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....Christian Dior Couture, which almost exclusively sells its goods through its 198 high-end stores, had revenues of more than 2bn euros last year and profits of 270m euros. Mr Arnault has a fortune of nearly $51bn (£40bn), according to Forbes. ... [Read full article on BBC ]
Tuesday 25th of April 2017 11:31:29 AM
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.... A large man with a shaved head, Zlochevsky wears boxy suits, dislikes fastening the top button of his shirt, and has been a fixture of Ukraine’s public life for two decades. In 2013, according to the Ukrainian news weekly, Focus, which almost certainly understated his fortune, he was Ukraine’s 86th richest man and worth $146m. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 05:00:26 AM
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....Bitcoin has no physical form but the rewards are very tangible; Yang’s home is packed full of expensive gadgetry, most prominently a mega-sized flat screen smart board, over a metre wide, which Yang uses to chart bitcoin’s rise and fall in HD. Normally, the graphs on Yang’s screen show bitcoin’s and his own fortunes going up and up. ... [Read full article on Guardian ]
Tuesday 11th of April 2017 06:00:21 AM
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.... Under that deal, Co-operative Group kept a 20% stake in the bank. But the new owners have struggled to revive the bank's fortunes. ... [Read full article on BBC ]
Thursday 6th of April 2017 06:27:53 AM
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....The 61-year-old former Indian MP entered the UK on a valid passport in March 2016. Mr Mallya made his fortune selling beer under the Kingfisher brand before branching out into aviation and Formula 1 racing. ... [Read full article on BBC ]
Tuesday 18th of April 2017 11:33:56 AM
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....But South-African born Musk doesn’t really do caution. He bought into Tesla at an early stage after making his fortune through the development of tech businesses including PayPal, which made him $165m when it was sold to eBay for $1. ... [Read full article on Guardian ]
Tuesday 4th of April 2017 01:31:56 PM
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Monday 10th of April 2017 09:06:17 AM
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....But there are places where milliseconds do matter. One is the stock market, where fortunes can be won by exploiting an arbitrage opportunity an instant before your competitors. ... [Read full article on BBC ]
Sunday 2nd of April 2017 11:07:44 PM
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....Mr Thiam, who used to head insurance giant Prudential, was awarded 12m Swiss francs in total pay in 2016. He said the decision to reduce top executives' variable compensation reflects "the total confidence" they have in fixing the bank's fortunes. ... [Read full article on BBC ]
Friday 14th of April 2017 01:30:19 AM
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.... Yet the near 6% drop in Tesco’s share price made it the biggest loser in the FTSE 100. In truth, the market reaction is not a criticism of the impressive job that Dave Lewis, chief executive, has done in turning round Tesco’s fortunes since his arrival in 2014. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 12:49:39 PM
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.... The result is that today, thousands of former army houses are managed by a company run from one of the smartest streets in London, and owned by a private equity fund based in Guernsey. In turn, that private equity fund manages billions of pounds for some of the biggest investors in the world, who have made a fortune out of Annington. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:30:38 AM
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. The 26-year-old Duke of Westminster, who is believed to be the world’s richest person under 30 with a £9bn fortune, has been hit by a steep drop in returns on his family’s British property empire, which includes many of the most famous addresses in London’s Mayfair and Belgravia. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:00:42 PM
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....7% in the final quarter. But in a turn of fortunes, City economists are forecasting a tough year ahead, with a sharp slowdown in growth to 0. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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.... “It’s not curing cancer,” said Bakish recently. “Whether Paramount’s lack of success and growth has been by design, ill fortune or incompetence it is hard to know from the outside,” said Wieser. ... [Read full article on Guardian ]
Thursday 30th of March 2017 12:13:26 PM
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....”. Frances Moore, chief executive of IFPI, said that their reversal of fortunes “hasn’t happened by chance; as an industry we’ve had huge innovation and investment to make it happen. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:55:19 PM
