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....None of this is to excuse Ryanair’s behaviour this week or make light of the nightmare travellers have found themselves in. Ryanair’s PR mistake was to warn of cancellations that would affect 400,000 people, but not publish immediately the list of flights. ... [Read full article on Guardian ]
Saturday 23rd of September 2017 06:00:08 AM
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....Analysts say the company’s large network of shops are an expensive burden at a time when online giants Amazon and Walmart are discounting toys to steal their shoppers. “The demise of Toys R Us in North America will come as little surprise in an environment where bricks and mortar retail is continuing to struggle with high debt levels and the havoc being wreaked by e-commerce,” said Jon Copestake, chief retail and consumer goods analyst at the Economist Intelligence Unit. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 07:35:56 AM
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....But the move has left Italians, already frustrated by the turmoil at Alitalia, doubting the level of service that might be provided if Ryanair’s takeover bid went through. Fabrizio Premuti, the president of the Italian consumers’ association, Konsumer, told the Guardian: “Ryanair is a very important contributor to the Italian economy, but they have made a big mistake. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 11:57:42 AM
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.... Officials say freezing accounts that hold significant sums “will create a powerful incentive [for those involved] to agree to voluntary departure” so they can secure their money once they have left the country. Immigration welfare campaigners warned that the Home Office’s recent record meant it could not be trusted to implement this new system without errors and that migrants with every right to be in Britain were likely to be hit by mistakes in the imposition of the checks. ... [Read full article on Guardian ]
Thursday 21st of September 2017 07:00:26 PM
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....“Go out for a meal, get drunk and chat – you need to get out of the office if you can’t do anything else,” says Gillespie. For both the Futerra founders, it was their enduring friendship that they realised was at stake – and that wasn’t worth losing. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 06:00:39 AM
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....The company had said in April that it would not put itself up for sale. The assets identified for sale include Time Customer Service and a majority stake in Essence magazine, the company said. ... [Read full article on Guardian ]
Friday 22nd of September 2017 01:49:41 PM
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....”. To its critics, Uber’s failure to address these issues is emblematic of a ruthless, unyielding corporate culture that flowed from the top and never seemed to learn from its mistakes. ... [Read full article on Guardian ]
Saturday 23rd of September 2017 11:05:29 PM
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.... But from then on it just gets messier and messier. Some people haven’t opened letters for months or even years, and as a result small mistakes, such as a parking ticket or traffic violation, have taken on a life of their own in the court system. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 11:48:39 AM
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....Google has announced a deal to acquire part of Taiwanese firm HTC Corp’s smartphone operations for about $1bn. The deal will not involve the purchase of a direct stake and HTC will continue to run its remaining smartphone business. ... [Read full article on Guardian ]
Thursday 21st of September 2017 04:05:42 AM
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.... Last weekend saw the 25th anniversary of the ignominious exit of the pound from the European exchange rate mechanism – “the first Brexit”, and, I still hope, the only one. Then this November will see the 50th anniversary of the dramatic 14% devaluation of the pound – an episode from which the Labour government of Harold Wilson never quite recovered, not least because Wilson made the mistake of proclaiming that “the pound in your pocket has not been devalued” – based on a brief by Treasury officials which was aimed at explaining that, from the point of view of the pocket or purse, it was only the price of imports that were going up, and spending on imports was only a small fraction of total household spending. ... [Read full article on Guardian ]
Sunday 24th of September 2017 06:00:37 AM
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. Creditors of Lehman Brothers are on track for a turbocharged windfall after the collapsed bank announced it is selling its stake in Nasdaq-listed Formula One auto racing, giving it a payout of $1. ... [Read full article on Guardian ]
Thursday 21st of September 2017 04:31:10 PM
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.... But this year it wanted £1,025 – an increase of 442%. When he rang, thinking it must be some sort of mistake, the representative said he was lucky because if he had been a new customer the insurer would have turned him down entirely. ... [Read full article on Guardian ]
Saturday 23rd of September 2017 05:59:08 AM
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.... By the end of this year, Unilever will unveil its new corporate structure, as UK ministers are keenly aware. It would embarrassing if Unilever decides it prefers the Dutch approach to stakeholder capitalism. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 02:52:10 PM
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. The Co-operative Group has reported a fall in profits after handing out £35m to members and community projects, and selling its final 1% stake in the Co-op Bank. ... [Read full article on Guardian ]
Thursday 21st of September 2017 11:09:46 AM
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.... One Guardian reader lost two years’ pay when she wrongly entered a single number of her bank account and dispatched £26,000 to an unknown person. And as more and more people sign up to online bank statements then forget to access and read them, such mistakes can go undetected for months, by which time the money will most likely have vanished for good. ... [Read full article on Guardian ]
Monday 25th of September 2017 06:00:06 AM
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Latest Finance News related to Stake

Redundancy payout nightmare after bank transfer error sends stranger money image
Source : Guardian [Read Article] Monday 25th of September 2017 06:00:06 AM
.... One Guardian reader lost two years’ pay when she wrongly entered a single number of her bank account and dispatched £26,000 to an unknown person. And as more and more people sign up to online bank statements then forget to access and read them, such mistakes can go undetected for months, by which time the money will most likely have vanished for good. ...
