Escape to Tea Country: With over 150 years of tea making heritage, Sri Lanka is a brew-lover’s paradise June 18, 2018 Sri Lanka, the teardrop shaped island in the Indian Ocean, is the size of Ireland, yet it’s home to an incredible diversity of wildlife. In the deep waters off the southern cape, blue whales, the largest animal on earth, come to breed. Herds of the largest land animal, the elephant, freely crisscross the island. Leopards [...]
City writes to chancellor asking for shake up of tax system June 18, 2018 Some of the City’s leading associations will call on the government to review the tax burden imposed on entrepreneurs and the broader finance industry. A letter is being readied by groups including the City of London Corporation, UK Finance, TheCityUK, the Investment Association and the Association of British Insurers, which will be handed to chancellor [...]
Brussels clears Comcast bid for Sky June 15, 2018 The European Commission has approved Comcast’s bid for Sky, turning up the heat in the battle with 21st Century Fox for the broadcaster. Brussels authorities said that the proposed merger raised no competition concerns in Europe. “The commission found that the proposed transaction would lead to only a limited increase in Sky’s existing share of [...]
Brexit: Meaningful vote defeat will overthrow Theresa May, says prominent Tory MP Tom Tugendhat June 14, 2018 Theresa May will be overthrown if her government’s deal on Brexit is rejected, an influential backbench Tory has warned. Tom Tugendhat, chair of the Foreign Affairs Committee, this morning said there would be no way she could continue if the government failed to get backing for its deal when it is put to a parliamentary [...]
Vue Entertainment to postpone IPO after major Canadian shareholder considers selling stake June 14, 2018 The UK's largest cinema chain, Vue Entertainment, may postpone its plans for a stock market float after news that one of its biggest shareholders is considering selling its stake in the company. According to Sky News, which first reported the reshuffle, Canadian company Alberta Investment Management Corporation (Aimco) is seeking a buyer for its ts [...]
Comcast tops Disney with $65bn offer for Twenty-First Century Fox June 13, 2018 Comcast has offered $35 (£26.17) per share in an all-cash offer to buy Twenty-First Century Fox, topping Disney’s previous offer by 19 per cent. Comcast, which is the largest US cable TV provider, said its offer totals at around $65bn. Disney previously made a $52.4bn all-stock offer to Fox, which was accepted in December. The [...]
Ryanair says new $300m UK base at London Southend airport isn’t a vote of confidence in UK aviation June 13, 2018 Ryanair is to open a new base at London Southend airport in April 2019, despite its oft-repeated warnings of “serious disruption” to flights after the UK leaves the European Union. But the airline’s chief commercial officer David O’Brien warned the move should not be viewed as "some sort of vote of confidence in the future [...]
Billionaire Tory donor Crispin Odey demands the resignation of two top Tungsten bosses June 13, 2018 Hedge fund manager and Conservative party donor Crispin Odey has opened fire on the chief executive and chairman of Tungsten Corporation, demanding that they be kicked off the board. As one of the largest shareholders in Tungsten, Odey Asset Management is said to have been canvassing votes from its fellow members to force the hands [...]
Here are the nine biggest new game announcements from E3 2018 June 13, 2018 This year's E3 conference in Los Angeles ushered in some fresh announcements alongside a raft of previously revealed games. As the show draws to a close, here's a selection of the biggest trailers from E3 2018. CyberPunk 2077 Release date: 2019 on PS4, XBO and PC Polish studio CD Projekt Red is best known [...]
PwC faces record-breaking £10m fine over poor BHS audit June 12, 2018 Big Four accountancy giant PwC has been slapped with a record £10m fine from the Financial Reporting Council (FRC) for its work auditing retailer BHS prior to its sale for £1. The PwC partner who conducted the audit, Steve Denison, is also facing a personal fine of £500,000 from the FRC relating to his work [...]