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. A US banker has been ordered to pay his ex-wife half of the family’s £140m fortune, after the court of appeal rejected his claim that his “genius” outshone her contribution to the marriage. ... [Read full article on Guardian ]
Tuesday 11th of April 2017 01:07:22 PM
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....Now aged 79, he was placed under formal investigation in France last year. Some of his fortune ended up in property in Marbella and Puerto Banus on the south coast, officials said. ... [Read full article on BBC ]
Tuesday 4th of April 2017 10:56:12 AM
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.... But the balance of economic activity in 2017 would be different. It expects the pound’s drop, along with improving fortunes for the UK’s big trading partners, to spur exports growth, with net trade forecast to add 0. ... [Read full article on Guardian ]
Sunday 9th of April 2017 11:01:21 PM
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....5bn in tax by taking advantage of Trump’s one-off 10% repatriation tax. Other companies sitting on vast fortunes parked offshore include the drugs maker Pfizer, with $193bn, Microsoft, with $124bn, and GM, with $104bn. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 04:00:25 AM
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Saturday 15th of April 2017 08:59:21 AM
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.... Extradition hearing in Court started today as expected. India’s prime minister, Narendra Modi, has made it a priority to bring Mallya, who made most of his fortune from Kingfisher beer and spirits, back to the country to stand trial over an estimated 94bn rupees (£1bn) of debt owed to state-owned banks after the collapse of Kingfisher Airlines in 2012. ... [Read full article on Guardian ]
Tuesday 18th of April 2017 12:31:31 PM
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....Born in East Sussex to a wealthy family, the 49-year-old has a Conservative pedigree. Her grandfather, Antony Fisher, made his fortune importing intensive chicken farming from the US to the UK; he used his millions to help set up right-leaning thinktanks and lobby groups, such as the Institute of Economic Affairs (IEA) and the Adam Smith Institute. ... [Read full article on Guardian ]
Thursday 13th of April 2017 03:02:53 PM
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.... I’ve just gone along with it. ” The same approach appears to have cost her dearly when it came to investing the fortune they made together. ... [Read full article on Guardian ]
Saturday 1st of April 2017 03:00:28 PM
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.... It has benefited from expansion in Europe, coupled with a focus on what it called the more “aspirational” end of the market. The difference in the two companies’ fortunes will be all the more galling for Ashley, who sold £12. ... [Read full article on Guardian ]
Sunday 9th of April 2017 06:00:00 AM
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.... Damn. Because I feel I must stick to some priciples, and I’m still enraged with Shirley Porter, the heiress to the Tesco fortune, who was responsible for the “homes for votes” scandal when she was leader of Westminster council. ... [Read full article on Guardian ]
Monday 17th of April 2017 01:08:04 PM
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.... The delay appears to have been caused, in part at least, by this. That said, 10 months is a long time and it must have cost a fortune in hire car bills. ... [Read full article on Guardian ]
Sunday 2nd of April 2017 06:00:46 AM
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....What’s going for it? Were Adam Smith to be reincarnated here in his home town (as a till-worker at Lidl, perhaps) he might come to different conclusions about the free market. The wealth of nations is in short supply in Kirkcaldy today: the hidden hand of capitalism is hidden indeed and the trickle-down of good fortune to those in need is more of a dribble. ... [Read full article on Guardian ]
Friday 7th of April 2017 03:30:14 PM
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.... George Osborne, who leaves the grand stage of the Commons at the age of 45 saying, “I want new challenges”, was a gamer, departing now to throw his dice in journalism and the City. It was the grave misfortune of so many millions that the sport he and his old friend David Cameron enjoyed for a while was playing with lesser people’s lives in the great game of politics. ... [Read full article on Guardian ]
Thursday 20th of April 2017 10:47:41 AM
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Latest Finance News related to Fortune

Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
. The 26-year-old Duke of Westminster, who is believed to be the world’s richest person under 30 with a £9bn fortune, has been hit by a steep drop in returns on his family’s British property empire, which includes many of the most famous addresses in London’s Mayfair and Belgravia. ...