Brexit isn’t a new Black Wednesday. It’s far darker than that image
Source : Guardian [Read Article] Sunday 24th of September 2017 06:00:37 AM
.... Last weekend saw the 25th anniversary of the ignominious exit of the pound from the European exchange rate mechanism – “the first Brexit”, and, I still hope, the only one. Then this November will see the 50th anniversary of the dramatic 14% devaluation of the pound – an episode from which the Labour government of Harold Wilson never quite recovered, not least because Wilson made the mistake of proclaiming that “the pound in your pocket has not been devalued” – based on a brief by Treasury officials which was aimed at explaining that, from the point of view of the pocket or purse, it was only the price of imports that were going up, and spending on imports was only a small fraction of total household spending. ...
Why Uber’s fate could herald backlash against ‘digital disruptors’ image
Source : Guardian [Read Article] Saturday 23rd of September 2017 11:05:29 PM
....”. To its critics, Uber’s failure to address these issues is emblematic of a ruthless, unyielding corporate culture that flowed from the top and never seemed to learn from its mistakes. ...
You hate Ryanair – but you will fly it again image
Source : Guardian [Read Article] Saturday 23rd of September 2017 06:00:08 AM
....None of this is to excuse Ryanair’s behaviour this week or make light of the nightmare travellers have found themselves in. Ryanair’s PR mistake was to warn of cancellations that would affect 400,000 people, but not publish immediately the list of flights. ...
Direct Line, why has my home insurance gone up by 442% in one year? image
Source : Guardian [Read Article] Saturday 23rd of September 2017 05:59:08 AM
.... But this year it wanted £1,025 – an increase of 442%. When he rang, thinking it must be some sort of mistake, the representative said he was lucky because if he had been a new customer the insurer would have turned him down entirely. ...
Time Inc UK, publisher of NME and Marie Claire, to be put up for sale image
Source : Guardian [Read Article] Friday 22nd of September 2017 01:49:41 PM
....The company had said in April that it would not put itself up for sale. The assets identified for sale include Time Customer Service and a majority stake in Essence magazine, the company said. ...
UK banks to check 70m bank accounts in search for illegal immigrants image
Source : Guardian [Read Article] Thursday 21st of September 2017 07:00:26 PM
.... Officials say freezing accounts that hold significant sums “will create a powerful incentive [for those involved] to agree to voluntary departure” so they can secure their money once they have left the country. Immigration welfare campaigners warned that the Home Office’s recent record meant it could not be trusted to implement this new system without errors and that migrants with every right to be in Britain were likely to be hit by mistakes in the imposition of the checks. ...
Bankrupt Lehman Brothers profits from Formula One sale image
Source : Guardian [Read Article] Thursday 21st of September 2017 04:31:10 PM
. Creditors of Lehman Brothers are on track for a turbocharged windfall after the collapsed bank announced it is selling its stake in Nasdaq-listed Formula One auto racing, giving it a payout of $1. ...
