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Latest Finance News related to Business Empire

Havaianas flip-flop brand sold for £850m as scandal-hit owners sell stake image
....5bn fine relating to a corruption scandal that is threatening to topple the country’s president. The owner J&F, part of the business empire of Brazil’s disgraced Batista family, said it had sold an 86% stake in the sandal maker for R3. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
.... Game released a profit warning last month due to a supply shortage of Nintendo’s Switch console and a weaker lineup of new games. Ashley has built up a business empire by buying stakes in Debenhams, French Connection and the home shopping company Findel, through Sports Direct or investment vehicles. ...
Lloyds likely to extend compensation deadline over HBOS fraud scandal image
.... The fraud victims include TV presenter Noel Edmonds. Edmonds, who seeks £73m for what he claims is the destruction of his Unique business empire, has accused the bank of “foot dragging” over compensation payouts to victims. ...
Adnan Khashoggi: Saudi billionaire arms dealer dies aged 82 image
Source : BBC [Read Article] Tuesday 6th of June 2017 06:37:25 PM
.... . When his business empire ran into financial difficulty, he handed the yacht to the Sultan of Brunei who sold it on to Donald Trump, now president of the US, for a reported $29m in the 1980s. ...
Noel Edmonds' lawyers label Lloyds bank fraud payout scheme a 'sham' image
....“There appears to be neither an objective measure nor any professional expertise whatsoever to assess a suitable sum to compensate fraud victims for the distress, anguish, reputational damage, stigma and personal tragedy that the frauds at issue have inflicted,” said Coad. Edmonds is seeking £73m in compensation for what he claims is the destruction of his Unique business empire, as well as for public humiliation and damage to his reputation. ...
Noel Edmonds starts countdown clock for Lloyds compensation image
Source : Guardian [Read Article] Wednesday 31st of May 2017 01:30:24 PM
.... He told the Lloyds chairman that he had decided to speak out on behalf of other victims because his celebrity status allowed “my voice [to be] heard more loudly than the other fraud victims who do not enjoy my profile”. Edmonds is seeking £73m in compensation for what he claims is the destruction of his Unique business empire together with public humiliation and damage to his reputation. ...
Sir Stelios Haji-Ioannou pledges to give half of £2bn fortune to charity image
....9bn. Haji-Ioannou said the no-frills airline was “nothing special” in comparison with the business empires of some of the Giving Pledge’s other members, who include the Facebook co-founder Mark Zuckerberg and Elon Musk, the futurist and chief executive of electric car firm Tesla. ...
Ex-BHS owner Dominic Chappell could be pursued by Sir Philip Green for millions image
. Dominic Chappell, the former owner of BHS, could be pursued for millions of pounds owed to Philip Green’s business empire as well as to creditors of the now collapsed department store. ...
Noel Edmonds accuses Lloyds of 'foot dragging' over HBOS payouts image
Source : Guardian [Read Article] Monday 15th of May 2017 03:06:15 PM
....In a personal intervention, the TV celebrity has written to Lord Blackwell, the chair of Lloyds, to lambast the lack of urgency in making payments to the businesses that suffered from the fraud for which six individuals were jailed in February. Edmonds is seeking £73m in compensation for what he claims is the destruction of his Unique business empire together with public humiliation and damage to his reputation. ...
Noel Edmonds seeks £50m damages for HBOS fraud image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:10:09 PM
....Lloyds has said it would increase the amount of compensation if a review found that to be necessary. The letter to Mr Horta-Osorio says that Mr Edmonds' "reputation as a successful business entrepreneur was destroyed by humiliating media coverage of the collapse of his business empire". ...
Noel Edmonds demands £73m compensation over HBOS fraud image
Source : Guardian [Read Article] Wednesday 10th of May 2017 10:12:13 AM
. Noel Edmonds has demanded £73m in compensation from Lloyds Banking Group for what he claims was the destruction of his business empire together with public humiliation and damage to his reputation caused by the fraudulent activities of the bank’s HBOS Reading arm. ...
