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....Poundland claims in the court documents that the shape of Twin Peaks “is new and creates a different overall impression upon the informed user”, adding that it had successfully applied for a UK-registered design protection of the bar’s double-humped shape, which is supposedly inspired by the Wrekin, a hill in Shropshire near the company’s head office. The document claims that the soft “formless packaging” of Twin Peaks, and its clearly different name and shape, mean “no member of the relevant public would mistake one for the other”. ... [Read full article on Guardian ]
Thursday 17th of August 2017 05:00:03 AM
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....”. The foundation uses five-year rolling periods to try to provide a long-term analysis of the costs that banks face to rectify past mistakes, a major theme of the last 10 years, when they were also hit by penalties for rigging foreign exchange markets and interest rates (Libor). ... [Read full article on Guardian ]
Monday 14th of August 2017 05:28:32 PM
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....The shares donated represent about 5% of his current $90bn fortune. The gift reduces Gates’s stake in Microsoft, which the 61-year-old co-founded in 1975, to just 1. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:30:31 PM
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.... The thinktank estimates that, to achieve parity in gender balance, more than 12,000 women would have to apply for elected positions on councils. The shortfall means many policies that have a direct impact on women’s lives are being drafted at the local level by male councillors with little practical experience of the issues at stake. ... [Read full article on Guardian ]
Saturday 19th of August 2017 11:05:27 PM
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.... In 2016 Wanda bought Legendary Entertainment for $3. 5bn, having become the world’s biggest cinema operator in 2012 with its purchase of a majority stake in US chain AMC for $2. ... [Read full article on Guardian ]
Friday 18th of August 2017 05:32:17 PM
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.... In March, 158 branches – largely NatWest – were earmarked for closure as customers switched to digital channels. The bank is on track to report 10 consecutive years of annual losses when it publishes its results for 2017 next February, and the chancellor, Philip Hammond, has conceded that the taxpayer stake will probably be sold at a loss. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 02:33:43 PM
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.... These funding reductions were made at short notice and required significant changes to the business for it to remain viable. “Our new senior management team, with the support of our stakeholders, has moved quickly to ensure the business responds to the challenges this poses. ... [Read full article on Guardian ]
Thursday 17th of August 2017 09:24:49 AM
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.... The company is still facing the prospect of criminal charges and a potential $47bn settlement over the worst environmental disaster in Brazilian history. More recently, BHP came under attack from activist hedge fund Elliott Advisors, which has built up a 5% stake as it bids to force executives to rethink the firm’s strategy. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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.... Around 3% of householders questioned said they had given up chasing their energy company. Claire Osborne, energy expert at uSwitch, said customers were paying for suppliers’ mistakes. ... [Read full article on Guardian ]
Saturday 19th of August 2017 06:00:06 AM
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Latest Finance News related to Stake

BHP’s shale sale could happen: this is not a drill image
Source : Guardian [Read Article] Sunday 20th of August 2017 06:00:35 AM
.... The company is still facing the prospect of criminal charges and a potential $47bn settlement over the worst environmental disaster in Brazilian history. More recently, BHP came under attack from activist hedge fund Elliott Advisors, which has built up a 5% stake as it bids to force executives to rethink the firm’s strategy. ...
Councils need 12,000 more women to close gender gap image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:27 PM
.... The thinktank estimates that, to achieve parity in gender balance, more than 12,000 women would have to apply for elected positions on councils. The shortfall means many policies that have a direct impact on women’s lives are being drafted at the local level by male councillors with little practical experience of the issues at stake. ...
Energy customers overpaying to the tune of £102m image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
.... Around 3% of householders questioned said they had given up chasing their energy company. Claire Osborne, energy expert at uSwitch, said customers were paying for suppliers’ mistakes. ...
China moves to curb overseas acquisitions as firms' debt levels rise image
Source : Guardian [Read Article] Friday 18th of August 2017 05:32:17 PM
.... In 2016 Wanda bought Legendary Entertainment for $3. 5bn, having become the world’s biggest cinema operator in 2012 with its purchase of a majority stake in US chain AMC for $2. ...
