India’s Hinduja brothers top Rich List for third time as Jim Ratcliffe loses out May 12, 2019 Britain’s 1,000 richest people have again had their respective fortunes stacked against each other to determine the most wealthy person in the country, in the 2019 Sunday Times Rich List. This year it was bad news for Jim Ratcliffe, owner of chemicals giant Ineos, who dropped to third place after topping last year’s list, while [...]
Metro Bank prepares for £350m placing next week May 11, 2019 Metro Bank will next week announce a new £350m fundraising which it hopes will end weeks of pressure over the state of its finances. The bank has started formal talks with institutional investors, one city source told Sky News. Read more: Major investor cuts Metro Bank stake by almost a third It is said to [...]
Island hopping, dodging coconuts and chasing giant tortoises in Seychelles May 10, 2019 Biking around the flat sandy paths of Desroches island in the Indian Ocean, with only birds, turtles and tortoises for company, I happen across a warning sign nailed to a palm tree on the edge of the new Four Seasons resort. “Beware of falling coconuts”. Just moments later I encounter a similarly rustic sign bashed [...]
The Fragrance Shop: something stinks May 10, 2019 You may have read about or watched the story of Sanjay Vadera, CEO of The Fragrance Shop, recently. He appeared on Sky News last week to talk about McArthurGlen, his landlords, who want to take away his six outlet stores and hand them to his rival, so he’s taking them to court. The case will [...]
Thomas Cook shares gain altitude as Virgin Atlantic joins bidding war May 10, 2019 Travel agent Thomas Cook soared on the markets this morning amid reports that Virgin is joining the race to take over the business. Richard Branson’s Virgin entered the battle to acquire the struggling tour operator’s UK long-haul operations by lodging a preliminary offer, Sky News reported after the bell yesterday. Read more: Thomas Cook shares [...]
One more miracle? Manchester City and Liverpool’s Premier League title race approaches its last hurdle May 9, 2019 Before the dramatic events of this week unfolded, most observers, whether impartial or otherwise, would have agreed that the Premier League title race was likely a foregone conclusion. But we now live in a post-Vincent Kompany 30-yard screamer, post-Champions League semi-final comeback mayhem world which has made a mockery of such assumptions. Anything is possible [...]
Atom Bank to raise £50m after major shareholder BBVA decides against full takeover May 9, 2019 Atom Bank, an online-only lender, is preparing to launch a £50m fundraising bid after its main shareholder abandoned a full takeover of the company. The bank has started speaking to investors over the fundraise in recent weeks, Sky News reported today. Read more: How Monzo plans to save you money on your energy bills It [...]
Emirates profit sinks to a 10-year low as jet fuel bill takes off May 9, 2019 Gulf carrier Emirates has reported its lowest profit in 10 years, blaming a stronger US dollar and sky-high fuel costs. The full-service airline said its net profit fell 69 per cent fell to 871m dirhams (£182m) in the year to 31 March. Read more: Thomas Cook shares leap following Lufthansa bid for airline business The number [...]
Hong Kong Horse Racing Tips: Lor can continue to Bloom in the dirt at Sha Tin May 7, 2019 SHA TIN hosts a competitive eight-race card on the all-weather surface this afternoon. Locals are always wary of a track bias when racing takes place on the dirt, and it’s easy to understand why. For instance, early last month, there was an eight-race meeting on dirt, where all the races were won by horses that [...]
Horse Racing Betting Tips: Forecast rain can see Ottokar crowned King in Chester Vase May 7, 2019 TRAINER Aidan O’Brien had a weekend to remember when taking both the 1000 and 2000 Guineas at Newmarket and will fancy his chances of landing this afternoon’s MBNA Chester Vase (3.35pm) for an eighth time in 11 years. However, the question is which of his three entries holds the best chance as they all seem [...]