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....PPG said the new offer was AkzoNobel's last chance to accept the deal. "We are extending this one last invitation to you and the AkzoNobel boards to reconsider your stance and to engage with us on creating extraordinary value and benefits for all of AkzoNobel's stakeholders," said PPG's chairman and chief executive, Michael McGarry. ... [Read full article on BBC ]
Monday 24th of April 2017 11:08:17 AM
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....Mr Arnault has a fortune of nearly $51bn (£40bn), according to Forbes. As well as LVMH and Dior, he also owns stakes in French luxury goods rival Hermes and supermarket chain Carrefour. ... [Read full article on BBC ]
Tuesday 25th of April 2017 11:31:29 AM
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.... . That's in addition to the controlling stakes it's already acquired in brands such as Keurig Green Mountain, Douwe Egberts, and doughnut maker Krispy Kreme. ... [Read full article on BBC ]
Monday 24th of April 2017 06:35:35 AM
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....The bank, 72%-owned by the UK government, has said 2017 will probably be the final year it makes a loss as it moves nearer to resolving fines and settlements. Last week, Chancellor Philip Hammond admitted that the government was prepared to sell its stake in RBS at a loss. ... [Read full article on BBC ]
Friday 28th of April 2017 06:26:06 AM
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Wednesday 26th of April 2017 06:35:17 PM
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....Earlier this week, the Financial Times reported that Cerberus Capital Management, the New York private equity firm that owns Albertsons and Safeway, had initiated talks with bankers about making a bid. Other potential suitors include Jana Partners, an activist investor group that has amassed a 9% stake. ... [Read full article on Guardian ]
Saturday 29th of April 2017 11:00:28 AM
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....The retailer said it had “decided to conduct a review of the various strategic options open to the company to maximise value for its shareholders” and that it was seeking offers for the business. The move was backed by the company’s independent directors and JAB Luxury, its majority shareholder with a stake of 68%. ... [Read full article on Guardian ]
Monday 24th of April 2017 08:25:28 AM
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....He said there was good reason to feel optimistic about the firm's prospects. The figure was better than analysts had predicted and comes despite a one-off goodwill impairment charge of £884m on the bank's stake in Barclays Africa Group, which it intends to sell in the next two to three years. ... [Read full article on BBC ]
Friday 28th of April 2017 06:36:15 AM
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...."On quick investigation, the anomaly fare also appears on GWR's own retailing channels so it would appear that this is a fare setting anomaly, rather than a Trainline tech issue," a spokesman said. Consumer expert Martin Lewis told BBC Radio 5's Adrian Chiles these sort of mistakes happen all the time and it is probably a database error. ... [Read full article on BBC ]
Monday 24th of April 2017 01:36:50 PM
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....The French luxury group LVMH, led by billionaire Bernard Arnault, is to take full control of Christian Dior, in a complex €12bn (£10bn) deal that reunites the fashion house with the perfume and other Dior brands. The Arnault family, which holds a controlling stake in LVMH, owns 74. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:15:06 AM
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.... While Hands’s team worked relentlessly, often through the night, making complex models on state of the art computers, the Ministry of Defence’s documents on the sale of the military housing reveal a very different approach. Internal memos have a chatty tone, and mistakes were corrected by hand. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:30:38 AM
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.... Instead of the standard notice period of 12 months, it says he can terminate his service – or that the company can – “at will”. Sorrell may only own a few per cent of the company he founded – his stake and that of his family trust is currently worth £427m – but the idea of retirement couldn’t be further from his mind. ... [Read full article on Guardian ]
Saturday 29th of April 2017 03:00:02 PM
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.... Their share prices, boosted further by positive financial results this week, have delivered huge multibillion-dollar boosts to the personal fortunes of their founders, all of whom still run the companies they dreamed up. Amazon, which beat forecasts with first-quarter sales of $36bn, has increased in value by $80bn since the start of 2017 to $440bn, meaning the near-17% stake held by Jeff Bezos is now worth $13. ... [Read full article on Guardian ]
Saturday 29th of April 2017 08:00:25 AM
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.... That was a violation of due process and called in to question the sale deal, the court found. If the complainants had been at the table, the outcome might have been different, given how many stakeholders were involved, it found. ... [Read full article on BBC ]
Monday 24th of April 2017 09:06:53 PM
