Oil prices reverse steep losses amid supply uncertainty July 7, 2021 Oil prices rose sharply on Wednesday morning, paring back steep losses driven by uncertainty over Opec’s production policy. Talks between the alliance broke down again on Monday after discussions failed to yield an agreement last week. Read more: Oil prices reach seven-year high after Opec+ abandon supply talks The lack of a deal is fuelling [...]
Australia’s Sydney Airport receives $16.7bn takeover offer July 7, 2021 A consortium of IFM investors, pension fund QSuper and Global Infrastructure Management has made an offer of AU$22.26b (£12.1b) for Sydney Airport. However, the AU$8.25 per share offer sits below the record AU$8.86 high that the airport’s stock hit in January of last year. The owner of the international aviation hub said it is reviewing [...]
Dutch investigative journalist Peter R de Vries fighting for his life after assassination attempt July 7, 2021 The well-known Dutch crime journalist Peter R de Vries was rushed to the hospital last night after being shot in Amsterdam minutes after he left a TV studio. According to Dutch media, Five shots were fired at with close range, while police confirmed later that evening they had arrested three people in connection with the [...]
Kwarteng to request meeting with Morrisons boss over buyout July 7, 2021 Business minister Kwasi Kwarteng will request a meeting with the boss of Morrisons to seek reassurances over jobs, pensions and the supermarket’s operations ahead of a potential buyout. Ministers will meet with executives at Morrisons ahead of a potential takeover by a consortium of funds headed by New York private equity house Fortress. The meeting [...]
Spire Healthcare delays vote on £1bn Ramsay takeover as investors voice concerns July 7, 2021 Spire Healthcare delays vote on £1bn Ramsay takeover as investors voice concerns
Are auto companies preparing their workforce for a more digital future? July 7, 2021 As climate change ambition ramps up across the world, emissions reduction targets in the autos sector will likely be forced to tighten further. Numerous countries – including Norway, France, the UK, Sweden, Ireland and the Netherlands – have already announced internal combustion engine (ICE) vehicle phaseouts between 2025-2040. Companies must pursue low and zero-carbon alternatives [...]
Wetherspoons slams government for ‘behaving like Monty Python’s Dennis Moore’ over VAT rates July 7, 2021 Wetherspoons has hit out at the government for what is believes are unfair VAT rates on hospitality businesses, which could make the sector less competitive post-Covid. The pub chain has accused the government of “unfairness” and of ‘robbing the poor to help the rich’ by levying a higher VAT rate on food bought in pub [...]
Embed learning into your work to discover its true value July 7, 2021 If you are trying to recruit and keep the best talent – and who isn’t – opportunities for professional growth and a culture of continuous learning are very appealing. They can set you apart from other organisations as an employer and investing in employee knowledge can lead to significant returns. One of the best approaches [...]
Shell shares bubble up as oil giant increases investor returns July 7, 2021 Shares in Shell pushed up this morning as the oil giant said it would increase shareholder returns to 20-30 per cent of its cash flow, surprising analysts with the speed of the move. The stock rose 3.0 per cent in early trading, topping the FTSE 100 tree, on the back of the second quarter trading [...]
Billionaire pair behind Didi see fortune shed $1.5bn as US IPO turns sour July 7, 2021 The billionaire pair behind China’s ride-hailing giant Didi saw their fortune shed by $1.5bn last night as shares plunged in its New York listing. Beijing’s security and tech crackdown on the company has seemingly spooked investors, which has led to the country’s internet regulator ordering stores to remove the Didi app. Since China’s internet regulator opened [...]
