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.... These councils disbanded because of Trump’s failure to lead and the public pressure that followed . Trump’s peddling of racist lies has been the final straw that has made the businessman president lose even the support of big business. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:35:36 PM
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Trump disbands business councils as CEOs flee after Charlottesville remarks image
Source : Guardian [Read Article] Wednesday 16th of August 2017 06:35:36 PM
.... These councils disbanded because of Trump’s failure to lead and the public pressure that followed . Trump’s peddling of racist lies has been the final straw that has made the businessman president lose even the support of big business. ...
Do your fellow Brits a favour. Stop going on holiday | Simon Jenkins image
Source : Guardian [Read Article] Thursday 3rd of August 2017 06:00:08 AM
.... It has facilitated the experience economy. People no more want a “virtual” holiday than a businessman wants a virtual perk flight, or an academic a virtual foreign conference. ...
Can Jack Ma, Asia’s richest man, create 1m jobs in the US? image
Source : Guardian [Read Article] Sunday 30th of July 2017 06:30:12 AM
.... “Ma isn’t interested in America succeeding, he’s interested in Ma, Alibaba and China succeeding. As a skilled, global businessman, Ma is operating in his own interest which, at times, might also be the interests of the Chinese Communist party. ...
Horsemeat scandal: businessman found guilty of fraud image
Source : Guardian [Read Article] Wednesday 26th of July 2017 02:52:58 PM
. A London businessman has been found guilty of conspiring to defraud customers by adding horsemeat to batches of beef and relabelling them as pure beef. ...
Mike Ashley wins high court battle over '£15m pub deal' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:30:42 AM
....Ashley was not in court to hear the judge deliver his ruling, but his lawyers said he had won a “comprehensive” victory. In a statement, the businessman said: “The only reason the Sports Direct share price exceeded £8, and will hopefully do so again, is because of the sterling efforts of all the people who work at Sports Direct. ...
Top firms must publish figures on ethnic diversity, says report image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:01:11 AM
.... A government-backed report by businesswoman Ruby McGregor-Smith, published in February, said that £24bn could be added to to UK economy each year if minorities were able to progress through their careers at the same rate as their white counterparts. That report by McGregor-Smith, a Conservative peer and former chief executive of the facilities management company Mitie, was published shortly after a government-commissioned review by businessman Sir John Parker concluded the should be a voluntary target for FTSE 100 companies to have least one non-white director by 2021. ...
Could you spot a bogus Airbnb listing among the genuine ones? image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
. An internet businessman based in Bath, who lost more than £4,100 to sophisticated Airbnb fraudsters after booking what he thought was a smart holiday villa in Sicily for three weeks. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
....”. The businessman said he did not want to go the pub meeting with City brokers but Blue had “all but begged” him to go and told him to make it a fun night and impress the brokers with his larger-than-life personality. ...
Sir Owen Green obituary image
Source : Guardian [Read Article] Wednesday 5th of July 2017 02:14:17 PM
.... A measure of his success is that £1,000 invested in BTR when he took over would have been worth £1m by the time he retired. He was voted businessman of the year in 1982 and knighted for services to industry in 1984. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
....Ashley said paying out the money to Blue – who claims he was promised £15m if Sports Direct’s share price doubled over three years – would not be a problem as he was so rich that he didn’t know what to spend his money on when he became a billionaire in 2007. However, the businessman said he couldn’t recall making the alleged deal and if he had it would have been “obviously just banter”. ...
Carlsberg buys London Fields Brewery image
Source : Guardian [Read Article] Monday 3rd of July 2017 05:39:11 PM
.... Proceedings are scheduled to begin again on Monday. It is not clear whether Whiteway-Wilkinson will benefit from the sale of the brewery because his businessman father Juan now owns it, according to accounts filed with Companies House. ...
