Premier Foods eyes former Reckitt finance boss as new chair August 15, 2019 The former finance boss of Reckitt Benckiser is said to be in the running to take over as chair of Mr Kipling and Angel Delight owner Premier Foods. Colin Day, who until last year was chief executive of cigarette filter manufacturer Essentra, is one of a small number of candidates for the role, Sky News [...]
Belgravia’s billionaire strip: London’s new hotspot has £1.4bn property pipeline August 15, 2019 A strip of prime property in East Belgravia is undergoing a development boom with £1.4bn of investment in luxury homes and hotels in the pipeline, according to a new report. The plot of land between Upper Belgrave Street and Grosvenor Place, dubbed the billionaire’s strip, has been earmarked for private mansions, penthouses and VIP clubs. [...]
Electric car charging points outnumber petrol stations August 15, 2019 The number of electric car charging points in the UK now exceeds petrol stations, as an increasing number of Brits turn to electric vehicles (EV). Read more: Car sales stagnate again in July but electric vehicle market share surges There are now 9,300 charging locations, compared to 8,400 petrol stations, according to new data released [...]
Revealed: The best-paying jobs for UK graduates August 15, 2019 With tuition fees on the rise, the prospect of a well-paid graduate role is becoming even more attractive for UK university students. As thousands of nervous students open their A level results, new data has revealed which degrees promise the biggest pay packets. Research by job site Indeed showed vets are the university top dogs, [...]
Ryanair’s Irish pilots to strike next week as talks break down August 14, 2019 Ryanair’s directly employed pilots in Ireland will strike for 48 hours next week, after talks failed to produce an agreement over the union’s pay proposals. The Irish Airlines Pilots’ Association (Ialpa) set today as an ultimatum for Ryanair executives to table a counter-proposal that addressed its concerns. “No such counter-proposal was made at the mediation [...]
City grandee Michael Spencer tables bid for Naked wine dealer Lay & Wheeler August 14, 2019 City bigwig Michael Spencer is said to have tabled a bid for Lay & Wheeler (L&W), a fine wine merchant set to be sold by Naked Wines. BI Wine & Spirits, which is chaired and part-owned by Spencer, is among interested buyers circling the luxury merchant, Sky News reported. Read more: Naked Wines hopes US [...]
Fleet Street veteran David Montgomery sets newspapers in sights as he plots takeover spree August 14, 2019 Veteran Fleet Street executive David Montgomery is poised to launch a media takeover spree, with struggling publisher JPI Media slated as his first major target. Montgomery has set up a company called National World, through which he is said to be planning a series of deals to snap up struggling newspaper groups. Read more: Shares [...]
Shares in Avast rise as it lifts forecast on growing demand for privacy tools August 14, 2019 Shares in cybersecurity firm Avast rose more than eight per cent after it lifted forecasts for full-year revenue to the upper end of its guidance. The London-listed company posted an 8.3 per cent increase in revenue to $422m (£350m) in the first half, while adjusted net profit rose 14 per cent to $148m. Read more: [...]
Canada Goose shares drop as lightweight clothes hurt margins August 14, 2019 Canada Goose has reported a slip in its gross margin for the first quarter as it increased sales of its less profitable lightweight clothes. Read more: July 2019 worst on record for retail sales growth The Toronto based firm, best known for its luxury parka jackets, increased its revenue by 59 per cent to CA$71.1m [...]
Tencent posts profit boost after China lifts gaming ban August 14, 2019 Tencent has reported a 35 per cent rise in profit for the second quarter as growth in its gaming division returned after a lengthy regulatory ban. The Chinese tech giant has suffered a string of disappointing quarterly results after Beijing imposed a nine-month freeze on licences for new online games. Read more: Tencent in talks [...]
