Labour leader candidates Yvette Cooper and Andy Burnham back 50p rate of tax May 31, 2015 Labour leadership candidates Yvette Cooper and Andy Burnham both say they support former Labour leader Ed Miliband’s proposal to raise the top rate of tax to 50p. Cooper said yesterday that increasing taxes for individuals earning more than £150,000 was “the right thing to do.” “I think that’s about Labour values, about saying the tax [...]
WPP braced for new revolt over Martin Sorrell’s £43m May 31, 2015 Controversy over WPP chief executive Sir Martin Sorrell’s remuneration has erupted once more, after two leading proxy advisory groups raised concerns over the £43m pay package he received last year. The size of Sorrell’s payout has remained a sticking point for many investors, despite the advertising giant introducing a new policy in 2013 and abandoning [...]
Deloitte promotes more female partners in drive for equality May 31, 2015 Big four accountancy firm Deloitte promoted 22 women to the position of partner today, in its biggest ever round of appointments. The promotion of 75 new partners also includes 23 outside London as the business expands its reach outside the capital. And it announced a “return to work” scheme designed to help women who have [...]
John Kerry cancels Europe visit after biking accident in France May 31, 2015 US SECRETARY of State John Kerry has cancelled visits to Madrid and Paris and returned home to the US after breaking his leg in a cycling accident in the French Alps. Kerry broke his leg in an accident while cycling a portion of the Tour de France route near Scionzier. The injury is not life-threatening [...]
David Cameron says free childcare to double in 2016 to 30 hours per week for working parent households May 31, 2015 Working parents can look forward to 15 hours of additional free childcare each week as soon as next year, the Prime Minister will say today. David Cameron will announce that the government is bringing forward its plans to increase free childcare for working parents, from 15 hours to 30 hours per week. On [...]
Former deputy PM Nick Clegg blacklisted from entering Russia May 31, 2015 FORMER deputy Prime Minister Nick Clegg has been banned from going to Russia. Clegg’s name appeared on a blacklist of 89 European politicians and media leaders handed to an EU delegation in Moscow last week. Clegg prohibited Liberal Democrat ministers from attending the Winter Olympics in Sochi and has called for Russia to be stripped [...]
Brookfield: Center Parcs’ next big owner May 31, 2015 Family favourite Center Parcs looks set to change owners, with Brookfield interested in snapping it up Adventure holidays are very big business. Family-friendly Center Parcs runs five sites around the UK, and made profits of £147m last year. And its sustained success attracts the very biggest investors. Private equity group Blackstone is selling the group, [...]
JP Morgan’s lead over broking rivals increases May 31, 2015 US INVESTMENT bank JP Morgan increased its dominance in corporate broking in the UK, gaining two new listed clients in the past year, according to a study out today from Adviser Rankings. JP Morgan has 204 listed clients, up from 202 a year ago and well above second-placed Numis’ 160 clients. Panmure Gordon is in [...]
Dunelm founder Bill Adderley sells majority of his stake in Marks & Spencer May 31, 2015 Bill Adderley, the billionaire founder of homeware retailer Dunelm, has sold most of his shares in Marks & Spencer three years after building up a stake to become the firm’s largest private shareholder. Adderley has sold two thirds of his three per cent stake in M&S, telling the Sunday Times that there were “a couple [...]
Morrisons may face revolt over Dalton Philips’s £3m pay package May 31, 2015 Morrisons is expected to clash with shareholders this week over the supermarket’s ousted chief executive Dalton Philips £3m pay package. Philips was forced to step down in February, after failing to halt the decline in sales at the grocer during his five years in charge. He walked away with a £1.1m payoff, as well as [...]