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.... Travis Kalanick of Uber got a personal dressing down from Tim Cook, who runs Apple, but the company did not prohibit the use of the app. Too much money was at stake for that. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:23:34 PM
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. If you’ve ever made the mistake of trying to debate generational inequality with a baby boomer – by pointing out, say, that they benefited from cheap housing, generous welfare and free university places, before voting consistently for governments that have denied those things to their children, all the while calling millennials lazy and entitled in an infuriatingly faux-indulgent way, as if their kids’ requests that their salaries bear some sort of relation to their actual living costs makes them the sort of spoiled divas who’d call a gold-plated Uber to take them to the lavatory . ... [Read full article on Guardian ]
Monday 24th of April 2017 10:30:16 AM
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.... The end is in sight on PPI provisions. And the state’s stake has been reduced to 2%, with the last of the shares to be sold in coming weeks. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:15:03 PM
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. But there are four common mistakes people make when managing foreign currency transfers which could be costing them thousands. ... [Read full article on Daily Express ]
Tuesday 25th of April 2017 12:01:00 AM
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. Jes Staley, the chief executive of Barclays, has admitted he made a mistake in his repeated attempts to unmask a whistleblower but said he did not offer his resignation over the scandal. ... [Read full article on Guardian ]
Friday 28th of April 2017 08:27:59 AM
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....5%. However, the shares remained below the level at which taxpayers break even on their 43% stake, which the chancellor, Philip Hammond, has said will need to be sold at a loss. ... [Read full article on Guardian ]
Friday 28th of April 2017 03:24:55 PM
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....It said it had asked Live Nation and the festival to operate separately until it had agreed any merger. Live Nation, which has refused to comment, moved to take up a controlling stake of the festival through LN-Gaiety - its UK joint venture with music mogul Denis Desmond's Gaiety Investments. ... [Read full article on BBC ]
Wednesday 26th of April 2017 09:47:24 AM
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.... After one-off items and other factors, underlying profits were flat at £2bn. Taxpayers’ stake in the bank has now fallen from 43% to below 2% and last week Philip Hammond said the government had recouped the £20. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:33:22 AM
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....2p average price that was paid for them. In contrast, as RBS was announcing its results, the government announced its stake in Lloyds – which stood at 43% at its peak – is now below 1%. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:57:09 AM
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.... The combined bank was bailed out with £20. 3bn of taxpayers’ money, but last week Philip Hammond said the government had recouped its cash by selling off its stake from 43% to less than 2%. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 11:03:08 AM
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.... TJ, Ruthin, North Wales. Changes to national ticketing policy to give more flexibility in the cases of passengers who have made a mistake in forgetting their railcard were announced by the Department for Transport last year and came into force in March. ... [Read full article on Guardian ]
Monday 24th of April 2017 05:59:04 AM
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.... Bell staff repeatedly assured me that they would take responsibility for resolving this and getting the damage repaired. However, I have since been told by Bell that it had made a mistake and that it will not meet my claim. ... [Read full article on Guardian ]
Sunday 30th of April 2017 05:59:20 AM
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Latest Finance News related to Stake

Warranty work on my VW’s audio system turned into an £1,800 accident repair bill image
.... Bell staff repeatedly assured me that they would take responsibility for resolving this and getting the damage repaired. However, I have since been told by Bell that it had made a mistake and that it will not meet my claim. ...
Martin Sorrell and the sunset of the superstar chief executives image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
.... Instead of the standard notice period of 12 months, it says he can terminate his service – or that the company can – “at will”. Sorrell may only own a few per cent of the company he founded – his stake and that of his family trust is currently worth £427m – but the idea of retirement couldn’t be further from his mind. ...
Hard times for Whole Foods: 'People say it's for pretentious people. I can see why' image
....Earlier this week, the Financial Times reported that Cerberus Capital Management, the New York private equity firm that owns Albertsons and Safeway, had initiated talks with bankers about making a bid. Other potential suitors include Jana Partners, an activist investor group that has amassed a 9% stake. ...