Laura Ashley boss to pay ex-wife divorce settlement of £64m image
Source : Guardian [Read Article] Thursday 6th of April 2017 10:24:29 PM
....Chai said her ex-husband had “always” told her “what’s mine is yours”. Chai claimed she and Khoo had made a sharing agreement and said she owned half of the “family’s business empire”. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
. Four members of the powerful family behind the $81bn (£66bn) Lotte Group business empire have gone on trial in Seoul this week. ...
Nick Candy denies claim he is jointly in charge of brother's CPC empire image
. Nick Candy has denied allegations that the distinction between his business empire and that of his brother is “pure fantasy”, as a £132m high court tussle with a former university friend delved into the duo’s tax affairs. ...
Agent Provocateur founder brands Mike Ashley's purchase 'a stitch-up' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 12:46:56 PM
....”. The acquisition is the latest stage of an attempt by Ashley, the founder and chief executive of Sports Direct, to move his business empire upmarket. ...
Donald Trump retains direct tie to businesses, documents show image
Source : Guardian [Read Article] Saturday 4th of February 2017 06:30:22 PM
....The trust contains a mix of cash from Trump’s sales of stock investments over the summer and his physical and intellectual properties, such as Trump Tower in New York, Mar-a-Lago in Florida – the so-called “winter White House” where the president is spending this weekend – and branding rights. The details align with what Trump and attorney Sheri Dillon outlined at an 11 January news conference about Trump’s plan for what would become of his global business empire while he is president. ...
Tata Sons names Natarajan Chandrasekaran new chairman image
Source : BBC [Read Article] Thursday 12th of January 2017 02:31:56 PM
....Mr Mistry resigned from all boards in December having led the conglomerate for four years. Tata Sons is the holding company for a business empire ranging from Jaguar Land Rover and Tata Steel to aviation and salt pans. ...
Trump Organization handover plan slammed by ethics chief image
Source : BBC [Read Article] Thursday 12th of January 2017 04:57:49 AM
. The director of the US Office of Government Ethics has criticised Donald Trump's plan to hand control of his business empire to his sons before his inauguration on 20 January. ...
Trump hands over business empire to sons image
Source : BBC [Read Article] Wednesday 11th of January 2017 05:39:28 PM
. US President-elect Donald Trump says he is handing over his business empire to his sons, Donald Jr and Eric. ...
Giving business control to sons doesn't end Trump's conflicts, ethics office says image
. Donald Trump’s plan to transfer control of his business empire to his adult children has been dealt a fresh blow by the Office of Government Ethics (OGE). ...
Stepping back image
Source : BBC [Read Article] Tuesday 13th of December 2016 12:08:00 AM
....Circumstances add extra potential conflicts to the Trump administration. His business empire now relies on licensing the Trump name to developers around the world. ...
Trump says he will 'leave business' to focus on presidency image
Source : BBC [Read Article] Wednesday 30th of November 2016 12:23:56 PM
. President-elect Donald Trump has announced he is to leave his business empire to focus on the presidency and avoid perceived conflicts of interest. ...
MPs expected to back regulations on privately-owned City businesses image
Source : Guardian [Read Article] Friday 25th of November 2016 08:01:10 PM
....The proposal to extend the City’s governance code to the private sphere was first put forward by the Financial Reporting Council, an independent body that regulates City behaviour, including adherence to corporate behaviour codes for public companies. The code for public companies was introduced in the 1990s in the wake of the Polly Peck scandal, when the business empire of disgraced tycoon Asil Nadir folded with debts of £1. ...
Trump denies any conflict of interest over business empire image
Source : BBC [Read Article] Wednesday 23rd of November 2016 09:10:03 AM
. Billionaire US President-elect Donald Trump has said he is not obliged to cut ties to his business empire when he takes office on 20 January. ...
