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Turning plastic to oil, UK startup sees money in saving oceans

  Bloomberg At a garbage dump about 80 miles west of London, Adrian Griffiths is testing an invention he’s confident will save the world’s oceans from choking in plastic waste. And earn him millions. His machine, about the size of a tennis court, churns all sorts of petroleum-based products — cling wrap, polyester clothing, carpets, electronics — back into oil. ...

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Telia sells $500mn Turkcell stake

  Bloomberg Telia AB sold about $500 million worth of stock in Turkcell Iletisim Hizmetleri AS, making progress on a vow to focus on its home region as it reduces its holding in an investment tied up in a decade-long ownership feud. Stockholm-based Telia agreed to sell 155 million shares in Turkcell to institutional investors in an accelerated offering, the ...

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BlackRock’s iron grip on Europe bond ETFs defies competition

  Bloomberg Competitors to BlackRock Inc. are trying to loosen the investing giant’s stranglehold on Europe’s $153 billion bond exchange-traded fund market. They’re struggling to make much headway. The company’s market share has increased in recent years to 67 percent, data from Morningstar Inc. show, even as competitors add new funds and offer low fees. Rivals are being stymied because ...

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