RPC Group clears another hurdle to selling company to Berry Global as EU regulators approve £3.3bn deal April 25, 2019 Packaging giant RPC Group has taken a step closer to tying up its sale to US counterpart Berry Global, after the European Commission cleared the acquisition yesterday. Read more: Berry Global snatches RPC buyout from private equity firm Apollo Regulators ruled that the £3.3bn takeover “would raise no competition concerns given the limited horizontal overlaps [...]
Investors demand environment action from KFC, McDonald’s and Domino’s January 29, 2019 A group of investors representing over $6.5 trillion (£4.9bn) in assets has today demanded more transparency and commitments to tackling emissions from fast food chains Domino’s and McDonald’s. An open letter from investors including BMO Global and Aviva has called on the restaurants to publish plans to tackle the environmental risks from their suppliers by [...]
GKN and Melrose shareholder Aviva Investors backs the new £8.1bn bid as GKN rejects final offer March 12, 2018 A shareholder in both Melrose and GKN today said it backed the turnaround specialist’s increased offer of £8.1bn for the engineering giant. Aviva Investors said this afternoon said it was in favour of Melrose’s GKN bid, as the tussle between the two firms took yet another turn. However, GKN has rejected the revised and final [...]
Why take-up of shared parental leave is so dismally low — and the solution November 20, 2019 When the government introduced shared parental leave back in 2015, the idea was to encourage more fathers to stay home to care for their young children so that new mothers could go back to work if they want to. It was hoped that this in turn would go some way to closing the gender pay [...]
Why your CEO got fired: Ethical lapses cost bosses their jobs in 2018 May 15, 2019 The turnover rate of CEOs soared to 17.5 per cent last year as ethical lapses became the biggest factor behind sacking bosses. Read more: Revealed: The CEOs who oversaw tech's 10 biggest share price rises While the 20 per cent rate of “forced turnovers” among departures at the top remained the same in PwC’s 2018 [...]
Dogs of the Footsie 2019: 10 shares yielding 6 per cent plus March 23, 2019 By David Budworth from interactive investor. Here are the 10 high yielders that make it into this year's Dogs of the Footsie investment strategy. It's time to reset our Dogs of the Footsie portfolio, selecting the 10 highest-yielding shares of the FTSE 100 index. Around half of 2018's portfolio is carried over on to this [...]
Three directors to leave Barclays board as bank faces threat from activist investor Ed Bramson March 6, 2019 THREE directors will leave Barclays in May, the bank said today, as it looks to fight off activist investor Ed Bramson’s bid for a seat on the board. The bank said Mike Turner, former chief executive of BAE Systems, would step down as the arrival of new chairman Nigel Higgins “presented an opportunity to review [...]
The Big Sport Quiz of 2019: How much do you remember from a vintage year of sport? December 19, 2019 World Cups of cricket, rugby union, netball and women’s football. The end of Tiger Woods’s long wait for another Major. An epic men’s Wimbledon final. More success for Lewis Hamilton. Liverpool’s re-emergence as a football superpower. The return of Andy Murray. This has been a vintage sporting year all right. But how closely were you [...]
Barclays rallies shareholders to vote down Ed Bramson’s ‘destructive and destabilising’ board bid March 19, 2019 Barclays has issued a plea to shareholders to reject Ed Bramson’s bid for a seat on the board, warning his presence would be “destabilising and destructive” to the bank. The bank published a comprehensive 1,500 words explanation as to why shareholders should fend off the activist investor’s advances at its AGM in May. Bramson, whose [...]
BT’s brand value drops as new boss prepares image overhaul May 21, 2019 The value of telecoms giant BT’s brand slumped this year as new chief executive Philip Jansen prepares to overhaul the company’s image. BT dropped two rankings to 10th place this year as its brand value, which is calculated as the net economic benefit its owner would receive if it licensed the brand in the open [...]