Ecigarette firm Vapestick to raise £10m to fund expansion August 4, 2013 An ecigarette company used by a number of celebrities, including Ronnie Wood and Kate Garraway, has confirmed to City A.M. its plans to raise £10m for expansion. Vapestick said that it wants to move quickly to secure a dominant market position, as it believes the industry is currently undergoing a “brand race”. The move follows [...]
Voters turned off politics by lack of choice August 4, 2013 VOTERS are increasingly alienated from the British political process and feel they have little influence over it, according to a ComRes poll released today. More than 60 per cent of those surveyed agreed with the statement “all the major political parties seem to offer pretty much the same policies”, rising to three-quarters among Ukip backers. [...]
Bottom Line: Business is about more than just money August 4, 2013 FAT Charlie – the 1950s hat-wearing mascot – will live on under the terms of the deal struck yesterday between Little Chef owner Rcapital and its new owner Kout. Interestingly the private equity firm said that it chose Kout, not for the amount of money it was offering, but because it was the sole bidder [...]
Natixis eyes up to 700 job cuts ahead of strategy presentation August 4, 2013 FRENCH bank Natixis plans to shed 500 to 700 workers with a voluntary departure scheme that is to be negotiated with unions in September, the Journal de Dimanche reported yesterday. A spokeswoman for Natixis declined to comment on the story. “Several departments will be reorganized at Natixis,” a union source told the paper. “There will [...]
Rudd announces Australian election date August 4, 2013 AUSTRALIAN Prime Minister Kevin Rudd called a 7 September general election yesterday, barely six weeks after he toppled former leader Julia Gillard in a party-room vote, ending a turbulent three years in power for the minority Labor government. Rudd announced the election date in an email to his supporters, telling them “It’s on”.
Tax evasion push hits middle class August 4, 2013 MIDDLE class professionals are feeling the force of the law as the taxman aims for smaller targets. The number of prosecutions for tax evasion doubled over the last year, figures released today show. Growing political pressure led to the crown prosecution service bringing 617 tax evasion prosecutions in the 2012-13 financial year, up from just [...]
Saving changes come into force opening door to duty benefits August 4, 2013 A GOVERNMENT overhaul of independent saving accounts (Isa) allowing junior stock market listed firms into savers’ portfolios comes into force today, paving the way for an inheritance tax free Isa. The move, floated in the 2013 Budget in a bid by chancellor George Osborne to encourage investment into small and medium-sized firms, will mean investors [...]
Happy ending for Plethora chairman Mellon August 4, 2013 LOYAL readers of this page will remember that not long ago, The Capitalist reported on the not-so-well attended AGM of speciality pharmaceutical firm Plethora, which produces a topical spray for the treatment of – let’s just say – unwanted hasty gratification. After shares in the niche company have been on the rise, so to speak, [...]
Londoners close down streets for the Ride London cycle race August 4, 2013 IN PICTURES: Cyclists battle rain on London streets for RideLondon 2014 LONDON Mayor and self-styled “chiselled whippet” Boris Johnson started the Ride London 100 cycling race yesterday, with a wave of a Union Jack flag at the Olympic Park in Stratford. The race saw 16,500 cyclists set off from the Queen Elizabeth Olympic Park and cycle [...]
Retail sales flat as Boles backs high street flats August 4, 2013 HIGH street sales fell flat in July but showed signs of recovery in the final week as consumers took a break from watching sport and headed back to the shops, figures out today show. Like-for-like fashion sales were down 1.1 per cent in July compared to the same month last year, according to accountancy firm [...]