Fangs: the lightning rise of Facebook, Amazon, Netflix and Google image
Source : Guardian [Read Article] Saturday 29th of April 2017 08:00:25 AM
.... Their share prices, boosted further by positive financial results this week, have delivered huge multibillion-dollar boosts to the personal fortunes of their founders, all of whom still run the companies they dreamed up. Amazon, which beat forecasts with first-quarter sales of $36bn, has increased in value by $80bn since the start of 2017 to $440bn, meaning the near-17% stake held by Jeff Bezos is now worth $13. ...
RBS and Lloyds IT faults cause online banking frustrations image
Source : Guardian [Read Article] Friday 28th of April 2017 03:24:55 PM
....5%. However, the shares remained below the level at which taxpayers break even on their 43% stake, which the chancellor, Philip Hammond, has said will need to be sold at a loss. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
....2p average price that was paid for them. In contrast, as RBS was announcing its results, the government announced its stake in Lloyds – which stood at 43% at its peak – is now below 1%. ...
Barclays profits more than double image
Source : BBC [Read Article] Friday 28th of April 2017 06:36:15 AM
....He said there was good reason to feel optimistic about the firm's prospects. The figure was better than analysts had predicted and comes despite a one-off goodwill impairment charge of £884m on the bank's stake in Barclays Africa Group, which it intends to sell in the next two to three years. ...
RBS reports first quarter profit as turnaround continues image
Source : BBC [Read Article] Friday 28th of April 2017 06:26:06 AM
....The bank, 72%-owned by the UK government, has said 2017 will probably be the final year it makes a loss as it moves nearer to resolving fines and settlements. Last week, Chancellor Philip Hammond admitted that the government was prepared to sell its stake in RBS at a loss. ...
Lloyds profits double to £1.3bn despite PPI and fraud payouts image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:33:22 AM
.... After one-off items and other factors, underlying profits were flat at £2bn. Taxpayers’ stake in the bank has now fallen from 43% to below 2% and last week Philip Hammond said the government had recouped the £20. ...
The Guardian view on Apple-Uber affair: reasons to tame Silicon Valley | Editorial image
.... Travis Kalanick of Uber got a personal dressing down from Tim Cook, who runs Apple, but the company did not prohibit the use of the app. Too much money was at stake for that. ...
Lloyds appoints ex-high court judge to review handling of HBOS fraud image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:03:08 AM
.... The combined bank was bailed out with £20. 3bn of taxpayers’ money, but last week Philip Hammond said the government had recouped its cash by selling off its stake from 43% to less than 2%. ...
Isle of Wight Festival takeover bid by Live Nation investigated image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:47:24 AM
....It said it had asked Live Nation and the festival to operate separately until it had agreed any merger. Live Nation, which has refused to comment, moved to take up a controlling stake of the festival through LN-Gaiety - its UK joint venture with music mogul Denis Desmond's Gaiety Investments. ...
Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
....Mr Arnault has a fortune of nearly $51bn (£40bn), according to Forbes. As well as LVMH and Dior, he also owns stakes in French luxury goods rival Hermes and supermarket chain Carrefour. ...
Luxury goods giant LVMH grabs full control of Christian Dior image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:15:06 AM
....The French luxury group LVMH, led by billionaire Bernard Arnault, is to take full control of Christian Dior, in a complex €12bn (£10bn) deal that reunites the fashion house with the perfume and other Dior brands. The Arnault family, which holds a controlling stake in LVMH, owns 74. ...
These are the mistakes everyone makes when buying foreign currency - and how to AVOID them image
. But there are four common mistakes people make when managing foreign currency transfers which could be costing them thousands. ...
General Motors loses Supreme Court appeal over car faults image
Source : BBC [Read Article] Monday 24th of April 2017 09:06:53 PM
.... That was a violation of due process and called in to question the sale deal, the court found. If the complainants had been at the table, the outcome might have been different, given how many stakeholders were involved, it found. ...
The Crusader: Couple saddled with debt threats after returning mobile phones image
Source : Daily Express [Read Article] Monday 24th of April 2017 04:39:00 PM
.... . However, after we took their case to Vodafone it quickly established the package with the two handsets had been mistakenly registered as just one return, triggering the early termination fee for the other device. ...
