips. Wendy's £5 bargain allows customers to save around £1.77 The price of a small drink is around £1.49 at the chain, while the cost of a small burger is £2.49 and a four piece nugget is £2.79 and fries costs £1.59. If you bought all the items separately it would cost £8.36, but be aware prices may vary from store to store. Meanwhile, customers who upgrade to the £7.99 Biggie Bag can save £3.17. The offer has been a long standing feature in Wendy's restaurants in the US, with customers saying they "love it". One loyal fan said: "I upgrade to a large so my toddler can share and have the nuggets and some burger. So much better than McDonald's." While another customer said: "The Biggie bag is absolutely delicious I get it every time I go to Wendy's." If you are keen to try it out for yourself you will need to be quick as the offer will only be available on UK menus until August 1. You can find your nearest Wendy's by visiting, And that is not all the fast-food chain has also launched two new nugget flavours . It's new spicy nuggets are drenched in either Frank's RedHot Buffalo Sauce or Cattleman's Honey BBQ Sauce. The menu item will available to try from July 1. MORE FAST FOOD NEWS And Wendy's is not the only fast-food chain to shake things up recently. Slim Chickens has opened four new sites across the UK this month including sites in Swansea, Ealing, Walton and Birmingham. Another four Slim Chickens restaurants are set to open soon in Glasgow, Edinburgh, Newcastle, and Reading, along with an undisclosed location in West London. The final two sites, also undisclosed, will complete the chain's 16 new openings in 2025. Elsewhere, Carls Jnr will be opening new sites in Southampton, Bristol, Manchester, York and Leeds. The Swansea restaurant is set to open in late August, while the chain is likely to land in Southampton and Manchester around October. No dates have been confirmed yet for the remaining restaurants. How to save money eating out THERE are a number of ways that you can save money when eating out. Here's how: Discount codes - Check sites like Sun Vouchers or VoucherCodes for any discount codes you can use to get money off your order. Tastecard - This is a members club where you pay to have access to discounts worth up to 50 per cent off at thousands of restaurants. It costs £4.99 a month or £34.99 for the year. Loyalty schemes - Some restaurants will reward you with discounts or a free meal if you register with their loyalty scheme, such as Nando's where you can collect a stamp with every visit. Some chains like Pizza Express will send you discounts for special occasions, such as your birthday, if you sign up to their newsletter. Voucher schemes - Look out for voucher schemes offered by third party firms, such as Meerkat Meals. If you compare and buy a product through then you'll be rewarded with access to the discount scheme. You'll get 2 for 1 meals at certain restaurants through Sunday to Thursday. Student discounts - If you're in full-time education or a member of the National Students Union then you may be able to get a discount of up to 15 per cent off the bill. It's always worth asking before you place your order.
Reuters
4 hours ago
- Reuters
Berlin to simplify rules in bid to speed up defence surge, draft law says
BERLIN, June 27 (Reuters) - The German government seeks to speed up defence procurement by simplifying legal procedures, fostering European cooperation and facilitating orders to start-ups to make its military combat-ready, according to a draft law seen by Reuters late on Friday. The speedy surge of the German military's capabilities "must not fail due to overly complex procurement procedures or lengthy authorisation processes", the document said, while warning of signs that Moscow's war objectives reach beyond Ukraine. "The time factor is crucial." At a NATO summit in The Hague, leaders on Wednesday agreed to hike the alliance's defence spending target to 5% of national GDP, with 3.5% dedicated to core defence and 1.5% to related security issues. German Chancellor Friedrich Merz's government on Tuesday approved a budget framework which is expected to see Berlin's total military spending rise from 95 billion euros in 2025 to 162 billion euros in 2029, equalling 3.5% of GDP. The new defence procurement law is part of efforts to speed up military purchases that in the past have been plagued by lengthy delays, project failures and cost overshoots. The draft law determines that all procurement that contributes to Europe and NATO's military readiness inherently touches upon vital national security, which constitutes a basis to invoke an exemption under European public procurement law. That would amplify a trend that Berlin has been following for some time by more often making use of a national security clause under EU law to prioritize domestic procurement, while also seeking to minimize delays caused by legal challenges. The hurdles for cash-strapped start-ups and innovative companies to join competitions are to be lowered by enabling advance payment to these firms, according to the draft, dated June 25. The paper also makes provisions for a future simplification of European defence procurement rules, something now under discussion at the EU level, by stating that the German law should not be tougher than European law but facilitate joint European defence procurement across the board. The law will entitle contracting entities to limit tenders to bidders inside the European Union or the European Economic Area, and to determine that a certain share of the contracted goods or services must originate in the EU, according to the document. The draft law does not, however, attempt to change the rule that all defence purchases with a volume of 25 million euros or more must be approved by parliament, a requirement seen by many experts as a major hurdle against speeding up procurement. At the start of June, Defence Minister Boris Pistorius said Germany would need up to 60,000 additional troops under the new NATO targets for weapons and personnel, effectively expanding the military to some 260,000 troops. The Bundeswehr has not yet met a target of 203,000 troops set in 2018, and it is currently short-staffed by some 20,000 regular troops, according to defence ministry data.