Learndirect blames government cuts for damning Ofsted report image
Source : Guardian [Read Article] Thursday 17th of August 2017 09:24:49 AM
.... These funding reductions were made at short notice and required significant changes to the business for it to remain viable. “Our new senior management team, with the support of our stakeholders, has moved quickly to ensure the business responds to the challenges this poses. ...
Toblerone shape not distinctive enough for trademark, Poundland claims image
Source : Guardian [Read Article] Thursday 17th of August 2017 05:00:03 AM
....Poundland claims in the court documents that the shape of Twin Peaks “is new and creates a different overall impression upon the informed user”, adding that it had successfully applied for a UK-registered design protection of the bar’s double-humped shape, which is supposedly inspired by the Wrekin, a hill in Shropshire near the company’s head office. The document claims that the soft “formless packaging” of Twin Peaks, and its clearly different name and shape, mean “no member of the relevant public would mistake one for the other”. ...
Bill Gates gives $4.6bn to charity in biggest donation since 2000 image
Source : Guardian [Read Article] Tuesday 15th of August 2017 05:30:31 PM
....The shares donated represent about 5% of his current $90bn fortune. The gift reduces Gates’s stake in Microsoft, which the 61-year-old co-founded in 1975, to just 1. ...
RBS preparing to cut nearly 900 IT jobs, says union image
Source : Guardian [Read Article] Tuesday 15th of August 2017 02:33:43 PM
.... In March, 158 branches – largely NatWest – were earmarked for closure as customers switched to digital channels. The bank is on track to report 10 consecutive years of annual losses when it publishes its results for 2017 next February, and the chancellor, Philip Hammond, has conceded that the taxpayer stake will probably be sold at a loss. ...
World's biggest banks face £264bn bill for poor conduct image
Source : Guardian [Read Article] Monday 14th of August 2017 05:28:32 PM
....”. The foundation uses five-year rolling periods to try to provide a long-term analysis of the costs that banks face to rectify past mistakes, a major theme of the last 10 years, when they were also hit by penalties for rigging foreign exchange markets and interest rates (Libor). ...
Diamond tycoon Beny Steinmetz detained in fraud inquiry image
Source : Guardian [Read Article] Monday 14th of August 2017 01:13:14 PM
....Steinmetz and BSGR claim to have won the right to extract iron ore in Guinea in return for a pledge to invest $165m (£127m) in an exploration programme in the Simandou region of the country in 2008. The company announced 18 months later that it had sold half its stake for $2. ...
Telit Communications chief fired after fraud allegations image
Source : Guardian [Read Article] Monday 14th of August 2017 11:30:14 AM
....”. Cats sold £24m of stock in May soon after the shares hit a record high of 375p, and bought back shares last week at 171p, increasing his stake to more than 12%. ...
Trump trade investigation will 'poison' relations with China, media warns image
....The China Daily said it was unfair for Trump to put the burden on China for dissuading Pyongyang from its actions. “By trying to incriminate Beijing as an accomplice in [North Korea’s] nuclear adventure and blame it for a failure that is essentially a failure of all stakeholders, Trump risks making the serious mistake of splitting up the international coalition that is the means to resolve the issue peacefully,” it said. ...
How the crash discredited the Anglo-US democratic model | Will Hutton image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
.... Ten years on, it is clear that the anti-state ideologues were defending the indefensible. It was not just that a bad idea about how to organise capitalism has survived despite the evidence of its failure, it is that a cluster of western liberal values, closely and mistakenly interlinked with the rise of finance capitalism, got sucked into the general condemnation. ...
Danny Glover and Bernie Sanders seek France's help after Nissan union vote image
Source : Guardian [Read Article] Saturday 12th of August 2017 02:22:17 PM
....Nissan and France’s Renault share a deep alliance, with each company owning shares in the other and sharing a chief executive officer, Carlos Ghosn. The French government owns a close to 20% stake in Renault. ...
