‘Financially illiterate’: Tim Martin has a scathing assessment of Glass Lewis advisory service November 3, 2019 Tim Martin, the boss of JD Wetherspoon pubs, has launched a broadside against shareholder adviser Glass Lewis, after it said investors should vote against the company’s pay policy. Glass Lewis, which is the second-biggest shareholder advisory service in the world, raised concerns about a “significant” increase in pay for the pub group’s finance chief for [...]
Sir Philip Green in talks to secure £300m by Christmas November 3, 2019 Embattled retail magnate Sir Philip Green is in talks with lenders about borrowing more than £300m that he needs by Christmas to pay off a loan secured against his flagship Oxford Street Topshop store. Read more: Sir Philip Green’s Arcadia reveals huge losses amid CVA controversy Among the possible suitors is US private equity company [...]
Conservative party tees up a National Insurance tax cut in its election manifesto November 3, 2019 Boris Johnson is preparing to give a tax cut of up to £460 to the country’s lowest earners if victorious at next month’s general election. The Conservative party is reportedly planning on doing this by raising the wage threshold at which people start to pay National Insurance as a part of the Tories’ election manifesto. [...]
Labour to spend £60bn on household energy programme November 3, 2019 The Labour party this morning announced a £60bn programme of housing improvements designed to cut carbon emissions 10 per cent by 2030. The initiative, which is the largest upgrade of UK households since the post-war reconstruction, will create 450,000 jobs by installing energy saving measures in almost all of the UK’s 27m homes. Read more: [...]
Former business minister Margot James will not run in the election November 3, 2019 Former business minister and Tory rebel Margot James will not stand at next month’s general election due to insufficient support from her local Conservative party. James was one of 21 Tory MPs to have the party whip removed in September for voting with opposition parties to stop a no-deal Brexit. Read more: Ten ex-Tory rebels [...]
M&C Saatchi in informal talks with M+A adviser Clarity November 3, 2019 Tory advertising agency M&C Saatchi is reportedly in talks with external advisers about a potential strategic overhaul, prompting speculation the company may be looking for a buyer. The ad agency – notorious for its involvement with Conservative party election campaigns – has lost more than half of its stock market value since the discovery of [...]
Ex-Donald Trump strategist Steve Bannon considers Daily Telegraph purchase November 3, 2019 Controversial former Donald Trump strategist Steve Bannon is organising a bid for The Telegraph to turn it into a vehicle for his brand of economic nationalism. It was reported last week that the title’s owners – tycoon twins Sir David Barclay and Sir Frederick Barclay – were looking to sell the national newspaper. Read more: [...]
Heinz and Unilever advertise on Pornhub, UK’s most popular adult website November 3, 2019 Unilever and Kraft Heinz, two of the world’s largest consumer goods retailers, have run advertisements on Pornhub, the world’s biggest porn website. A Sunday Times investigation revealed that earlier this year Unilever, which is behind brands such as Dove, Marmite and Hellman’s mayonnaise, ran a campaign on the site for male grooming company Dollar Shave [...]
Nigel Farage will not stand for a seat at the general election November 3, 2019 Nigel Farage has said he won’t stand in the general election so he can concentrate on helping other Brexit Party candidates win their seats. Farage, who announced on Friday the party would run in hundreds of seats unless Boris Johnson agrees to an alliance, said he wanted to focus his time on making appearances across [...]
Jeremy Corbyn brands the government’s fracking ban as an ‘election stunt’ November 2, 2019 Jeremy Corbyn has labelled the halt to fracking as “an election stunt” by the government. The suspension came following scientific research raised fresh concerns that the risk of earthquakes was linked to fracking – a controversial method for extracting shale gas. Read more: Government bans fracking with immediate effect Corbyn has called the U-turn by [...]