Co-op profits fall as it offloads final stake in bank image
Source : Guardian [Read Article] Thursday 21st of September 2017 11:09:46 AM
. The Co-operative Group has reported a fall in profits after handing out £35m to members and community projects, and selling its final 1% stake in the Co-op Bank. ...
Google to buy part of HTC's smartphone operations for $1bn image
Source : Guardian [Read Article] Thursday 21st of September 2017 04:05:42 AM
....Google has announced a deal to acquire part of Taiwanese firm HTC Corp’s smartphone operations for about $1bn. The deal will not involve the purchase of a direct stake and HTC will continue to run its remaining smartphone business. ...
Ryanair cancellations raise worries in Italy over Alitalia takeover image
Source : Guardian [Read Article] Wednesday 20th of September 2017 11:57:42 AM
....But the move has left Italians, already frustrated by the turmoil at Alitalia, doubting the level of service that might be provided if Ryanair’s takeover bid went through. Fabrizio Premuti, the president of the Italian consumers’ association, Konsumer, told the Guardian: “Ryanair is a very important contributor to the Italian economy, but they have made a big mistake. ...
Tough calls: on the debt crisis frontline with charity StepChange image
Source : Guardian [Read Article] Wednesday 20th of September 2017 11:48:39 AM
.... But from then on it just gets messier and messier. Some people haven’t opened letters for months or even years, and as a result small mistakes, such as a parking ticket or traffic violation, have taken on a life of their own in the court system. ...
Businesses on the couch: the co-founders  in couples' therapy image
Source : Guardian [Read Article] Wednesday 20th of September 2017 06:00:39 AM
....“Go out for a meal, get drunk and chat – you need to get out of the office if you can’t do anything else,” says Gillespie. For both the Futerra founders, it was their enduring friendship that they realised was at stake – and that wasn’t worth losing. ...
Toys R Us files for bankruptcy in US and Canada image
Source : Guardian [Read Article] Tuesday 19th of September 2017 07:35:56 AM
....Analysts say the company’s large network of shops are an expensive burden at a time when online giants Amazon and Walmart are discounting toys to steal their shoppers. “The demise of Toys R Us in North America will come as little surprise in an environment where bricks and mortar retail is continuing to struggle with high debt levels and the havoc being wreaked by e-commerce,” said Jon Copestake, chief retail and consumer goods analyst at the Economist Intelligence Unit. ...
How to find the best remortgage rates and beat the rise image
Source : Daily Express [Read Article] Sunday 17th of September 2017 12:34:00 PM
....While some homeowners cannot remortgage, many more can. With thousands of pounds a year at stake, it is worth finding out where you stand. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
....15am, invitees have been told. What does the future hold for retailer French Connection? Less than two months ago, Mike Ashley’s Sports Direct increased its stake in the company to around 27%, taking it close to a level where it must launch a takeover bid. ...
Deal or no deal, Sky is the regulators’ hardest ever test image
Source : Guardian [Read Article] Sunday 17th of September 2017 06:00:33 AM
....Professor Steven Barnett, a long-term Murdoch foe, tears into Ofcom for arguing that broadcasting standards were not endangered here. “A supine regulator appears to have been captured by its most powerful stakeholder, while a robust government looks determined to stand up for the public interest. ...
Blue Bottle Coffee sells to Nestlé – so has it sold out? image
Source : Guardian [Read Article] Saturday 16th of September 2017 11:00:10 AM
....”. When Nestlé announced it had acquired a 68% stake in Blue Bottle Coffee Co earlier this week, the news jolted the highly caffeinated devotees of the chain’s specialist, single-origin coffee. ...
KPMG chiefs in South Africa quit amid Bell Pottinger scandal image
Source : Guardian [Read Article] Friday 15th of September 2017 12:21:12 PM
....Separately, it has emerged that Heather Kerzner, the fiancee of London-based Bell Pottinger’s ex-chief executive James Henderson, has hired lawyers to investigate how to get back some of her significant investment in the PR firm. Kerzner owns a possible 15% stake in Bell Pottinger, making her one of its biggest shareholders after Henderson, who owned about 20% at the time of its collapse on Tuesday. ...