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
....Instead the bank is mired in a public battle with TV celebrity Noel Edmonds – one of the victims – who accuses Lloyds of creating a “sham” compensation process which lacks transparency. Edmonds is also calling on Professor Russel Griggs, the Scottish businessman appointed as independent reviewer of the compensation process, to quit. ...
House Democrats challenge Deutsche Bank over review of Trump's accounts image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:38:41 PM
....”. Deutsche extended about $300m in loans to Trump before he became president, even as the former reality television star and businessman was being shunned by other financial institutions because of his poor track record and string of failed businesses. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... We’ve been taught that all fields of human life should be organized as markets, and that government should be run like a business. This ideology has found its perverse culmination in the figure of Donald Trump, a celebrity billionaire with no prior political experience who catapulted himself into the White House by invoking his expertise as an businessman. ...
Adnan Khashoggi: Saudi billionaire arms dealer dies aged 82 image
Source : BBC [Read Article] Tuesday 6th of June 2017 06:37:25 PM
. Saudi arms dealer Adnan Khashoggi, a billionaire businessman known for his lavish lifestyle, has died in London at the age of 82. ...
Fred Goodwin escapes high court appearance as RBS settles lawsuit image
Source : Guardian [Read Article] Tuesday 6th of June 2017 11:50:13 AM
.... Last week they met the RBS chief executive, Ross McEwan, in an effort to persuade him to increase the offer, which was already double the previous settlements. Neil Mitchell, a businessman involved in a separate business legal suit against RBS, said he had met funders in the Lanesborough Hotel in London on Monday evening in an attempt to secure the millions of pounds needed to keep the case alive. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
....Sir Philip Green’s fashion empire suffered a 16% fall in profits last year as the billionaire’s Topshop-to-Miss Selfridge group struggled with difficult trading on the high street. The drop in profits caps a torrid 12 months for the Monaco-based businessman, who was hauled before MPs following the collapse of BHS, which he sold to a group led by a former bankrupt for £1. ...
Judge expects update on Royal Bank of Scotland settlement negotiations image
.... The last time Goodwin – who left RBS in the wake of the 2008 bailout – accounted for his actions in public was in February 2009 when he had appeared before MPs and issued a “profound and unqualified apology for all of the distress that has been caused”. It has been reported that the businessman Trevor Hemmings, who owns Preston North End football club and is helping cover the shareholders’ legal costs, is willing to accept the RBS settlement. ...
'I spit on you again': Russian billionaire renews tirade against Putin rival image
....3bn (£1bn) bid for control of the club turned down. The businessman, born in Soviet Uzbekistan, spent six years in jail during the late Soviet period after a conviction he claims was politically motivated and which was later overturned. ...
Boots of Nottingham opens 'historic' digital archive image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:24:11 PM
....Jesse Boot started his small herbalist store about 165 years ago and by the mid-1930s there were over 1,000 Boots shops in the UK. Mr Boot was not only a successful businessman, whose firm dominated the pharmacy industry, but also a philanthropist and was responsible for a number of welfare initiatives. ...
Talks to avert RBS court case to continue into June image
Source : Guardian [Read Article] Wednesday 24th of May 2017 06:35:03 AM
.... Eight years ago, when he appeared before the MPs on the Treasury select committee, he offered a “profound and unqualified apology for all of the distress that has been caused”. The bank’s legal bills are expected to reach £125m if the case goes through the courts, while the investors’ legal bills are in part being paid by the businessman Trevor Hemmings. ...
Andrea Radrizzani: Italian businessman completes Leeds United takeover image
. Italian businessman Andrea Radrizzani has completed his takeover of Leeds United, ending Massimo Cellino's three-year spell as the club's owner. ...
Last-ditch RBS talks continue as court is adjourned for a second day image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 08:55:34 AM
.... If the settlement talks fail and the case goes ahead, the former RBS chief executive would be forced to account for his actions in public for the first time since February 2009, when he appeared before MPs on the Treasury select committee and offered a “profound and unqualified apology for all of the distress that has been caused”. It has been reported that the businessman Trevor Hemmings, who owns Preston North End football club and is helping cover the shareholders’ legal costs, is willing to accept the RBS settlement. ...
