Megabrew: High Court delays SABMiller decision on split shareholder vote for AB InBev tie-up August 22, 2016 The High Court has postponed making a decision on SABMiller's proposal to hold two shareholder votes on its takeover by Anheuser-Busch InBev (AB InBev) until tomorrow. SABMiller had proposed its two major investors, Bevco and Altria, be treated as a separate class of shareholders last month when it accepted an enhanced deal from AB InBev. The tie-up [...]
Classic cars, fine wine, coins and racehorses: One in six investors now has money in a “hobby” investment August 22, 2016 Call them sentimental, but more and more investors are turning their pastimes into profits, according to a new study from Lloyds Private Banking. One in six investors now cultivates a "hobby investment", spending on average £13,500 on a single item, though one in 10 is willing to splash out £50,000 on an individual item. The most popular [...]
Volkswagen shortens the working hours of 27,700 staff members following supplier dispute and plant disruption August 22, 2016 A dispute between Volkswagen and two of its suppliers has caused production delays at six of its plants and has forced the company to cut the working hours of 27,700 employees. The suppliers are seeking compensation following claims they have lost significant revenues, which could run into millions of euros, after Volkswagen cancelled a contract, Reuters reported. The [...]
Summer holiday flight cancellations were up by a quarter at UK airports last year August 22, 2016 Summer holiday flight cancellations at UK airports increased by almost a quarter year-on-year between 2014 and 2015, according to new figures from Columbus Direct. Travellers ready to jet off suffered significant disruption last year as 1,297 flights scheduled to depart from UK airports were cancelled between the peak holiday period of July to September. Extensive [...]
Tyra Banks is the latest celebrity to teach on an MBA programme with her upcoming class at Stanford University August 22, 2016 MBAs are officially cool again, as Tyra Banks has become the latest celebrity to jump aboard the professorial band-wagon. The former host of America's Next Top Model and Emmy Award-winning talk show host will co-teach a class on personal branding at Stanford University next May. Banks will make her teaching debut for two weeks on the [...]
Networking over nightclubs? Students are knuckling down more than ever August 22, 2016 We have our whole lives to attend networking events. Many of us will wile away untold hours eyeing up canapes in a bid to get out of awkward conversations and the ensuing business card exchange shuffle. So is it really a good idea to start it early? Over a third of the UK’s most recent [...]
The weaker pound sent Chinese and US tourists on a spending spree in the UK last month August 22, 2016 The UK's purse received a boost from tourist spending in the month following the referendum, as visitors from made the most of the weaker pound. International tax free shopping spending rose seven per cent overall in July, according to retail tourism experts Global Blue. Travellers from the US increased their tax free shopping by 22 per [...]
City deliveries get healthy with new rotisserie chicken takeaway service from private equity grandee Fraser Duncan’s Clockjack August 21, 2016 Soon, you'll have no excuse to order an unhealthy takeaway lunch as the seasoned private equity grandee Fraser Duncan has raised £1m to add a delivery wing to his rotisserie chicken business. Famished City workers will be able to order rotisserie chicken meals directly from the company and via Deliveroo from Clockjack's takeaway kitchen, set up with funding [...]
Megabrew: SABMiller prepares for High Court ruling on split AB InBev takeover vote August 21, 2016 The next stage of the megabrew deal deal will be determined by a High Court decision tomorrow on whether SABMiller can hold two shareholder votes on its takeover by Anheuser-Busch InBev (AB InBev). SABMiller proposed its two major investors, Colombia's Santo Domingo family and cigarette maker Altria, be treated as a separate class of shareholders last [...]
The house hasn’t won: Rank Group set to release flat sales days after abandoning William Hill bid with 888 Holdings August 21, 2016 Grosvenor Casinos operator Rank Group is expected to post flat sales growth this week, marking more disappointing news days after it walked away from a takeover bid for William Hill. Analysts expect sales to rise by 0.64 per cent to £756.5m at the Mecca Bingo owner in the year ended 30 June, according to a Reuters [...]
