Tinkler says it’s time to move on from Stobart court clash after appeal refused June 11, 2019 Former Stobart boss Andrew Tinkler said he was putting his courtroom battle with the company behind him after a court refused him permission appeal today. Tinkler told City A.M.: “I’ve always said I was about to move on, I thought it was only right trying to go for the appeal, all I was trying to [...]
Tory leadership race: Leadsom says ‘politics has failed dismally’ June 11, 2019 Former leader of the House of Commons Andrea Leadsom said today “politics has failed dismally” by not delivering Brexit. Speaking at the launch of her campaign for the Tory leadership Leadsom promised to leave the European Union on 31 October. “Over the last three years politics has failed dismally. It has failed to deliver on [...]
Due north: Compass buys Nordic food group in €427m deal June 11, 2019 Ftse 100 catering business Compass said today it had agreed to buy food business Fazer Group in a €475m (£422m) deal. Fazer Food Services has operations in Finland, Sweden, Norway and Denmark across several sectors including business, industry, education, healthcare and defence. Compass said the acquisition will “further strengthen Compass Group’s existing offer, and will [...]
Saga shares rise as it partners with Goldman Sachs to offer savings products June 11, 2019 Over 50s insurance and tourism group Saga announced today it is partnering with Goldman Sachs to offer savings products to its clients. The move is part of a strategy aimed at turning the company around after a poor run of results. In April its shares dived 40 per cent after it warned that Brexit uncertainty [...]
Firms must stop using NDAs to cover up harassment, say MPs June 11, 2019 The government must prevent non-disclosure agreements (NDAs) being used to cover up unlawful harassment or discrimination, a group of MPs said today. A report by the women and equalities Committee found some companies were now routinely using NDAs in employment disputes. Committee chair, Maria Miller MP, said: “The current use of non-disclosure agreements in settling [...]
Johnson and Hunt emerge as frontrunners in race for Number 10 June 10, 2019 Boris Johnson and Jeremy Hunt have emerged as the frontrunners in the race to replace Theresa May as Tory leader. Johnson is currently favourite to succeed May, but Hunt has emerged as his main challenger with two senior cabinet colleagues coming out to back his bid today. Defence secretary Penny Mordaunt, a convinced Brexiter, and [...]
Boris Johnson promises tax cut for 3m if he wins PM race June 10, 2019 Boris Johnson has promised to cut income tax for those earning more than £50,000 if he wins the Tory leadership race. Johnson said he would cut taxes for around 3m people by raising the 40p threshold from £50,000 to £80,000 if he becomes prime minister. “We should be raising thresholds of income tax – so [...]
Helical shares surge on confirmation of bidder interest June 10, 2019 Shares in property developer Helical surged nearly five per cent this morning after it confirmed it has received multiple unsolicited approaches from buyers. “We can confirm that the company has in the recent past been in receipt of more than one unsolicited approach from different parties,” it announced to the stock exchange. “To date all [...]
Aviva pushes out female senior exec while on maternity leave June 10, 2019 Insurer Aviva has pushed out one of its most senior female executives while she was on maternity leave. Chief people officer Sarah Morris went on maternity leave last July and was put on gardening leave at the end of May, the Sunday Times reported. Aviva refused to comment on the circumstances of Morris’s departure. In [...]
Hargreaves Lansdown boss apologises for Woodford fund suspension June 10, 2019 The boss of Hargreaves Lansdown has apologised to clients who have been affected by the suspension of investor Neil Woodford’s flagship fund. In a statement Chris Hill said: “I would like to apologise personally to all clients who have been impacted by the recent problems with the Woodford Equity Income Fund. We all share their disappointment [...]