REVEALED: The shock return on £15,000 saved in cash in 2007  image
Source : Daily Express [Read Article] Saturday 12th of August 2017 11:01:00 AM
.... Look at annual and ongoing charges, as well as any exit fees charged by platforms. It can be alarming when your investments are falling, but selling too early and locking in losses is a mistake that many investors make. ...
Let’s move to Preston, Lancashire: parched peas and plenty of trains image
Source : Guardian [Read Article] Friday 11th of August 2017 03:30:19 PM
.... Great Victorian semis and town houses south of Watling Street Road, Higher and Lower Bank Roads conservation area, and around Garstang/Lytham Road, and in Ashton-on-Ribble. Detached suburbans south from Penwortham to Whitestake and New Longton, north in Fulwood, Ingol, Cottam. ...
New Tata Steel scheme secures pensions for 130,000 workers image
Source : Guardian [Read Article] Friday 11th of August 2017 08:48:29 AM
.... “This proposal brings greater certainty for pension scheme members and unlocks the possibility of restructuring the company, which in turn could lead to preserving jobs,” said Lesley Titcomb, the chief executive of TPR. The broad outline of the deal was announced in May when Tata agreed it would pump £550m into the British Steel pension scheme, which would also take a 33% stake in Tata’s UK business. ...
News Corp posts $817m loss after falls in value of newspaper and pay TV assets image
....Although the company is increasingly reliant on its real estate property arm for growth, the REA Group’s net profit was down almost 20% from last year to $206m. The global company wrote down the value of its 50% stake in pay TV company Foxtel by $290m as well as cut the value of The Australian, The Daily Telegraph and The Herald Sun by 40%. ...
For the first time ever I am defending banks. Here’s why | John Harris image
.... So plenty of banks are starting to shift parts of their business outside London, to a surprisingly muted response. Philip Hammond, the chancellor, seems to know roughly what is at stake, but swaths of the Conservative party – that historic redoubt of traders, brokers and high-rollers – seem surprisingly unconcerned. ...
Battle for power at Uber as investor sues ex-CEO Travis Kalanick alleging fraud image
....A spokesperson for Kalanick called the suit “completely without merit and riddled with lies and false allegations”. The statement accused Benchmark of “acting in its own best interests contrary to the interests of Uber, its employees and its other shareholders”, and said that Kalanick “will continue to act in the interests of Uber and all of its stakeholders”. ...
Lego replaces British chief after just eight months at helm image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:51:57 PM
.... The toy bricks are now sold in more than 130 countries, with China earmarked as a target for major growth. The company is still controlled by the founding Kristensen family, which has a 75% stake. ...
Co-operative Bank sheds 25,000 current account customers but losses shrink image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:25:02 AM
....6bn of losses since its problems were uncovered and will only say it hopes to achieve profitability in the medium term. After a series of rescue funds injected by hedge funds, the bank’s former owner, the Co-operative Group of grocers and funeral homes, is on course for its stake to drop to 1%. ...
Armed police called to Heathrow over British Airways flight delay image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:22:04 AM
.... Staff nowhere to be seen & when you find them they are so rude. Their mistakes have cost me 3 days away!!. ...
Bank of England to name conflicts officer to vet appointments image
Source : Guardian [Read Article] Wednesday 9th of August 2017 11:22:09 AM
....The Bank also includes detail of how other conflicts of interest are handled. The Unison general secretary, Dave Prentis, a non-executive director of court, recuses himself from discussions on the Co-operative Bank because of his position on the board of Unity Trust Bank, in which Co-op used to have a 26% stake. ...
Alistair Darling: 'RBS said it would run out of money in early afternoon' image
Source : Guardian [Read Article] Wednesday 9th of August 2017 07:59:03 AM
....Lord Darling said there would have been “blind panic” had the government not intervened. RBS was bailed out by taxpayers later that year, and the government still owns a 71% stake in the bank. ...
