Admiral boss to leave after 25 years at the top May 13, 2015 ADMIRAL Group boss and founder Henry Engelhardt delivered a characteristically colourful statement to the market yesterday, when the insurance company announced that he will step down as chief executive in one year’s time. Engelhardt, has led the Cardiff-based company since 1991, steering it through its 2004 float, and yesterday his colleagues commended his performance at [...]
Ready meals recalled after metal claims May 13, 2015 PRODUCE Investments shares fell 12.33 per cent yesterday after it recalled “a number” of potato salad products, and other ready meals, as there was a risk that traces of metal could be found in products made by one if its subsidiaries. The potato and daffodil grower released a statement identifying the affected subsidiary as Swancote [...]
Buyout barons dig deep to raise cash for charity May 13, 2015 THE GREAT and good from the M&A world were at The Savoy earlier this week to raise money at Norwood’s inaugural private equity dinner. Entrepreneur Luke Johnson, chairman of Risk Capital Partners, was special guest speaker at the event, which helped raise £135,000 for the charity. Top notch auction and raffle prizes, including two tickets [...]
Oxfam’s call to test the City May 13, 2015 PUT ON those hiking boots and prepare to abandon the City for the bracing air and rugged dales of Yorkshire and Oxfam’s Trailtrekker. This challenge pits teams of four against the elements for 30m hours over 100km, 65km and 40km. It is an ultimate test of physical and mental ability, and raises money for a charity [...]
Play up for a Macau gamble May 13, 2015 WHERE in the UK do house prices fail to keep pace with inflation? On a Monopoly board. It’s time to hand round the fake money for the Monopoly World Championships. The final will be held at the London’s View From the Shard, with the winner travelling to represent their country in Macau. A Mayfair house [...]
Property magnate Nick Candy lifts his stake in online platform Audioboom May 13, 2015 Nick Candy, the property tycoon, has increased his stake in the social audio platform Audioboom, investing a further £531,500 in shares. The latest investment was 9,170,000 shares at a cost of 5.88p a share. It brings Candy’s total shareholding in the firm to 25m shares, a 4.6 per cent stake. Candy, who made his name [...]
Travelodge targets port locations to tap into thriving cruise market May 13, 2015 Budget hotel chain Travelodge said yesterday that it plans to cash in on a boom in cruise and ferry trips by building 14 new hotels in key port locations across the UK. The company, which has 516 hotels in the UK, Ireland and Spain, plans to invest £84m on opening hotels in port locations including [...]
Centrica almost triples UK gas supply volume May 13, 2015 THE UK’s dependency on gas from Russia just increased, after Centrica signed a deal with state-owned giant Gazprom to ramp up the amount of energy it buys from the firm. Centrica has increased the volume of gas it is buying from Norway’s Statoil as well. Centrica, which owns British Gas, first struck a deal with [...]
US oil agency IEA warns battle for market share has just begun May 13, 2015 The battle for market share in the oil sector has just begun, according to the International Energy Agency’s (IEA) monthly report. The warning follows a report from the Organisation of Petroleum Exporting Countries (Opec) on Tuesday, which stated that US supply was set to decline over the final two quarters of 2015 while Opec [...]
Gatwick-based oil group boosted by news of a licence extension May 13, 2015 THE FIRM behind the so-called Gatwick Gusher saw its shares jump by 5.83 per cent to 2.72 yesterday, after announcing that its exploration licence for the Horse Hill well has been extended until September 2016. UK Oil & Gas Investments (UKOG) has a number of interests in the Horse Hill well, which is located in [...]
