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Socially Most Trending News

.... “As we saw when Cadbury’s – that great Birmingham company – was bought by Kraft, or when AstraZeneca was almost sold to Pfizer, transient shareholders, who are mostly companies investing other people’s money, are not the only people with an interest when firms are sold or close,” she said. “Workers have a stake, local communities have a stake, and often the whole country has a stake. ... [Read full article on Guardian ]
Sunday 19th of March 2017 07:00:00 AM
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....Representatives from easyJet, along with the British Airways owner IAG, Ryanair and the Tui Group, whose portfolio of airlines includes Thomson, met the EU’s Brexit taskforce last week. That followed a meeting the previous week between the taskforce and executives from Air France-KLM, Finnair, Lufthansa and SAS, as part of the EU’s efforts to engage with stakeholders. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 09:33:08 AM
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.... And private insurers tend not to take much interest, either. The stakes are too low, and the costs too high. ... [Read full article on BBC ]
Monday 20th of March 2017 12:02:25 AM
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....LTC chairman Mr Forster said: "The opening of our new plant sets a number of records: it's the first brand new automotive manufacturing facility in Britain for over a decade, the first dedicated electric vehicle factory in the UK, and the first major Chinese investment in UK automotive. "We are extremely proud of what we have achieved today, and we have firmly put our stake in the ground as a new, global automotive leader in urban commercial vehicles. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 07:04:13 AM
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...."There's about $15 trillion [£12tn] of financial agreements processed every year and most of them are manual in one sense or other," says Mr Smith. Automation helped to cut costs involved with those financial agreements and to weed out mistakes, but these changes only reinforced reliance on digital information. ... [Read full article on BBC ]
Tuesday 21st of March 2017 12:11:20 AM
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....Their employer, Oakhurst Dairy, is likely to appeal. But if it were to ultimately lose, it would not be the first business to fall foul of punctuation problems, spelling mistakes and typos. ... [Read full article on BBC ]
Friday 17th of March 2017 09:44:01 AM
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....4bn investment over nine years, with new trains and average journey times reduced by 10%. Mitsui, which has been contacted by the BBC, are the first Japanese company to have taken a stake in a British train operator and will "have a presence on the board". ... [Read full article on BBC ]
Tuesday 21st of March 2017 01:51:10 PM
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.... Crucially, it is built upon a recognition that if areas of mutual gain can be identified, hosting refugees can become an opportunity rather than just an inevitable cost. European governments want to address a migration crisis; Jordan wants to make the leap to manufacturing and manage a security nightmare; business is seeking a new investment opportunity, while also trying to restore respect for modern capitalism; refugees want to work; and just about everyone has a stake in the long-term future of Syria. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:00:27 AM
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....Zed was unsure. The friend begged - her career was at stake, she pleaded. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 02:34:32 AM
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....We have kitchens in every bedroom, as well as gyms, pools and libraries. Other big investors in British student halls include Goldman Sachs, which owns a majority stake in Vero Group, a fund that now owns a portfolio of 23,000 student beds. ... [Read full article on Guardian ]
Thursday 16th of March 2017 03:40:59 PM
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.... . "We remain committed to communicating openly with staff and our stakeholders as soon as we are able, and as commercial confidentialities allow, if any deal is confirmed or agreed. ... [Read full article on BBC ]
Friday 17th of March 2017 11:56:25 AM
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....That could only be done as a private company, "out of the glare of the public market and the effects of share price movement". QInvest bought its stake in Panmure in 2009. ... [Read full article on BBC ]
Friday 17th of March 2017 07:45:59 AM
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....Thames Water made an operating profit of £742m in 2015-16 and paid out £82m in dividends. It is owned by a consortium of institutional investors, including funds from China and Abu Dhabi, and was managed by Macquarie Capital Funds, which sold its final stake earlier in March to Kuwaiti and Canadian investors. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 11:49:38 AM
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....3bn) offer was still too low. Elliot Advisors, which has a stake of more than 3%, told Akzo to "engage" with PPG. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 10:10:12 AM
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....21st Century Fox is offering £11. 7bn for the 61% stake in Sky it does not already own. ... [Read full article on BBC ]
Thursday 16th of March 2017 11:37:23 AM
