Green Investment Bank bidder encourages government to push ahead with sale after Brexit vote July 3, 2016 The government has been encouraged to push ahead with its sale of the Green Investment Bank (GIB) and show that the UK is “open for business”. Sustainable Development Capital (SDC), which is among the firms bidding for GIB, has encouraged Whitehall to look beyond Brexit vote uncertainty. Read more: MP wants safeguards on Green Investment [...]
Stock Spirits in more hot water with investors after board of directors appointments at AGM July 3, 2016 Shareholder dissent is brewing again at Stock Spirits, where several investors are "unhappy" with the drinks company's handling of two non-executive director (NED) appointments in May. Two NEDs, former Heineken executive Alberto da Ponte and former PepsiCo executive Randy Pankevicz, were appointed to the Eastern European vodka maker's board at its AGM on 23 May. However, Stock Spirits swiftly categorised the appointments, which [...]
West Country pubco St Austell Brewery toasts Bath Ales acquisition July 3, 2016 West Country brewer and pub owner St Austell Brewery has acquired Bath Ales for a non-disclosed sum. Cornwall-based St Austell, which owns 167 pubs and inns in the South West, will acquire both Bath Ales' portfolio of beer brands including Gem and Barnsey, as well as its 11-strong pub estate in Bristol, Bath, Cirencester and [...]
London Stock Exchange shareholders expected to back £21bn Deutsche Boerse merger – but regulatory hurdles await July 3, 2016 London Stock Exchange (LSE) shareholders are expected to give their backing to the proposed £21bn merger with Deutsche Boerse on Monday. However, gaining LSE shareholder approval is just one of many hurdles the deal is facing in the coming months, with ongoing pressure on the tie-up coming from Germany after the UK’s Brexit vote. Shareholder [...]
Business confidence steady on eve of EU referendum July 3, 2016 On the eve of the referendum UK businesses were feeling optimistic about the future and were ramping up production, a new survey from the CBI has shown. In a survey of businesses conducted in the weeks before the 23 June vote, manufacturers, retailers and services firms reported little sign that pre-referendum nerves were holding them [...]
US-style compensation for Europeans could “overwhelm” Volkswagen July 3, 2016 Volkswagen has rebuffed calls from the EU for a US-style compensation package for European customers affected in the ‘Dieselgate’ emissions scandal. "You don't have to be a mathematician to realise that compensation at arbitrarily high levels would overwhelm Volkswagen," said CEO, Matthias Mueller, speaking to German newspaper Welt am Sonntag. Details emerged two weeks ago [...]
A permanent split in the Labour Party is a distinct possibility according to former deputy leader John Prescott July 3, 2016 Lord Prescott has warned that the Labour party could split into two groups as leader Jeremy Corbyn continues to face calls to resign from his own MPs. Former shadow business secretary Angela Eagle launched a fresh appeal for Corbyn to step down yesterday, telling the BBC he should quit “for the good of the party and the [...]