As Laing O’Rourke is late filing its figures, is it another major contractor we should be concerned about? Pinning down the finances of private companies can be a tricky task for City stakeholders. Public companies, however, are mandated to keep investors and other interested parties entertained with a steady stream of financial updates. When it comes to filing financial statements – the audited figures upon which financiers hang their hats – listed firms [...]
AA skids off course in mid-cap promotion push as Marks & Spencer swerves blue-chip relegation British motoring darling the AA snatched defeat from the jaws of victory, as it is set to narrowly miss out on a return to London’s mid-cap index. Shares in the breakdown firm skidded over seven per cent today taking the firm out of contention for an automatic promotion back to the FTSE 250. Last week, [...]
Chris Froome’s Giro victory should not be tarnished by the Vuelta salbutamol saga Chris Froome’s victory in the Giro d’Italia has propelled him alongside the greatest cyclists of all time – for now, at least. Rolling over the victory line in Rome on Sunday, the Briton became only the third rider to hold all three of cycling’s Grand Tours at once. And the Team Sky rider’s victory puts [...]
Takeda investors turn up the heat on execs with £46bn Shire takeover opposition May 29, 2018 Takeda's £46bn takeover of London-listed Shire "carries overly high risk", a bloc of investors in the Japanese pharma giant said today. The board Irish-headquartered Shire conditionally accepted an approach from Takeda at the fifth time of asking last month. If completed, the deal would be the largest overseas acquisition by a Japanese firm. Takeda's pursuit [...]
Government poised to start Royal Bank of Scotland share sale May 28, 2018 The government is to offload a multi-billion pound stake in Royal Bank of Scotland as early as this week, according to reports. Banks have been placed on high alert as ministers kick off a process to reduce the taxpayer's 70.5 per cent stake in RBS. Precise details on the sell-off remain unclear but bankers warned [...]
Carillion collapse puts hundreds of jobs at risk as first major supply-chain firm faces administration March 23, 2018 Hundreds of jobs have been put at risk after a Carillion supplier today prepared to call in administrators. Vaughan Engineering, a family-owned company founded in 1955, is set to be Carillion's first major supply chain casualty. Some 160 staff across Vaughan's Edinburgh, Warrington and Newcastle offices are facing redundancy. The firm employs around 500 people [...]
Jaguar Land Rover reveals electric car software tie-up with Blackberry March 22, 2018 Blackberry is to provide the software for Jaguar Land Rover's next-generation electric vehicles, it was announced this morning. BlackBerry will provide its infotainment and security software to JLR, which is owned by India conglomerate Tata. The Canadian firm has agreed similar agreements with Qualcomm, Baidu and Aptiv. With a legacy as a hardware maker, Blackberry [...]
Woodford suffers a £1bn blow as flagship fund hit by 10-figure drop in first few weeks of 2018 March 8, 2018 Neil Woodford’s crown as Britain’s best-loved money manager is under scrutiny after his flagship fund shrivelled by over £1bn in the first five weeks of this year. Assets held by Woodford’s Equity Income fund, one of Britain’s biggest retail offerings, fell from £8.2bn at the start of the year to under £7.2bn on Tuesday. A [...]
Premier League TV rights packages booted into long grass amid “cut-price” concerns March 7, 2018 The Premier League has booted a decision on unsold TV rights packages into next month, as it faces being forced to accept a “cut-price deal” for the remaining 40 games. Sky and BT Sport snapped up five of seven packages on offer for a total of £4.5bn in mid-February. But the remaining two sets of [...]
Royal Mail reveals it pays female posties more than men March 6, 2018 Royal Mail pays female workers more than their male counterparts, according to figures lodged with the government. Gender pay gap data revealed mean hourly pay is 2.1 per cent higher for women. In addition, female bonus payments were 9.1 per cent greater than those handed to men. Women occupy a greater number of the Royal [...]