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.... She enters the list due to a 50% surge in the stock price of her company Temp Holdings, which is designed to get more women into the workforce. The richest woman on the list is France’s Liliane Bettencourt, who inherited a stake in L’Oreal from her father. ... [Read full article on Guardian ]
Monday 20th of March 2017 12:28:52 PM
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....Mining companies dominated the FTSE risers, with Anglo American topping the leaders' board with an 8% increase. Its shares were boosted after Indian billionaire Anil Agarwal said he would buy a stake worth up to £2bn in the diamond and platinum miner. ... [Read full article on BBC ]
Thursday 16th of March 2017 03:47:19 PM
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....Mark Carney has defended the Bank of England's handling of Charlotte Hogg's resignation during a speech on banking ethics. He said the former deputy governor made a serious but "honest mistake" and that the Bank would learn from the affair. ... [Read full article on BBC ]
Tuesday 21st of March 2017 11:22:41 AM
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....7bn investment will benefit the UK’s creative industries. We look forward to continuing to work with all stakeholders and are confident that the transaction will be approved. ... [Read full article on Guardian ]
Thursday 16th of March 2017 11:35:05 AM
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....”. The MCS said a mistake had been made in calculating stock levels and further information had been considered, which had led to a re-evaluation of current stocks. ... [Read full article on Guardian ]
Friday 17th of March 2017 12:01:02 AM
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.... Mipim, the world’s luxury property conference, has descended on the south of France boasting that the delegates pack away more champagne than the film festival. Last year, as I traipsed from yacht to yacht battling seasickness and constantly being mistaken for a waitress, the atmosphere was bullish. ... [Read full article on Guardian ]
Friday 17th of March 2017 06:31:02 AM
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.... Here’s what a responsible organisation would do. Accept that it made a grave mistake in allowing hate material to be distributed. ... [Read full article on Guardian ]
Monday 20th of March 2017 06:58:15 PM
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....5m. Atlas will control a majority stake, with QInvest maintaining its existing 43% stake. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:15:51 AM
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....“Whilst it is reassuring that Plusnet has sought to address the issue, that’ll be little comfort to the two-thirds affected that are still out of pocket,” said Richard Neudegg, head of regulation at price comparison service uSwitch. “Ofcom’s decision to hand an £880,000 fine to Plusnet is yet another reminder to providers that the regulator will not tolerate billing mistakes. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 02:35:18 PM
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....95. Anglo American was the biggest gainer, however, closing up almost 9% after the Indian billionaire Anil Agarwal said he was buying a £2bn stake. ... [Read full article on Guardian ]
Thursday 16th of March 2017 06:58:16 PM
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. The governor of the Bank of England has defended his handling of the controversy surrounding his deputy Charlotte Hogg and said she shouldn’t have had to resign for an honest mistake in failing to disclose that her brother worked at Barclays. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 12:05:03 PM
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.... There is added humour in imagining Wall Street eyebrows arching. Cottrell continues: “[Having high standards] needs employees who are able and ready to exercise professional judgment, processes that align recognition and reward with the firm’s espoused values, and a culture in which mistakes are remedied and learned from, rather than ignored or associated with blame. ... [Read full article on Guardian ]
Sunday 19th of March 2017 07:00:01 AM
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.... The governor has reassured banks that Threadneedle Street’s definition of a proportionate response hasn’t changed since Hogg resigned as deputy governor and chief operating officer last week. “An honest mistake that is freely admitted for which a firm takes prompt remedial action is not a firing offence,” he said. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 07:21:21 PM
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....Cheap money . The biggest mistake is to buy your holiday money at the last minute from an airport kiosk. ... [Read full article on Daily Express ]
Tuesday 21st of March 2017 10:02:00 PM
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.... His story provoked uproar from readers and soon after we reported on his plight, the train companies changed their tune. Britain’s 4 million railcard holders will now be let off once a year if they are found to be travelling without their pass, said the Rail Delivery Group, acknowledging that customers “make honest mistakes”. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 04:13:36 PM
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Latest Finance News related to Stake

Opodo charges for its own mistakes image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:00:05 AM
.... When the confirmation came, I noticed my surname had been repeated. I contacted Opodo within the hour to ask it to rectify the mistake and one operator told me it would cost £45 since everything had already been processed by the airline. ...