Pensions Regulator demands information from Sir Philip Green’s Arcadia image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 07:46:56 PM
. The Pensions Regulator has expanded its examination of Sir Philip Green’s business empire by demanding information from Arcadia – the owner of Topshop, Dorothy Perkins and Miss Selfridge – about the state of its pension scheme. ...
The Big Short: is the next financial crisis on its way? image
Source : Guardian [Read Article] Saturday 19th of November 2016 07:00:01 AM
....He doesn’t share the optimism around Deutsche Bank since Trump’s victory. The troubled German bank, facing a $14bn fine in the US for mortgage bond mis-selling, was for a long time one of the biggest lenders to the Trump business empire. ...
Keep it in the family image
Source : BBC [Read Article] Thursday 3rd of November 2016 12:16:24 AM
....But depending on the outcome of the vote on 8 November, one of the two can expect to be thrust into a major financial role. Donald Trump has said that if he becomes president, he will hand control of his business empire to Ivanka and her brothers, Don and Eric. ...
Rolls-Royce 'made secret payments' image
Source : BBC [Read Article] Monday 31st of October 2016 05:01:05 PM
.... The 67-year-old is now an adviser to Lib Dem party leader Tim Farron. Mr Choudhrie and his family run a global business empire that includes hotels, healthcare and aviation. ...
Arnold Palmer: How golfer defined sports marketing image
Source : BBC [Read Article] Monday 26th of September 2016 12:17:33 PM
....The passing of famous golfer Arnold Palmer has reminded the world of a true trailblazer in sports business. Palmer, who has died at the age of 87, was the first sportsman to use his fame to build a business empire, through an array of commercial ventures. ...
How to hide it: inside the secret world of wealth managers | Brooke Harrington image
Source : Guardian [Read Article] Wednesday 21st of September 2016 05:00:17 AM
.... The trustees are to be a trust institution in the Cayman Islands with a professional protector situated in the Bahamas. It is intended that the trust assets will comprise shares in two underlying companies: the holding company of the settlor’s Latin American business empire is incorporated as an exempt company in Bermuda; and an IBC [international business corporation] incorporated in [the British Virgin Islands] holding a portfolio of stocks and shares. ...

Cambodian prime minister jokes his pot belly is getting in the way of his golf swing
 image
....Many of Mr Sen's closest allies - including his own family - have become hugely wealthy in the last three decades. Last month Global Witness released a report accusing the premier and his relatives of carving a $200 million business empire. ...
Are England’s academies becoming a cash cow for business? image
Source : Guardian [Read Article] Sunday 12th of June 2016 08:00:18 AM
....And the NAO’s findings, so far, have prompted wider questions about the government’s academisation juggernaut, and whether ministers have a tight enough hold on the billions of pounds of taxpayers’ money swishing around the new system. Is the corporate world supporting the academies through sponsorship, or are we in danger of allowing state schools to become subsidiaries in business empires, critics ask. ...
Paper tiger Mike Ashley needs to explain or face being torn apart by MPs image
.... The press have turned against him. Increasingly friendless in the City, Ashley is faintly reminiscent of Trollope’s Augustus Melmotte, who goes from dizzying success to social pariah when his business empire struggles. ...
Lycamobile's opaque tax affairs confounding its own auditors image
Source : Guardian [Read Article] Wednesday 11th of May 2016 06:10:58 PM
....There is no suggestion of any connection to Lycamobile’s tax affairs and the company has said its cash deposits were “day-to-day” banking sanctioned by the Post Office. Another company in Allirajah’s business empire is under investigation in Sri Lanka, over allegations it was used to channel cash to the former president. ...
Mitsubishi admits it cheated on fuel mileage tests for 25 years image
Source : Guardian [Read Article] Tuesday 26th of April 2016 03:41:30 PM
.... It was bailed out by other Mitsubishi Group companies. Senior officials at other Mitsubishi firms say it would be difficult for them to help the carmaker this time, if needed, as they face their own financial squeeze, as well as calls to put shareholder returns above ties with the former Mitsubishi business empire. ...
