Pinewood studios in £200m expansion March 31, 2015 PINEWOOD studios is going to market to raise £30m as part of an ambitious £200m expansion plan for its Buckinghamshire base. On top of a rights issue, the studio said yesterday that a banking consortium including HSBC and Lloyds had put up £135m of credit as part of plans to double its site size. The [...]
General Election 2015: Growth lift unlikely to win Tories bigger slice of votes March 31, 2015 The UK economy grew at a faster rate last year than previously estimated, but political analysts are cynical as to whether this will boost the Conservatives’ election chances. Chancellor George Osborne was enthused after the Office for National Statistics published its third and final growth estimate yesterday. “GDP revised upwards from 2.6 per cent to [...]
Quindell founder sends shares in Daniel Stewart soaring by 750pc March 31, 2015 SHARES in stockbroker Daniel Stewart Securities rocketed by 750 per cent yesterday, after ex-Quindell boss Rob Terry upped his stake in the firm to 7.4 per cent. Yesterday afternoon, Daniel Stewart addressed the spike in its shares, which jumped from 0.2p to 1.7p. “The company notes the recent movement in its share price and confirms, [...]
Greece bailout: Greeks hoping for partial verdict on reform plans this afternoon March 31, 2015 Reforms proposed by Greece in return for urgently needed bailout cash will be scrutinised this afternoon during a Euro Working Group meeting – a group of Eurozone deputy finance officials. No final decision on the reforms will be made at the meeting – which starts at 2pm – but approval would be a major step. [...]
Bookies to be winners of the General Election March 31, 2015 DAVID Cameron and Ed Miliband are not the only possible winners in May’s election. The nation’s bookies are expecting the highest amount of betting ever on politics. A spokesperson for Betfair told City A.M. “We expect this election to be the biggest ever political betting event on the exchange with £40m likely to be staked.” [...]
BP faces revolt over proposed Dudley payout March 31, 2015 SHAREHOLDER advice group Glass Lewis has advised investors in BP to vote against the oil firm’s proposed pay for chief executive Bob Dudley. His total remuneration went up to $12.74m (£8.59m) last year, a 25 per cent increase on the $10.17m he was paid in 2013. Glass Lewis said Dudley’s pay package out-paced the remuneration [...]
Backlash for Ed Miliband over zero hours contracts ban March 31, 2015 Business groups have blasted Labour’s plans to ban zero hours contracts as unnecessary and damaging. Ed Miliband will today set out his party’s proposals to ban the “exploitative” contracts. The next Labour government is to introduce early legislation to ban zero hours contracts for employees who are in practice working regular hours. The new legal [...]
More than 100 business bosses back vote for Tory government March 31, 2015 THE BOSSES of BP and the Prudential have today joined more than 100 of their fellow senior executives in declaring support for a Tory-led government in a letter published in the Daily Telegraph. The business leaders, who signed in a personal capacity, said that the present government has supported investment and job creation. “We believe a [...]
HP seeking $5bn in High Court case against Autonomy bosses March 31, 2015 HP has filed a lawsuit in the High Court alleging fraudulent activity by the founder of Autonomy, the British company it bought in 2011. The US tech firm confirmed yesterday that it had launched a claim against Mike Lynch, as well as Autonomy’s former finance chief Sushovan Hussain, for damages of around $5.1bn (£3.4bn). The [...]
High winds were just not cricket for Lord’s March 31, 2015 LONDON was hit yesterday by gusts of up to 50mph which caused chaos for commuters and workers in the capital. A fallen tree left commuters trying to get to Hackney, Walthamstow and Chingford stranded and the Father Time weather vane at Lord’s cricket ground was damaged.