Oil bosses have given £390,000 to Tories under Theresa May image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 05:00:43 AM
.... He has given £28,500 to the Conservative party since December. Alexander Temerko is a Ukrainian-born businessman and former deputy chairman of the Russian Yukos Oil Company. ...
RBS offers £200m to avert court case brought by 9,000 investors image
Source : Guardian [Read Article] Monday 22nd of May 2017 07:15:06 AM
....The bank’s legal fees are expected to reach £125m if the case goes ahead, including the costs of defending Goodwin and the other defendants. The businessman Trevor Hemmings, who owns Preston North End football club, a chain of pubs and a stable of racehorses, is helping to cover the legal costs of the shareholders. ...
Billionaire makes 'biggest philanthropic gift' by living Australian image
....". Others who have made large philanthropic offers include Indian tech billionaire Azim Premji, Irish-American businessman Chuck Feeney and Saudi Arabia's Prince Alwaleed bin Talal. ...
Ex-RBS boss Fred Goodwin returns to spotlight in £520m court battle image
....PR expert Mark Borkowski believes the court appearance – Goodwin’s evidence is scheduled for next month – is a moment for the banker to show “chastened humility”. The once-feted banker – he was awarded Forbes businessman of the year in 2002 – has “disappeared off the radar” since his departure from RBS in October 2008 after the bailout, points out Borkowski. ...
What $110m for a Basquiat painting tells us about the art market image
Source : Guardian [Read Article] Friday 19th of May 2017 11:24:38 AM
....5m for De Kooning’s Woman III. Both were bought from US businessman and philanthropist David Geffen. ...
Tories receive £50,000 from man questioned by Serious Fraud Office image
Source : Guardian [Read Article] Thursday 18th of May 2017 02:12:09 PM
. Theresa May’s election campaign has received a £50,000 donation from a Syrian-born businessman who was recently interviewed by the Serious Fraud Office, according to official data. ...
Richard Branson says scammers are using his name to dupe investors image
Source : Guardian [Read Article] Wednesday 17th of May 2017 03:08:44 PM
....Sir Richard Branson has warned that criminals are using his name to dupe people into buying fake investments. The billionaire businessman said such scams could be “terrifyingly deceptive” after being contacted by victims who were led to believe he was involved and had discovered their investments were worthless or nonexistent. ...
Tory donor questioned by SFO over corruption claims at Petrofac image
Source : Guardian [Read Article] Friday 12th of May 2017 04:47:44 PM
....Its chief executive, Ayman Asfari, and his wife have given the Tories more than £700,000 since 2009, with the party receiving £40,000 last December. The Syrian-born businessman has been questioned under caution by the SFO, along with another member of Petrofac’s senior management team. ...
'Block Fox bid for Sky', says ex-guest claiming harassment image
....European competition authorities have already waved the deal through. Both Sky and Fox are controlled by businessman Rupert Murdoch, who also owns the Times and the Sun newspapers. ...
Hanging up the microphone image
Source : BBC [Read Article] Sunday 7th of May 2017 11:23:22 PM
....Thanks to hit songs such as The Gambler, Lady, Coward of the County, and Islands in the Stream (a duet with Dolly Parton), and a parallel acting career, he was a household name in the late 1970s and 1980s. A keen businessman, Rogers has also led several business ventures over the years, mainly in property and the restaurant sector. ...
Société Générale to pay £815m to settle Libyan lawsuit image
Source : Guardian [Read Article] Thursday 4th of May 2017 01:57:33 PM
....5bn (£1. 2bn) was over the payment of $58m by SocGen to a Panamanian-registered company called Lenaida, controlled at the time by Libyan businessman Walid Giahmi. ...
Missing million image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:01:31 PM
....Giselle Cycowicz (born Friedman) remembers her father, Wolf, as a warm, kind and religious man. "He was a scholar," she says, "he always had a book open, studying Talmud [compendium of Jewish law], but he was also a businessman and he looked after his family. ...
