DEBATE: Would the Sainsbury’s-Asda merger be good for consumers? May 1, 2018 | City Talk Would the Sainsbury’s-Asda merger be good for consumers? Richard Hunter, head of markets at Interactive Investor, says YES. Large deals such as these will always result in winners and losers, with suppliers and some of the competition potentially falling into the losers camp. However, it is difficult to see that consumers would be anything other [...]
Lord Adonis is spot on, BBC bias could swing an election May 1, 2018 Lord Adonis doesn’t like the BBC very much these days. Peruse the arch-Remainer’s Twitter account, and you will regularly see denouncements of the “Brexit Broadcasting Corporation”, which supposedly created Nigel Farage himself, and determined the eventual Brexit referendum result. It “fanned the populist flames” and might better be described as “the public disservice broadcaster”, according [...]
Kicking off: War of words between former boss Bob Mackenzie and car insurance giant AA rolls on May 1, 2018 Former AA boss Bob Mackenzie has found himself in the spotlight once again, following allegations that he hushed up a street fight which left him unable to deliver presentations to major City investors. The legal battle between Mackenzie and the roadside assistance giant ramped up yesterday after court filings of the AA’s defence were revealed [...]
Court of Appeal to hear British Airways’ challenge against pension trustee powers April 30, 2018 The Court of Appeal is gearing up hear the latest round of the bitter dispute between British Airways and its pension trustees over a new power granted by the trustees to award additional payments to staff. The high-profile case centres on the switch of public sector pension increases from the Retail Price Index (RPI) to [...]
Sainsbury’s boss Mike Coupe apologises for singing “we’re in the money” as concerns grow over Asda merger April 30, 2018 Sainsbury’s boss Mike Coupe was left embarrassed this evening as he was caught on camera singing “We’re in the Money”, on the day the supermarket announced details of a merger with Walmart-owned Asda. Coupe’s little ditty came as unions and MPs raised concerns that the deal could result in job losses and a squeeze on [...]
Private equity-backed floats outperform the market April 30, 2018 Private equity-backed initial public offerings (IPOs) are trading on average 43.9 per cent above their offer price compared to 26.6 per cent for non-private equity flotations, research has shown. According to a report from The British Private Equity & Venture Capital Association (BVCA) in association with PwC, private-equity backed IPOs are significantly outperforming floats not [...]
New home secretary Sajid Javid should develop an immigration system fit for 21st century, post-Brexit Britain April 30, 2018 The appointment of Sajid Javid as home secretary may have been designed to stem the blood from a self-inflicted wound, but it could have far reaching consequences for the government – and for UK immigration policy. Javid is a red-blooded free-marketeer, and marks a break with the metropolitan centrism of his predecessor, Amber Rudd, whose [...]
Lustica Bay, Montenegro’s €1.1bn regeneration project, is set to transform property values in the area April 30, 2018 In Montenegro, legend has it, the island of Our Lady of the Rocks was built up from nothing over centuries by fishermen laying a boulder at the site after every successful catch. Lustica Bay, Montenegro, from €297,000 For sheer force of will, the huge development taking place at nearby Lustica Bay must surely be the [...]
Opinion: Why Gibraltar is a rock solid investment, despite being caught in Brexit’s cross-hairs April 30, 2018 Lesser known than some of its European counterparts, the British overseas territory of Gibraltar has hit the headlines recently. A few weeks ago, the British government guaranteed Gibraltar’s access to UK financial markets until 2020 – with a framework being developed to take it beyond that against the backdrop of Brexit. Earlier in January, Gibraltar’s [...]
Peer hits out at “agenda” behind Brexit amendment April 30, 2018 A Green Party peer has hit out at the “agenda” of members of the House of Lords pushing for an amendment that will allow parliament to have a say in the final Brexit deal. Baroness Jones of Moulsecoomb criticised peers that supported the amendment having originally said that she planned to vote for it. Read [...]