Cheers! High court rules SABMiller shareholder vote over Megabrew can be split August 23, 2016 Megabrew is still fizzing along. The High Court has ruled that SABMiller shareholders can be treated as two classes when they vote on the takeover by Anheuser Busch InBev – dubbed Megabrew. SAB requested the split as the £79bn deal requires 75 percent approval by SAB shareholders – with the largest two stakeholders controlling 40 per cent of the shares. Read more: [...]
The man who bought BHS for £1 has been given a six-month driving ban for speeding August 23, 2016 Dominic Chappell – the bankrupt who bought BHS for £1 – has been given a six-month driving ban for speeding. Former racing driver Chappell became involved with BHS because he would drive Paul Sutton – a convicted fraudster who also tried to buy the retailer – to meetings with Sir Philip Green. Read more: See inside the house Dominic Chappell [...]
Manufacturing exports jump on weaker pound August 23, 2016 Manufacturing exports are running at their highest level in two years thanks to the pound's post-referendum slump, the CBI's latest Industrial Trends survey has revealed. The survey of manufacturers, published this morning, also showed the overall health of the sector was better than expected, but firms predicted the prices they pay for materials will rise over the next [...]
Lord Farage? At least one Ukip leadership contender wants Nigel in the House of Lords August 23, 2016 Ukip leadership candidate Lisa Duffy has called for Nigel Farage to be handed a peerage, granting the former leader a life-long seat in the House of Lords. Farage is currently serving in the European Parliament, and will do so until the UK leaves the EU. He lost out at the 2015 General Election to former Ukipper [...]
Here’s where Trump sits on the psychopath scale August 23, 2016 Is Donald Trump completely nuts? It's a question asked by a fair few people as the race to the White House heats up and the Trumpster's comments, on everything from immigration to his rival Hillary Clinton, elevate to ever more absurd levels for a Presidential candidate. Now academics at Oxford University have analysed Trump's tendencies toward the extreme, ranking him [...]
Labour hits out at government complacency leading to “pension crisis” August 23, 2016 Labour has slammed the government for failing to take action over pensions on the back of a survey finding that three in five people taking money out have no plans for care in old age. The survey from Citizens Advice found more than half of people who have taken money out under new pensions freedoms [...]
Edinburgh should stay the top UK location for commercial property investment outside London post-Brexit August 23, 2016 | City Talk It’s fair to say we live in interesting times post-Brexit. The only tangible outcome of the United Kingdom’s EU referendum on 23 June has been uncertainty so far. But while many across corporate Britain wait for greater clarity, property deals continue to be made – with investors showing a clear preference for traditionally strong, robust [...]
No man is an island: Air Mauritius benefits from a move out of its comfort zone August 23, 2016 Air Mauritius posted its best first quarter results in ten years as lower oil prices piloted a return to profitability. Although modest, the €2m net profit for the three months to June 2016 was a huge turnaround from a €9.8m loss during the same period in 2015. "This positive performance is due to the company’s efforts to improve [...]
Almost one-in-three former Labour backers say Jeremy Corbyn was the chief reason behind their move away from the party August 23, 2016 Jeremy Corbyn has been the largest single factor behind drooping Labour support, according to a Yougov study of 200 former Labour backers. Of 1,000 Labour supporters previously interviewed by the pollster, Yougov returned to roughly 200 who said they would no longer back the party and get the main reasons behind their rejection of Labour. Respondents were [...]