Eddie Stobart confirms £55m rescue bid that leaves shareholders in the cold November 13, 2019 Eddie Stobart today confirmed that a major shareholder has made a £55m bid for a controlling stake in the company, following a report warning investors will lose out. Douglas Bay Capital Fund wants to buy a 51 per cent stake of of a new entity that would then become the holding company for Eddie Stobart. [...]
Eddie Stobart shareholders face steep losses in potential rescue November 12, 2019 Shareholders in logistics firm Eddie Stobart face a steep cut in the value of their investment as part of a proposed financing deal. A proposed offer from former controlling shareholder Dbay Advisors would be at a huge discount to the price at which its shares were suspended in August, Sky News reported. Citing sources, the [...]
Sanjeev Gupta’s Liberty House could sell Jaguar Land Rover supply business November 12, 2019 Sanjeev Gupta’s industrial conglomerate Liberty House is considering selling a major automotive supplier to Jaguar Land Rover (JLR) and Renault. The company has hired advisers from Grant Thornton to look into how to address market issues facing Liberty Pressing Solutions (LPS). Read more: GFG Alliance launches $15bn Liberty Steel Group One of the options on [...]
Revolut hopes to win round cynics with heavyweight hires November 12, 2019 Fast-growing fintech firm Revolut will confirm today the worst kept secret in the City; Martin Gilbert, the asset management titan, is to become its new non-executive chairman. The move – unsurprising though it may be – is a stark reminder of the startup company’s ambitions to become a global bank. In the last six months [...]
Water industry set to announce new boss ahead of nationalisation fight November 11, 2019 A former Centrica executive is set to be announced as the new boss of the UK’s biggest water trade body as the industry gears up to fight nationalisation and a regulatory crackdown. Water UK is set to appoint Christine McGourty as its new chief executive, Sky News reported. The announcement of her appointment is expected [...]
BBC signs on-demand deal with Sky as it bolsters iPlayer for streaming wars November 11, 2019 The BBC has struck a deal with Sky to integrate iPlayer into the firm’s pay TV platform in the corporation’s latest attempt to bolster its on-demand offering. The partnership will allow Sky Q customers to access the iPlayer app by pressing the red button when watching a BBC channel. Read more: BBC data breach leak [...]
Conservatives and Labour battle over election spending pledges November 10, 2019 The Conservatives have sparked a furious political row with Labour over claims that a Jeremy Corbyn government would splurge over £1 trillion on its policy pledges. Shadow chancellor John McDonnell said the Tory attack was “fake news” while government ministers came unstuck amid questions about their own spending commitments. Read more: Sajid Javid confirms new [...]
Conservatives refuse to reveal cost of spending pledges November 10, 2019 Tory cabinet members have refused to say how much the Conservatives will pledge to spend as a part of the party’s manifesto. The party put out figures last night that show a Labour government would spend £1.2tn if elected and would bankrupt the country. Read more: General election 2019: Javid confirms ‘new fiscal rules for [...]
TSB Bank facing heavy criticism after investigation into IT meltdown November 9, 2019 TSB Bank is set to be criticised for failing to prepare for a systems migration in a report on the malfunction that left 2m customers unable to access their current accounts. City law firm Slaughter and May has submitted its final report on the incident to the bank and regulators, according to Sky News, with [...]
The Aeronauts film review: Felicity Jones shines in this good old-fashioned adventure November 8, 2019 A template is emerging for films starring Eddie Redmayne, and The Aeronauts fits it. It’s a period piece (in this case, the 1860s), everyone is endearingly upper-class, and proceedings are dominated at all times by an overriding sense of whimsy. It is based on the true Victorian adventure story of scientist James Glaisher (Redmayne) and [...]