How streaming saved the music: global industry revenues hit £12bn image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:55:19 PM
....”. Frances Moore, chief executive of IFPI, said that their reversal of fortunes “hasn’t happened by chance; as an industry we’ve had huge innovation and investment to make it happen. ...
Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
....Christian Dior Couture, which almost exclusively sells its goods through its 198 high-end stores, had revenues of more than 2bn euros last year and profits of 270m euros. Mr Arnault has a fortune of nearly $51bn (£40bn), according to Forbes. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... George Osborne, who leaves the grand stage of the Commons at the age of 45 saying, “I want new challenges”, was a gamer, departing now to throw his dice in journalism and the City. It was the grave misfortune of so many millions that the sport he and his old friend David Cameron enjoyed for a while was playing with lesser people’s lives in the great game of politics. ...
Force India F1 team boss Vijay Mallya arrested in London image
Source : Guardian [Read Article] Tuesday 18th of April 2017 12:31:31 PM
.... Extradition hearing in Court started today as expected. India’s prime minister, Narendra Modi, has made it a priority to bring Mallya, who made most of his fortune from Kingfisher beer and spirits, back to the country to stand trial over an estimated 94bn rupees (£1bn) of debt owed to state-owned banks after the collapse of Kingfisher Airlines in 2012. ...
Indian tycoon Vijay Mallya bailed in UK image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:33:56 AM
....The 61-year-old former Indian MP entered the UK on a valid passport in March 2016. Mr Mallya made his fortune selling beer under the Kingfisher brand before branching out into aviation and Formula 1 racing. ...
Can’t we stop colossal firms taking over small businesses? image
Source : Guardian [Read Article] Monday 17th of April 2017 01:08:04 PM
.... Damn. Because I feel I must stick to some priciples, and I’m still enraged with Shirley Porter, the heiress to the Tesco fortune, who was responsible for the “homes for votes” scandal when she was leader of Westminster council. ...
Credit Suisse bosses offer to cut their own bonuses by 40% image
Source : BBC [Read Article] Friday 14th of April 2017 01:30:19 AM
....Mr Thiam, who used to head insurance giant Prudential, was awarded 12m Swiss francs in total pay in 2016. He said the decision to reduce top executives' variable compensation reflects "the total confidence" they have in fixing the bank's fortunes. ...
Rachel Whetstone: from Tory power broker to Silicon Valley PR guru image
Source : Guardian [Read Article] Thursday 13th of April 2017 03:02:53 PM
....Born in East Sussex to a wealthy family, the 49-year-old has a Conservative pedigree. Her grandfather, Antony Fisher, made his fortune importing intensive chicken farming from the US to the UK; he used his millions to help set up right-leaning thinktanks and lobby groups, such as the Institute of Economic Affairs (IEA) and the Adam Smith Institute. ...
Employment is high, skills are in demand. So why is pay still not rising? | Larry Elliott image
.... Yet the near 6% drop in Tesco’s share price made it the biggest loser in the FTSE 100. In truth, the market reaction is not a criticism of the impressive job that Dave Lewis, chief executive, has done in turning round Tesco’s fortunes since his arrival in 2014. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
....5bn in tax by taking advantage of Trump’s one-off 10% repatriation tax. Other companies sitting on vast fortunes parked offshore include the drugs maker Pfizer, with $193bn, Microsoft, with $124bn, and GM, with $104bn. ...
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 US banker has been ordered to pay his ex-wife half of the family’s £140m fortune, after the court of appeal rejected his claim that his “genius” outshone her contribution to the marriage. ...
