Theresa May should support migrant entrepreneurs to create more British jobs, a new report argues September 12, 2016 Migrant entrepreneurs must be handed more support by government to boost the UK after Brexit, a new report has said. A joint study by the Institute of Directors and Brazilian-born entrepreneur Rafael Dos Santos has called for more recognition of the challenges facing entrepreneurs from overseas, including a lack of recognised credit history. The report, [...]
Brexit has had little impact on the UK advertising market so far, new report shows September 12, 2016 The short-term impact of the UK’s Brexit vote on the advertising industry has not been as bad as was feared, a new report out today reveals. Zenith’s advertising expenditure report is forecasting 5.4 per cent growth this year, down 0.2 percentage points from previous estimates. Read more: Project Juno: Newspapers put aside differences for united [...]
US Presidential Election 2016: Hillary Clinton confirmed as having pneumonia after leaving 9/11 event September 11, 2016 Hillary Clinton was diagnosed with pneumonia last week, her doctor revealed tonight after the presidential candidate was forced to leave a 9/11 memorial service early because she felt unwell. The Democrat appeared to stumble as she was escorted from the service in New York by her security team and led to her daughter's apartment, close to the ceremony. She emerged [...]
Insolvency Service quizzed Chappell consultants over £1 BHS purchase September 11, 2016 The Insolvency Service has questioned two consultants who advised former bankrupt racing driver Dominic Chappell over the purchase of BHS. Stephen Bourne and Mark Tasker worked with Chappell ahead of him buying the loss-making chain for £1 from retail tycoon Philip Green. Bourne and Tasker were paid £387,500 each for advising Chappell’s Retail Acquisitions according to [...]
Raspberry Pi maker shareholders set to vote on Avnet takeover offer September 11, 2016 Shareholders in the electronics maker behind the Raspberry Pi computer Premier Farnell will vote on the 185p-per-share offer for the company today. Investors are expected to back the £868m deal, which is seen as a sign the UK’s tech industry is still attractive to overseas investors. The deal requires 75 per cent of shareholders – [...]
Investors eye strong earnings at Morrisons September 11, 2016 Supermarket chain Morrisons is expected to deliver its best half yearly performance in four years this week. The chain, which is in the middle of a back-to-basics turnaround, has been slashing prices and doing deals with competitors to try and tempt customers through its doors. Analysts are expecting like-for-like sales growth of 0.7 per cent [...]
Go Compare to go its own way in Esure demerger September 11, 2016 Go Compare will be spun off from its parent company, Esure, in a £500m demerger to be announced this week, according to reports. Sky News reported this evening the board of insurance group Esure will approve the deal to offload Go Compare and make a formal announcement to the stock market within the next few days. The move follows [...]
Steve Holliday to receive a bumper pension after 10 years leading National Grid September 11, 2016 The former chief exec of National Grid will be celebrating the start of his retirement next month by drawing down on a £11,000 a week pension that kicks-in on his 60th birthday. “We need to retain and recruit high quality management and for that we need a competitive and fair remuneration policy. Board-level remuneration is market-based and [...]
Flybe boss: Forget Heathrow v Gatwick – government should look at issues outside of south east September 11, 2016 For the British aviation industry, the debate of the day (and decade) is south-east airport expansion: Heathrow versus Gatwick. Everyone in the industry has an opinion, and Saad Hammad, the chief executive of regional airline Flybe, is no exception. “From my analysis of the Davies report [into airport expansion], it looks like Heathrow is the [...]
Alexis Tsipras attacks troika divisions for threatening Greek recovery September 11, 2016 Greek prime minister Alexis Tsipras has attacked the arguments over Greece's bailout programme between the International Monetary Fund (IMF) and European Union for stifling the country's recovery. Speaking in Thessaloniki this morning, Tsipras said: "What is creating conditions of delay in regaining trust of markets and investors … is the constant clash and disagreement between the IMF and [...]