Northern Rock investors' compensation claim just doesn't stand up | Nils Pratley image
.... Again, that is factually correct, but so what? Taxpayers took 89% control of RBS, rather than 100%, because the Treasury wanted to maintain a stock market listing and keep the bank subject to outside pressures. With hindsight, that decision was probably a mistake, but it doesn’t imply the Rock had to be treated the same way. ...
You thought eBay is unfair to sellers? It’s got nothing on Etsy image
Source : Guardian [Read Article] Thursday 14th of September 2017 06:00:34 AM
....I have opened six Etsy shops since 2007 and it has closed all of them on two occasions. The first was when we were mistakenly linked to a seller in Portugal who’d had a complaint filed against them. ...
Might, not right: betting firms get their due on fixed-odds machines image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:27:29 PM
....Gambling companies’ defence of fixed-odds betting terminals has failed. It is now odds-on that the government will cut the maximum stake from £100. ...
G4S may make more profit than allowed from removal centres, figures suggest image
Source : Guardian [Read Article] Wednesday 13th of September 2017 05:36:45 PM
.... In one message to a G4S regional president, Peter Neden, a senior manager who filed a grievance and has since left the company, said Tinsley House was making an excessive profit by inflating the number of staff needed to run it from 60 to 80. In the email, the manager said G4S had mistakenly revealed its true profit margin to the Home Office, prompting a demand for further savings. ...
Bell Pottinger unlikely to honour payments to co-founder Tim Bell image
Source : Guardian [Read Article] Wednesday 13th of September 2017 01:42:52 PM
....Lord Bell left the agency last summer in a deal thought to be worth as much as £2. 5m that included the company buying his stake. ...
Brexit is a great British bore. Europe has moved on, and the UK should be worried   | Guntram Wolff image
.... A cliff-edge Brexit would be bad for the EU. The UK would, however, be mistaken to bet on endless patience from its EU friends. ...
Bell Pottinger goes into administration amid South Africa scandal image
Source : Guardian [Read Article] Tuesday 12th of September 2017 05:35:58 PM
....Even the tobacco giant Imperial Brands, owner of Gauloises, John Player and Winston – the kind of client on which Bell Pottinger built its business – is reviewing its account after using the agency for more than two decades. Last week, the Guardian revealed that the agency’s second-biggest shareholder, Chime, which is owned by the US firm Providence and Sir Martin Sorrell’s WPP, had handed back its 27% stake for free to escape the scandal. ...
Bitcoin investors could lose all their money, FCA warns image
Source : Guardian [Read Article] Tuesday 12th of September 2017 01:48:03 PM
....“ICOs are very high-risk, speculative investments,” said the FCA. “You should be conscious of the risks involved … and prepared to lose your entire stake. ...
Petra Diamonds market value falls after Tanzania seizes $15m shipment image
Source : Guardian [Read Article] Monday 11th of September 2017 10:14:44 AM
....Tanzania has locked horns with several foreign mining companies since the 2015 election of John Magufuli, who as president has sought to extract higher value for the country’s raw materials. His government last week cited “irregularities” in the process by which its stake in the Williamson mine was reduced from 50% to 25%, while Magufuli has also ordered an investigation into alleged under-declaration of diamond exports. ...
Charity shops: bringing in the cash, but bringing down the high street? image
Source : Guardian [Read Article] Monday 11th of September 2017 06:09:00 AM
....That still leaves the vast majority of people associating charity shops with decline. And with charities under huge pressure over funding, there’s more than £270m at stake for them on UK high streets – that’s how much profit UK charity shops generated in 2015/16 for their parent charities. ...
iPhone X: Apple’s latest iPhone name leaks ahead of official release image
Source : Guardian [Read Article] Monday 11th of September 2017 02:15:00 AM
....“Someone within Apple leaked the list of URLs to 9to5Mac and MacRumors,” wrote John Gruber of Daring Fireball. “I’m nearly certain this wasn’t a mistake, but rather a deliberate malicious act by a rogue Apple employee. ...