Meet the millennials making big money riding China's bitcoin wave image
Source : Guardian [Read Article] Tuesday 11th of April 2017 06:00:21 AM
....Bitcoin has no physical form but the rewards are very tangible; Yang’s home is packed full of expensive gadgetry, most prominently a mega-sized flat screen smart board, over a metre wide, which Yang uses to chart bitcoin’s rise and fall in HD. Normally, the graphs on Yang’s screen show bitcoin’s and his own fortunes going up and up. ...
New £1 coin: Your coins could be worth a small fortune online image
Source : Independent [Read Article] Monday 10th of April 2017 08:29:00 AM
...
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Price rises and pay figures to underline Brexit strain on Britons image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:01:21 PM
.... But the balance of economic activity in 2017 would be different. It expects the pound’s drop, along with improving fortunes for the UK’s big trading partners, to spur exports growth, with net trade forecast to add 0. ...
Tesco looks to draw a line under accounting scandal image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
.... It has benefited from expansion in Europe, coupled with a focus on what it called the more “aspirational” end of the market. The difference in the two companies’ fortunes will be all the more galling for Ashley, who sold £12. ...
Let’s move to Kirkcaldy, Fife: a beautiful bay and an excellent farmers’ market image
....What’s going for it? Were Adam Smith to be reincarnated here in his home town (as a till-worker at Lidl, perhaps) he might come to different conclusions about the free market. The wealth of nations is in short supply in Kirkcaldy today: the hidden hand of capitalism is hidden indeed and the trickle-down of good fortune to those in need is more of a dribble. ...
Co-op Group makes loss as bank stake written off image
Source : BBC [Read Article] Thursday 6th of April 2017 06:27:53 AM
.... Under that deal, Co-operative Group kept a 20% stake in the bank. But the new owners have struggled to revive the bank's fortunes. ...
Tesla charges ahead to overtake Ford in market value image
Source : Guardian [Read Article] Tuesday 4th of April 2017 01:31:56 PM
....But South-African born Musk doesn’t really do caution. He bought into Tesla at an early stage after making his fortune through the development of tech businesses including PayPal, which made him $165m when it was sold to eBay for $1. ...
Spanish raids seize Assad uncle's assets in corruption inquiry image
Source : BBC [Read Article] Tuesday 4th of April 2017 10:56:12 AM
....Now aged 79, he was placed under formal investigation in France last year. Some of his fortune ended up in property in Marbella and Puerto Banus on the south coast, officials said. ...
Tick tock image
Source : BBC [Read Article] Sunday 2nd of April 2017 11:07:44 PM
....But there are places where milliseconds do matter. One is the stock market, where fortunes can be won by exploiting an arbitrage opportunity an instant before your competitors. ...
The RAC has blown my chances of driving our super-reliable Toyota image
Source : Guardian [Read Article] Sunday 2nd of April 2017 06:00:46 AM
.... The delay appears to have been caused, in part at least, by this. That said, 10 months is a long time and it must have cost a fortune in hire car bills. ...
How Karen Millen lost the battle for her name – and her fortune image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
.... I’ve just gone along with it. ” The same approach appears to have cost her dearly when it came to investing the fortune they made together. ...
Paramount looks to Disney model to recover after string of flops image
Source : Guardian [Read Article] Thursday 30th of March 2017 12:13:26 PM
.... “It’s not curing cancer,” said Bakish recently. “Whether Paramount’s lack of success and growth has been by design, ill fortune or incompetence it is hard to know from the outside,” said Wieser. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
.... On the last stop of the tour, they inflated a giant pig outside the offices of AQR Capital Management, an investment firm that received a $35m state handout after it threatened to leave Connecticut. AQR’s founder is Cliff Asness, a hardcore libertarian with a $3bn fortune who believes blame for the financial crisis rests squarely on “all-intrusive” government intervention. ...
Snapchat 'will be bigger than Twitter, Yahoo and AOL with advertisers' image
....While Snap’s IPO has made 26-year-old co-founder Evan Spiegel the world’s youngest billionaire with a $5. 5bn fortune, his business remains heavily loss-making. ...
