Labour pledges an extra £40bn to NHS November 12, 2019 Labour will outspend the Tories on health by promising an extra £40bn to the NHS if it wins next month’s General Election. Shadow chancellor John McDonnell and shadow health secretary Jonathan Ashworth will unveil Labour’s health policy tomorrow, promising to increase the health and social care budget to £178bn in 2023-24 – an average annual [...]
Law firm tries to muscle in on £1bn forex cartel claim November 6, 2019 US claimant law firm Hausfeld is trying to muscle in on a £1bn group action against a raft of banks who were found to have rigged the foreign exchange markets. The Competition Appeals Tribunal (CAT) heard today that Hausfeld is set to bring a claim by the end of November. The CAT was sitting for [...]
Why London could hold the key to December’s Brexit election November 5, 2019 Cat Neilan explores the state of play in the capital ahead of the 12 December – and identifies eight battleground seats While some have identified “Workington Man” as the decisive demographic in this election, the capital is home to a number of significant marginal seats which could play a central role in deciding who claims [...]
Corbyn leads his troops into a vicious class war November 1, 2019 Running an election campaign on the basis of a question is a risky business. Ted Heath found this out after the 1974 election during which he’d asked the voters: “Who runs Britain?” The response was clear: “Not you.” Yesterday, Jeremy Corbyn launched his own pitch for Number 10 with a rather more divisive, even sinister, inquiry: “Whose [...]
How a Lexus mid-life crisis led to a £3m yacht and a car that outshines Jaguar and Porsche October 30, 2019 A few years ago, at the prestigious Pebble Beach concours in California, the president of the Toyota Motor Company was holding court and pressing flesh. Akio Toyoda, 63, is the grandson of Toyota’s founder and so, you can imagine, he takes enormous pride in its products, and none more so than its luxury off-shoot, Lexus. [...]
Takeway.com tells shareholder Delivery Hero to abstain on Just Eat vote October 28, 2019 Takeaway.com, the Dutch food delivery firm eyeing a merger with Just Eat, has asked investor Delivery Hero to abstain from voting on the deal. Prosus, which is the largest shareholder in Delivery Hero, last week tabled a £4.9bn rival takeover bid for Just Eat, sparking a bidding war with Takeaway.com. Read more: Just Eat gatecrasher [...]
Just Eat gatecrasher vows to take on Deliveroo with major cash boost October 27, 2019 The South African firm hoping to derail Just Eat’s merger with rival Takeaway.com is planning to invest hundreds of millions of pounds into the delivery firm in a bid to take on Deliveroo. Prosus, the Dutch division of tech conglomerate Naspers, last week tabled an audacious £4.9bn takeover bid for Just Eat, sparking a furious [...]
Time’s up: Ending the tyranny of clock-changing would make us a richer, happier nation October 25, 2019 It’s that time of year again where the government exerts its power over time itself. In the early hours of Sunday morning, British Summer Time (BST) will officially be no more, and the country will return to Greenwich Mean Time (GMT) until March. Alas – for it would make far more sense to stop changing [...]
Aberdeen Standard Investment calls for Just Eat to consider Prosus and Takeaway.com offers October 23, 2019 Takeaway delivery platform Just Eat could be the focus of a bidding war after an investor urged the board to engage with multiple interested parties. Aberdeen Standard Investment called for the Just Eat board to “explore all available options” and engage with Takeaway.com and Prosus, which have both tabled bids for the firm. Read more: [...]
Activist investor Cat Rock tells Prosus not to interfere with Takeaway.com bid for Just Eat October 22, 2019 Activist investor Cat Rock has warned investment firm Prosus not to interfere with Takeaway.com’s bid for rival food delivery service Just Eat. Prosus launched a £4.9bn all-cash offer for Just Eat today, representing a 20 per cent premium to Takeaway.com’s all-share offer which has been negatively impacted by the Dutch businesses’ falling share price. Read [...]