Now you can forget your railcard (once) without being charged a fortune image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 04:13:36 PM
.... His story provoked uproar from readers and soon after we reported on his plight, the train companies changed their tune. Britain’s 4 million railcard holders will now be let off once a year if they are found to be travelling without their pass, said the Rail Delivery Group, acknowledging that customers “make honest mistakes”. ...
Plusnet fined £880,000 for charging more than 1,000 ex-customers image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 02:35:18 PM
....“Whilst it is reassuring that Plusnet has sought to address the issue, that’ll be little comfort to the two-thirds affected that are still out of pocket,” said Richard Neudegg, head of regulation at price comparison service uSwitch. “Ofcom’s decision to hand an £880,000 fine to Plusnet is yet another reminder to providers that the regulator will not tolerate billing mistakes. ...
Thames Water hit with record £20m fine for huge sewage leaks image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:49:38 AM
....Thames Water made an operating profit of £742m in 2015-16 and paid out £82m in dividends. It is owned by a consortium of institutional investors, including funds from China and Abu Dhabi, and was managed by Macquarie Capital Funds, which sold its final stake earlier in March to Kuwaiti and Canadian investors. ...
Investors urge Dulux owner to hold takeover talks image
Source : BBC [Read Article] Wednesday 22nd of March 2017 10:10:12 AM
....3bn) offer was still too low. Elliot Advisors, which has a stake of more than 3%, told Akzo to "engage" with PPG. ...
UK-based airlines told to move to Europe after Brexit or lose major routes image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 09:33:08 AM
....Representatives from easyJet, along with the British Airways owner IAG, Ryanair and the Tui Group, whose portfolio of airlines includes Thomson, met the EU’s Brexit taskforce last week. That followed a meeting the previous week between the taskforce and executives from Air France-KLM, Finnair, Lufthansa and SAS, as part of the EU’s efforts to engage with stakeholders. ...
London Taxi Company's new Ansty Park plant opens in Coventry image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:04:13 AM
....LTC chairman Mr Forster said: "The opening of our new plant sets a number of records: it's the first brand new automotive manufacturing facility in Britain for over a decade, the first dedicated electric vehicle factory in the UK, and the first major Chinese investment in UK automotive. "We are extremely proud of what we have achieved today, and we have firmly put our stake in the ground as a new, global automotive leader in urban commercial vehicles. ...
Why denying refugees the right to work is a catastrophic error | Paul Collier and Alexander Betts image
.... Crucially, it is built upon a recognition that if areas of mutual gain can be identified, hosting refugees can become an opportunity rather than just an inevitable cost. European governments want to address a migration crisis; Jordan wants to make the leap to manufacturing and manage a security nightmare; business is seeking a new investment opportunity, while also trying to restore respect for modern capitalism; refugees want to work; and just about everyone has a stake in the long-term future of Syria. ...
Spear-phishing scammer demanded sex show image
Source : BBC [Read Article] Wednesday 22nd of March 2017 02:34:32 AM
....Zed was unsure. The friend begged - her career was at stake, she pleaded. ...
Make your money go the distance this summer image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 10:02:00 PM
....Cheap money . The biggest mistake is to buy your holiday money at the last minute from an airport kiosk. ...
Viagogo should be forced to face a grilling over ticket resale abuse | Nils Pratley image
.... The governor has reassured banks that Threadneedle Street’s definition of a proportionate response hasn’t changed since Hogg resigned as deputy governor and chief operating officer last week. “An honest mistake that is freely admitted for which a firm takes prompt remedial action is not a firing offence,” he said. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
.... Besides which, he was in the process of consulting on something, though he couldn’t say what as he would have to kill everyone if he did. But make no mistake, the something he would be consulting on would be a big step forward. ...
Abellio deal: Japanese firm Mitsui completes 40% Greater Anglia sale image
....4bn investment over nine years, with new trains and average journey times reduced by 10%. Mitsui, which has been contacted by the BBC, are the first Japanese company to have taken a stake in a British train operator and will "have a presence on the board". ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
. The governor of the Bank of England has defended his handling of the controversy surrounding his deputy Charlotte Hogg and said she shouldn’t have had to resign for an honest mistake in failing to disclose that her brother worked at Barclays. ...
