Pub giant Shepherd Neame serves up rising profits September 26, 2018 Britain’s oldest pub owner posted a five per cent rise in profit in the year to the end of June this morning, following 12 months that have seen the brewer ramp up its operations in London and the south east. Read more: Spirits in the sky as pub landlord enjoys bumper summer of profits Shepherd [...]
The story behind the steady rise of ethical homeware and why it’s the next frontier in sustainable shopping September 25, 2018 Did you know that the global fashion industry is on track to consume over a quarter of the world’s annual carbon allowance by 2050? Stella McCartney does and she’s been travelling the world with sailing wonderwoman Dame Ellen MacArthur shouting about it for the last couple of years now. Perhaps that’s why so many [...]
Taxpayers to foot £65m bill from Carillion redundancies September 25, 2018 Taxpayers are set to cough up £65m in redundancy payouts following the collapse of outsourcer giant Carillion. The liquidated construction services company, which bucked under the weight of a £1.5bn debt pile in January, has so far paid out £50m of the total £65m after thousands of workers were made redundant. The figures also [...]
Comcast has built up a 30 per cent Sky stake following its auction showdown with Fox on Saturday September 25, 2018 US media titan Comcast this morning confirmed it had bought 30 per cent of shares in British broadcaster Sky so far after winning a dramatic auction for the company against 21st Century Fox on Saturday. In a note to the market, it confirmed it had purchased 515,885,170 shares at its improved offer price of £17.28 per [...]
Tesco Bank to face City watchdog’s largest ever cyber security fine September 24, 2018 The banking arm of supermarket chain Tesco could be facing a fine of more than £30m from the Financial Conduct Authority (FCA), over its role in a cyber hack on its systems in which numerous customer accounts were compromised. Tesco Bank is thought to be contesting the fine in active negotiations with the regulator, which could be reduced [...]
Simon Miller heads to Les Menuires in Savoie, and finds there’s nothing sedate about skiing with the kids September 24, 2018 Reberty is an upmarket suburb of Les Menuires. Its timber buildings are in stark contrast to the now protected, brutalist architecture of the surrounding areas, and its these classic alpine touches that lend a touch of class to this corner of the mountains. Contributing to this touch of class are the chalets run by Powder [...]
Sky shares fly as shareholders prepare to accept Comcast’s £30bn takeover offer ‘immediately’ September 24, 2018 Sky's share price flew up almost nine per cent in early morning trading as it urged investors to accept Comcast’s £30.6bn takeover offer immediately, calling it “an excellent outcome for independent Sky shareholders”. The company’s independent committee backed the offer unanimously this morning, following a bidding war between billionaire Rupert Murdoch’s 21st Century Fox and [...]
British Steel owner Greybull buys majority stake in phone recycling company Redeem September 23, 2018 Investment group Greybull Capital has bought the majority stake in mobile phone recycling company Redeem. The business works with partners such as 3, Vodafone and Sky Mobile and the undisclosed amount of funding from British Steel owner Greybull will allow Redeem to renew a contract with O2 and implement its growth strategy. Read more: Millions paying [...]
Comcast secures victory over Fox to buy Sky for £30.6bn September 23, 2018 In a conclusion to the heated corporate bidding war that lasted almost two years, US cable television provider Comcast outbid 21st Century Fox last night with a total offer of £30.6bn for control of broadcasting giant Sky. The final offer came in at £17.28 per share from Comcast after three rounds of bidding in the UK's largest [...]
Worldpay boss rumoured to be in the hiring line for BT Group September 22, 2018 Britain’s largest telecoms company BT Group is in advanced talks to appoint Worldpay’s outgoing joint chief executive Philip Jansen as its new boss, according to Sky News. Jansen is believed to be the preferred candidate for the role, which opened up in June after BT’s boss Gavin Patterson revealed he would stepping down towards the [...]