'Vijay Mallya can't avoid the law': Herts villagers on 'fugitive' billionaire neighbour image
....A sign with a picture of Mallya’s four dogs – golden retrievers Luna and Bella, and Bichon lapdogs Elsa and Daisy – urges workmen to drive slowly through the three-house estate. His neighbours know Mallya lives next door but they have not met him and are a little wary of the media after the Indian press corps camped outside the gates for days when it was revealed last year that the businessman was holed up there. ...
Government extends Sky takeover inquiry image
Source : BBC [Read Article] Friday 21st of April 2017 11:29:35 AM
....5bn. Both Sky and Fox are controlled by businessman Rupert Murdoch, who also owns the Times and the Sun newspapers. ...
Investors think the election means a softer Brexit – are they right? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:40:16 PM
.... If the election delivers a messy result – even a barely improved Tory majority – what would really have changed?. The late Sir Richard George, the businessman who built Weetabix as a family company before selling it to a private equity firm in 2003, understood he was selling a product with limited international appeal. ...
Force India F1 team boss Vijay Mallya arrested in London image
Source : Guardian [Read Article] Tuesday 18th of April 2017 12:31:31 PM
....Mallya appeared before Westminster magistrates court and was bailed on a £650,000 bond to return for an extradition hearing on 17 May. The 61-year-old businessman, who has referred to himself as the “King of Good Times”, is living in a £11. ...
The money machine: how a high-profile corruption investigation fell apart image
Source : Guardian [Read Article] Wednesday 12th of April 2017 05:00:26 AM
.... As described in the later court judgment, the SFO argued that “there were reasonable grounds to believe that the defendant [Zlochevsky] had engaged in criminal conduct in Ukraine and the funds in the BNP account were believed to be the proceeds of such criminal conduct”. The SFO investigator Richard Gould claimed in the April 2014 court hearing that Zlochevsky’s dual position in Ukraine as both a politician and a businessman gave “rise to a clear inference of a wilful and dishonest exploitation of a direct conflict of interest by a man holding an important public office such as to amount to an abuse of the public’s trust in him”. ...
Judges reject US banker's claim to be a genius in divorce case image
Source : Guardian [Read Article] Tuesday 11th of April 2017 01:07:22 PM
....A high court judge rejected Work’s claim that he made an “exceptional contribution” to the marriage and was therefore entitled to more than a 50-50 split of the couple’s assets, which include a £30m mansion in Kensington, west London, complete with swimming pool and fitness centre and an £18m ski lodge in Aspen, Colorado. Ruling on their divorce in 2015 Justice Holman told the businessman that his wealth contribution – which Work said totalled more than $300m in 10 years – was not “wholly exceptional” and rejected his claim to be a financial “genius”. ...
Sky's 21st Century Fox takeover cleared by Europe image
Source : BBC [Read Article] Friday 7th of April 2017 02:37:06 PM
....European Commission competition authorities have cleared 21st Century Fox to buy the 61% of broadcaster Sky that it does not yet own. Both Sky and Fox are controlled by businessman Rupert Murdoch, who also owns the Times and the Sun newspapers. ...
Hull after Brexit – will the City of Culture regret voting out? image
Source : Guardian [Read Article] Sunday 2nd of April 2017 02:30:03 PM
....Maier wrote a series of pro-EU blogposts before the referendum, explaining the single market’s benefits, setting out facts, but complaining that the debate had been “annoying”, insufficiently based on reality, and stirred up “ignorance, intolerance” and “negative and often inflammatory rhetoric against our neighbours”. Last week, after Theresa May triggered Britain’s article 50 withdrawal from the EU, Kaeser was the first businessman to meet the prime minister, when he again drew a distinction between the profits Siemens is confident it will continue to make domestically in the UK, and the uncertainties for exporting, arguing that free movement of people remains crucial to a successful future relationship with Europe. ...
