Punch Taverns takeover: Heineken and pub entrepreneur Alan McIntosh in bidding war December 15, 2016 Punch Taverns is in the midst of a takeover tussle between Heineken and Alan McIntosh, an entrepreneur who was one of the pub company’s founders. Shares in Punch soared as news of the two approaches emerged, ending the day nearly 38 per cent up at 177p. Yesterday morning, City A.M. revealed that McIntosh has tabled [...]
EXCLUSIVE: Punch Taverns at centre of takeover battle as entrepreneur bids 185p per share December 14, 2016 Punch Taverns is set to become the focus of a bid battle between Heineken and Alan McIntosh, a wealthy entrepreneur who was one of the company's founders. McIntosh has bid 185p a share for the pub company, City A.M. revealed today. Heineken has made an approach of 174p a share for the company. Punch Taverns issued a statement saying: The [...]
Sadiq Khan makes progress in bid to become the London mayor for business December 12, 2016 LONDON mayor Sadiq Khan is making progress in his bid to become the city’s “most pro-business mayor ever”. In a recent poll of more than 500 London businesses the proportion who saw him as pro-business remained at 39 per cent, the same as it was before his election. Yet the same poll, which was commissioned [...]
Mining stocks have finally recovered in step with commodity prices but can the rally continue? December 12, 2016 AS THE political earthquakes of the past few months exact a heavy toll on currencies including sterling, commodities have been a beneficiary. Iron ore prices, for example, have doubled from their January 2016 lows while other base metal prices like zinc have also climbed, up nearly 70 per cent in the year to date. The [...]
Ultimate Products appoints retail veteran and former Poundland CEO ahead of potential IPO next year December 12, 2016 NULL
Imperial Brands must invest in new, safer heating products to compete with tobacco giants December 11, 2016 Imperial Tobacco's failure to invest in safe new products could hit future profits, City analysts have said. The tobacco giant's reluctance to develop reduced risk materials could impact on long term growth after rival firms have poured billions into developing safer cigarette technology. British American Tobacco (BAT), Philip Morris International (PMI) and Japan Tobacco International (JTI) all [...]
Optimistic investors see FTSE 100 edging higher in 2017 according to a new poll by Interactive Investor December 11, 2016 NEARLY three quarters of investors believe that the FTSE 100 index will continue to climb in 2017, with 35 per cent predicting it will end between 6,800 and 7,100. Interactive Investor, the online investment platform, conducted the poll of over 9,000 investors between 21 and 24 November. Rebecca O’Keeffe, head of investment at Interactive Investor, [...]
Disinherited daughter takes case all the way to the Supreme Court December 11, 2016 The Supreme Court will today hear an appeal in the case where an estranged daughter is challenging her deceased mother’s will, which left her estate to charity and disinherited her child. In the case of Ilott v Mitson, an estranged daughter, Heather Ilott, challenged her mother, Melita Jackson's, will after discovering it left her entire estate [...]
Central London take ups surge on the back of a number of large deals, CBRE finds December 11, 2016 Central London office take-up in November 2016 rose to 1m sq ft, representing a monthly increase of 118 per cent and bringing take-up in line with the 10-year monthly average, according to the latest figures from real estate consultants CBRE. Take-up in November 2016 was boosted by a number of large deals. A total of [...]
Johnson keen to emphasise UK’s close ties with Saudi Arabia after critical comments on Yemen December 11, 2016 Foreign Secretary Boris Johnson reiterated Britain's close ties to Saudi Arabia on a visit there yesterday, days after making comments seen as critical of the desert kingdom's actions in Yemen. "I'm here to emphasise the friendship that exists between the UK and Saudi Arabia, and that is something that is developing and expanding," Johnson said [...]
