Private equity firm Apollo takes Aspen Insurance private in $2.6bn deal August 28, 2018 Aspen Insurance said today that funds associated with private equity firm Apollo Global Management had agreed to take it private in a $2.6bn deal. The Bermuda-headquartered insurer, which is listed in the US, has significant UK operations with offices in London, Birmingham, Bristol, Chelmsford, Croydon, Glasgow, Leeds and Manchester. Apollo will pay $42.75 per share, [...]
Deloitte boosts partner profits as revenue hits £3.58bn August 28, 2018 Audit giant Deloitte handed its partners an average of £832,000 for the year ended 31 May, a 0.6 per cent year-on-year increase, it said today. Deloitte grew revenue 5.9 per cent to £3.58bn, marking its eighth consecutive year of growth. Read more: Former Arsenal shareholder settles lawsuit with Deloitte and Linklaters Its audit and risk advisory business grew [...]
Bunzl boosts profit and announces push into Norway August 28, 2018 FTSE 100-listed distribution group Bunzl posted a four per cent increase in half-year profit today as it announced an acquisition in Norway, its first in the country. The outsourcing and distribution business, now with operations in 31 countries, grew adjusted profit before tax to £257.9m, while revenue grew five per cent to £4.343bn. Read more: Bunzl [...]
US pushing for EU trade negotiations to move faster August 25, 2018 The US is pushing the EU to move faster on trade negotiations following the meeting between US President Donald Trump and EU Commission President Jean-Claude Juncker last month. Emily Haber, Germany’s ambassador to the United States, told reporters a working group formed after the Trump-Juncker meeting had convened for the first time this week, and [...]
Bank holiday: Rainy weather forecast for London August 25, 2018 Partygoers at one of Europe’s biggest street party Notting Hill Carnival could be in for a drenching tomorrow with heavy and persistent rain forecast. The Met Office expects a bright start to tomorrow which will then turn windy with outbreaks of rain spreading east. Read more: London mayor Sadiq Khan should park the cap on [...]
Farage slammed for accusing Barnier of wanting the IRA to become active again August 25, 2018 Former UKIP leader Nigel Farage has been slammed today for accusing EU chief negotiator Michel Barnier of wanting the IRA to become active again. In an interview with the Times today Farage said Barnier “would like the IRA to become active again” and has cultivated the idea of “a hard border and soldiers with rifles”. [...]
Pope in Ireland: Child abuse scandal a source of ‘pain and shame’ for the Catholic Church August 25, 2018 Pope Francis said today on his first visit to Ireland that the failure of the Church to address child abuse by clerics was a "source of pain and shame for the Catholic community”. “I cannot fail to acknowledge the grave scandal caused in Ireland by the abuse of young people by members of the Church [...]
Travellers face challenging journeys as bank holiday repairs close Euston and reduce underground services August 25, 2018 Travellers trying to navigate around the capital this bank holiday weekend face extra challenges with repairs shutting major hub Euston and also causing disruption on the underground network. Euston is the southern terminus of the West Coast Main Line which connects London to Liverpool, Manchester, Edinburgh and Glasgow as well as being the main station [...]
Elon Musk: Tesla to remain a public company August 25, 2018 Tesla chief executive Elon Musk said last night that Tesla would remain a public company, despite previously announced plans to take it private. In a blog post on electric car company Tesla’s website Musk wrote: “Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, [...]
Corbyn antisemitism storm grows as MP reports him to parliamentary watchdog August 25, 2018 Labour party leader Jeremy Corbyn was reportedly the subject of a complaint to the parliamentary watchdog last night relating to comments from 2013 where he accused British Zionists of not understanding "English irony". Conservative MP Helen Grant wrote to Kathryn Stone, parliamentary commissioner for standards, asking for Corbyn to be investigated over the comments. Read more: [...]