Carney defends Bank of England over Hogg resignation image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:22:41 AM
....Mark Carney has defended the Bank of England's handling of Charlotte Hogg's resignation during a speech on banking ethics. He said the former deputy governor made a serious but "honest mistake" and that the Bank would learn from the affair. ...
Fake data threat image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:11:20 AM
...."There's about $15 trillion [£12tn] of financial agreements processed every year and most of them are manual in one sense or other," says Mr Smith. Automation helped to cut costs involved with those financial agreements and to weed out mistakes, but these changes only reinforced reliance on digital information. ...
YouTube is like the wild west – why won't Google pay to clean it up? image
.... Here’s what a responsible organisation would do. Accept that it made a grave mistake in allowing hate material to be distributed. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
.... She enters the list due to a 50% surge in the stock price of her company Temp Holdings, which is designed to get more women into the workforce. The richest woman on the list is France’s Liliane Bettencourt, who inherited a stake in L’Oreal from her father. ...
Blurred lines? image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:25 AM
THE CRUSADER: Holiday pair's hotel tangle image
Source : Daily Express [Read Article] Monday 20th of March 2017 12:01:00 AM
....com and for the Rougemont. But the process did not go smoothly and Pam mistakenly booked a double room twice for the same night. ...
Rising food costs - what's that got to do with the price of Brexit? image
Source : Guardian [Read Article] Sunday 19th of March 2017 07:00:01 AM
.... There is added humour in imagining Wall Street eyebrows arching. Cottrell continues: “[Having high standards] needs employees who are able and ready to exercise professional judgment, processes that align recognition and reward with the firm’s espoused values, and a culture in which mistakes are remedied and learned from, rather than ignored or associated with blame. ...
Unilever is safe, but we need better defences against short-term capitalism image
.... “As we saw when Cadbury’s – that great Birmingham company – was bought by Kraft, or when AstraZeneca was almost sold to Pfizer, transient shareholders, who are mostly companies investing other people’s money, are not the only people with an interest when firms are sold or close,” she said. “Workers have a stake, local communities have a stake, and often the whole country has a stake. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
.... “Nick was particularly brutal in his criticism . after one PA had made a minor mistake, he publicly threatened to ‘cut off your tits’ if she made the same mistake again. ...
Servicing Stop charges can start to add up image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....The firm was founded by brothers Oliver and Toby Richmond, who appeared on Dragons’ Den in 2009. They were offered £100,000 for a 30% stake by Deborah Meaden but subsequently found a better deal from an unnamed investor and didn’t take up the offer. ...
BP in talks with Ineos over Forties pipeline sale image
Source : BBC [Read Article] Friday 17th of March 2017 11:56:25 AM
.... . "We remain committed to communicating openly with staff and our stakeholders as soon as we are able, and as commercial confidentialities allow, if any deal is confirmed or agreed. ...
Comma comeuppance: When rogue punctuation proves costly image
Source : BBC [Read Article] Friday 17th of March 2017 09:44:01 AM
....Their employer, Oakhurst Dairy, is likely to appeal. But if it were to ultimately lose, it would not be the first business to fall foul of punctuation problems, spelling mistakes and typos. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
....That could only be done as a private company, "out of the glare of the public market and the effects of share price movement". QInvest bought its stake in Panmure in 2009. ...
Downplaying Brexit to overseas investors won't help UK housing crisis | Dawn Foster image
.... Mipim, the world’s luxury property conference, has descended on the south of France boasting that the delegates pack away more champagne than the film festival. Last year, as I traipsed from yacht to yacht battling seasickness and constantly being mistaken for a waitress, the atmosphere was bullish. ...
Haddock from UK waters removed from sustainable seafood list image
Source : Guardian [Read Article] Friday 17th of March 2017 12:01:02 AM
....”. The MCS said a mistake had been made in calculating stock levels and further information had been considered, which had led to a re-evaluation of current stocks. ...
Related to :
Stock markets soar across Europe as FTSE clocks up new high image
Source : Guardian [Read Article] Thursday 16th of March 2017 06:58:16 PM
....95. Anglo American was the biggest gainer, however, closing up almost 9% after the Indian billionaire Anil Agarwal said he was buying a £2bn stake. ...
