Falling ill on holiday could cost you as much as a house, the Association of British Insurers warns August 11, 2016 The high cost of overseas medical bills means falling ill abroad could cost double the amount of an average UK house. Insurers are now processing claims from more than 3,000 British travellers per week who require emergency medical care while abroad, according to the Association of British Insurers (ABI). While the average travel insurance claim [...]
Rank Group and 888 Holdings still want the chance to woo William Hill for a takeover deal August 10, 2016 Rank Group and 888 Holdings have hit back at William Hill's rejection of their £3.6bn takeover offer yesterday, claiming the move would save £100m per year in cost synergies. The consortium formed by Rank, the operator of Grosvenor Casinos, and online gambling giant 888 has not given up, saying it would still "welcome the opportunity to [...]
Stock Spirits appoints new chief executive and refocuses business on Poland August 10, 2016 Stock Spirits' activist investors will be pleased today after the company appointed a new permanent chief executive and said it is already seeing positive results from boosting its operations in Poland. The troubled Eastern European vodka maker has appointed former interim chief exec Miroslaw "Mirek" Stachowicz as its new leader, after former head Chris Heath stepped down [...]
Charitable cryptocurrency Cross-Stratum Coin to be launched next year August 10, 2016 A NEW cryptocurrency slated for release next year is set to bridge the world of digital currencies and international charity payments. The Cross-Stratum Coin (CSC), created by UK-based fintech company Cross-Stratum Mutual Community (CSMC) Asia, will utilise trading fees as a method for donation to global charities when it launches in the first quarter of [...]
Scotch whisky distillery tours have boomed in the last five years, but here are three distilleries and breweries you can visit this weekend August 10, 2016 Och aye, the world of Scotch whisky has something new to raise a dram to. The number of visitors to Scotch distilleries boomed between 2010 and 2015, rising by 20 per cent to around 1.6m visitors last year, according to figures from the Scotch Whisky Association. Visitors to distilleries spent a total of £50m last year, [...]
These are the new buzzwords Goldman Sachs thinks we should all know August 10, 2016 Ever the helpful sort, Goldman Sachs has launched its latest set of buzzword explainers to help us avoid becoming 2016 trend luddites. The Capitalist will admit to knowing only one of the three new key phrases Goldman has detailed and explained in video form – brace yourselves. The first is, apparently, "OLED". No, not the [...]
William Hill rejects £3.6bn takeover offer from Rank Group and 888 Holdings August 9, 2016 The William Hill board has unanimously rejected a takeover offer from Rank Group and 888 Holdings that it said "significantly undervalued" the bookmaker. In a statement, William Hill confirmed it received a £3.6bn proposal from a Rank and 888 consortium, which was first reported this morning. The offer, which valued William Hill at 364p per share, was at [...]
2016 technology just saved a woman’s tortoise from certain death August 9, 2016 Today's most heartwarming London news story is a good reminder that while we might take for granted the technology available at our fingertips in this day and age, one woman and her tortoise definitely don't. Westminster refuse staff leapt into action after a London resident, Sarah Joiner, called to say her 90-year-old tortoise Zuma had [...]
Marriott-Starwood merger delayed by up to 60 days by Chinese competition authority August 9, 2016 China's ministry of commerce has extended its antitrust review of Marriott International's takeover of hotel giant Starwood Hotels & Resorts Worldwide by up to 60 days. The competition authority requested an additional review period, known as phase three, to investigate the merger, the companies said in a joint statement. If the tie-up of the two [...]
Rank and 888 Holdings submit bid for William Hill August 9, 2016 Rank and 888 Holdings have submitted a takeover bid for bookmaker William Hill, according to reports. The consortium's bid values the bookie at more than £3.6bn, the Financial Times reported. At the end of July 888 and Rank confirmed they were launching a takeover offer for the only major UK bookmaker that has yet to [...]