Netflix and Amazon on edge as Disney plans own streaming service image
Source : Guardian [Read Article] Tuesday 8th of August 2017 10:48:36 PM
....99 a month and specialising in kids’ and family content from Bambi and The Jungle Book to Pixar’s Toy Story franchise, as well as more modern blockbusters such as the Pirates of the Caribbean series. Disney gained the capability to launch the new streaming service thanks to its purchase of a majority stake in BAMTech, a subsidiary of MLBAM, the internet arm of Major League Baseball. ...
British cycling brand Rapha sold to Walmart heirs for £200m image
Source : Guardian [Read Article] Monday 7th of August 2017 06:05:09 PM
.... They are grandchildren of Sam Walton, founder of Walmart. The sale values Mottram’s stake in the business at £25m, although the company said he would retain a “significant part” of his shareholding and would remain chief executive of the business. ...
Inheritance tax: The secret loopholes to help protect YOUR money from dreaded death duties image
....Certain shares listed on the Alternative Investment Market (Aim) benefit from a tax-break called business property relief (BPR). And it allows investors to side-step liabilities when they pass on stakes to families and loved ones. ...
Staff at Tesco-owned One Stop demand better redundancy deal image
Source : Guardian [Read Article] Sunday 6th of August 2017 01:10:10 PM
.... In June its chief executive, Dave Lewis, said 1,200 head office jobs were on the line and that its Cardiff call centre would also close early next year, with a loss of 1,100 jobs. The supermarket chain is also selling off assets to shore up its finances and the latest plans for disposals include a remaining stake in Lazada, the fast-growing south-east Asian online retailer, to China’s Alibaba in a deal that could be worth up to £200m. ...
John Malone, the ‘swamp alligator’ chewing up the UK’s media market image
....In 2004, when Murdoch was de-listing News Corp from the Australian stock market so it could list in New York, a small window appeared when hugely valuable voting shares, through which the Murdochs maintain control of their empire, suddenly became available. Malone secretly built up a stake of about 18% in News Corp votes, becoming its second-largest shareholder and threatening the family’s cast-iron grip. ...
Martin Shkreli found guilty of fraud by jury in New York image
Source : Guardian [Read Article] Friday 4th of August 2017 06:56:43 PM
....” On Thursday, @SamTheManTP tweeted: “Trump has been flawless since election. Not one mistake made, pretty amazing. ...
RBS plans move to Amsterdam for post-Brexit EU hub image
Source : Guardian [Read Article] Friday 4th of August 2017 06:44:41 AM
.... On Thursday, the governor of the Bank of England, Mark Carney, said Brexit was starting to affect business decisions. But McEwan said the results demonstrated a reason to own RBS shares, which is important if the chancellor, Philip Hammond, is to be able to sell off any more on top of the 5% stake sold in August 2015 at a £1bn loss. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
....” His solution was to import the best practices of other economies, particularly Germany, which he admired for its more patient, more socially inclusive economic approach. He called his vision “stakeholder” capitalism. ...
Next shares climb 10% on news of online sales surge during heatwave image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:49:40 PM
.... Less than two years ago they were changing hands at £80. In March, Next had reported its first drop in annual profits in eight years as the sluggish clothing market was compounded by mistakes of its own making. ...
Sports Direct loses biggest independent investor image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:40:54 PM
....The Guardian has learned Standard Life, the largest independent investor at last year’s annual meeting, has bailed out of the stock, selling its entire 5. 8% holding, and Aviva said it had sold down its stake. ...
The Bank keeps hinting at a rate rise. Markets will only listen for so long image
.... The irony is that the president is delivering for the rich but not for working people, and seems oblivious to the risk of a stock market crash as reality sets in. If he thinks this is the start of a beautiful friendship he is mistaken. ...
Executive wages may have fallen, but the case for pay ratios is even stronger image
.... Even so, its numbers were a sharp improvement on a period a year ago that included the supposed bonanza of the Euro football tournament. Gambling, it seems, remains a resilient business – at least until stakes are cut on those electronic roulette machines. ...