American Apparel founder Dov Charney: ‘Sleeping with people you work with is unavoidable’ image
.... In fact, most of them worked for him at American Apparel and such is their loyalty to a man who always paid them at least minimum wage, plus benefits, that they have bet the little they have on him being able to start up a new company. Charney is not the only one with a lot at stake here. ...
Bell Pottinger Middle East bids to split from parent firm as administration nears image
....The Public Relations and Communications Association said that Bell Pottinger had “brought the PR and communications industry into disrepute”. Last week, the Guardian revealed that the agency’s second-biggest shareholder Chime, which is owned by US firm Providence and Sir Martin Sorrell’s WPP, had handed back its 27% stake for free to escape the scandal. ...
Global shockwaves from electric cars will be here sooner rather than later image
Source : Guardian [Read Article] Sunday 10th of September 2017 06:00:29 AM
.... Sports Direct broke a promise to hold an independent review of boardroom governance but the irate crew of fund managers still couldn’t muster a majority. How did it happen? One direct answer is that Standard Life, one of the leading rebels of a year ago, has sold its shares while Schroders returned to the register and voted its 5% stake in favour of Hellawell. ...
There is no Brexit ‘punishment’, apart from the self-inflicted one image
Source : Guardian [Read Article] Sunday 10th of September 2017 06:00:29 AM
....That was earlier in the week. Some of my anti-Brexit friends are worried that, while definitely winning in exchanges with our benighted government, Barnier must not make the mistake of overplaying his hand. ...
Like fading powers of the past, Britain shows signs of being in terminal decline  | Will Hutton image
.... All knew full well that their political, economic and social systems had become dysfunctional, but reform was impossible. Too many at the top had stakes in the old order, reinforced, as in today’s Britain, by being at the apex of the social pyramid. ...
Tory EU migration crackdown plans: the key questions answered image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
.... Then firms could implement investment plans that had been put on hold and reap the benefits. But the key is not repeat the mistakes of pre-credit crunch Britain, when the UK’s productivity gains were largely snaffled by businesses and their shareholders. ...
Don't dig deep for a pre-paid funeral plan image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
....Funeral director Johanna Loveridge was astonished when a client bought a £3,420 plan, but only £2,535 went towards the funeral. “I wrote back saying, ‘Is there a mistake? Because this doesn’t seem right’ … and that’s how I found out there was an admin cost of almost £1,000,” she says. ...
Shelling out: Britons go nuts for coconut water image
Source : Guardian [Read Article] Friday 8th of September 2017 01:56:10 PM
. Madonna, Rihanna and Matthew McConaughey drink it by the gallon and like it so much they bought a stake in it. ...
MPs to question City watchdog over Saudi Aramco float image
Source : Guardian [Read Article] Thursday 7th of September 2017 11:01:22 PM
....Saudi Arabia is planning to sell off a wide range of assets in the face of a weak oil price. The sale of a 5% stake in Aramco - probably next year – is key to the plan and could value the entire company at $2tn. ...
Bell Pottinger could go under within days, sources claim image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:47:15 PM
.... In all, almost a dozen clients have now parted ways with the agency including HSBC, Clydesdale, TalkTalk, construction group Carillion, Richemont, Investec and mining group Acacia along with Unite, the listed student accommodation group. The scramble to find a buyer or other forms of finance is in part because of a £5m debt load partly built over payouts to Lord Bell, the co-founder who left last summer, and other top staff whose stakes in the company have been bought out. ...
UK house prices rising amid shortage of properties, says Halifax image
Source : Guardian [Read Article] Thursday 7th of September 2017 08:42:06 AM
....”. Samuel Tombs, a UK economist at Pantheon Macroeconomics, said the pick-up in house price growth “should not be mistaken for underlying momentum”. ...
Theresa May under growing pressure to lift public sector pay cap image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
....In an interview with the Guardian, Frances O’Grady, the TUC’s general secretary, said the government must come up with a generous offer. “If the definition of generosity is giving people a one-off pay increase that keeps their wages flat in real terms, then I think that would be a mistake,” she said. ...