Ian and Greg Chappell call on Adani to abandon Carmichael mine project image
Source : Guardian [Read Article] Thursday 16th of March 2017 01:46:56 AM
....Signatories include former Labor federal environment minister Peter Garrett; authors Richard Flanagan, Tim Winton and Helen Garner; Telstra chair John Mullen; investment banker Mark Burrows; and former Australian of the Year, Prof Fiona Stanley. The letter will be hand-delivered by Geoff Cousins, the businessman, environmental activist and former adviser to then Australian prime minister John Howard, who hopes to appeal to the Adani family’s concern for their business reputation. ...
Christian Candy's finance chief denies 'good cop, bad cop' game image
Source : Guardian [Read Article] Tuesday 14th of March 2017 05:51:04 PM
. The finance director of Christian Candy’s property firm CPC played a “good cop, bad cop” game with the businessman Mark Holyoake, the high court has heard. ...
Wetherspoons boss condemns Hammond's 'budget for dinner parties' image
Source : Guardian [Read Article] Friday 10th of March 2017 10:08:26 AM
....He also poured scorn on a £1,000 business rates discount for pubs with a rateable value of less than £100,000, saying “that sum is dwarfed by tax and regulatory increases” and that Wetherspoon is not eligible for it in any case. The outspoken businessman pointed out the disparity between how pubs are taxed compared with supermarkets when it comes to VAT on food sales. ...
Indonesia's answer to Donald Trump? image
Source : BBC [Read Article] Thursday 9th of March 2017 07:08:37 PM
. In 2015, Indonesian businessman Hary Tanoesoedibjo signed a deal to build a Trump Tower and Bali's first Trump resort. ...
21st Century Fox rejects Sky takeover bid concerns image
Source : BBC [Read Article] Thursday 9th of March 2017 12:59:32 AM
....Ms Bradley has been weighing up whether to refer the deal to Ofcom after warning it could pose "public interest considerations" that warranted further investigation. One concern is that the merger would give businessman Rupert Murdoch too much control over the British media landscape. ...
Christian Candy tells court he follows rules on tax exile 'religiously' image
....Property tycoon Christian Candy has described as “artistic exaggeration” a claim he made on film that, if true, would have called into question his status as a Monaco tax exile. The billionaire was testifying in a £132m high court case brought by businessman Mark Holyoake, who alleges that Candy and brother Nick extorted and intimidated him in a dispute over a £12m loan to buy a luxury hotel. ...
Patagonia and The North Face: saving the world – one puffer jacket at a time image
.... Both men started out making their own specialist equipment; both went on to found companies selling outdoor wear; both felt distinctly uncomfortable doing office jobs, and still more uncomfortable running companies. “I’ve been a businessman for almost 60 years,” Chouinard writes in the introduction to Let My People Go Surfing. ...
Trump could end global trade and force choice between US and China, says economist image
....While Britain’s vote to withdraw from the European Union caused shockwaves, Every believes the election of Trump could fundamentally change the trade landscape because of the world’s reliance on the US currency for trade. Every says Trump is approaching the United States as a businessman and that, in the business world, it makes sense to sell more than you buy. ...
The Crusader: Customer challenges dealer over £11,000 SECOND-HAND motor’s breakdown image
. This week it’s businessman Jim Borthwick who has come to the end of the road, and his tether, after paying £11,000 for a six-year-old Subaru hatchback with 80,000 miles on the clock in May last year. ...
Sky takeover: Minister 'minded' to examine Fox takeover image
Source : BBC [Read Article] Friday 3rd of March 2017 12:54:43 PM
....Ms Bradley has asked for evidence from the two companies and will decide later this month whether to intervene. Both Sky and Fox are controlled by businessman Rupert Murdoch, who also owns the Times and the Sun newspapers. ...
