Two sovereign wealth funds expected to receive Royal Mail shares October 10, 2013 While sovereign wealth funds are expected to be allocated large numbers of Royal Mail shares, according to Sky News. Sky's City editor Mark Kleinman says that Kuwait and Singapore-based wealth funds are among those which have share orders worth "hundreds of millions of pounds". His sources suggest that the two top funds are expected to [...]
Inside Track: Imperial’s Napier under pressure as shareholders rebel October 9, 2013 IT has been a poor week for the UK’s quoted tobacco companies. Even by the standards of a sector used to being the target of political hammerings, the suite of measures passed by MEPs on Tuesday was tough for investors to swallow: a ban on smaller packs, enlarged health warnings and new restrictions on products [...]
Peter Higgs wins Nobel prize for his work to find the God particle October 8, 2013 BRITISH scientist Peter Higgs and Francois Englert of Belgium won the Nobel Prize for physics yesterday for predicting the existence of the Higgs boson particle, which explains how elementary matter attained the mass to form stars and planets. The insight has been hailed as one of the most important in the understanding of the cosmos. [...]
Demand for Royal Mail shares exceeds £30bn October 8, 2013 With shares worth around £2bn to be sold, institutional investor demand has swamped that supply according to Sky News' City editor Mark Kleinman. That doesn't include demand from members of the public. Kleinman says that a "last-minute rush for shares" is expected throughout today. If you still want to buy shares, find out how here.
Bosses call for flat income tax October 7, 2013 THE HEAD of one of Britain’s leading business groups called for a flat tax yesterday, suggesting that it would benefit families whose marginal tax rates have been hiked by the loss of child benefit. Speaking on Sky News’ Murnaghan show, Simon Walker, head of the Institute of Directors (IoD), said a flat tax would boost [...]
It’s time to shred Britain’s complex and punitive tax system October 7, 2013 WHEN this government was first elected, it promised to simplify Britain’s tax code, which over the years has become one of the lengthiest in the world. To say that it failed would be a pathetic understatement. Our horrendous, maddening tax system keeps getting more complicated, with thousands of pages of incomprehensible nonsense added since 2010, [...]
Six bid for biscuit maker Burton’s October 7, 2013 More than six bidders have tabled offers for Britain’s second largest biscuit maker Burton’s. Apax Partners, Capvest, Charterhouse and Pamplona Capital are understood to be among the private equity firms that have expressed an interest in the company, according to Sky News. The sale of Burton’s which also owns Wagon Wheels and makes biscuits for [...]
Former head of Network Rail in line for Centrica chair October 4, 2013 The former head of Network Rail, Rick Haythornthwaite, has been scouted as the new chairman of British Gas, reports Mark Kleinman, City editor of Sky News. The owner of British Gas, Centrica, is in ongoing talks with Haythornthwaite, who looks set to take over form Sir Roger Carr. There are thought to be other candidates [...]
Co-op bidder advised by ex-head of Northern Rock October 3, 2013 As first reported by Sky News' City editor Mark Kleinman, a private equity firm that is being advised by the former boss of Northern Rock, Adam Applegarth, is among the bidders for Co-op's blighted insurance arm. The bank was left with a £1.5bn hole in its finances following the Prudential Regulation Authority's ruling that it must [...]
Tiernan-Locke’s old team asked for him to have further testing October 1, 2013 ENDURA Racing, the former team of English cyclist Jonathan Tiernan-Locke, say they asked for him to be put on a biological passport in early 2012 after his impressive results prompted rumours of doping. The small British team added that their request – an attempt to dispel what they saw as inaccurate gossip about Tiernan-Locke – [...]