The unexepected financial advantage of going green: green funds are outperforming fossil fuel black funds September 17, 2015 Going green is finally paying off, as a study has shown that green funds are significantly outperforming “black funds”. Green funds invest only in environmentally friendly companies. But it seems ethical preoccupations needn’t be the only reason for choosing them. The University of Edinburgh Business School analysed 1,400 funds and found that over the past [...]
David Beckham signs deal with Kent & Curwen September 17, 2015 David Beckham has signed a five-year deal with upmarket British sportswear retailer Kent & Curwen that will see the former England captain design ranges and promote the brand overseas. The deal is the first to come out of Beckham and his business partner Simon Fuller’s joint venture with Hong Kong-listed Global Brands Group last year, [...]
Beer giants AB InBev and SABMiller in takeover talks: The long-awaited superbrew merger starts September 17, 2015 The world's largest brewer Anheuser-Busch InBev (AB InBev) has set its sights on a takeover of rival SABMiller, which would create a mammoth global brewery worth $275bn (£177bn). Shares in SABMiller shot up by nearly 20 per cent on the news, pushing the FTSE 100 to a one-week high during yesterday’s trading. The [...]
Insurance deal frenzy shows no signs of stopping as Phoenix considers offer for Cinven subsidiary September 17, 2015 Insurer Phoenix Group today confirmed it’s in talks about a possible takeover of Cinven-owned Guardian Financial Services. “Phoenix has been evaluating Guardian Financial Services as part of an on-going sale process for the Guardian Financial Services business,” it said in a statement to the London Stock Exchange today. “Discussions remain on a non-exclusive basis. There [...]
Glencore share price: Debt-struck resuorces giant calms investors with £1.6bn cash call September 16, 2015 Glencore’s share price closed 5.2 per cent higher yesterday, after a £1.6bn share placing reassured investors that the debt-struck resources giant could turn around its fortunes. The FTSE 100 commodities trader and miner rallied to 134.7p per share, having plummeted to an all-time low of 118.10p on Tuesday, due to market jitters about Glencore’s unwieldy [...]
Former Anglo American and BHP Billiton chiefs Cynthia Carroll and Marius Kloppers move on to new positions September 16, 2015 Two former chief executives who presided over mining giants during the financial crisis have moved on to pastures new. Cynthia Carroll, who was chief executive of Anglo American from 2007 to 2013, has been hired as an adviser at Indian mining conglomerate Vedanta Resources. “Having known Cynthia for many years, I look forward [...]
Entertainment One share price jumps as Canada Pension Fund buys £142m majority stake from Marwyn Value Investors September 16, 2015 A Canadian pension fund has splashed millions on taking a majority stake in Entertainment One, the film and TV company behind the global hit children's show Peppa Pig. Shares in the company, which also distributes movies such as the Hunger Games, jumped by more than seven per cent in morning trading as the Canada Pension [...]
Nestle suffers setback over KitKat trademark as European Court of Justice rules that four-fingered shape cannot be copyrighted September 16, 2015 The European Court of Justice is not giving KitKat a break. If anything, it's giving the chocolate brand four fingers. Nestle’s five-year battle to protect the shape of its KitKat chocolate bar has suffered another setback after European judges ruled that it did not merit a trademark. The ECJ said that the four-finger shape alone [...]
Imagination Technologies share price falls after profit warning on first half loss September 16, 2015 Imagination Technologies's share price tumbled 7.4 per cent today to 240.25p per share, after the British graphics chip designer issued a profit warning for its first half. The company, which recently rejoined the FTSE 250, said its underperformance was down to weakness in the semi-conductor market, which is partly due to the slowing Chinese economy. [...]
Westfield and Hammerson’s £1bn Croydon shopping centre clears another hurdle after secretary of state approves compulsory purchase order September 16, 2015 Westfield and Hammerson’s plans to turn the Whitgift Centre in Croydon into a new £1bn retail destination have cleared another hurdle after secretary of state Greg Clark approved a compulsory purchase order (CPO) of the site. The developers are working together to convert the tired 1960s shopping centre and the neighbouring mall Centrale into a two million [...]