Government drops probe into Saudi investments in Evening Standard and Independent September 16, 2019 The government has decided not to pursue a probe into Saudi investments in the Evening Standard and the Independent, despite concerns they could harm freedom of expression. Culture secretary Nicky Morgan today said she will not appeal a court ruling that blocked the government from forcing a full public interest inquiry. Read more: Independent and [...]
Focus on: Living by the River Thames September 13, 2019 Every September, the River Thames plays host to the Totally Thames festival; a month-long event which sees it taken over by art installations, history tours and performances. It’s a chance for Londoners to reconnect with the body of water that provides the backdrop to our daily lives, and make the most of some of the [...]
Oasis and Warehouse buy London menswear website September 10, 2019 The Oasis and Warehouse group has moved into menswear for the first time with the acquisition of a London-based online fashion brand. The Idle Man, which is headquartered in Shoreditch, was founded in 2014 by former Asos buyer Oliver Tezcan. The e-commerce platform sells men’s brands and its own labels. Read more: Oasis and Warehouse [...]
Keep the customer satisfied September 9, 2019 Everyone is looking for the secret to success in business. Perhaps they always have been; Dale Carnegie was writing self-help books for what we’d now call entrepreneurs in the 1930s. There’s an inevitable tension between the idea that there are universal lessons or tips, and that each business venture is unique and entirely of its [...]
Oil services deals fail to take off even years after downturn September 6, 2019 The amount of consolidation in the oil services sector is slowing, experts warned today, as companies in the sector face difficulties. The number of mergers or acquisitions (M&A) allowed to 37 in the first half of 2019, new data shows, a reduction from 64 in the same period last year. Read more: Creditors of Gulf [...]
Electric car sales charge ahead with record monthly demand September 5, 2019 More electric cars were sold in Britain last month than ever before, as zero-emission car sales rose fivefold amid an otherwise subdued automotive market. Zero emission car sales came to 3,147 vehicles in August compared to just 659 this time last year, as the release of several new models over the summer boosted demand, including [...]
Melrose shares get a boost despite GKN job cuts and car industry warning September 5, 2019 Takeover specialist Melrose Industries this morning predicted the downturn in the global automotive industry will persist until at least the end of the year, but enjoyed a jump in shares as it allayed investor concerns about the effect the industry’s struggles were having on its own business. Melrose’s market value rose five per cent this [...]
Brexit bargains: Foreign buyers snap up UK companies in M&A frenzy September 3, 2019 The value of foreign takeover deals in the UK have jumped over the last quarter, nearly doubling on the previous three-month period after several notable mergers were inked in the City. Read more: UK M&A deal values more than halve amid global tensions Inward mergers and acquisitions, whereby an overseas company acquires a UK firm, [...]
Labour floats radical housing policy as election looms September 2, 2019 Labour is mulling a radical new housing scheme in which first-time buyers could potentially purchase their property for less than the market price. Shadow chancellor John McDonnell said the plan, first floated by Jeremy Corbyn in 2015, would disrupt the rising buy-to-let market and stop landlords making “a fast buck” at the expense of their [...]
Berkeley Group faces opposition to new bonus policy September 1, 2019 Berkeley Group is facing opposition to its payment policy after a shareholder advisory firm urged investors to vote against the housebuilder’s new bonus structure at a meeting this week. The payment policy has been opposed by Institutional Shareholder Services (ISS), which said proposals to axe its bonus were “unlikely to affect the remuneration received by [...]