Contrasting fortunes for island property image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:23:51 AM
. House prices in the Scottish isles have witnessed contrasting fortunes in the past year - putting them at extreme ends of UK property price movements. ...
US billionaire philanthropist David Rockefeller dies at 101 image
Source : BBC [Read Article] Monday 20th of March 2017 07:01:10 PM
.... . The centenarian was at the helm of his family's fortune, controlling both philanthropic and business interests. ...
Bill Gates tops Forbes' rich list but Trump's wealth slips image
Source : BBC [Read Article] Monday 20th of March 2017 05:17:00 PM
....Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14. ...
How a £1 million inheritance slipped from our family’s grasp image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....When Sybil Jenazian died last year it was no surprise that her estate was worth a tidy sum. Her Armenian father had made a fortune in the Lancashire cotton trade and left most of it to Sybil. ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
....Ortega, 80, is still the biggest shareholder in Galicia-based Inditex and will receive the cash as dividend payments after the company revealed record financial results for 2016. The world’s fourth richest person and the wealthiest European, Ortega has a fortune estimated at $71. ...
Ikea drivers living in trucks for months image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:20 AM
.... . "There is a road safety risk, and the Treasury is losing a fortune in tax revenue. ...
Wanda's deal for Golden Globe firm collapses image
Source : BBC [Read Article] Monday 13th of March 2017 02:28:41 PM
.... . But the slowdown in China's economic fortunes has made the government more cautious. ...
Glad to be sacked image
Source : BBC [Read Article] Monday 13th of March 2017 12:12:20 AM
....Such has been the growth of the business since it was founded in 2008 that it was bought in 2015 by wine giant Majestic for £70m. The deal made Mr Gormley many millions, but instead of retiring to count his cash, he was given the top job at Majestic, and tasked with turning around its fortunes after three years of poor sales and weak profits at its UK stores and website. ...
Bang went Christmas as Domestic & General left us without a cooker image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
....I don’t want others to have to go through what we have had to endure. It has cost a fortune in time and phone calls – and a lot of upset and frustration – and is still not resolved. ...
What’s the best way to teach my daughter to drive? image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
....Our 17-year-old daughter is set to learn to drive. Should I start her off or let the instructor do it all? He says two-hour lessons are best – is he right? Should they be over a period of months or condensed? Any tips on how to do it without spending a fortune?. ...
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Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
. Co-operative Bank has reported its fifth consecutive year of losses and warned of more branch closures and job losses as its struggles to restore its fortunes following its tie-up with Britannia Building Society. ...
Hammond was a picture of relaxed swagger – because he was in the ring alone image
.... But there was evidence throughout the speech, in both what was said and not said. What, for example, is the factor that more than any other will determine Britain’s economic fortunes in the coming years? It’s obviously Brexit, with the triggering of article 50 imminent. ...
Violent criminals get off lighter than people late with their water bill image
.... But if she were a younger person the default notice would in effect bar her from taking out an affordable mortgage for six years. She would be thrown into the hands of sub-prime lenders who would charge her a fortune to borrow. ...
The smaller the better? image
Source : BBC [Read Article] Friday 3rd of March 2017 12:08:53 AM
....The firm was focused on desktop computers and printers, as demand for mobiles and tablets was taking off. Its fortunes started to decline with a series of expensive and much criticised acquisitions, including Compaq for $25bn in 2002, consultants EDS for $14bn in 2008 and Autonomy for $11bn in 2011. ...
Asda imposes harsher terms on suppliers after pound's Brexit slide image
Source : Guardian [Read Article] Thursday 2nd of March 2017 10:25:36 AM
....”. Asda has been under intense pressure to reverse its fortunes after food shoppers flocked to discounters Aldi and Lidl and customers looking for cheap clothes migrated to Primark. ...
