Inquiry lambasts collapsed store’s former owner, buyer and ‘directors, advisers and hangers-on’ ©Reuters Sir Philip Green Dominic Chappell, who bought retailer BHS for £1 and presided over its collapse barely a year later, had credibility...
Read moreActivist Sandell wades into SABMiller takeover dispute
The activist investor that tried to break up the transport operator FirstGroup has waded into the growing shareholder dispute over the brewer SABMiller’s £77bn takeover by its rival Anheuser-Busch InBev. Sandell Asset Management, the hedge fund...
Read morePension firm Royal London Warns That Relying on your home to fund retirement is …
Pension firm Royal London Warns That Relying on your home to fund retirement is’ downsizing delusion ‘ https://t.co/ml3wO0IaIk via @MMLatest – john Lappin (@johnlappin) July 16, 2016 Source by john lappin
Read moreBHS: twilight of the celebreneur
Tony Blair tempted fate when he made a knight of rough-edged rag trader Philip Green Sir Philip Green You can pick up a knighthood for just over £1m, judging from political donor records. It may cost Sir Philip Green, knighted in 2006 for...
Read moreHedge funds' bond dispute heads to the High Court
The bondholders have now brought their complaint to the British courts, arguing that the firm’s decision was invalid because of the questionable nature of the share price spike. They claim that Castex should reinstate their bonds and keep paying...
Read moreVictoria Azarenka: Pregnant world number six to take break from tennis …
Victoria Azarenka: Pregnant world number six to take break from tennis https: // t.co/sMPY88ygRO https://t.co/ca1U6nPq8a – sportmetweets (@sportmetweets) July 15, 2016 Source by sportmetweets
Read moreBT makes last-ditch Openreach offer to avert regulatory break-up
©Bloomberg Sir Mike Rake, chairman of BT, made a last-ditch attempt to avert a potentially disastrous ruling by the UK telecoms regulator that could sever the telecoms group from its profitable infrastructure arm. On the table from BT was a...
Read moreRyanair to focus growth away from UK airports towards Europe
Ryanair’s boss Michael O’Leary said the “significant risks” of Brexit have fuelled plans to cut capacity on its flights from London and shift away from focusing on UK airports. The budget carrier said it would instead spend the next two years...
Read moreBaroness Altmann resigns calling for help for women forced by T …
Baroness Altmann resigns calling for help for women forced to work longer by Tories and an end to Tory board Favours for wealthy -. Paul Flynn (@PaulFlynnMP) July 16, 2016 Source by Helen
Read moreToscafund seeks to oust Speedy Hire chairman
The biggest shareholder in Speedy Hire has called for executive chairman Jan Åstrand to be replaced as the company has been hammered by losses. Asset manager Toscafund, a 19.44pc shareholder, said turnaround specialist David Shearer should be...
Read moreWhat are the key considerations into account #trustees Should Take During a #pen …
What are the key considerations #trustees Should take into During account to #pension scheme #buy -out? @Partnership_ https://t.co/sRq63ri2sO – PMI Pensions (@PMIPensions) July 22, 2016 Source by PMI Pensions
Read moreFTSE 100 climbs but pound remains weak as investors eye Fed and Bank of Japan meetings
In a note to its clients this morning, Goldman Sachs has said loan growth, margin squeezes and credit costs will be the areas investors will focus on in the banks’ earnings this quarter. Reuters has the latest: Loan growth, margin...
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