Helical shares surge on confirmation of bidder interest June 10, 2019 Shares in property developer Helical surged nearly five per cent this morning after it confirmed it has received multiple unsolicited approaches from buyers. “We can confirm that the company has in the recent past been in receipt of more than one unsolicited approach from different parties,” it announced to the stock exchange. “To date all [...]
Thomas Cook shares take off on potential Fosun deal June 10, 2019 Thomas Cook shares soared more than 18 per cent this morning after the travel agent confirmed it was in talks with Fosun International over the sale of its tour operator business. The Chinese tourism company, which is Thomas Cook’s largest shareholder, has approached the company over a potential takeover. Read more: Fosun lines up bid [...]
Aviva pushes out female senior exec while on maternity leave June 10, 2019 Insurer Aviva has pushed out one of its most senior female executives while she was on maternity leave. Chief people officer Sarah Morris went on maternity leave last July and was put on gardening leave at the end of May, the Sunday Times reported. Aviva refused to comment on the circumstances of Morris’s departure. In [...]
Hargreaves Lansdown boss apologises for Woodford fund suspension June 10, 2019 The boss of Hargreaves Lansdown has apologised to clients who have been affected by the suspension of investor Neil Woodford’s flagship fund. In a statement Chris Hill said: “I would like to apologise personally to all clients who have been impacted by the recent problems with the Woodford Equity Income Fund. We all share their disappointment [...]
High street retailers take hit from drop in footfall June 10, 2019 High streets, retail parks and shopping centres all suffered a year-on-year drop in footfall last month, according to new figures which underline the tough trading conditions facing bricks and mortar firms. The number of shoppers plunged by 3.5 per cent in May, compared with a drop of 0.4 per cent during the same month last [...]
Three becomes latest UK mobile operator to set 5G launch date June 10, 2019 Mobile operator Three will begin the rollout of its 5G network across the UK from August, the company said today. Read more: 5G explainer: Everything you need to know about the next-generation network Three said it will launch the next-generation network with a 5G home broadband service in London. The firm will then roll out [...]
City Moves for 10 June – who’s switching jobs at CIMA, Wells Fargo and London Wall Partners? June 10, 2019 Who’s on the move today? CIMA Canadian finance leader Amal Ratnayake has been named 86th president of the Chartered Institute of Management Accountants (CIMA). In May, Ratnayake was also confirmed as chairman of the Association of International Certified Professional Accountants. As CIMA president, Ratnayake will represent 228,000 members and students across the world and be [...]
French Open: Rafael Nadal remains King of Clay as he writes yet more records in win against Dominic Thiem June 9, 2019 How many sporting situations are more difficult than facing Rafael Nadal at Roland Garros? On his beloved clay surface Nadal is both the unstoppable force and the immovable object of the classic paradox. And so Dominic Thiem found yesterday in Paris, going down 6-3, 5-7, 6-1, 6-1 in just over three hours as the Spaniard [...]
Indian fans make themselves at home in The Oval amid thumping win over Australia June 9, 2019 There was a fun game to be played at the Cricket Wold Cup match at The Oval today: spot the Australian. Canary yellow shirts were an endangered species inside the stadium, bright dots amid a sea of raucous, passionate, pulsating Indian blue. Even when you thought you’d located a group of Aussie supporters there was [...]
G20 vows to crack down on tech giant tax havens by 2020 June 9, 2019 Tech giants such as Facebook and Google will face a crackdown to ensure they pay their corporate taxes in full, after G20 finance ministers vowed to wrap up new laws by the end of the year. In a communique issued after a meeting in Japan, the finance ministers said they would compile new rules to [...]