FTSE 100 closes at record high image
Source : BBC [Read Article] Thursday 16th of March 2017 03:47:19 PM
....Mining companies dominated the FTSE risers, with Anglo American topping the leaders' board with an 8% increase. Its shares were boosted after Indian billionaire Anil Agarwal said he would buy a stake worth up to £2bn in the diamond and platinum miner. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
....We have kitchens in every bedroom, as well as gyms, pools and libraries. Other big investors in British student halls include Goldman Sachs, which owns a majority stake in Vero Group, a fund that now owns a portfolio of 23,000 student beds. ...
Rupert Murdoch's Sky bid to be investigated by UK regulator image
Source : Guardian [Read Article] Thursday 16th of March 2017 11:35:05 AM
....7bn investment will benefit the UK’s creative industries. We look forward to continuing to work with all stakeholders and are confident that the transaction will be approved. ...
Anglo American soars as billionaire buys 12% stake image
Source : BBC [Read Article] Thursday 16th of March 2017 09:20:01 AM
. Shares in Anglo American have soared after an Indian billionaire said he would spend up to £2bn taking a stake in the miner. ...
Our Rics survey missed major problems – can we get our money back? image
Source : Guardian [Read Article] Thursday 16th of March 2017 07:00:02 AM
.... There is also no point complaining to Rics. Rics itself cannot order any of its members to compensate you or take steps to correct mistakes. ...
Marked down image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:14:06 AM
....". The authors also see wider implications for their findings, for example, about the wisdom of such heavy reliance on a "high stakes" exam for university entrance. ...
UK government should help companies targeted by foreign bids, says Unilever image
.... Kraft Heinz withdrew the offer after it was firmly rejected by Unilever, amid reports the UK government was concerned about the ramifications of a deal. However, Unilever believes UK takeover rules should be changed to provide more support for the company that is targeted by a foreign bid, for example enabling it to have more time to build a defence against the offer and encouraging directors to consider the interests of other stakeholders – such as employees – rather than just shareholders. ...
Charlotte Hogg’s exit raises tough questions for Bank of England | Nils Pratley image
.... It is jaw-dropping that she could have written the Bank of England’s code herself and yet failed to follow its precise instructions. But even senior people can make basic mistakes. ...
Channel 4 chief executive David Abraham to stand down image
Source : Guardian [Read Article] Tuesday 14th of March 2017 03:30:33 PM
....The culture department, led by Karen Bradley, has suggested that Channel 4 could move part, or all, of its operation out of London, with cities including Birmingham mooted as potential new headquarters. “Channel 4 matters and I am confident that our stakeholders recognise the unique and significant contribution it will make to the future of UK broadcasting and to the creative industries more broadly,” said Abraham, in a statement from Channel 4 officially confirming his departure hours after the accidental tweet. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:40:11 AM
....She also said she had offered to resign last week. "It was an honest mistake: I have made no secret of my brother's job - indeed it was I who informed the Treasury Select Committee of it, before my hearing. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....Hogg’s letter to Carney – dated Monday ahead of the formal publication of the MPs’ report – showed she had offered to resign last week. “Last week I offered you my resignation in recognition of the fact that I made a mistake in not declaring my brother’s work on the forms that the Bank requires. ...
French Connection reports loss for fifth year running image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:20:04 AM
....2m. Last month, major investor Schroders lost patience and sold its chunk, enabling Sports Direct's Mike Ashley to pick up an 11% stake. ...
Energy costs to soar as Big Six companies turn up the heat image
Source : Daily Express [Read Article] Tuesday 14th of March 2017 08:01:00 AM
Toshiba looking to sell Westinghouse nuclear business image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:21:39 AM
. Toshiba president Satoshi Tsunakawa has said the company may sell its majority stake in US nuclear unit Westinghouse. ...
In the Hunt image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:03:41 AM
....In addition a new "tripartite" governance agreement for the sport has been drawn up by governing body the BHA, the racecourses and racing participants. "British racing has a really effective governance structure now in place that gives the three stakeholder groupings in the sport a proper say on the big decisions," says Jockey Club chief executive Simon Bazalgette. ...
Nick Candy denies claim he is jointly in charge of brother's CPC empire image
....Nick Candy said he did not mean he had influence over CPC directors, insisting that he had used “loose language” that he corrected in subsequent emails. Stewart said Candy’s comment was “habitual language, not a mistake or an oddity”. ...
