Cash Rules Everything Around Me: Hipgnosis Songs invests in Wu-Tang Clan supremo RZA’s catalogue August 24, 2020 London-listed Hipgnosis Songs Fund today said it had acquired 50 per cent of Wu-Tang Clan producer and rapper RZA’s back catalogue. Robert Diggs, known as RZA, founded Staten Island, New York, rap collective the Wu-Tang Clan in 1992. The kung fu-obsessed hardcore rap crew scored a smash hit with their 1993 breakthrough album Enter the [...]
EU trade boss Phil Hogan apologises for attending ‘golfgate’ dinner August 24, 2020 EU trade commissioner Phil Hogan apologised for attending a golf dinner that has caused outrage in Ireland as he tried to ride out pressure to resign. Adding to the scrutiny on Hogan, it also emerged that he had been stopped and cautioned by Irish police for using his phone while driving to the dinner. The [...]
Bunzl boosts profit on strong coronavirus protective equipment demand August 24, 2020 UK distribution business Bunzl today said it had boosted revenue and profit in the first half of the year and said it had agreed to buy businesses in Ireland and the US. Bunzl said it grew operating profit 16.9 per cent to £279.4m and revenue seven per cent to £4.8bn in the six months to [...]
How working flexibly can give investors an edge August 24, 2020 I’ve always said that the question of how you create a high performing investment culture is inextricably linked with the individuals involved and how they interact with each other. This is a people business and this view has been at the heart of how we approach investment matters at Schroders. As a leader of an [...]
Mike Ashley’s Frasers Group buys DW Sports out of administration for £37m August 24, 2020 Mike Ashley’s Frasers Group, formally known as Sports Direct, has bought the assets of DW Sports for £37m after the gym chain collapsed into administration earlier this month. Frasers said this morning that it had acquired “certain of the assets relating to DW’s gym and fitness business, including certain stock”. The deal excludes the DW [...]
JD Wetherspoon expects sales to fall once Eat Out to Help Out scheme ends August 24, 2020 Pub chain JD Wetherspoon today said it expects its sales to fall once the government subsidised Eat Out to Help Out scheme finishes. The scheme gives diners 50 per cent off up to £10 a head on meals bought at participating outlets on every Monday, Tuesday and Wednesday throughout August. The business owners must then [...]
Rio Tinto boss has bonus slashed by millions after mining giant destroys Aboriginal caves August 24, 2020 The boss of FTSE miner Rio Tinto will have his bonus reduced by £2.7m after the company destroyed sacred caves in Australia. Chief executive Jean-Sebastien Jacques and two other executives will take the financial hit after the company destroyed two caves in Western Australia – against the wishes of Aboriginal traditional owners – as part [...]
Pearson appoints Disney veteran Andy Bird as new chief executive August 24, 2020 Publishing group Pearson has appointed former Disney bigwig Andy Bird as its new chief executive. The company said Bird will take over from current boss John Fallon on 19 October. Fallon will step down from the board but remain as an adviser until the end of the year. Veteran media industry boss Bird, whose career [...]
DEBATE: Are the life chances of the Covid-19 generation damaged beyond repair? August 24, 2020 Are the life chances of the Covid-19 generation damaged beyond repair? Emma Revell, head of communications at the Institute of Economic Affairs, says YES. Young people have had a rough pandemic. Months of education gone, exam grades tainted by confusion and uncertainty even after the U-turn, the future burden of spiralling public debt against a [...]