Why Brits got the bug for holiday sickness scams image
Source : Guardian [Read Article] Monday 31st of July 2017 05:19:53 PM
.... There are also many in the industry who feel that talking about the issue is only going to make it worse; that once more tourists hear how much money is involved, they will treat it as an instruction manual. Between the dishonest claims and the honest ones – which, everyone is at pains to stress, do exist – there is a third category: the merely mistaken. ...
Discovery Communications to buy Scripps Networks for close to $12bn image
Source : Guardian [Read Article] Monday 31st of July 2017 01:42:25 PM
....Discovery, which owns assets including Eurosport and spent almost £1bn on the rights to the Olympics across Europe, will add TV brands including Food Network, which airs shows such as Nigella Express. In addition, Scripps owns a 50% stake in UKTV – which runs 10 channels with shows including Red Dwarf, Only Fool’s and Horses, Dad’s Army and the magician Dynamo – with the commercial arm of the BBC. ...
Tax raid on YOUR pensions: Shock as savers overcharged £26million in THREE months image
.... . The repayments have only been given to those who have spotted the mistake and claimed the cash back. ...
Millions of women hit by pensions gender gap  image
Source : Daily Express [Read Article] Sunday 30th of July 2017 11:20:00 AM
....Kay Ingram, director of public policy at retirement adviser LEBC, is calling on the Government to write to everyone affected to make sure they are aware of the increase in their state pension age. “The Government has the opportunity to learn from past mistakes so that people can start saving more now to fund retirement at an earlier date should they wish. ...
France isn’t heading for a belle époque, but its future looks better than Britain’s image
....That leaves Macron in a position where he only needs to achieve a fraction of the reforms he has planned for France to accelerate out of trouble, leaving the UK in its wake. Thursday was “an exciting day” for Virgin Atlantic, Sir Richard Branson wrote to his staff, as the airline’s founder sold the bulk of his shareholding to Air France-KLM and left Delta with the biggest stake. ...
Serco’s boss suffers through his wilderness years image
Source : Guardian [Read Article] Sunday 30th of July 2017 05:59:11 AM
.... Analysts at Credit Suisse headline their preview with the prediction “should be OK” – which on recent form would constitute a triumph. Still, the subtext will really be whether the government starts selling down its RBS stake, now the bank no longer has to offload Williams & Glyn and (many of) its US woes are history. ...
Graduate anger mounts over ‘nightmare’ Student Loans Company image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
....9% for a perceived error she had never made. She had also gone abroad, in this instance only for a few months, but then faced a year-long battle to get the SLC to rectify the mistake and provide proof it had done so. ...
Jeff Bezos: how the world's richest man can change his stingy reputation image
.... “Nearly every person I worked with, I saw cry at their desk,” one employee said. (Amazon pushed back hard on the New York Times investigation, arguing it was full of mistakes). ...
Brexit likely to create a rise in UK megafarms image
Source : Guardian [Read Article] Friday 28th of July 2017 12:00:18 PM
.... In the EU, intensive farms are closely regulated to ensure minimum standards of welfare that would rule out these US practices, though critics say these standards are still insufficient. Despite government reassurances, the issue revealed the rifts within the cabinet over what is at stake in future trade deals, and presages more rows to come as the implications of Brexit become clearer. ...
BT profits dive by 40% after £225m payout over Italian scandal image
Source : Guardian [Read Article] Friday 28th of July 2017 06:49:04 AM
....”. Upcoming sports rights auctions include the Football League, which is expected to be a high-stakes bidding war with Sky, and ATP World Tour Tennis. ...
Sports Direct increases French Connection stake to 27% image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:16:36 PM
. Mike Ashley’s Sports Direct has increased its stake in French Connection to 27%, taking it close to a level at which it must launch a takeover bid. ...
Richard Branson cedes control of Virgin Atlantic image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:01:06 PM
....The potential end of an era looms in British aviation after Sir Richard Branson announced he is selling 31% of Virgin Atlantic, relinquishing his controlling interest in the airline he founded in 1984. Branson will net £220m from the deal to sell the 31% stake to Air France-KLM and remain as chairman of the airline. ...
