Sirius Minerals set to unveil £2.5bn equity and debt package April 29, 2019 London-listed Sirius Minerals is set to unveil a £2.5bn debt and equity fundraising tomorrow as it seeks to develop a potash mine in Yorkshire. Sky News reported that Sirius is set to announce its largest equity-raising to date as part of a massive financing package. Read more: Sirius Minerals on track with Yorkshire mine but still [...]
Board to hold crunch meeting over Sir Philip Green’s Arcadia restructure tomorrow April 29, 2019 Bosses at Sir Philip Green’s Arcadia are reportedly set to discuss the fate of the troubled fashion firm at a crunch meeting tomorrow. Read more: Sir Philip Green appoints restructuring specialists to Arcadia's board The future of the fashion tycoon’s retail chain, which includes brands such as Topshop and Dorothy Perkins, is set to be [...]
German insurer Allianz close to deal for L&G’s general insurance business April 29, 2019 German insurer Allianz is in advanced discussions to buy Legal & General’s (L&G) general insurance arm, which was put up for sale last year. Allianz has fended off rivals, including Direct Line, and a deal is understood to be close, according to Sky News. Read more: German insurance giant Allianz unveils record €11.5bn profit The deal [...]
City forum intervenes in Barclays’ battle with Bramson April 28, 2019 A forum for City investors has intervened in Barclays’ battle with activist investor Edward Bramson, ahead of the bank’s general meeting this week. Investor Forum has written to Barclays in recent weeks at the prompting of major institutional investors to raise a number of concerns, Sky News reported. The news comes before Barclays’ general meeting [...]
SSE talks to Talktalk over £1bn retail unit after scrapping Npower deal April 28, 2019 Scottish energy supplier SSE has approached a number of its rivals, and broadband provider Talktalk as it tries to find a buyer for its £1bn retail division. The company has promised to update shareholders on the future of the unit before its full year results towards the end of May, after a merger deal with [...]
Labour could bypass second referendum if it agrees Brexit deal with government, shadow cabinet minister suggests April 28, 2019 Labour could be prepared to bypass a second referendum and sign up to a Brexit deal it agrees with government, the party's shadow business secretary has hinted. Rebecca Long-Bailey, who is taking part in cross-party talks between the two parties to try and find a compromise, refused to say whether Labour would demand a confirmatory referendum on [...]
Vauxhall issues third recall over Zafira fire risk April 27, 2019 Vauxhall has issued a recall for 235,000 Zafira people carriers for the third time over the risk that the cars could catch fire. The latest recall, which follows two previous recalls in 2015 and 2016, affects cars built between 2005 and 2014 which do not have electronic climate control, Sky News reported. Read more: Vauxhall [...]
Slack files for IPO as it targets New York Stock Exchange debut April 26, 2019 Collaboration tool Slack has confidentially filed to float on the New York Stock Exchange. Read more: Uber reveals IPO will value firm as high as $90bn The messaging app will join the stock market under the ticker symbol SK this summer, in either May or June, according to its filing. Slack, which was last valued [...]
Wanted: Your free-market ideas to give everyone a shot at improving their lives April 26, 2019 Life isn’t fair. It never will be. In fact, so much of what we experience day-to-day, year-to-year, is a result of things we can’t control – the country we’re born in, the robustness of our immune system, the bumps on our nose (well, mine anyway) are pre-determined facts of life. Progress means embracing or overcoming [...]
Protecting the UK’s creative treasures by bringing the digital pirates down a peg leg or two April 26, 2019 The gathering storm of state-backed piracy is high on the agenda, as leaders from creative industries gather for World Intellectual Property Day today. As you read this, a pirate media empire is illegally broadcasting 10 channels of live sport – including one of Britain’s most valuable exports, the English Premier League – to a region [...]