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Socially Most Trending News

....In what was seen as a vote on confidence in the firm, last month China's Tencent spent $1. 78bn on buying a 5% stake in Tesla. ... [Read full article on BBC ]
Monday 3rd of April 2017 09:20:03 PM
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....It was a fraudster who'd done his research and was skilled at psychological manipulation. The small manufacturing firm - that wishes to remain anonymous - ended up losing £150,000 to the fraudster in the mistaken belief that he was a legitimate supplier. ... [Read full article on BBC ]
Thursday 30th of March 2017 11:05:39 PM
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....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. ... [Read full article on BBC ]
Monday 10th of April 2017 04:13:10 PM
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....6bn takeover bid, also turned down. 2006 - US exchange Nasdaq takes almost a 30% stake in LSE, but sees its £2. ... [Read full article on BBC ]
Wednesday 29th of March 2017 09:24:57 AM
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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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...."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. ... [Read full article on BBC ]
Monday 10th of April 2017 06:32:38 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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....4bn - back. The government began selling off its stake to investors in 2013, with the final 2% likely to be sold this year. ... [Read full article on BBC ]
Friday 21st of April 2017 05:01:52 PM
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. 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. ... [Read full article on BBC ]
Tuesday 18th of April 2017 11:01:26 PM
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....You might think that fining charities for being a bit too eager to solicit donations is rather unfair. But make no mistake, the kind of offences that the Information Commissioner uncovered are seen by the regulator as very serious breaches of the Data Protection Act. ... [Read full article on BBC ]
Wednesday 5th of April 2017 10:20:45 AM
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....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. ... [Read full article on BBC ]
Monday 17th of April 2017 11:07:28 PM
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....Imagination has said it doubts Apple can design mobile GPUs in-house without violating its PowerVR patents and other intellectual property. Apple is not just Imagination's biggest customer, it also owns a stake in the business and had been in discussions to take it over completely at one point. ... [Read full article on BBC ]
Monday 3rd of April 2017 07:33:52 AM
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.... “We decided to move quickly and decisively because we are a market. And if our stakeholders felt that we weren’t going to be in that position, then you can imagine that the business might have walked – and the answer is, it hasn’t, and they’ve been consulted all the way through. ... [Read full article on Guardian ]
Wednesday 29th of March 2017 05:21:41 PM
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....Get news from the BBC in your inbox, each weekday morning. Samsung Electronics's stock has shrugged off months of bad news, thanks in part to the popularity of last year's Galaxy S7, strong sales of its OLED screens and other components to rival manufacturers, and the fact that investors hope the firm has learned from its mistakes. ... [Read full article on BBC ]
Wednesday 29th of March 2017 03:00:35 PM
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.... . "Assuming that an internal letter to employees in a company as large as United Airlines will stay private was a big mistake. ... [Read full article on BBC ]
Tuesday 11th of April 2017 09:03:55 AM
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....Toshiba has been forced to buy out the French utility Engie from a project to build three nuclear reactors in Moorside, northwest England, further straining the Japanese company’s finances and adding to uncertainty over the project. Engie said on Tuesday it was exercising its right to sell its 40% stake in the NuGen venture to Toshiba following the bankruptcy of the Japanese firm’s Westinghouse nuclear power plant business. ... [Read full article on Guardian ]
Tuesday 4th of April 2017 04:15:57 PM
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.... The deal is expected to close in the current quarter. The remaining parts of Yahoo, which includes its 15% stake in Alibaba and Yahoo Japan, will be called Altaba. ... [Read full article on BBC ]
Tuesday 4th of April 2017 06:55:15 AM
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....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. ... [Read full article on BBC ]
Monday 10th of April 2017 04:00:34 AM
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. BrewDog, the Aberdeenshire-based craft brewer, is now worth more than £1bn after selling a stake to a US private equity firm. ... [Read full article on BBC ]
Sunday 9th of April 2017 02:08:58 PM
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....There is also a barrier from a culture of perfectionism in Japanese education, with a belief that there is a "right" way to do something. Students do not want to make mistakes and they will not attempt something until they are sure they can get it right. ... [Read full article on BBC ]
Tuesday 28th of March 2017 11:15:15 PM
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Wednesday 26th of April 2017 06:35:17 PM
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. The Co-op Group has reported its first annual loss since 2013 after declaring that its stake in Co-operative Bank is worth nothing. ... [Read full article on BBC ]
Thursday 6th of April 2017 06:27:53 AM
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....Critics say it failed to recognise that having a strong US brand would not automatically translate to success in China. Home rental site Airbnb is already trying to avoid that mistake, recently rebranding itself as "Aibiying" in China. ... [Read full article on BBC ]
Tuesday 4th of April 2017 11:20:27 PM
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.... . Even in normal circumstances, the stakes are high when a phone maker unveils its latest flagship handset. ... [Read full article on BBC ]
Wednesday 29th of March 2017 05:01:52 AM
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....Assets that it took on are likely to be worth less than initially thought and there is also a dispute about payments that are due. As a consequence, Toshiba initially hoped to sell its majority stake in Westinghouse. ... [Read full article on BBC ]
Wednesday 29th of March 2017 07:15:32 AM
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....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. ... [Read full article on Guardian ]
Sunday 16th of April 2017 11:01:07 PM
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....It will be applied for pay awards for 2017, 2018 and 2019. Royal London Asset Management holds a stake in BP worth almost £680m. ... [Read full article on BBC ]
Thursday 6th of April 2017 10:29:51 AM
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....Tesla was founded in 2003 and is controlled by entrepreneur Elon Musk, who also owns the space rocket firm, SpaceX. Last week China's Tencent Holdings bought a 5% stake in Tesla for almost $1. ... [Read full article on BBC ]
Sunday 2nd of April 2017 11:56:21 PM
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....Last year Foxconn struck a $3. 5bn deal to take a majority stake in Sharp, the struggling Japanese electronics company. ... [Read full article on BBC ]
Monday 10th of April 2017 03:59:36 PM
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Latest Finance News related to Stake

