Premier Foods’ share price climbs as McCormick ups bid to 65p per share, valuing Mr Kipling parent at £1.5bn March 30, 2016 Premier Foods' share price soared more than 9.3 per cent this morning after US food giant McCormick has upped its bid following the Mr Kipling parent' rejection of its first two offers. McCormick has raised its offer to 65p per share, valuing the firm at £1.5bn, up from the 60p per share overture it made last week. It [...]
Bonmarche’s share price rises as it names Asda director Helen Connolly as new chief executive March 30, 2016 Bonmarche has named Asda director Helen Connolly its new chief executive, replacing Beth Butterwick at the helm. Connolly will take up the role at the womenswear retailer later this year. Bonmarche's share price rose almost two per cent on the news this morning. She is currently senior buying director for George at Asda, where she is responsible for all women's [...]
London mayoral election 2016: Zac Goldsmith and Sadiq Khan square off over Transport for London (TfL) fares and services March 30, 2016 Conservative mayoral candidate Zac Goldsmith and his Labour rival Sadiq Khan will square off today over their plans for public transport in the capital, with Goldsmith vowing to protect investment in Transport for London (TfL) and Khan accusing the Richmond Park MP of planning to raise TfL fares by 17 per cent. Goldsmith is set to [...]
City Moves for 30 March 2016 | Who’s switching jobs March 30, 2016 RateSetter Marketplace lender RateSetter has made two senior appointments in credit and risk. Jim Gunner has joined the board as a non-executive director and chair of the risk committee. Nigel Wilkinson has joined as head of commercial credit. Both executives are ex-HSBC. Jim has spent his career in banking, most of it specialising in risk [...]
UK steel crisis: Tata Steel looking into sale of UK assets, including Port Talbot operation in Wales, as Labour leader Corbyn and unions call for government intervention March 30, 2016 Tata Steel is set to sell its UK assets, putting thousands of jobs at risk, after crunch talks held yesterday between the company, politicians and union bosses in Mumbai failed to deliver a different solution. The company said last night that it had told the board of Tata Steel Europe to "explore all options for portfolio restructuring including [...]
National Living Wage: One in three workers in wage hotspots will benefit when new rules come in on Friday but very few workers in London will see their pay rise March 30, 2016 Around a third of workers in some parts of the country will see their pay packets boosted when the National Living Wage (NLW) comes into force on Friday but not many Londoners will be receiving a payrise. According to research released today by the Resolution Foundation, workers in Torridge, Devon, stand to gain the most from NLW, [...]
UK savings: People in their 30s and 40s are adopting a YOLO attitude and failing to set money aside for their future March 30, 2016 It may well be the hashtag that defines generation Z but, when it comes to savings, it's those in their 30s and 40s who have adopted a you-only-live-once attitude. Research published today by Scottish Widows has found that almost half (45 per cent) of those aged between 35 and 49 are shunning saving for the future [...]
Brazil central government posts primary budget deficit March 29, 2016 Brazil's central government has posted a primary budget deficit of 25.1bn reais (around £4.bn) in February, almost 12bn reais (over £2bn) higher than expected. A Reuters consensus estimate of nine economists had expected the deficit of the government account, which covers the central bank, federal ministries and social security, to reach 13.8bn reais. The February deficit was the [...]
EU referendum: Bank of America bans its staff from saying ‘Brexit’ March 29, 2016 Bank of America has reportedly instructed its senior staff to avoid using the word Brexit in conversations with clients. The US bank also told employees not to provide opinions or influence voters, and "not to assume a particular result and not to engage in campaigning", according to the Financial Times. The group has also reportedly [...]
PMDB party pulls out of Dilma Rousseff’s governing coalition in latest turn in Brazil’s political crisis March 29, 2016 The largest party in Brazil's ruling coalition, the PMDB, has voted to leave the government in an "immediate exit" and said it will pull its members from president Dilma Rousseff's cabinet. The centrist Brazilian Democratic Movement Party made the decision to withdraw the six remaining ministers in Rousseff's cabinet at a leadership meeting today. The PMDB's ministers, including the country's [...]