Philip Green owes us BHS workers much more than ‘up to’ £363m | Grant Atterbury image
.... Business practices are constantly evolving to suit the needs of the greedy at the expense of those on the shopfloor and this has to be stopped. The fat cats amass their fortunes on the backs of people who are now viewed as little more than shop fixtures. ...
Raising pension age will mean many people die before getting it, say MPs image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:01:21 AM
....It found that gains from property, private pensions and higher benefits have pushed incomes of retirees above working families for first time. This reversal of fortunes is not true of all retirees but relates to those who have an occupational pension, own their home and may also be still be earning. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
....Rather than set up shop with a fanfare on New York’s Fifth Avenue, the retailer quietly debuted in a suburban Detroit mall in 2014. “We opened in the Midwest on the basis a clever location fifth avenue would cost a fortune and wouldn’t necessarily be replicable. ...
MWC 2017: Sony launches slow-mo Xperia XZ Premium phone image
Source : BBC [Read Article] Monday 27th of February 2017 07:45:47 AM
....The new phone was unveiled alongside several lower specification devices on the first day of the Mobile World Congress trade show in Barcelona. "Despite this being one of the best devices at MWC, I don't see it changing Sony's fortunes," commented Francisco Jeronimo, from the market research firm IDC. ...
'I never felt it was mine' image
Source : BBC [Read Article] Monday 27th of February 2017 12:17:45 AM
....Ebac is based in the County Durham town of Newton Aycliffe, just a few miles from where Mr Elliott was born, and he has ensured that it will remain that way - in perpetuity. Instead of his two daughters inheriting the business and his £70m fortune when he dies, in 2012 he handed ownership of the company over to a trust, the Ebac Foundation. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
....The development charity worked out that the four richest Indonesians – led by brothers Budi and Michael Hartono – control $25bn of assets, which is roughly equal to the wealth of the poorest 40% of Indonesia’s 250 million population. The charity said the Hartonos – who own a clove cigarette company – could earn enough interest on their fortune in a year to eradicate extreme poverty in Indonesia. ...
Canada's Trump? image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:33:29 AM
.... So the policies he is pushing forward are not mine. Canada is a very inclusive country," says O'Leary, who made the bulk of his estimated $300m (£240m) fortune in 1999, by selling a software company he founded. ...
World's largest sailing yacht impounded in Gibraltar image
Source : Guardian [Read Article] Monday 20th of February 2017 05:29:18 PM
....A spokesman for Melnichenko, who controls a $13. 2bn fertiliser and coal fortune, said the shipbuilder’s decision to file court papers for the yacht to be impounded was “an astounding act for a shipbuilder of Nobiskrug’s standing”. ...
Made in the UK goods could cost more as import prices rise image
Source : Guardian [Read Article] Monday 20th of February 2017 01:17:41 PM
....The CBI, which conducted the survey, said stronger demand and higher production showed the manufacturing industry remained in rude health. But it warned the chancellor, Philip Hammond, that the government would need to step in to alleviate rising cost pressures to prevent a reversal of fortunes. ...
Kraft Heinz withdraws Unilever takeover bid image
Source : Guardian [Read Article] Sunday 19th of February 2017 05:28:53 PM
....The share price in both firms may be expected to slide back on Monday, after surging on news of the offer on Friday. Buffett’s fortune was briefly boosted by another $5. ...
The Unilever-Kraft Heinz takeover: the three key players image
Source : Guardian [Read Article] Friday 17th of February 2017 05:30:54 PM
....He has been married twice and has three children. A co-founder of private equity giant 3G Capital, Jorge Paulo Lemann is ranked the world’s 19th richest man and Brazil’s wealthiest, with a fortune estimated at $29. ...
Pensioners '£20 a week better off' on average than workers image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
....Research published by the Resolution Foundation found that in 2001 households relying on pensioner income were £70 a week less well off than those in work. This reversal of fortunes is not true of all retirees but relates to those who have an occupational pension, own their home and may also be still be earning. ...