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. ...
Unilever to ditch Flora and Stork as consumers turn to butter image
Source : Guardian [Read Article] Thursday 6th of April 2017 07:59:35 AM
....At the time of the Kraft Heinz bid, Polman called for more help from the government to protect “national champions” such as Unilever. Companies in the Netherlands are offered more protection against hostile takeover bids because directors are required to take into account the interests of all stakeholders in the business, not just shareholders. ...
Co-op Group makes loss as bank stake written off image
Source : BBC [Read Article] Thursday 6th of April 2017 06:27:53 AM
. The Co-op Group has reported its first annual loss since 2013 after declaring that its stake in Co-operative Bank is worth nothing. ...
Homes under the sledgehammer: the dreams that got demolished image
Source : Guardian [Read Article] Wednesday 5th of April 2017 04:48:17 PM
....Surrey farmer Robert Fidler built a mock-Tudor castle and lived in it undisturbed for four years, hidden behind bales of hay. In 2006, though, he mistakenly believed he was safe from council objections and removed the hay. ...
UK charities fined for data law breaches image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:20:45 AM
....You might think that fining charities for being a bit too eager to solicit donations is rather unfair. But make no mistake, the kind of offences that the Information Commissioner uncovered are seen by the regulator as very serious breaches of the Data Protection Act. ...
Billionaire Warren Buffett becomes face of Cherry Coke in China image
Source : Guardian [Read Article] Wednesday 5th of April 2017 07:17:20 AM
....Berkshire Hathaway, Buffett’s investment firm, is Coca-Cola’s biggest shareholder with a 9. 3% stake valued at about $17bn. ...
PM hints at help for diesel car owners over 'toxin tax' image
Source : BBC [Read Article] Wednesday 5th of April 2017 06:16:46 AM
....According to City Hall, this will hit most petrol cars more than 13 years old in 2019, and diesel cars more than four years old in 2019. In 2015, former Labour science minister Lord Drayson said Tony Blair's government made a mistake in promoting diesel cars because they were now "killing people". ...
MPs urge crackdown on excessive pay to rebuild public trust in business image
Source : Guardian [Read Article] Wednesday 5th of April 2017 05:30:12 AM
.... However, recent scandals and the issue of executive pay have undermined public trust in corporate culture,” said the committee’s chair, Labour MP Iain Wright. “That, together with rising stakeholder expectations, changing business models and technology, means that corporate governance needs to evolve to provide assurance to investors and wider society. ...
Bed and breakfast? image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:20:27 PM
....Critics say it failed to recognise that having a strong US brand would not automatically translate to success in China. Home rental site Airbnb is already trying to avoid that mistake, recently rebranding itself as "Aibiying" in China. ...
Tesla closes in on General Motors as most valuable US carmaker image
Source : BBC [Read Article] Tuesday 4th of April 2017 05:33:05 PM
....In what was seen as a vote on confidence in the firm, last month China's Tencent spent $1. 78bn on buying a 5% stake in Tesla. ...
UK's Moorside nuclear project in turmoil as Toshiba's French partner backs out image
....Toshiba has been forced to buy out the French utility Engie from a project to build three nuclear reactors in Moorside, northwest England, further straining the Japanese company’s finances and adding to uncertainty over the project. Engie said on Tuesday it was exercising its right to sell its 40% stake in the NuGen venture to Toshiba following the bankruptcy of the Japanese firm’s Westinghouse nuclear power plant business. ...

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