Christian Candy 'was hellbent on destroying' former friend's family image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:32:23 PM
. Property billionaires Nick and Christian Candy have been accused of frightening another businessman’s wife so seriously that she took to sleeping in her children’s bedroom, while the family hired armed guards and installed CCTV to protect their home. ...
'I never felt it was mine' image
Source : BBC [Read Article] Monday 27th of February 2017 12:17:45 AM
. Multi-millionaire businessman John Elliott leaves little doubt about his economic patriotism as his Jaguar car nears his factory in north-east England. ...
Canada's Trump? image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:33:29 AM
. An outspoken businessman who found fame on American reality TV is betting the wave of populist sentiment will help him upend Canada's political establishment. ...
Developer claiming £132m   from Candy brothers is accused of 'serial dishonesty' image
. Mark Holyoake, the businessman claiming £132m in damages from the property tycoons Christian and Nicholas Candy, has been accused of “dishonesty and fraud” at London’s high court. ...
Trump envoy says Greece is now more likely to leave the euro image
Source : Guardian [Read Article] Wednesday 8th of February 2017 03:10:19 PM
.... Will it ever end? I think this time I would have to say that the odds are higher that Greece itself will break out of the euro,” Malloch said. The stridently Brexit-supporting businessman, who has yet to be confirmed as the US president’s EU ambassador and is seen by Brussels as a provocative nominee for the post, said he wholeheartedly agreed with Trump’s tweet from 2012 saying Greece should return to the drachma, its former currency. ...
Grexit? Greece again on the brink as debt crisis threatens break with EU image
Source : Guardian [Read Article] Friday 3rd of February 2017 02:36:32 PM
....Complicating matters further is the direction the IMF will take now that President Trump is in power. In his former role as a billionaire businessman, Trump tweeted that the Greeks were “wasting time” in the eurozone. ...
Well-paid bosses should not get knighthoods – says Sir Philip Hampton image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:08 PM
.... The chief executive of the Lloyd’s of London insurance market, Inga Beale, was awarded a damehood, while there were CBEs for designer Anya Hindmarch, Mumsnet co-founder Justine Roberts and Simon Walker, the outgoing boss of the Institute of Directors. Only one City businessman, the former chairman of PwC accountancy firm Ian Powell, received a knighthood. ...
Chinese company Alibaba signs deal to be major sponsor of Olympic Games image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:41:33 PM
. When the Chinese businessman Jack Ma set up a fledgling e-commerce site in 1999 he called it Alibaba, drawing on the universal appeal of the One Thousand And One Nights character and his cry “Open Sesame”, which unlocked a cave containing vast treasures. ...
Moneysupermarket grabs most complained-about ad top spot again image
Source : Guardian [Read Article] Thursday 19th of January 2017 12:01:22 AM
....It was a pretty epic year for Moneysupermarket in the complaints stakes, with three of its ads making the top 10 list and a total of more than 2,500 complaints. The price comparison site’s dance-off between Dave, the businessman who strutted his stuff in denim hotpants and high heels, and builder Colin managed to offend 898 people, taking second place in the complaints list. ...
Army of staff descends on Davos to serve WEF super-rich image
Source : Guardian [Read Article] Friday 13th of January 2017 04:43:08 PM
....The managing director of the International Monetary Fund (IMF) is a firm fixture at the WEF, and will participate in at least three panels at this year’s conference including “Squeezed and Angry: How to fix the middle-class crisis”, and another on how to “challenge stereotypes and institutional inertia to achieve gender parity within our lifetimes”, as well as being keynote speaker on the wider challenges facing the economy this year. Lagarde, formerly a French minister, was recently found guilty of negligence in approving a massive payout of taxpayers’ money to controversial French businessman Bernard Tapie but avoided a jail sentence. ...
Sir David Clementi: City grandee ready to do the business at the BBC image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:40:51 PM
.... The other two on the shortlist were John Makinson, the chairman of the book publisher Penguin Random House, and Dame Deirdre Hutton, the chair of the Civil Aviation Authority. Former BBC bosses, however, reckon Clementi’s reformed structure makes sense and the businessman is well placed to make it work. ...