BHS is a victim of shareholder greed | Prem Sikka image
Source : Guardian [Read Article] Monday 25th of April 2016 05:48:53 PM
....Related: If BHS can fold, then how safe are M&S and John Lewis? | Mary Dejevsky. Green’s business empire operated through a labyrinth of companies, including companies based in the offshore tax haven of Jersey, which makes any quick analysis very difficult. ...
Lycamobile faces fine after company fails to file 'acceptable' accounts image
....There is no suggestion of any connection to the late filing of accounts and Lycamobile has said its cash deposits were “day-to-day” banking sanctioned by the Post Office. Another company in Subaskaran Allirajah’s business empire is under investigation in Sri Lanka, over allegations it was used to channel cash to the former president. ...
Business News: BT, Merlin, Diageo image
Source : Daily Express [Read Article] Friday 26th of February 2016 12:01:00 AM
....The deal also includes Diageo extending Smirnoff’s sponsorship of the Force India Formula One team of which Dr Mallya is part-owner. It brings to an end a protracted dispute after United’s board demanded he resign after an internal investigation claimed he had diverted cash from the drinks group to other parts of his business empire. ...
One company’s fate that’s key to the oil industry’s fortunes image
Source : Telegraph [Read Article] Saturday 13th of February 2016 07:50:45 PM
.... . Once the crown jewel in Fredriksen’s huge business empire, it has recently become the tycoon’s big problem child after racking up too much debt during an aggressive expansion drive prior to the downturn. ...
Tory party donor Lycamobile faces being struck off UK company register image
Source : Guardian [Read Article] Tuesday 26th of January 2016 12:37:08 PM
....There is no suggestion of any connection to the late filing of accounts and Lycamobile has said its cash deposits were “day-to-day” banking sanctioned by the Post Office. Another company in Subaskaran Allirajah’s business empire is under investigation in Sri Lanka, over allegations it was used to channel cash to the former president. ...
Kwik Save billionaire Albert Gubay dies image
Source : BBC [Read Article] Wednesday 6th of January 2016 03:58:11 PM
....'". Since then, profits from his business empire have been distributed each year to charitable causes. ...
The full force of Star Wars image
Source : BBC [Read Article] Saturday 26th of December 2015 01:21:56 AM
.... But that's only part of the story - remember the Lego, the toy light sabers, the duvet covers, DVDs and books. The Star Wars business empire sprawls a long, long way. ...
Female billionaires multiply sevenfold in 20 years (but don't get too excited) image
.... . "We discovered that women inheriting business empires from their husbands or fathers are far more likely than their male counterparts to take the initiative, stepping into the patriarch’s shoes and often driving expansion to the next level. ...
Carlos Slim: biography of Mexico's richest man penetrates 'cloak of silence' image
....”. Osorno recounts the story of how the son of Lebanese immigrants created one of the world’s biggest fortunes and a business empire that spans telecoms, healthcare, airlines, media, sports and retail. ...
Givers that keep on giving: the world's top philanthropists image
Source : Guardian [Read Article] Wednesday 2nd of December 2015 04:05:35 PM
....The tradition dates to the founding fathers of the US and includes the illustrious and infamous of the US super rich. Universities, museums, cures for disease and programmes to combat poverty have all been set up with the proceeds of business empires. ...
Caparo goes into administration in further blow to British steel industry image
. Caparo Industries, part of the business empire of the Labour peer Lord Paul, has called in administrators in the latest blow to Britain’s steel industry. ...
Oprah Winfrey's stake in Weight Watchers sends share price soaring image
Source : Guardian [Read Article] Monday 19th of October 2015 12:00:30 PM
....Investors appeared to have faith in Winfrey, who has been dubbed “Queen of All Media” and built up a $3bn (£1. 9bn) business empire. ...