'Anomaly' blamed for £10k first class railway ticket image
Source : BBC [Read Article] Monday 24th of April 2017 01:36:50 PM
...."On quick investigation, the anomaly fare also appears on GWR's own retailing channels so it would appear that this is a fare setting anomaly, rather than a Trainline tech issue," a spokesman said. Consumer expert Martin Lewis told BBC Radio 5's Adrian Chiles these sort of mistakes happen all the time and it is probably a database error. ...
Offer for Dulux owner AkzoNobel raised again image
Source : BBC [Read Article] Monday 24th of April 2017 11:08:17 AM
....PPG said the new offer was AkzoNobel's last chance to accept the deal. "We are extending this one last invitation to you and the AkzoNobel boards to reconsider your stance and to engage with us on creating extraordinary value and benefits for all of AkzoNobel's stakeholders," said PPG's chairman and chief executive, Michael McGarry. ...
Bubble, bubble, toil and trouble: why ultra-low mortgage rates are dangerous | Jonn Elledge image
. If you’ve ever made the mistake of trying to debate generational inequality with a baby boomer – by pointing out, say, that they benefited from cheap housing, generous welfare and free university places, before voting consistently for governments that have denied those things to their children, all the while calling millennials lazy and entitled in an infuriatingly faux-indulgent way, as if their kids’ requests that their salaries bear some sort of relation to their actual living costs makes them the sort of spoiled divas who’d call a gold-plated Uber to take them to the lavatory . ...
Now on sale: Jimmy Choo (the whole company) image
Source : Guardian [Read Article] Monday 24th of April 2017 08:25:28 AM
....The retailer said it had “decided to conduct a review of the various strategic options open to the company to maximise value for its shareholders” and that it was seeking offers for the business. The move was backed by the company’s independent directors and JAB Luxury, its majority shareholder with a stake of 68%. ...
Jimmy Choo seeks well-heeled buyer image
Source : BBC [Read Article] Monday 24th of April 2017 06:35:35 AM
.... . That's in addition to the controlling stakes it's already acquired in brands such as Keurig Green Mountain, Douwe Egberts, and doughnut maker Krispy Kreme. ...
Virgin Trains refused to refund £293 after I forgot my railcard image
Source : Guardian [Read Article] Monday 24th of April 2017 05:59:04 AM
.... TJ, Ruthin, North Wales. Changes to national ticketing policy to give more flexibility in the cases of passengers who have made a mistake in forgetting their railcard were announced by the Department for Transport last year and came into force in March. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
Low rates, tight margins: the mortgage market looks worryingly familiar image
.... It may seem like a desperate measure, but with Ross in charge, it could result in a more difficult market for Japanese and Chinese competitors. Tadaaki Yamaguchi, the chairman of the Japan Steel Information Centre, which lobbies for the Japanese steel industry in the US, spoke for all free-trade supporters when he said there were far more American jobs at stake in firms that consumed steel than there were in domestic steel production, and that those jobs would be at risk because prices would rise. ...
Five Minute Guide to: Ensuring your car cover is valid image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 12:01:00 AM
....”. AA Insurance spokesman Ian Crowder says check you are not overpaying if you submit incorrect information by mistake: “Tell your insurer if your annual mileage is actually lower than you estimated, you park your car on a driveway or in a garage, or have fitted a car alarm or immobiliser, as it could throw your premiums into reverse. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
....4bn - back. The government began selling off its stake to investors in 2013, with the final 2% likely to be sold this year. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
....3bn it ploughed into Lloyds Banking Group during the financial crisis, the chancellor has said. Just days after admitting that the taxpayer faced multibillion-pound losses on its stake in Royal Bank of Scotland, Philip Hammond said the government had now “recovered every penny of its investment in Lloyds”. ...
Sports Direct breaks into US market image
Source : BBC [Read Article] Friday 21st of April 2017 08:32:02 AM
....Nicholas Hyett, equity analyst, Hargreaves Lansdown said Sports Direct had picked up a "bargain out of bankruptcy proceedings". He said Sports Direct had been involved in the US sports retail market before, through its stake in Dick's Sporting Goods, "but this time round it has decided to jump in directly". ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
.... The £1bn-a-year figure for investment by GIB is a target that may or may not be met. The problem is partly mitigated by the fact that other investors, notably the Universities Superannuation Scheme, have arrived and will hold stakes in assets directly. ...