Daily Mail
4 hours ago
- Daily Mail
DAILY MAIL COMMENT: Britain's annus horribilis under an accidental PM
In an Ipsos/Mori survey conducted exactly a year after the 1997 election, Sir Tony Blair 's popularity was even greater than when he steered his party to its momentous victory. Labour was polling at a thumping 54 per cent – 11 points higher than on election day and his personal approval ratings were similarly sky-high. Crucially, his backbench MPs adored him, having been propelled back to relevance after 18 years in the wilderness. There were a few exceptions, but the idea of large-scale rebellion was unthinkable. Compare and contrast with Sir Keir Starmer 's abject first year in office. The Daily Mail said from the start that his was a 'loveless landslide'. And so it has proved. He is the most unpopular incoming PM on record. His approval rating of minus-39 is a staggering 83 points behind where Sir Tony was at the same stage. Labour is also languishing behind Reform UK in the polls, his backbenchers are in open revolt and he has been forced into three humiliating policy U-turns inside a month. Meanwhile, the growth he so confidently promised has atrophied, the UK's already frightening debt and deficit are ballooning and his Chancellor's plans to 'fix the foundations' of the economy are in tatters. After the latest rebellion over welfare reform, she must find upwards of £3.2billion to balance her sums. This is sure to mean more punishing tax rises – breaking yet another flagship promise. Rachel Reeves is now a lame-duck Chancellor, who will have to seek the permission of her backbench colleagues for any major spending reform. She is clearly living on borrowed time. Her boss may be a little more secure – but the storm clouds are gathering. Having forced him into climbdowns on two key policies, his dissident MPs smell blood. Rebellion may become an addiction. Even with the concessions, the welfare Bill remains a mess and may well fail to pass in the Commons on Tuesday. If it does, Sir Keir's authority will be shot, and rumours will swell about a leadership challenge. It would be no great surprise. In many ways he is an accidental prime minister. Despite his huge majority, only one in five of those on the electoral roll voted for him. He won by default, because the Tories defenestrated their biggest electoral asset, then dissolved into a dysfunctional, unelectable rabble. Not being a Conservative was enough to sweep Sir Keir into power, but we quickly discovered he has feet of clay. The truth is he's a man of few real convictions and knows little about the politics of government. He paid billions to surrender the Chagos Islands on spurious legal grounds and absented himself from historic debates on assisted suicide and late-term abortion. Now, in just 12 months, he has lost control of his party. So, what happens next? Can he recover, or is he a permanent hostage to his party's class-warrior Left? Either way the next four years could be horrendous for anyone with a private sector job, savings, property or a pension pot. The Right must use this time to resolve its differences and unite. The Tories and Reform together currently command 46 per cent of the popular vote, comfortably enough for a super-majority. By 2029, the country will be even more on its knees than today. If neither Kemi Badenoch nor Nigel Farage can beat Labour on their own, it is their patriotic duty to do so together.