India's double first in climate battle image
Source : BBC [Read Article] Tuesday 3rd of January 2017 07:41:03 AM
....Here's how it works: . The owner of the chemicals plant, Ramachadran Gopalan, told a BBC Radio 4 documentary: "I am a businessman. ...
Iain Wright, the MP bringing Mike Ashley and Sir Philip Green to book image
Source : Guardian [Read Article] Friday 30th of December 2016 07:00:26 AM
.... While the Sports Direct saga eventually produced some benefit for the poorly paid workers, when the £1m backpay deal was unveiled in August, Wright still seems to view the company’s efforts as a work in progress. Meanwhile, the BHS pension scandal rumbles on into 2017, with Green still promising to “sort” the deficit and the pension regulator launching formal legal proceedings in November against Green and Dominic Chappell, the businessman he sold BHS to for £1. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
....9% share, valuing the club at £175m. The publication of Everton’s 2015-16 accounts last week revealed the Iranian businessman has also provided an interest-free loan of £80m “with no agreed repayment date. ...
Mervyn King: Britain better off going for hard Brexit image
Source : Guardian [Read Article] Monday 26th of December 2016 09:54:01 AM
....”. King’s assessment of Brexit came as it was reported that Wilbur Ross, the billionaire businessman chosen by the US president-elect Donald Trump as his new trade chief, had said earlier this year that Brexit represented a “God-given opportunity” for other countries to take business away from the UK. ...
Meeting notes contradict Murdoch claim not to have asked PMs for help image
Source : Guardian [Read Article] Tuesday 20th of December 2016 06:05:22 PM
....Murdoch told Blair that “a concerted effort by the prime minister and [the then German chancellor, Helmut] Kohl could rein in the commission in this case”, according to the memo. The businessman added: “Sky’s own investment was very significant (£800m so far) and the success of the venture was crucial to their overall plans for developing digital services. ...
Christine Lagarde damaged but able to limp on at IMF image
Source : Guardian [Read Article] Tuesday 20th of December 2016 12:00:09 AM
....”. In different circumstances, the IMF’s board might have given Lagarde the push even though the French court decided not to impose any punishment after finding her guilty of showing negligence over a payout to the businessman Barnard Tapie. ...
IMF chief on trial image
Source : BBC [Read Article] Monday 19th of December 2016 03:16:17 PM
. The head of the International Monetary Fund (IMF), Christine Lagarde, has been found guilty of negligence after a trial in France over compensation awarded in 2008 to Bernard Tapie, a well-connected businessman, when she was finance minister. ...
Christine Lagarde avoids sentence despite guilty verdict in negligence trial image
. Christine Lagarde has been found guilty of negligence in approving a massive payout of taxpayers’ money to controversial French businessman Bernard Tapie but avoided a jail sentence. ...
Christine Lagarde: IMF chief convicted over payout image
Source : BBC [Read Article] Monday 19th of December 2016 02:29:35 PM
....A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence but did not hand down any punishment. As French finance minister in 2008, she approved an award of €404m ($429m; £340m) to businessman Bernard Tapie for the disputed sale of a firm. ...
Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm image
. Rex Tillerson, the businessman nominated by Donald Trump to be the next US secretary of state, was the long-time director of a US-Russian oil firm based in the tax haven of the Bahamas, leaked documents show. ...
Donald Trump faces Senate backlash over ‘cabinet of billionaires’ image
Source : Guardian [Read Article] Sunday 18th of December 2016 12:04:36 AM
....Other controversial big business appointments include Gary Cohn, Goldman Sachs’s president and chief operating officer, named as director of the National Economic Council – or, as Trump put it, his “top economic adviser”. Trump said Cohn, who has worked at Goldman for 26 years and amassed some $200m of the bank’s stock, would “put his talents as a highly successful businessman to work for the American people”. ...

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