Buffett's Berkshire takes on Charles Taylor insurance books image
Source : Telegraph [Read Article] Monday 19th of October 2015 11:33:10 AM
.... . Tenecom, a subsidiary of Mr Buffett’s business empire, will liquidate the businesses before paying Charles Taylor a dividend. ...
Megabrew takeover: the world's two largest brewers image
Source : Guardian [Read Article] Tuesday 13th of October 2015 02:14:49 PM
.... Three aristocratic Belgian families still own a significant share of the business but the company’s modern-day story started in 1989 when three Brazilian investment bankers bought the Brazilian brewer Brahma for $50m. AB InBev is now the biggest component in their business empire which also includes Heinz and Burger King, making the leader of the three dealmakers, Jorge Paolo Lemann, Brazil’s richest man with a fortune put at $23bn. ...
'Putin's ex-banker' files $12bn claim image
Source : BBC [Read Article] Tuesday 22nd of September 2015 09:34:29 PM
.... Mr Pugachev denies the charges. The oligarch - who once estimated his business empire was worth $15bn - announced his move against Russia on Tuesday in Paris. ...
Return to the swinging '60s in this luxury flat in the Beatles' HQ image
Source : Telegraph [Read Article] Monday 14th of September 2015 07:28:25 AM
.... The Apple Boutique, selling Beatles' memorabilia, was opened in 1967 by John Lennon, George Harrison, Eric Clapton, Cilla Black and Jack Bruce. The Apple Corps was the parent company of Apple Records and set up in 1968 to handle the band's growing business empire. ...
Evidence shows that refugees contribute to the economies of their new homes image
Source : Independent [Read Article] Sunday 13th of September 2015 05:41:54 PM
....Among the refugees was a young boy called Li Ka-Shing. He built a great business empire and is one of Asia’s richest men. ...
D&D puts the North on the menu image
Source : Telegraph [Read Article] Sunday 6th of September 2015 09:11:09 PM
. D&D London, the restaurant group formerly part of Sir Terence Conran’s business empire, is planning to open up to six regional restaurants in northern England and Scotland. ...
The Spotify privacy backlash: what is my personal data really worth? | Paul Mason image
.... And in that it was not alone - that’s the default position with tech giants, and it takes the threat of a user revolt even to get their attention. Entire business empires are being built on such non-negotiable seizure of rights to networked data. ...
Andy Murray goes on crowdfunding spree image
Source : Telegraph [Read Article] Wednesday 19th of August 2015 08:38:30 AM
. Andy Murray, the tennis star currently ranked number two in the world, has expanded his business empire by making three investments in UK start-up companies. ...
Can South Korea's family firms maintain their grip? image
Source : BBC [Read Article] Monday 10th of August 2015 12:26:33 AM
.... . In 2012, he was found guilty of corruption for illegally diverting funds from healthy affiliates in his business empire to weaker companies. ...
Toshiba boss resigns over scandal image
Source : BBC [Read Article] Tuesday 21st of July 2015 07:26:08 AM
Controversial Samsung merger approved by shareholders image
Source : Telegraph [Read Article] Friday 17th of July 2015 02:40:38 PM
.... . The business empire's patriarch, 73-year-old Lee Kun-hee, has been in hospital since May 2014 and his son Lee Jae-yong is to take on a bigger leadership role. ...
Meet the teen entrepreneurs juggling homework with running a business image
....Avoiding school work, playing loud music, hanging out with friends or running a profitable business – which of these sounds most like a typical teenage pastime?. It’s obvious which category 17-year-old Ollie Forsyth, who springs out of bed at 5am every day to work on his business empire, falls into. ...
Disputed Samsung C&T merger approved image
Source : BBC [Read Article] Friday 17th of July 2015 04:17:03 AM
.... . The business empire's patriarch Lee Kun-hee has been in hospital since May 2014 and his son Lee Jae-yong is to take a bigger leadership role. ...
