DEBATE: Greece is the EU’s former problem child, but is it now finally out of the woods? June 20, 2018 Greece is the EU’s former problem child, but is it now finally out of the woods? Emiel van den Heiligenberg, head of asset allocation at Legal & General Asset Management, says YES. Greek GDP data for the first quarter brought good news: year-on-year growth has increased to 2.3 per cent, the strongest since mid-2008. That [...]
These have been named the 10 top chief executives in the UK by employees June 20, 2018 Sky Betting and Gaming's Richard Flint has been crowned the top chief executive in the UK in job site Glassdoor's employee choice awards. The list compiles the top bosses in the UK based on the input of staff providing anonymous feedback reviewing their chief executive's leadership, along with insight into their job and work environment [...]
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 [...]