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 [...]
Struggling newspaper group Johnston Press set for activist investor meeting September 11, 2016 Newspaper publisher Johnston Press could come under pressure this week when its chairman meets with an activist investor. The company’s share price has fallen from close to 100p this time last year to 8p. Johnston Press publishes more than 200 regional and local newspapers and bought the national i newspaper from the Independent publisher earlier this year. [...]
Sumo Digital bought by small and medium-sized business investment specialist September 11, 2016 A private equity fund focussed on investing in the north of England made a healthy return by selling the video game developer behind Sonic and Sega All Star Racing. NorthEdge sold Sumo Digital to London-based private equity house Perwyn. Read more: Struggling retailer Game Digital's stock dips after new chairman appointed The sale sees NorthEdge realise a return that [...]
Labour donor Michael Foster has been suspended from the party for likening Corbyn backers to stormtroopers September 11, 2016 Labour has suspended one of its most prominent individual donors over an article which likened backers of Jeremy Corbyn to Nazi stormtroopers. Michael Foster made the comparison in the Mail on Sunday last month, after losing out in a legal challenge on Corbyn's eligibility for the party's leadership contest. And Foster revealed his suspension in [...]
Hillary Clinton cuts short 9/11 memorial attendance after feeling unwell September 11, 2016 Hillary Clinton has cut short her attendance at a 9/11 memorial in New York City after feeling unwell, but has since recovered, a comment from a campaign spokesperson said. The Democratic Presidential candidate was seen being escorted from the event at Ground Zero with some reports suggesting she had fainted. In a statement a spokesperson said: "Secretary Clinton attended the [...]
Driverless cars could spell disruption for unprepared insurers as motor insurance premiums fall September 11, 2016 INSURERS need to prepare for the potential disruption – and opportunities – arising from driverless cars according to Aon Benfield, the global reinsurance intermediary of insurance giant Aon. “Adoption of autonomous vehicles will of course be affected by many variables such as regulatory challenges, cost to the consumer, safety, vehicle ownership preferences, and the technology [...]