The City's timidity has let Sports Direct's Keith Hellawell survive | Nils Pratley image
....The complaints against Hellawell are well known and extend far beyond the failure to honour a promise to commission an independent review of working practices. He tolerated a lack of a permanent finance director for three years, ran into rows over bonuses, sanctioned trading arrangements with members of Ashley’s family and is seemingly happy with Sports Direct’s baffling habit of buying stakes in other retailers. ...
Bell Pottinger could close by end of the year without fresh finance image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:25:01 AM
....According to sources Bell Pottinger will unveil a new management structure later this week – including a new chief executive to replace Henderson, who stood down on Sunday. None of the top management will hold a stake in the business, in a move designed to try and create a separation between its day-to-day running and the shareholders. ...
Meet the entrepreneurs driving the boom of booze-free drinking image
Source : Guardian [Read Article] Wednesday 6th of September 2017 06:00:23 AM
....While researching for the book, McGinn came across non-alcoholic spirit Seedlip, the first of its kind. Around £25 per 70cl, Seedlip’s clear bottles, with names such as Garden 108 and Spice 94, could be mistaken for craft gin. ...
North Sea oil and gas sector losing thousands of jobs, survey shows image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:01:22 AM
....Oil & Gas UK said this year’s contraction, which has continued despite the price of a barrel of oil costing a third more than a year before, was the result not just of cost-cutting, but nearly $6bn worth of mergers and acquisitions. Several major oil firms have sold stakes to smaller, independent players in the region this year in search of more profitable reserves elsewhere, raising fears over further job losses. ...
Bell Pottinger loses clients and staff in wake of South Africa scandal image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:13:28 PM
.... They are Richemont, the Swiss luxury company headed by South African businessman Johann Rupert; Investec, the South African investment group; and Acacia, which owns goldmines in Tanzania. It has also emerged that Bell Pottinger’s second largest shareholder has walked away from the business by writing off its investment and handing back the stake to the struggling PR firm. ...
Bell Pottinger investor walks away as South Africa row deepens image
Source : Guardian [Read Article] Tuesday 5th of September 2017 11:46:30 AM
. Bell Pottinger’s second-largest shareholder has walked away from the business by writing off its investment and handing back the stake to the struggling PR firm. ...
Sports Direct fails to meet 2016 pledge on working conditions image
Source : Guardian [Read Article] Tuesday 5th of September 2017 10:21:04 AM
....The company has elected a worker representative to sit on its board and said he would continue to ensure good practice. But Tuso said: “[Sports Direct] missed a crucial opportunity to give investors and stakeholders the reassurance that they are 100% committed to dealing with well-documented workplace abuses and corporate governance failures” by going back on a promise to appoint an independent party to conduct a “360 degree review” of its corporate governance. ...
Lego to axe 1,400 jobs image
Source : Guardian [Read Article] Tuesday 5th of September 2017 07:59:19 AM
....”. Lego is based in Billund, Denmark, and and is still controlled by the founding Kristensen family, which has a 75% stake. ...
Bell Pottinger expelled from PR trade body after South Africa racism row image
Source : Guardian [Read Article] Monday 4th of September 2017 05:59:00 PM
.... ​It also used other tactics, such as misleading or undermining journalists questioning the campaign. Major shareholder Chime, owned by majority shareholder Providence and Sir Martin Sorrell’s WPP, is understood to have offloaded its 25% stake in the firm as the scandal reached boiling point over the summer. ...
Bell Pottinger is a textbook example of how not to manage a crisis | Nils Pratley image
.... On one hand, the main proxy voting agencies have recommended that he should pay the price for the company’s many governance failings and slow pace of reform. On the other, some of the leading investor rebels of past years, such as Standard Life, have cut the size of their stakes. ...
The rise of SnappCar, the business that lets you rent out your car image
Source : Guardian [Read Article] Monday 4th of September 2017 08:02:59 AM
....He is, he says, 10% of the way to his goal of 500,000 cars shared, with operations in the Netherlands, Denmark, Sweden and Germany, 400,000 renter members and 45,000 vehicles on offer – all insured through Allianz. Car manufacturers and rental firms are convinced such sharing could be one of the ways we drive in future: Europe’s largest car hire company Europcar took a 20% stake in Snappcar in June as part of a strategy to become a “global mobility solutions leader”. ...
