US hedge fund considers bid for Four Seasons Health Care July 11, 2019 A US hedge fund is considering making a formal offer for the UK’s second biggest care home operator after it collapsed into administration earlier this year. Davidson Kempner Capital Management is preparing to make a bid for the parent company of Four Seasons Health Care, Sky News reported. Read more: Four Seasons appoints administrators The [...]
Landsec chief executive Robert Noel to retire July 11, 2019 Landsec chief executive Robert Noel is set to step down next year, the property giant announced today. Noel will retire after ten years at the firm and eight in the chief executive role after he joined Landsec as managing director of the London portfolio in 2010. Read more: Landsec: A tale of two portfolios He [...]
HS2 Birmingham: The £435m station nobody wants to build July 11, 2019 HS2 has abandoned its initial hunt for a contractor to build its Birmingham station, after firms were unwilling to take on the risks associated with the £435m job. The railway said it will rethink the procurement process for its Curzon Street station so as to reduce contractor risk and increase competition. Read more: Business leaders [...]
Richard Branson: Sterling could hit dollar parity in no-deal Brexit July 11, 2019 A no-deal Brexit could cause sterling to crash until it hits parity with the dollar, according to Virgin entrepreneur Sir Richard Branson. Read more: Richard Branson’s Virgin Orbit to test satellite launch rocket Branson warned this would be “devastating” for Virgin brands, which cover rail, air travel, financial services and media, and could lead the [...]
10 most-popular funds – June 2019 July 11, 2019 | City Talk By Jemma Jackson from interactive investor. Passive and active managers jostle for space in last month’s list of favourite funds on the interactive investor platform. interactive investor’s June platform purchases provide further evidence, were it needed, that active management has taken something of a knock in recent times – as well as demonstrating the unstoppable rise of Vanguard. [...]
Cuadrilla to restart fracking at Lancashire site July 11, 2019 Fracking will restart at Cuadrilla’s Lancashire site soon, the company confirmed today, as it continues to press for looser regulation. Chief executive Francis Egan said his firm will gather more data from the site, and test the flow of natural gas. Read more: Anti-fracking protesters deal blow against Ineos in court The Preston New Road [...]
Tom Watson and Sadiq Khan decry Labour ‘antisemitism’ after Panorama probe July 11, 2019 Prominent Labour figures were left aghast last night after a BBC investigation claimed people at the top of the party had minimised complaints of antisemitisim against its members. Deputy leader Tom Watson and London mayor Sadiq Khan were among those who spoke out after the allegations, which implicated general secretary Jennie Formby and communications director [...]
Indivior shares soar as Suboxone posts slower market share decline July 11, 2019 Indivior soared on the markets this morning as it raised full-year guidance after its Suboxone lost less market share than was expected. Shares had jumped nearly 40 per cent by around 9am, as the company raised net revenue guidance to between $670m (£495m) and $720m. It had previously forecast revenues of $525m to $575m. They [...]
US Department of Justice probes Deutsche Bank links with 1MDB July 11, 2019 Deutsche Bank is reportedly being investigated by the US Department of Justice over whether it violated anti-money laundering laws in its work with scandal-hit Malaysian state fund 1MDB. US officials are understood to be probing the German lender over its ties with the 1MDB investment vehicle between the years of 2009 and 2014, when billions [...]
Reckitt Benckiser agrees $1.4bn settlement in US opioid case July 11, 2019 Reckitt Benckiser said today it has agreed to pay $1.4bn (£1.1bn) to settle a case in the US over its opioid addiction treatment. The London-listed company agreed the fine after being accused by the Justice Department of illegally increasing prescriptions for Suboxone Film. Read more: Reckitt Benckiser picks Pepsico executive for top job The firm [...]