London Stock Exchange shareholders give green light for $27bn Refinitiv deal November 26, 2019 The London Stock Exchange has been given an overwhelming nod from its shareholders to push ahead with a $27bn (£21bn) takeover of data giant Refinitiv. More than 99 per cent of voting investors backed the acquisition and supported the LSE’s plan to issue shares as a way of helping to finance the blockbuster move. Read [...]
Bank of England slaps Citigroup with record £44m fine November 26, 2019 Citigroup has been hit with a £44m fine from the Bank of England after falling short of financial information standards. The Bank has slapped on the record penalty after Citigroup made “significant errors” in reporting its capital and liquidity positions between 2014 and 2018. Read more: Wework lays off 2,400 employees in efficiency drive The [...]
White House ‘on lockdown’ over unauthorised aircraft November 26, 2019 The White House was put on lockdown this afternoon after unauthorised aircraft reportedly entered Washington D.C. airspace. CNBC reported that fighter jets were scrambled. Read more: Uber ban: London business groups mourn ‘dark day’ The lockdown lasted 20 minutes, with the North Lawn of the White House being cleared, according to NBC News. Reporters were [...]
Ex-CEO of WH Smith handed £3.4m in final pay packet November 25, 2019 WH Smith’s former boss Stephen Clarke has collected a £3.42m golden goodbye from the high street giant after overseeing a steep rise in its share price. Clarke’s total pay climbed from £2.89m to £3.42m last year, rising 18.6 per cent after a rise in salary, bonus and long-term incentives (LTI). Read more: Intu sells retail [...]
What a cock-up: Porn retweeted by government account November 25, 2019 The usually-staid official twitter account for the government in Wales left its followers shocked this afternoon after posting a graphic pornography clip. Officials have apologised after explicit imagery was retweeted by the government account, before being quickly deleted. The mishap was caused by a cyber attack as opposed to an accidental slip of the hand, [...]
Election megapoll: Tories hold 13 point lead over Labour November 25, 2019 Boris Johnson is holding a 13 point lead over Jeremy Corbyn according to a new mega-poll, with both main parties making slight gains in the last week. The Conservative party’s rating stands at 43 per cent, a new PA Media survey has found. Read more: Corbyn to remain neutral in second Brexit referendum Meanwhile, Jeremy [...]
Wincanton drops interest in offer for Eddie Stobart November 25, 2019 Wincanton has abandoned plans to make a possible offer for its peer Eddie Stobart Logistics. Chairman Martin Read said in a statement: “Wincanton will continue to explore acquisition opportunities to complement its organic growth but we owe it to our shareholders and other stakeholders not to take disproportionate risks.” Read more: Wincanton raises dividend as [...]
Beer trademarks break records amid craft boom November 25, 2019 Consumers drank up new craft and low-alcohol products in their masses last year, with the number of trademarks registered for beer in the UK soaring to a record high of 2,500. Beer trademarks climbed six per cent in 2018 when compared to the previous year, having risen 89 per cent over the last five years. [...]
Michael Bloomberg joins crowded US presidential race November 24, 2019 Donald Trump made history after becoming the first New York billionaire to move into the White House, but now it looks as if a fellow titan of the Big Apple is hot on his feels. Michael Bloomberg officially kicked off his campaign to become the next US president today, entering an already-packed field of Democratic [...]
Hong Kong’s local elections in spotlight after months of protests November 22, 2019 Hong Kong is bracing itself for a fresh weekend of tension as voters in the city head to the polls after months of civil unrest. More than 4m residents will go to the ballot box for district council elections on Sunday, with Hong Kong facing its first electoral test of public opinion since the pro-democracy [...]
