American Formula One takeover edges closer but subject to European Commission sign-off September 4, 2016 The eagerly-anticipated sale of Formula One to Liberty Media will need to navigate a series of tight chicanes including potential scrutiny by the European Commission (EC). Private equity fund CVC is putting the final touches to a $9.1bn (£6.8bn) deal that will see the American media giant take full control of Formula One . Fox media mogul Chase [...]
Speedy Hire and Rottweiler set for shareholder showdown on Friday September 4, 2016 The very public dispute between shareholder and boardroom will come to a head this week as Speedy Hire's shareholders vote on proposals by activist investor Toscafund. Speedy Hire's largest shareholder – whose founder Martin Hughes is known by many as the Rottweiler – has called a general meeting, scheduled for this Friday, for shareholders to vote on two [...]
Eyes on the PMI as services and sterling in the spotlight September 4, 2016 Sterling could be set for a bumpy day of trading tomorrow as the closely-watched services purchasing managers’ index (PMI) is set to provide another clue to the health of the post-referendum economy. Analysts expect the industry, which accounts for the vast majority of the UK economy, to bounce back above the crucial no-change 50-mark on the PMI. [...]
Why PwC’s head of people wants firms to try harder with recruitment September 4, 2016 It’s 2016. The UK has its second female Prime Minister running the country, the US could potentially get its first female President later in the year, and there’s no shortage of positive role models for working women looking for inspiration. This makes the revelation of Laura Hinton, head of people and an executive board member [...]
Everything you need to know about tomorrow’s EU referendum rules debate September 4, 2016 The online petition questioning the EU referendum rules – or the so-called second referendum petition – reaches parliament tomorrow, with a debate scheduled in Westminster Hall for the afternoon. The petition, which was started by Leave supporter William Oliver Healey roughly a month before the vote even took place and has received more than 4m signatures, called on [...]
Jaguar powers up electric racing team September 4, 2016 Jaguar will lift the lid on plans for its electric Formula E racing team this week. The car, team, and sponsors are set to be unveiled on Thursday and will compete in the opening race of the Formula E season in Hong Kong next month. Jaguar Land Rover – owned by the Indian industrial giant [...]
Ed “disco” Balls helps Strictly draw record audience September 4, 2016 Who wants to watch Ed Balls dad dancing around a disco floor? A lot of people, it turns out. The much-hyped appearance of the former Labour shadow chancellor on Strictly Come Dancing helped the BBC draw in a record number of viewers to the show for a series debut. The 14th series of the popular Saturday night [...]
Bayer board to debate making a hostile approach for Monsanto September 4, 2016 The board of German multinational chemical and pharmaceutical firm Bayer is expected to debate taking another swing at US seed company Monsanto when it meets next week. Bayer’s supervisory board will meet on 14 September and will weigh up whether to sweeten its offer for Monsanto again or even pursue a hostile takeover, German newspaper Rheinische [...]
More than half of Corbyn backers say British spies are conspiring against the Labour leader September 4, 2016 More than half of Jeremy Corbyn supporters believe that British spies are working to undermine the Labour leader, according to new figures. Unite general secretary Len McCluskey suggested in late June that intelligence agencies could be using “dark arts” against the current Labour leadership. And now the latest polling figures show the idea has become [...]
Balfour Beatty exec lined up to sweeten National Grid bid September 4, 2016 The chairman of Britain's biggest construction company is being lined up to sweeten a bid for National Grid's network of gas pipes which could be worth up to £10bn. The Sunday Times reported that the group of Canadian, British and Middle Eastern investors approached industry veteran and Balfour Beatty chairman Philip Aiken to lead the bid, as the competition heats [...]