Walkie Talkie tower: stark reminder of forces that rule the City image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:56:30 PM
....Designed by New York-based Uruguayan architect Rafael Viñoly, the Walkie Talkie made headlines in 2013 before it had even opened, when its concave glass facade was found to channel the sun into a scorching beam of heat on to the street below. Repeating exactly the same mistake he made with his similarly concave Vdara hotel in Las Vegas, Viñoly’s “death ray” succeeded in melting the bumper of a Jaguar, blistering painted shopfronts and singeing carpets, with temperatures proving hot enough to fry an egg on the pavement. ...
London's Walkie Talkie building sold for record-breaking £1.3bn image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:22:56 PM
....17bn to acquire the HSBC tower in Canary Wharf in December 2014. Property company Land Securities, whose other investments range from Brighton Marina to the Lakeside shopping park in Thurrock, Essex, said it had exchanged contracts to sell its 50% stake in the City of London building. ...
Amazon founder Jeff Bezos – briefly – becomes world's richest man image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:20:59 PM
....According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. Their riches are calculated on the share prices of their respective companies and at the current values Bezos’s stake is twice as big as carmaker Ford. ...
Fracking drilling rig brought on site overnight 'to avoid protests' image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:14:32 PM
.... The company said the road has been closed or reduced to a single lane several times in recent weeks during protests. The shale industry and ministers have repeatedly promised fracking operations in the UK are covered by strong regulations that will be enforced to avoid the mistakes and environmental damage caused in the US, where the technology took off. ...
AstraZeneca boss Pascal Soriot's 'pivotal' year is turning out horribly | Nils Pratley image
.... Banks’ ability to confess to fresh “conduct” issues seems limitless. Lloyds’ out-of-leftfield announcement was a £340m bill for giving redress to customers who were mistakenly hit with fees when they were in arrears on mortgage payments. ...
BBC women let pay gap happen, review co-chair says image
Source : Guardian [Read Article] Thursday 27th of July 2017 03:18:53 PM
....“Presumably the [BBC] presenters relied on the fact that the BBC was a world-renowned organisation and would treat people equally. Clearly that has proven to be a mistake. ...
Lloyds takes fresh £1bn hit from PPI compensation claims image
Source : Guardian [Read Article] Thursday 27th of July 2017 08:29:53 AM
.... Credit card lending had risen 1% a year over the last six years, he said. Horta-Osório – who is facing speculation that he will leave now that the taxpayer stake has been sold – said he was “not going anywhere” and is working on the next strategic plan which will be announced alongside full-year results in February. ...
Charles Tyrwhitt founder, Nick Wheeler: 'I'm allergic to bureaucracy' image
Source : Guardian [Read Article] Thursday 27th of July 2017 06:00:42 AM
.... You think “if I don’t start my own business now, I’m never going to do it”. I think it’s a big mistake. ...
Fever-Tree co-founder toasts £29m payout as shares hit record high image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:57:47 AM
. Fever-Tree’s chief executive and co-founder, Tim Warrillow, has toasted the drinks company’s shares reaching a record high by cashing in nearly £29m of his stake. ...
Greece's €3bn bond sale doesn't mean its debt crisis is at an end | Nils Pratley image
.... That is why Provident’s debacle on the doorsteps – a botched switch from part-time agents to full-time employees – probably won’t cost Crook his job. One suspects Neil Woodford’s fund and Invesco, long-standing investors with 19% stakes each, will be loyal. ...
Jimmy Choo auctioned off to US fashion brand Michael Kors for £900m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:16 AM
....Both Choo, who reportedly made his first pair of shoes at 11, and Mellon left after a string of private equity firms took control of the business. Choo sold his 50% stake in 2001 and Mellon departed in 2011 when JAB Luxury bought the firm for more than £500m. ...
Guardian Media Group cuts losses by more than a third image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:00 AM
....At a pre-tax level, the Guardian made a loss of just £200,000, primarily due to completing the staged sell-down of a 22. 4% stake in Ascential, owner of events including the Cannes Lions festival, for £239m. ...