Debt mess leaves innocent bystander struggling with system  image
Source : Daily Express [Read Article] Monday 4th of September 2017 12:01:00 AM
....After a few attempts she did so through the automated payment system. But when she spoke to her relative she was assured it was all a mistake and that the bill had been paid some time ago. ...
How to avoid a disaster on your home improvements image
Source : Daily Express [Read Article] Sunday 3rd of September 2017 03:31:00 PM
....Some have been left for weeks on end without windows, others have seen their newly laid patio sink into the soil, or watched aghast as waste water poured down their inner walls. Big money is at stake, with one in five homeowners spending at least £11,000 each on home improvements in the last two years, according to Halifax, and bigger jobs costing much more. ...
The longer Brexit stays up in the air, the higher the risk flights will be grounded image
.... This year, however, his chairman, Keith Hellawell, will be left to take the flak alone. A trio of powerful City investors are expected to vote against Hellawell’s re-election but Ashley will not be there to defend him – even if he votes his stake, which is more than 60% of the business, in Hellawell’s favour. ...
Government prepares clampdown on fixed-odds betting machines image
Source : Guardian [Read Article] Saturday 2nd of September 2017 08:30:24 PM
....The bishop, Dr Alan Smith, has sought assurances from the chancellor that a long-awaited review into the machines, initiated by the DCMS, will be published this autumn. The bishop’s intervention came after Whitehall sources had briefed last month that the Treasury feared that cutting the stakes , a measure favoured by the sports minister, Tracey Crouch, would prove “financially crippling” and wanted the review scrapped. ...
Husband and wife bank £400m from sale of Matchesfashion.com image
Source : Guardian [Read Article] Friday 1st of September 2017 06:44:40 PM
....Tom and Ruth Chapman will join the ranks of the mega-rich after taking their business, which sells brands including Gucci, Prada and Stella McCartney, as well as their own label Raey, to customers across the globe. They are understood to be keeping a stake in the business worth about £130m. ...
Five more carmakers launch UK scrappage schemes as sales falter image
Source : Guardian [Read Article] Friday 1st of September 2017 05:16:48 PM
....Observers welcomed the moves but with some scepticism. Steve Gooding, director of the RAC Foundation, said: “Scrappage schemes are fast becoming the autumn fashion in car showrooms, with no manufacturer wanting to be left behind in either the commercial or PR stakes. ...
Premium Bonds winners for September: Are you a lucky winner? image
Source : Daily Express [Read Article] Friday 1st of September 2017 08:28:00 AM
...."I’m delighted that Agent Million has had the chance to visit a new county this month, as it’s a reminder that any person who has Premium Bonds can win any prize in any draw. “With a minimum investment of just £100, Premium Bonds gives the opportunity of winning a life-changing amount of money without the risk of losing your original stake. ...
UK gambling industry now takes £14bn a year from punters – report image
Source : Guardian [Read Article] Thursday 31st of August 2017 05:18:31 PM
....Each machine generates an average of £52,887 a year, according to the figures, about twice the national average wage. The Association of British Bookmakers (ABB) says curbing maximum stakes on FOBTs from £100 to £2, something that could form part of a government review due in October, would seriously damage the industry and the economy. ...
Despacito drives Bertelsmann to record €500m profits image
Source : Guardian [Read Article] Thursday 31st of August 2017 01:31:48 PM
.... Other hits included Into the Water, the second thriller from The Girl on the Train author, Paula Hawkins, which sold 600,000 copies in just two months. Bertelsmann is increasing its stake in Penguin from 47% to 75% in a $1bn (£780m) deal with Pearson announced in July. ...
Gambling firm 888 fined record £7.8m for failing vulnerable customers image
Source : Guardian [Read Article] Thursday 31st of August 2017 07:37:18 AM
....The company, based in Gibraltar but listed on the London Stock Exchange, failed to spot the “visible signs of problem gambling” displayed by one customer, who resorted to crime to fund their habit, the commission said. The customer staked more than £1. ...
