Cineworld narrowly avoids blockbuster revolt as ‘significant minority’ of shareholders object to executive pay May 16, 2018 The drama brewing among Cineworld shareholders was cut short at today’s AGM, as a slim majority of investors approved proposals to award the cinema chain’s boss a maximum pay packet of more than £3m. Cineworld’s chief executive Moshe Greidinger could see his pay rise by up to 37.8 per cent under the new remuneration policy [...]
England World Cup 2018 squad confirmed: Gareth Southgate names Trent Alexander-Arnold and Ruben Loftus-Cheek in 23-man squad May 16, 2018 England manager Gareth Southgate has called up uncapped Liverpool youngster Trent Alexander-Arnold to his squad for the 2018 World Cup in Russia. Elsewhere, their were few surprises in the final 23-man squad selected for the tournament. Southgate’s commitment to youth was further underlined in the selection of Chelsea’s Ruben Loftus-Cheek in midfield who was chosen [...]
UK bank HSBC holds on to the title of Europe’s largest – but Barclays and RBS slip down the ranks May 16, 2018 HSBC has held on to the title of Europe’s largest bank once again, according to new data, as the top four remained unchanged. Ranked by total assets, HSBC tops the chart with €2.1 trillion (£1.8 trillion), research from S&P Global Market Intelligence showed. Unchanged from last year, the UK institution was followed by France’s BNP [...]
Fitness advice: How keeping a diary could help you hit your health goals May 16, 2018 Having worked with thousands of clients since opening No1 Fitness nine years ago, I’ve worked out what the single most underrated part of a fitness regime is: the initial consultation. Everyone has a goal. And everyone will tell you what they want to achieve. But the two aren’t always the same thing. There are a [...]
Government renationalises East Coast rail franchise stripping it from Virgin East Coast owner Stagecoach May 16, 2018 The government today renationalised Britain’s East Coast railway, stripping Stagecoach of its loss-making franchise. Transport secretary Chris Grayling appointed an “operator of last resort” to replace Virgin Trains East Coast – a joint venture between Stagecoach and Virgin. The historic London and North Eastern Railway (LNER) livery will return. A new board and an independent [...]
London ranked as number one city for proptech in Europe behind Amsterdam, Berlin, Paris and Stockholm May 16, 2018 London is the best city in Europe when it comes to the usage of technology in the property sector, or so-called proptech, according to research from legal practice Osborne Clarke. The survey of technology experts from across Europe found that 42 per cent think London is the leading city for proptech, followed by Amsterdam, Berlin, [...]
Premier Oil ramps up oil production to pay off £2bn debt May 16, 2018 Premier Oil is ramping up its oil production, taking advantage of the four-year high crude prices to start paying off its $2.7bn (£2bn) debt. The company announced that the Catcher field production had reached the promised 60,000 barrels per day and that it is on track to reach its set production goal of 80,000 to [...]
Londoners more cautious about digital shopping than rest of world May 16, 2018 Londoners are not getting carried away with the fast-changing nature of retail compared with internet users around the globe, new research has shown. Research from Ericsson found that an increase in people using smartphones to pay for goods and services was leading to a second shift of consumers calling on the help of ‘digital shopping [...]
RBS moves another step closer to privatisation as merger of Alawwal with Saudi British Bank takes a chunk of risk off its balance sheet May 16, 2018 It may seem unlikely, but a Saudi Arabian bank merger announced today means Royal Bank of Scotland (RBS) could be one step closer to returning to private ownership. The proposed merger of HSBC-backed Saudi British Bank (Sabb) and Alawwal would allow RBS, which was bailed out by the taxpayer during the financial crisis and is [...]
Europa League final: Why American businessmen have invested in clubs like Marseille and Liverpool May 16, 2018 Marseille fans looking forward to tonight’s Europa League final against Atletico Madrid have soccer-playing school kids in the United States to thank, according to David McCourt, whose brother Frank has revived the club. The French team, in their first major European final for 14 years, were one of four sides in this year’s Champions League [...]