Tata Steel offers £520m pensions payment in bid to secure future image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:14:48 PM
. Tata Steel could pay more than £500m into its UK pension scheme as part of a deal with regulators that involves the Pension Protection Fund taking a stake in the business. ...
Green Investment Bank sell-off described as a disaster by critics image
Source : Guardian [Read Article] Thursday 20th of April 2017 03:22:54 PM
....”. The GIB has stakes – either directly or via funds managed by third parties – in 85 projects that vary from an energy efficient street-lighting project in Barking and Dagenham and windfarm in Dumfries and Galloway, to a biomass plant at Port Talbot and an energy-from-waste plant in Belfast. ...
BMW profits boosted by Intel map investment image
Source : BBC [Read Article] Thursday 20th of April 2017 12:56:17 PM
. BMW's first quarter profits rose more than expected after the value of its stake in the mapping service Here was boosted by an investment by Intel. ...
UK gas and electricity customers face price rise double whammy image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:59:19 AM
.... An increase of 7. 7% is too much, but almost 24% is quite frankly a rip-off, and I can only assume you have made a mistake. ...
Green Investment Bank to be sold off in £2.3bn deal image
Source : Guardian [Read Article] Wednesday 19th of April 2017 08:54:43 PM
.... It is expected the government will still hold £140m of the bank’s assets, which the institution will continue to manage until they can be sold for the best return to the public purse. The Green Investment Bank has stakes – either directly or via funds managed by third parties – in 85 projects that vary from an energy efficient street lighting project in Barking and Dagenham and windfarm in Dumfries and Galloway, to a biomass plant at Port Talbot and an energy-from-waste plant in Belfast. ...
It's good to talk image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:00:53 AM
.... . The fear of making mistakes on a test often disrupts the performance of top-performing girls who "choke under pressure". ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
. The chancellor has admitted for the first time that the government is prepared to sell its stake in Royal Bank of Scotland (RBS) at a loss. ...
Next boss misses out on annual bonus for first time in 18 years image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:15:22 PM
....Chairman Frank Slevin said a new chief executive for House of Fraser, to replace Nigel Oddy who formally exits later this month, would be announced very soon. He said the group’s Chinese owner Sanpower, which bought a controlling stake in 2014, was committed to opening stores in its homeland despite rumours that it might have lost interest. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
. Philip Hammond has signalled that the government is facing a multibillion-pound loss from selling off its 73% stake in Royal Bank of Scotland. ...
Weetabix to be sold to US company Post Holdings image
Source : BBC [Read Article] Monday 17th of April 2017 11:07:28 PM
....4bn), its owner has confirmed. Weetabix - made in the UK since 1932 - was put up for sale in January by China's Bright Food, which bought a 60% stake in 2012. ...
Boutique gin and whisky boom spooks big spirit brands image
Source : Guardian [Read Article] Sunday 16th of April 2017 11:01:07 PM
....UHY Hacker Young says the £1bn valuation put on craft beer brand Brewdog is likely to spur more activity, both in the craft distillery and craft beer segments. Earlier this month, San Francisco-based TSG Consumer Partners agreed to buy a 22% stake in the “punk” beer maker in a deal worth £213m. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
.... . The chip sale is now said to be facing opposition from various stakeholders, including US firm Western Digital, which has a joint venture deal with Toshiba. ...
'Week of perfectly avoidable gaffes': how Pepsi, United and Spicer went wrong image
.... The ad went viral for all the wrong reasons, pilloried as tone deaf and scorching the Pepsi brand on a scale reminiscent of the 1984 debacle when Jackson’s hair burst into flames during filming of another of its commercials. Ed Zitron, owner of EZPR and author of This is How You Pitch: How to Kick Ass in Your First years of PR, said Pepsi handled the aftermath of the mistake better than the other two parties, because it quickly pulled the ad and took responsibility. ...
How the beery vision of brewing a small fortune can fall flat image
Source : Guardian [Read Article] Saturday 15th of April 2017 08:59:21 AM
....Another brewer, who asked not to be named, fears he will end up in bankruptcy court after his business failed, causing friction with family and friends. “We made all the classic mistakes and grew too far, too fast,” he said. ...
