Stock Spirits knocked back as activist investors win board appointees May 23, 2016 Eastern European vodka maker Stocks Spirits will be feeling worse for wear today, after shareholders voted to appoint two non-executives to the board – against the company's wishes. At today's annual general meeting a majority of shareholders approved the move to let Alberto Da Ponte, a former Heineken exec, and Randy Pankevicz, a former PepsiCo manager [...]
Greek debt relief deal OK’ed after German backdown to IMF May 9, 2016 Greece’s battered economy received some good news yesterday after Eurozone finance ministers agreed to debt relief measures if new reforms come to fruition. The Mediterranean state will be granted longer grace periods and bond maturities from 2018 if it upholds the reforms agreed to in its most recent bailout package. The move is a concession [...]
Stronger In campaign: UK risks £250bn in trade if Brexit vote wins May 2, 2016 A war of words has erupted between those who want out of the European Union and those who want to stay – this time about the possible £250bn of lost trade if a Brexit occurred. Former chancellor Alistair Darling is fronting new research using Treasury data that found the UK benefits by being part of [...]
Scottish independence: City’s Boisdale restaurant wants Salmond smoked September 17, 2014 The City’s well-known Scottish restaurant Boisdale is expected to pack out tonight with punters glued to the big screens and the private dining room full of Better Together backers. Managing director Ranald Macdonald was a firm No campaigner and predicted a 55 per cent win to his side. He said despite the passion involved in [...]
Bramson shows hand on Electra bid September 17, 2014 The boadroom showdown at Electra Private Equity turned up a notch yesterday as activist shareholder Edward Bramson enticed shareholders by pledging to double the share price. Bramson slammed the Electra board’s lack of commercial experience and below-par performance in a letter to shareholders and pushed for heads to roll at a 6 October shareholder’s meeting. [...]
Ultimo’s Michelle Mone on Scottish independence: Alex Salmond is “encouraging hate” and “splitting this country” September 16, 2014 Lingerie queen and fervent Better Together campaigner Michelle Mone said speaking out against independence had led to threats against her which were “off the scale and getting worse”. She told City A.M.: “People are threatening me, saying all sorts of things about coming to my house, physical violence and just really nasty stuff.” Mone, raised [...]