Brexit talks: five key challenges facing Theresa May image
Source : Guardian [Read Article] Monday 13th of March 2017 04:36:22 PM
....On the day that Nicola Sturgeon called for a second independence referendum, Fitch said meeting Scotland’s demands for continued access to the single market made the negotiations between the UK and the EU more complicated. The threat of Scottish independence “raises the stakes in how the UK government deals with any Scottish requests, and will require policymakers’ careful attention when government resources will already be stretched”. ...
Glad to be sacked image
Source : BBC [Read Article] Monday 13th of March 2017 12:12:20 AM
Gamblers 'lost more than £10,000' on fixed-odds betting terminals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:49:55 PM
....The losses, revealed in a submission to the government’s gambling review by the GambleAware charity, has sparked renewed criticism of FOBTs. The charity analysed data from betting sessions, including cases where punters bet the maximum allowable amount of £100, which can be staked every 20 seconds under existing regulations. ...
Britons like vodka and Nike and won't consider Airbnb, survey reveals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:42:14 PM
....About 17. 6% of those who gamble think Ladbrokes offers them the best return on their stake, but HSBC said that, when it comes to Premier League football at least, Betfair and Bet365 are the place to gamble. ...
Rolls-Royce calls its first staff AGM image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:02:59 PM
.... Its chair, Ian Davis, said: “We note with interest the government’s green paper on UK corporate governance. The board is considering the level of interaction with stakeholders, particularly employees. ...
Shell’s sale of dirty tar sands assets cleans up debt and spruces image image
.... It is retaining assets including an upgrader plant, the extremely energy-intensive element of the process of turning the bitumen extracted from the ground into crude oil. The company does not want to overstate the carbon benefits of reducing its share in the Athabasca Oil Sands Project in Alberta – although it is keeping a 10% stake – and selling several undeveloped tar sands fields in the province. ...
Budget 2017: Self-employed 'tax raid' a 'rookie error' image
Source : BBC [Read Article] Saturday 11th of March 2017 09:22:56 AM
....Chancellor Philip Hammond's "tax raid" on the self-employed in the Budget has been described as a "rookie error" by former Tory chancellor Lord Lamont. He told the BBC the Conservative election pledge not to increase National Insurance, income tax and VAT was a "mistake". ...
Bank of England deputy governor's future hangs in balance image
Source : Guardian [Read Article] Friday 10th of March 2017 07:18:25 PM
....Jacob Rees-Mogg, the Conservative MP who sits on the committee, told the Guardian his focus was on the Bank’s governance. “I think the court looked complacent when it came before the committee last week which reopened issues about the bank’s governance that are more important than Charlotte Hogg’s mistake,” he said. ...
Banker Charlotte Hogg’s error is a cautionary tale for the privileged | Deborah Orr image
.... They assume their own judgment is so sound that their private assessment of a particular situation is all that is needed – is better, really, because they have all the information regarding their own case. Privileged people also run the risk of mistakenly believing that what’s good for them is good for everybody. ...
Ferrari gives up F1 stake in exchange for Liberty Media stock image
Source : Guardian [Read Article] Friday 10th of March 2017 04:46:33 PM
. Ferrari has traded its entire stake in Formula One for an interest in the racing franchise’s new owner, Liberty Media. ...
Jack Monroe wins Katie Hopkins libel tweet case image
Source : BBC [Read Article] Friday 10th of March 2017 03:35:05 PM
....He argued that "no lasting harm, and certainly no serious harm" had been caused to Ms Monroe's reputation. Ms Hopkins had "mistakenly" used Ms Monroe's Twitter handle instead of that of another columnist who had written about the war memorial incident, he said. ...
Tesco to pay out nearly £10m to staff after payroll errors image
Source : Guardian [Read Article] Thursday 9th of March 2017 10:56:20 AM
....The error was uncovered during the implementation of a new payroll system, Tesco said. A review of its systems found that mistakes had been made for some workers who paid into voluntary schemes such as pensions, childcare vouchers, and cycle to work programmes. ...
Co-op Bank reports loss as suitors circle image
Source : BBC [Read Article] Thursday 9th of March 2017 08:37:46 AM
....The loss is not as deep as the £610m recorded in 2015, but it is the fifth year in a row the bank has lost money. 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. ...
