Daily Mail owner eyes The i newspaper as struggling Johnston Press looks to offload assets November 10, 2018 The company behind the Daily Mail is considering a bid for the 'i' newspaper a month after owner Johnston Press said it would put itself up for sale. The Daily Mail and General Trust is in the early stages of planning a bid due in a few weeks, Sky News reported. The newspaper, which is housed in [...]
New report will urge FTSE bosses to bolster number of women on their boards or risk being accused of tokenism November 10, 2018 Next week around 75 firms in the FTSE-350 will be challenged as to the number of women on their boards, with concerns that many are not taking gender diversity seriously enough. The Hampton-Alexander review is expected to highlight that as many as 75 companies only have one female board member and risk being accused of tokenism amid [...]
Deloitte calls for audit market cap and ban on selling extra services to audit clients November 8, 2018 Two of the world’s biggest accountancy firms have backed a ban on UK auditors selling extra services to their audit clients, setting the stage for a huge shift in the embattled sector. Deloitte and KPMG – two members of audit’s Big Four – have backed the move, which would potentially put hundreds of millions in fee income [...]
KPMG will halt non-audit work on FTSE 350 clients in wake of Carillion November 8, 2018 KPMG is set to become the first of the so-called Big Four to cease all non-audit work for FTSE 350 clients in the wake of Carillion. The auditor will stop providing all but some essential non-audit services for the 90 FTSE 350 customers whose accounts it audits, it has told 625 UK partners in a [...]
Talktalk stalls on £1.5bn deal to roll out full-fibre internet to UK homes November 7, 2018 British telecoms network Talktalk has put discussions with Prudential-owned investment vehicle Infracapital on hold amid a valuation dispute on a £1.5bn deal to roll out full-fibre broadband to millions of homes across the country. Sky News reported tonight that the two parties have reached an impasse on the joint venture, which was announced in February. [...]
Brexit bilateral deals will create a ‘migraine’ for private aviation, says industry CEO November 7, 2018 Bilateral aviation agreements with the EU after Brexit would create a "migraine" for the private jet industry, the boss of global booking platform PrivateFly has said. PrivateFly chief executive Adam Twidell, a former RAF pilot who launched the business with his wife Carol in 2008, told City A.M. that the possibility of Britain striking a number of [...]
The sky’s the limit: Solving the housing crisis involves unlocking the UK’s air rights November 7, 2018 The biggest and brightest cities in the world are known for their skylines, where towers and skyscrapers made of glass and steel jostle with one another, vying for our attention. Skyscrapers are the hallmark of bustling and healthy cities – a sign that a lot of people want to live and work within a few square [...]
Pepsico’s Pipers deal adds to record year for US acquisitions of UK firms November 6, 2018 Pepsico swooped on premium British crisp brand Pipers today adding to a bumper year for US acquisitions of UK firms, with deals already hitting a record $87bn (£66.4bn). The value of acquisitions has surged by a whopping $57bn since last year, according to figures compiled by Dealogic. The record figure does not include the undisclosed value [...]
Top HSBC executive probed by Financial Conduct Authority November 6, 2018 A top executive at HSBC is being probed by city regulator the Financial Conduct Authority (FCA). Sky News reports that Paul Watson, whose online profile lists him as head of regulatory compliance for the global banking and markets division of HSBC, is being investigated by the regulator. The inquiry, which is thought to have started [...]
Pepsico bid for British crisp brand Pipers shows more US companies hungry for UK assets November 6, 2018 Pepsico swooped on premium British crisp brand Pipers today adding to a bumper year for US acquisitions of UK firms, with deals already hitting a record $87bn (£66.4bn). The value of acquisitions has surged by a whopping $57bn since last year, according to figures compiled by Dealogic. The record figure does not include the undisclosed [...]