A bad start to the year for Sainsbury’s, Anglo American, Aberdeen Asset Management and Burberry, who top the list of most shorted shares of 2016 January 5, 2016 Sainsbury's yesterday revealed it had made an approach to takeover Home Retail Group, the owner of Argos and Homebase, in a bid to reverse its faltering fortunes. The report came as the extent of the Big Four supermarket’s woes were laid bare by new data revealing that its shares were the most shorted on the [...]
Chief financial officers less concerned about Brexit uncertainty this year January 5, 2016 UK finance chiefs are more concerned about the domestic economy than they are about the uncertainty generated by a referendum on Britain's EU membership, new survey figures reveal today. The uncertainty surrounding a Brexit was cited as a risk by 41 per cent of chief financial officers (CFO), down from 50 per cent last year, according to the [...]
Record venture capital investment into London tech companies reaches £1.56bn January 5, 2016 Venture capitalists poured a record $2.28bn (£1.56bn) into London’s tech scene last year, according to data from London and Partners, the Mayor’s promotional company. London secured 63 per cent of investment in the UK, which is a testament to London's “world-class talent pool and culture of innovation and entrepreneurial spirit,” according to Mayor Boris Johnson. [...]
Ban Donald Trump from the UK? MPs to debate petition to ban the Republican frontrunner from entering the country on 18 January January 5, 2016 MPs have been granted a debate on whether or not to ban controversial US presidential candidate Donald Trump from entering the UK following a petition that was signed by some 560,000 people. A Commons committee which vets all petitions that get more than 100,000 signatures approved the petition for a Westminster Hall debate, slated to [...]
Restaurants should cash in on the FreeFrom market and tolerate those with food intolerances January 5, 2016 NULL
New garden city near Heathrow Airport: First look at the Bedfont Lakes Neighbourhoods that could bring 20,000 jobs and 2,000 homes to Hounslow January 5, 2016 Hounslow council has just published artist’s impressions of the Bedfont Lakes Neighbourhood development, revealing for the first time what the planned garden city near Heathrow is set to look like. The borough is hoping that the development, part of its Western Borough plan, will bring as many as 20,000 jobs and 2,000 homes to the [...]
Why Fat Cat Tuesday is “pub economics” – and when will your pay overtake the average UK worker? January 5, 2016 Britain’s top bosses have already earned the equivalent of how much the average worker takes home in their entire yearly pay packet, according to new research. The chief executives of the FTSE 100 companies will have earned the average annual salary of £27,645 by the end of Tuesday, the second working day of 2016. However, [...]
Changing of the guard at Hermes Investment Management as former Odey boss David Stewart is named chairman January 5, 2016 Hermes Investment Management today announced David Stewart is to replace Paul Spencer as chairman. Spencer has been chairman since 2011, and on 1 January 2016 he took over as independent non-executive chairman of the Prudential Assurance Company (PAC), the UK subsidiary of Prudential. Stewart is currently a non-executive director at Hermes having joined the board in April last [...]