Debenhams chief executive Michael Sharp could recieve £922,000 in deferred shares after performance targets were lowered December 13, 2015 Outgoing Debenhams chief executive Michael Sharp could earn up to £922,500 in deferred shares this year, and a further £307,500 next year after the company’s performance targets were lowered. Sharp, who will leave in 2016, is eligible for the award after the targets management need to meet under the Performance Share Plan (PSP) were reduced, [...]
AIM-listed biotech firm Benchmark to buy shrimp food manufacturer Inve Aquaculture from RBS and Rabobank for $342m December 13, 2015 Benchmark Holdings, which operates numerous sustainable biotechnology and agriculture companies, will tomorrow announce its takeover of fish food business Inve Aquaculture from Royal Bank of Scotland and Rabobank. AIM-listed Benchmark paid $342m (£225m) – $300m in cash and the rest in shares – for Inve, which manufactures nutrition and health products for shrimp nurseries in 70 countries. [...]
Anglo American is on track to join Lonmin and other struggling miners in the FTSE’s 90 per cent club December 11, 2015 Anglo American could be the next miner to join the FTSE's 90 per cent club, as the ongoing commodities rout takes its toll. The 90 per cent club is the one company nobody wants to join: made up of members of the FTSE all share who have lost more than 90 per cent of their value over the [...]
I’ll drink to that: London start-up Taste Cocktails beats investment target on crowdfunding site Crowdcube December 10, 2015 If you don't fancy braving the wind and rain this December, new start up Taste Cocktails may have the answer. A subscription service, Taste delivers monthly boxes to your door with premium ingredients to mix bar-quality cocktails. Taste has now beaten its £60,000 crowdfunding target on Crowdcube with five days to go. The company has raised £63,620. It [...]
Yahoo chief executive Marissa Mayer has given birth to identical twin girls December 10, 2015 Yahoo chief executive Marissa Mayer has had a baby. Or two, to be exact: identical twin girls. She shared the news this evening on Tumblr, which is owned by Yahoo, saying: Zack and I are excited to announce that our identical twin girls have arrived! They were born early this morning. Our whole family is doing [...]
Asda drops petrol prices below £1 a litre as oil price hits seven year low but how long will it last? December 10, 2015 Asda's done it. From tomorrow its petrol will be cheaper than £1 a litre, but only for a couple of days. As oil prices continue to languish around seven year lows, Asda has announced it will cut the price of its unleaded petrol to 99.7p a litre, and diesel to 103.7p per litre. The reduction will only [...]
Citymapper, Lovefilm and Betfair backer Balderton Capital invests $3m as The Tab takes on America December 10, 2015 Student tabloid The Tab has got America in its sights with a $3m (£1.98m) investment from one of Europe's largest venture capital firms Balderton Capital. Balderton has invested previously invested in fashion site Yoox, which it floated in 2009 and recently merged with Net-a-porter, LoveFilm, which it sold to Amazon in 2011, Betfair and Citymapper. The Tab said it would use [...]
Transport for London lost £61.5m to fare dodgers on the Tube in 2015 December 10, 2015 The amount Transport for London (TfL) losses to fare dodgers on the Tube increased 207 per cent to £61.47m in 2015, up from £20m in 2010/11. Approximately 4.5p in every journey is lost thanks to fare evasion, up from 1.8p in 2011. Labour London Assembly transport spokeswoman Val Shawcross said the rise in fare evasion [...]
The EU wants customers to be able to access Sky, Netflix and other online subscriptions anywhere in Europe December 9, 2015 The EU wants to create a Digital Single Market. Wait! It's more interesting than it sounds: it means customers will be able to use their online subscriptions such as Netflix, Canal+ and Sky for free anywhere in Europe. The proposal was put forward by the EU's executive body the European Commission today. But, it is likely the scheme will face strong opposition from the media [...]
News you can celebrate: Happy Birthday is now officially in the public domain and free for all to sing December 9, 2015 One of the most performed and well-known songs in the world is finally free as a two-year legal battle over who owns the copyright to Happy Birthday to You comes to an end. Music publisher Warner/Chappell, part of Warner Music Group, has settled a class-action lawsuit for an undisclosed sum, with multiple artists who wanted to have fees they [...]