SFO says it is investigating Rio Tinto over Guinea operations image
Source : Guardian [Read Article] Monday 24th of July 2017 08:07:02 PM
....The previous month Rio announced that it had agreed to sell its 46. 6% stake in the Simandou project to state-owned Chinese metals producer Chinalco. ...
Get Laid Beds and Tuffnells are giving me nightmares over my creaky bed image
.... Can you help? JP, London. Get Laid Beds gets mixed reviews on Google, with one customer complaining that the firm was too ready to blame the courier company for its own mistakes. ...
Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case image
....Court documents and company records show that AFI was cited in the Prevezon case as a business partner of the defendants. In 2008, Prevezon entered a partnership with AFI in which Prevezon bought for €3m, a 30% stake in four AFI subsidiaries in the Netherlands. ...
Asda considers bid for B&M that would give it access to local stores image
Source : Guardian [Read Article] Sunday 23rd of July 2017 04:11:01 PM
.... B&M also owns 95 stores in Germany under the Jawoll brand. Last month, the Arora brothers cashed in nearly £230m worth of shares in the business, cutting their stake from about 21% to 15% and taking their total proceeds since B&M floated to nearly £1bn. ...
While Hammond looks for a magic money tree, Labour has found one | Larry Elliott image
.... Fiscal policy – tax and spending – is a more powerful weapon when interest rates are at rock-bottom levels and should have been used more aggressively. Cutting back on public investment was a mistake that has only partly been rectified. ...
Race for political centre is futile, Labor needs to be more progressive | Greg Jericho image
....If 71% of voters want parties to meet each other in the middle, going for something that is “politically difficult” is surely code for pursuing something outside the centre. But such thinking would be a mistake, and the mistake is revealed in other questions within the poll. ...
Private equity houses offer £3bn for payments processor Paysafe image
Source : Guardian [Read Article] Friday 21st of July 2017 01:46:49 PM
.... For instance, a Danish processing company, Nets, has received offers while the French company Worldline is taking over a Swedish rival. Private equity houses are also interested, not only Blackstone and CVC but also Permira, which is taking a stake in a the Swedish business Klarna. ...
Pepsico, Unilever and Nestlé accused of complicity in illegal rainforest destruction image
....PT ABN declined requests for comment but after extensive Guardian inquiries, PT ES admitted using ABN’s palm oil – due to confusion after the logging firm changed its name – and said that it “regretted this failure”. The company promised to “strengthen our traceability practices by exchanging information to relevant stakeholders who have palm oil plantation data. ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
. The Glaswegian family behind the fast-growing fashion chain Quiz are now among Scotland’s richest after selling a £92m stake in a business investors hope will be the next Boohoo. ...
Exxon fined $2m for violating Russia sanctions while Rex Tillerson was CEO image
.... Tillerson knew both Sechin and the Russian president, Vladimir Putin, for more than a decade before he became secretary of state. After the Ukraine-related sanctions put in place under Barack Obama, Tillerson saw Exxon’s stake in a lucrative offshore drilling project with Rosneft come under threat. ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
.... Inflation may be bad – it erodes the value of people’s savings – but low growth and unemployment are much worse. There were three votes (out of eight, with one seat currently vacant) for an interest rate rise at the last meeting of the monetary policy committee (MPC), but that looks to be a huge mistake, in my view. ...
How far would you go to give your children a better chance in life? image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:05:26 AM
.... The difference is team selection should be based on merit, not money. A principle of fairness is at stake. ...
Burberry's Paul Price to be new boss of Topshop image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:46:19 PM
....It is not clear if the appointment heralds a potential move upmarket, away from the online specialists that have been stealing market share from Topshop, once the leading name in high-street fashion. Industry insiders said the choice of Price as chief executive might have been driven by Los Angeles-based fund manager Leonard Green, which owns a 25% stake in Topshop. ...
Who should pay for multiple errors on Travel Trolley flight tickets? image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:00:12 AM
....I booked flights online with Travel Trolley and the tickets were issued with a shortened version of my first name. Assuming this was my mistake, I agreed to pay the £66 fee to alter it. ...

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