Brexit, airlines' worst fear, has become their preoccupation image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:29:50 AM
.... Yet it will be powerless to assure future flights between Britain and the EU can operate as usual without governmental agreement. A further headache once Britain leaves the EU could be ownership rules that limit foreign shareholders to a minority stake: under the Chicago convention underpinning international airline treaties, operators must be majority-owned by the government or nationals of their home territory – currently the whole EU. ...
21st Century Fox rejects Sky takeover bid concerns image
Source : BBC [Read Article] Thursday 9th of March 2017 12:59:32 AM
....21st Century Fox is offering £11. 7bn for the 61% stake in Sky it does not already own, valuing the entire company at £18. ...
RBS awards nearly £16m of bonuses in shares to nine top executives image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:57:42 PM
....Loss-making Royal Bank of Scotland has awarded bonuses in shares to its top management team worth almost £16m. The bank revealed the bonus awards to nine executives an hour after Philip Hammond delivered his budget and said he was “uncertain” as to when the Treasury would be able to sell off any of its 73% stake in the bailed-out bank. ...
Few will spot the difference in national insurance – at first | Patrick Collinson image
....Is the tax rise for the self-employed a harsh new burden on gig economy workers? A hit on the “strivers” setting up businesses crucial for the economy? Or is it high time the self-employed paid their proper share of taxes? It’s just possible all could be true. Make no mistake, this is a big change in UK tax policy (and a major manifesto U-turn). ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
.... Remember how the Brexiteers promised more for everything, especially for the NHS? Now, with borrowing up £100bn more than expected before that referendum vote, and the pound devalued, they will be forced to admit it has meant less, with probable earthquakes to come. The chancellor doesn’t look like a gambler – but giving nothing at all to the NHS is a high-stakes risk. ...
ARM chip designer stake 'to be sold by Softbank' image
Source : BBC [Read Article] Wednesday 8th of March 2017 11:25:24 AM
. The Japanese firm that bought ARM Holdings less than a year ago is reported to be selling off a large stake in the UK technology firm to a Saudi-backed investment group. ...
Switch sales 'close to Nintendo records' image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:39:41 AM
....According to Mr Reynolds, first weekend sales for Nintendo Switch were "miles ahead" of the Wii, the Wii U, the N64 and the Game Cube. The stakes are high for the Japanese firm, after the Wii U failed to replicate the success of the original Wii. ...
ZTE fined $1.1bn for flouting US sanctions against Iran image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:17:10 PM
.... . ZTE says it acknowledges it has made mistakes, and is working towards improving its procedures. ...
Bank of England deputy's slip-up was astonishing – but its reaction was predictable | Nils Pratley image
....Let’s hope that reflection goes wider than just Hogg’s foul-up. Her mistake seems to have been honest and there is no suggestion that information passed improperly between her and her brother. ...
Bank of England deputy governor gets warning over conflict of interest image
....“It is a very serious breach … I think it is extremely regrettable that she didn’t declare it,” he said. However, Habgood said he believed she had made “an honest mistake”. ...
Lost for words when unwanted satnav doubled our Hertz car hire bill image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:00:35 AM
....Looking at the bill it had marked the satnav as “Neverlost”, which is not particularly obvious. I was busy getting our three kids into the car and made the mistake of trusting the Hertz agent – was I just naive?. ...
Patagonia and The North Face: saving the world – one puffer jacket at a time image
.... And in 1968 the two drove a Ford Econoline van from Ventura, California, to the remote region of Chile and Argentina named Patagonia. That same year, Tompkins sold his stake in The North Face for $50,000, and with his then wife, Susie, founded the San Francisco-based casualwear brand Esprit, whose hip version of sportswear became synonymous with 1980s style. ...
Car deal image
Source : BBC [Read Article] Monday 6th of March 2017 12:49:19 PM
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
....The OPL 245 licence had proved particularly elusive. In 1998, Nigeria’s then oil minister, Dan Etete, had awarded it to a shady new company, Malabu Oil and Gas, in which, it later emerged, he held a significant stake. ...
Memo to bosses: expect zero loyalty from your zero-hours workers | Barbara Ellen image
....Indeed, in the rush to have things all their own way, bosses seem to have completely failed to factor in that a workforce that feels invested and secure ultimately leads to a more successful business model, not least in terms of worker loyalty. Such companies may find that it was a mistake not to provide even the most basic levels of job satisfaction or security. ...

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