Kirk Kerkorian obituary image
Source : Guardian [Read Article] Wednesday 17th of June 2015 10:16:08 AM
.... He used it to train pilots and for charter work, regularly transporting a Los Angeles scrap metal dealer to Las Vegas. In 1947 he bought a small charter business in Los Angeles, and from there his business empire began to flourish. ...
Sir Richard Branson's pens heart-warming letter to nine-year-old girl with dyslexia image
....In reply, Sir Richard told how having dyslexia had been a gift in his life. The businessman dropped out of school when he was 16 years old, in part because he is dyslexic, before going on to build his Virgin business empire. ...
Vedanta merger with cash-rich Cairn gets green light image
Source : Telegraph [Read Article] Monday 15th of June 2015 07:32:45 AM
.... . The Vedanta group of companies is part of the business empire of Indian billionaire billionaire Anil Agarwal. ...
Vedanta digs out $2.6bn cash pile from merger of Indian operations image
Source : Telegraph [Read Article] Saturday 13th of June 2015 06:02:48 PM
.... . The Vedanta group of companies is part of the business empire of Indian billionaire billionaire Anil Agarwal. ...
Non-dom status claimed by 800 UK-born taxpayers living in Britain image
Source : Guardian [Read Article] Friday 29th of May 2015 06:10:33 PM
....In addition, non-dom status can be combined with offshore trusts to construct complex ownership structures above business investments in the UK, again generating big tax savings. The crown dependencies of Jersey, Guernsey and the Isle of Man have built up a substantial industry administering trusts associated with business empires created by UK-based non-doms. ...
British millionaires who made it in business without a university degree image
Source : Daily Express [Read Article] Friday 8th of May 2015 06:01:00 PM
.... "There are increasing numbers of higher apprenticeships at sought after employers like PWC and EY that identify and recruit young people who are actively choosing not to go to university but to start their working life immediately, with a view to being ahead of the game when their university peers graduate. ”Here are some of the Brits who have proved that a degree is not always the key to creating a business empire worth millions. ...
Cameron should back BP openly and name companies that need protecting image
Source : Guardian [Read Article] Monday 27th of April 2015 06:50:00 PM
.... The board of United Spirits has called on Vijay Mallya, its chairman, founder and former controlling shareholder, to quit. It says an internal inquiry has found improper financial transactions with other parts of his business empire between 2010 and 2012. ...
Diageo faces bitter legal battle with Kingfisher Airlines founder Vijay Mallya image
.... The irregular transactions were discovered when the 2014 accounts for United Spirits were prepared, which was the earliest occasion that Diageo had full oversight of the accounts. Kingfisher Airlines was grounded in 2012 and finally ceased operating in 2013, prompting a string of sales from the tycoon’s business empire and causing banks to call him a “willful defaulter”. ...
Diageo dips after dispute at Indian associate United Spirits image
Source : Guardian [Read Article] Monday 27th of April 2015 10:21:40 AM
....[The inquiry is] into certain matters referred to in United Spirit’s financial statements and the auditor’s report for its financial year ended 31 March 2014. The issues are said to be in relation to certain transactions in 2010-2012 between United Spirits and the rest of the United Breweries business empire when Dr Mallya was trying to prop up the loss making Kingfisher airlines business. ...
Barclay brothers sell stake in three luxury London hotels image
Source : Guardian [Read Article] Thursday 23rd of April 2015 07:30:56 PM
....Sir Frederick and Sir David Barclay, best known as the owners of the Telegraph newspaper titles, launched an audacious corporate raid in January 2011 on Coroin, believing a number of the group’s owners were too financially weakened to fend them off. One of their calculations was that Irish property investor Paddy McKillen, with a stake of more than a third, would offer little resistance because other parts of his indebted business empire appeared to be under intense strain. ...

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