‘Your manager’s behaviour has been inexcusable’ – our work expert responds image
....• What happened isn’t your problem, it’s HR’s. All you need do is simply keep saying that your manager is mistreating you because of a mistaken belief that you did something you didn’t – and insist that HR deals with it. ...
Toshiba's US nuclear problems could provide cautionary tale for UK image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
.... Kepco would also face a regulatory delay of several years if it wanted to use its own technology at Moorside. Unions in the UK said the uncertainty showed that the government should intervene more directly, by taking a stake in Moorside. ...
Hell of a ride: even a PR powerhouse couldn't get Uber on track image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....”. The fallout over “Hell” is likely to be less consequential, however, than the high stakes court battle with Google. ...
Five pension tax mistakes that could hit YOUR nest egg image
Source : Daily Express [Read Article] Friday 14th of April 2017 06:01:00 AM
....6billion. Experts are now warning savers to avoid making mistakes that will mean higher tax bills and less money in retirement. ...
Sensors, scanners and surveillance: at the expo to outfit Trump's border wall image
....Nathalie Asher, a senior Immigration and Customs Enforcement (Ice) official, said lower apprehensions at the border would shift the focus of the hunt for undocumented people to the US interior, and to people who consider the US home. “These individuals have more at stake,” and fight deportation harder, she said. ...
Google Home devices stop responding to Burger King's TV ad prompt image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:27:37 PM
....This is not the first time that television broadcasts have triggered voice devices at home. In January, a San Diego TV station reported on a story that a six-year-old had mistakenly ordered a dollhouse by talking to the Amazon Echo device. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
....Trump currently has two loans and two mortgages with Deutsche Bank and owes it about $340m (£270m). The bank has also extended another $950m to a venture in which Trump owns a 30% stake, the Wall Street Journal reported in January. ...
Akzo Nobel faces call to axe chairman amid takeover battle image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:42:40 AM
....An Akzo Nobel spokesman said the company strongly supported the chairman and would respond to the request within 14 days as required by Dutch law. "The removal of Mr Burgmans would be irresponsible, disproportionate, damaging and not in the best interest of the company, its shareholders and other stakeholders," he said. ...
Great Western Railway's refund was way overdue image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:00:27 AM
....I emailed GWR from the train and was told my case would be dealt with within six weeks unless I complained via Facebook. Over Facebook an operative confirmed there had been a mistake with my ticket but there was nothing she could do, other than offer a refund at some unspecified future date and £25 of vouchers (which can’t be used for online bookings) as a goodwill gesture. ...
REVEALED: Map shows where in Britian has seen the BIGGEST house price growth image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:39:00 PM
.... . "Despite currently standing in eighth place in the growth stakes, London’s global safe haven status means that its appeal among investors will continue to endure in the long term, and the recent adjustment in values means that it now offers better value for money than in previous years. ...
Toshiba warns over its survival as it forecasts £7bn losses image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:36:52 PM
....The company’s escalating crisis also heightened fears about the future of Toshiba’s planned Moorside nuclear plant in Cumbria. Earlier this month it was forced to take full control of the venture behind the project, Nugen, after its previous partner, the French utility Engie, exercised the right to sell its 40% stake under an option triggered by Westinghouse’s bankruptcy filing. ...
Not so friendly skies image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:03:55 AM
.... . "Assuming that an internal letter to employees in a company as large as United Airlines will stay private was a big mistake. ...
Jaeger collapses into administration putting 680 jobs at risk image
Source : Guardian [Read Article] Monday 10th of April 2017 05:06:29 PM
....“Regrettably, despite an extensive sales process, it has not been possible to identify a purchaser for the business,” Saville said. “Our focus now is in identifying an appropriate route forward and to work with all stakeholders to do this. ...
Jaeger clothing chain collapses into administration image
Source : BBC [Read Article] Monday 10th of April 2017 04:13:10 PM
....Peter Saville, the joint administrator, said: "Regrettably despite an extensive sales process it has not been possible to identify a purchaser for the business. "Our focus now is in identifying an appropriate route forward and [to] work with all stakeholders to do this. ...
