Investment giant duo plot takeover of Bridgepoint-owned Element Materials November 23, 2021 Private equity firm Cinven and a Canadian pension giant are reportedly in talks for a joint bid for Bridgepoint-owned Element Materials Technology. The discussions between the private equity firm and Canada Pension Plan Investment Board (CPPIB) are still in the preliminary stages, Sky News’ Mark Kleinman first reported. Element, which offers testing services for materials [...]
Covid-19 global pandemic to be ‘regional epidemic’ by next year, says AstraZeneca boss November 23, 2021 AstraZeneca boss Pascal Soriot said that he expects the global Covid-19 pandemic to become a regional epidemic by next year, after the pharmaceutical giant decided to start profiting from its vaccine. The chief executive of the pharmaceutical giant told Sky News that by 2022, “essentially most of the world at that point will be in [...]
Martin Gilbert’s AssetCo enters bidding war for River & Mercantile November 23, 2021 Fund management veteran Martin Gilbert has been thrown into a bidding war for River and Mercantile (R&M) after the asset manager revealed it has been approached by more than one suitor. Both AssetCo, an Aim-listed acquisition vehicle chaired by Gilbert, and rival fund manager Premier Miton have made bids for R&M. Both firms already have [...]
UK property market bottoms out after stamp duty relief end November 23, 2021 The end of a watered down tax relief on home sales has caused the property market to bottom out, according to official figures released today. Research by HMRC found property sales shrank around 52 per cent over the last month, dropping to 76,930 in October, down from 160,220 in September. The looming end of the [...]
Generation Netflix: The weekly release could fall victim to our binge habit November 23, 2021 Much ado about, uh, something, stumbled one of Logan Roy’s goons as he tried to stall for time at the fictional shareholder meeting that would decide the fate of Waystay Royco. The machiavellian drama has been drip fed out to audiences like a doctor administering morphine really, really slowly. In contrast, the likes of Squid [...]
FTSE 100 chief execs continue to feel the pinch with lower pay packages November 22, 2021 The pay cheques of FTSE 100 company chief executives have taken a hit this year, as executive rewards were curbed during the pandemic, according to reports.
Georgia on my mind: The business of rugby November 22, 2021 Fans back packing stands, pints flowing, and roofs being raised. International rugby’s back and, as the inaugural Autumn Nations Series draws to a close, the on-pitch balance of power between the hemispheres seems delicately poised. Away from the pitch though, tensions exist as to the direction the sport should take post-pandemic. A tough 2020 for [...]
Caroline Nokes: They ‘trawled through’ my sex life after I said Boris Johnson’s father Stanley touched me inappropriately November 22, 2021 After accusing the Prime Minister’s father of inappropriately touching her, a senior female MP has revealed that journalists scoured through her past sex life to “find some sort of defence.” Caroline Nokes, the Conservative MP for Romsey and Southampton North and chairwoman of the Commons Women and Equalities Committee, accused Stanley Johnson of forcefully smacking [...]
Exclusive: Starmer calls for ‘economic reset’ as he makes pro-business pitch to the CBI November 21, 2021 Sir Keir Starmer will tomorrow hone Labour’s pitch as an unapologetically pro-business party as he claims the UK needs an economic “reset” after Brexit and Covid. Starmer, writing in City A.M., said his own reset of the Labour party has meant “showing business that as the party of work, we understand the need for stability, security, [...]
Virgin Atlantic to raise £400m to survive the winter November 21, 2021 UK carrier Virgin Atlantic is in talks with its shareholders regarding the possibility to raise a further £400m to help the airline face winter months. Sources said that, while the amount was still being finalised and will be announced by the end of the year, it is expected that Virgin Atlantic’s owner Sir Richard Branson [...]