No place like home: America’s eviction epidemic image
Source : Guardian [Read Article] Sunday 12th of February 2017 10:00:03 AM
.... Those ties were banked, saved for emergency situations or opportunities to get ahead. People were careful not to overdraw their account because when family members with money grew exhausted by repeated requests, they sometimes withheld support for long periods of time, pegging their relatives’ misfortunes to individual failings. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... Far from draining the swamp, he is opening the sluicegates; the money men are not so much being hurled out as in full occupation of the economic citadel. Goldman Sachs’ number two, Gary Cohn, is to be Trump’s chief economic adviser; his Treasury secretary, Steve Mnuchin, was 20 years at Goldman Sachs before running OneWest Bank, which made a fortune by improperly foreclosing on mortgages in ethnic minority communities after the financial crisis. ...
Men earn £12,500 less in 20s than generation before, research shows image
Source : Guardian [Read Article] Thursday 9th of February 2017 12:01:07 AM
.... Millennials today are the first to earn less than their predecessors. While that in part reflects their misfortune to come of age in the midst of a huge financial crisis, there are wider economic forces that have seen young men in particular slide back,” he will say. ...
Is Snapchat the new Facebook? image
Source : Guardian [Read Article] Friday 3rd of February 2017 07:13:50 PM
....Snapchat hopes its planned flotation in New York will value the five-year-old photo-sharing app company at up to $25bn (£20bn) and turn its 26-year-old founder, Evan Spiegel, into the world’s youngest billionaire with a $5. 5bn fortune. ...
Brad Stone: ‘We should watch Uber and Airbnb closely’ image
Source : Guardian [Read Article] Sunday 29th of January 2017 08:00:18 AM
.... They had to be politicians, as well as innovators and managers. Are the fortunes and efficiencies created by these companies worth the price paid by the disrupted?I think so – as long as they follow on their promises. ...
Don’t throw your money on home emergency and key cover insurance – Patrick Collinson image
....Aviva says it has only recently begun to sell home emergency cover, and that it expects its claims frequency to rise. It also argues that its buying power means it obtains cheaper rates from tradespeople than normal householders who would pay a fortune for an emergency call-out arranged privately. ...
British Steel to reverse salary cut for workers agreed under Tata image
Source : Guardian [Read Article] Wednesday 25th of January 2017 06:41:37 PM
....Greybull is understood to believe it can reach an underlying profit of more than £100m by its third year of ownership. British Steel’s revived fortunes have resulted in it pledging to reverse a 3% salary cut agreed with 4,400 employees to help save the steelworks. ...
Hurrah for the industrial strategy. At last Britain has a plan image
Source : Guardian [Read Article] Sunday 22nd of January 2017 06:59:23 AM
....He may well turn out to be right in some or all of his views. But timing in markets is everything, as Soros, who made a fortune by betting against the pound on Black Wednesday in 1992, knows. ...
Is the FTSE heading for the crash of 2017? image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
....So what am I doing about the risk of the FTSE crashing? Zilch. Like the vast majority of Brits, my fortune is almost entirely wrapped up in a company pension scheme. ...
Jaguar Land Rover fined £900,000 after worker lost leg in accident image
Source : Guardian [Read Article] Thursday 19th of January 2017 06:43:34 PM
....John Glynn, an HSE inspector, said: “A worker has been left with life-changing injuries that were completely avoidable. It was only good fortune that prevented this from being a fatal accident. ...
Brexit jitters mean less junk mail (and less money for the Royal Mail) image
Source : Guardian [Read Article] Thursday 19th of January 2017 03:20:30 PM
....Royal Mail warned in November that it had experienced a drop-off in marketing business – better known as junk mail – both before and after the EU referendum, as firms reined in spending. While it did not directly reference Brexit in its latest update, sources familiar with the postal service’s fortunes said advertising and corporate correspondence are being choked off by corporate jitters over the UK’s future EU relationship. ...

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