New Uber CEO meets staff as emotional Travis Kalanick gets standing ovation image
Source : Guardian [Read Article] Wednesday 30th of August 2017 06:45:55 PM
.... I will fight with every bone in my body,” said Khosrowshahi, addressing the packed room. An emotional Travis Kalanick, who cried as staff gave him a standing ovation, described the last six months as the hardest of his life and admitted to making many mistakes before introducing Khosrowshahi to stage. ...
Sports Direct's Mike Ashley sues former business partner over £3m golf course scheme image
....Mr Justice Leggatt, the judge who oversaw that case, said he found it “a lot more interesting than some” but ruled that no one would have thought what Ashley said in the pub was “serious”. In legal documents filed at the high court in London, Ashley says that in May 2008 he agreed to pay Jimenez £3m, which he believed would be invested in the Loire-based golf course Les Bordes in return for a 5% “or thereabouts” stake in the site’s owner. ...
Trump officials have given Australia tacit approval on TPP, Obama economist says image
....The deal pursued by the Obama administration secured agreement from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Goodman said Trump’s decision to exit the trade pact was “a mistake”, and had set back America’s strategic interests in the region. ...
Problem gamblers place up to 90 bets a day and bet in middle of night image
Source : Guardian [Read Article] Wednesday 30th of August 2017 05:08:28 AM
.... On this basis, a huge proportion of revenue is derived from problem gambling. This is unsustainable, so the government must look at the maximum stakes online once they finally reduce the maximum stake to £2 on FOBTs in October. ...
Private firms poised to make another £1bn from building NHS hospitals image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:01:11 PM
.... They do not include information on the borrowing costs the NHS has to pay to the companies on top of these profits so, according to Leys, they form “only part of the full picture”. The CHPI found that just eight companies, which each employ a handful of people, have equity stakes in 92% of the NHS PFI schemes. ...
Uber pulls U-turn on controversial tracking of users after trip has ended image
.... Uber said it never actually began post-trip tracking for iPhone users and suspended it for Android users. Sullivan said Uber made a mistake by asking for more information from users without making clear what value Uber would offer in return. ...
Jet and lorry fuels made from rubbish to receive UK funding image
Source : Guardian [Read Article] Monday 28th of August 2017 06:18:18 AM
.... The DfT believes low-carbon transport fuels made from waste could be worth £600m to the British economy by 2030 and support up to 9,800 new jobs. • This article was amended on 28 August 2017 to remove a mistaken reference to the FTSE 100. ...
The EU is not the enemy of the state. Time to think again on Brexit image
Source : Guardian [Read Article] Sunday 27th of August 2017 06:00:02 AM
.... But eventually the improvement in price competitiveness led to a better trade performance. But I am with Wren-Lewis: this time, any J-curve effects are likely to be offset by the deleterious impact of Brexit if our political leaders do not have the gumption to tell the electorate it made a grave mistake in last year’s referendum. ...
City pay still out of proportion a century after JM Keynes complained image
Source : Guardian [Read Article] Sunday 27th of August 2017 06:00:02 AM
.... The prospect of a revived deal is sure to capture attention next week when Ladbrokes posts half-year results. But the elephant in the room is the government’s gambling review, now due in October, which could include a recommendation for a reduction in the maximum stakes on fixed-odds betting terminals (FOBTs), the industry’s cash cow. ...
World leaders need to take centre stage and shove central bankers into the wings image
....Focus on problem gambling is sharper than ever after last week’s report by the Gambling Commission, which concluded that the government and the industry were not doing enough to tackle it. One key finding is that the number of addicts who play fixed-odds betting terminals (FOBTs) – the controversial machines that let punters stake £100 every 20 seconds – has increased significantly. ...
Amazon TV hints at significant expansion into sport broadcasting image
Source : Guardian [Read Article] Friday 25th of August 2017 03:35:05 PM
.... That’s really what matters most. I think [Game of Thrones] set a good example and has really gone above and beyond in terms of delivering a big world with high stakes and everybody gets behind it. ...
Trump's trade policy on China won't win its help on North Korea | Jeffrey Frankel image
.... Yet US officials seem no closer to figuring them out. The stakes obviously are much higher regarding North Korea, with US-South Korean joint military exercises this week aggravating already-high tensions. ...

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