Toshiba may sell chip business to Foxconn for $27bn image
Source : BBC [Read Article] Monday 10th of April 2017 03:59:36 PM
....Last year Foxconn struck a $3. 5bn deal to take a majority stake in Sharp, the struggling Japanese electronics company. ...
Rocket launch firm blasts onto Milan stock market image
Source : BBC [Read Article] Monday 10th of April 2017 01:05:19 PM
.... . Cinven owns 81% of Avio, with a 14% stake held by Italian government-controlled defence group Leonardo-Finmeccanica. ...
City regulators investigate Barclays boss Jes Staley image
Source : BBC [Read Article] Monday 10th of April 2017 06:32:38 AM
...."Nevertheless, I realise that I should simply have let the compliance function handle this matter, as they were doing. This was a mistake on my part and I apologise for it. ...
Shell move 'could be in breach of international law' image
Source : BBC [Read Article] Monday 10th of April 2017 04:00:34 AM
....A 60-day consultation on Shell's decommissioning programme for the Brent field has now closed. A Shell spokesman said: "Shell welcomes the feedback, which has been received from stakeholders and members of the public during the 60-day public consultation period for the Brent field. ...
BrewDog toasts £213m US private equity investment image
Source : BBC [Read Article] Sunday 9th of April 2017 02:08:58 PM
. BrewDog, the Aberdeenshire-based craft brewer, is now worth more than £1bn after selling a stake to a US private equity firm. ...
The experts’ guide to making your garden bloom on a budget image
Source : Guardian [Read Article] Saturday 8th of April 2017 06:00:31 AM
....If money is tight buy everything small. Small trees can be particular bargains when compared to much costlier larger ones, and they establish strongly without the need for supporting stakes or ties. ...
Bank of England orders financial firms to draft Brexit contingency plans image
.... He urged politicians not to give in to protectionism on banking rules but to keep an open financial system. Highlighting what he believes is at stake if Brexit results in the City being cut off from the rest of Europe, Carney sought to portray London as a key part of the global financial system and reiterated his earlier claim that “London is Europe’s investment banker”. ...
Co-op Bank receives takeover 'proposals' image
Source : BBC [Read Article] Friday 7th of April 2017 08:03:17 AM
....The lender said it had received "a number of non-binding proposals", and it had selected "several parties" with which to continue talks. The bank, in which the Co-operative Group still has a small stake, was rescued from the brink of collapse by a group of hedge funds in 2013. ...
Spotify may bypass IPO and list directly on stock market image
Source : BBC [Read Article] Friday 7th of April 2017 01:55:50 AM
....Spotify declined to comment. A direct listing would save the music service the underwriting fees needed to launch an initial public offering (IPO), and would avoid diluting the value of existing stakes in the company. ...
Peers push to reverse bereavement benefit changes image
Source : Guardian [Read Article] Thursday 6th of April 2017 01:53:48 PM
. A cross-party collection of peers has called on the government to rethink a cut to bereaved parents’ benefits, which comes into force on Thursday, saying ministers must accept they have made a mistake. ...
Co-op boss shrugs off £130m loss to focus on group's 'stellar progress' image
....The Co-operative Group’s chairman, Allan Leighton, has insisted the business was making “stellar progress” despite slumping more than £130m into the red. The mutual revealed its first losses since its tumultuous year in 2013 – when problems at the Co-operative Bank nearly sank the whole business – as it wrote down the value of its remaining 20% stake in the bank to nil. ...
BP slashes 2016 pay for boss Dudley image
Source : BBC [Read Article] Thursday 6th of April 2017 10:29:51 AM
....It will be applied for pay awards for 2017, 2018 and 2019. Royal London Asset Management holds a stake in BP worth almost £680m. ...
Co-op Group boss looking at new markets image
Source : BBC [Read Article] Thursday 6th of April 2017 08:56:41 AM
....Steve Murrells said it would fit the company's history of "disrupting" sectors. Co-op Group reported a pre-tax loss of £132m, due to the write-off of the value of its stake in Co-operative Bank. ...
Heathrow owner halts future UK investment over Brexit image
Source : BBC [Read Article] Thursday 6th of April 2017 08:20:31 AM
.... It would end decades of debate over how to expand airport capacity in south-eastern England. Ferrovial also owns stakes in Glasgow, Aberdeen and Southampton airports. ...

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