Putting his foot down: Nissan boss says sales will be driven up in 2017 by global demand December 16, 2016 The owner of one of the UK's largest car plants has said 2017 will be a year of record sales for the firm. Nissan's co chief exec Carlos Ghosn said 2016's political events wouldn't stop the Japanese carmaker from taking great strides and selling more cars than ever. Read more: Greg Clark says Nissan letter could be published [...]
First the Rubik’s Cube now the Kit Kat: EU Court rules in favour of Cadbury over Nestle in chocolate trademark war December 15, 2016 EU authorities have thrown the chocolating world into turmoil after revoking confectionery giant Nestle's registered trademark for one of Britain's best loved treats, the Kit Kat. The annulling of the trademark means the Kit Kat shape can be used by anyone who wants to do so. Speculation may commence that leading competitors are plotting to [...]
Murdoch swoops: 21st Century Fox agrees Sky takeover deal December 15, 2016 Rupert Murdoch's 21st Century Fox today agreed a takeover deal for UK broadcaster Sky. Fox, which already owns 39 per cent of Sky, has made a £10.75-per-share offer, worth £11.7bn. The approach values the whole of the UK media giant at £18.5bn. Fox said it would be using a scheme of arrangement, meaning it would need 75 [...]
Experts say Yahoo attack raises serious questions about the business and global cyber security December 15, 2016 Yahoo's year has gone from bad to worse in the last 24 hours after revealing it had broken records and been the victim of the biggest hack of all time. Just a couple of months after it revealed a similar attack – but one that impacted 500m accounts rather than 1bn in the latest revelation [...]
Go-Ahead and buy some shares: Southern rail’s owner says revenues will miss targets December 15, 2016 The market was still keen to Go-Ahead and invest in the owner of Southern rail, as shares nosed up 0.5 per cent despite the firm warning forecasts would be missed by its rail division. The FTSE 250 firm, which owns a majority stake in Govia, said its rail division full-year results would miss expectations. Read more: Going [...]
Liontrust assets to swell by £2.3bn after buying Alliance Trust Investments December 15, 2016 Fund manager Liontrust has agreed to swallow-up Alliance Trust Investments (ATI) in a deal that will swell its assets under management by over a third. The takeover, expected to be completed in 2017, means Liontrust's portfolios will increase from £5.6bn to over £8.0bn. ATI is one arm of three parts of the wider Alliance financial group – the other two [...]
JD Sports working conditions: King of Trainers says alleged working practices aren’t in its training manual December 15, 2016 JD Sports has hit back at television reports of draconian working conditions at one of its distribution centres, denying the allegations and saying they are not an "accurate reflection" of working practices. An undercover report by Channel 4 news into the sports retailers Kingsway warehouse in Rochdale revealed staff saying working conditions were "worse than prison". Staff [...]
Yahoo hit by largest cyber attack of all time in second mega-hack December 15, 2016 More than one billion Yahoo user accounts have been hacked after the search engine revealed it had been the victim of the largest cyber attack in history. The breach is the second mammoth attack on Yahoo uncovered this year and has affected more than double the number of accounts compared with a breach revealed in September [...]
Southern rail debacle: The strikes aren’t on tomorrow but that doesn’t mean the trains will be running December 14, 2016 Southern rail commuters hoping to get to work tomorrow may need to take another day off and have been warned the network will be rife with reductions and cancellations. The Govia-owned firm has admitted some striking staff may not be able to get to work tomorrow because industrial action doesn't actually finish until midnight tonight. This will have a [...]
A leading insect food developer has sealed $37m of funding following a European Commission ruling December 14, 2016 How many insects could you buy for $37m (£24m)? Nope, this isn't the first line to a joke, it's the amount an innovative start-up has managed to raise after bugging investors for capital. In midst of the Brexit vote and Donald Trump winning the US presidential election, you'd be forgiven for having missed some big [...]
