Mitchell & Butlers gets warning over directors January 18, 2012 PUB GROUP Mitchell & Butlers has been issued a “red top” warning by the Association of British Insurers (ABI), due to concerns stemming from the British company’s position as the only FTSE 350 firm without any independent non-executive directors. ABI’s highest-level alert comes days before Mitchell & Butlers’ general meeting, scheduled for next Thursday, when [...]
Mitchell & Butlers gets warning over directors January 18, 2012 PUB GROUP Mitchell & Butlers has been issued a “red top” warning by the Association of British Insurers (ABI), due to concerns stemming from the British company’s position as the only FTSE 350 firm without any independent non-executive directors. ABI’s highest-level alert comes days before Mitchell & Butlers’ general meeting, scheduled for next Thursday, when [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 14, 2012 FINANCIAL TIMES FINANCIAL AUTHORITY URGED TO DROP OPAQUE CHARGES The new Financial Conduct Authority should use its powers to remove opaque banking charges and make it cheaper for new lenders to enter the market, a panel that represents the interests of retail customers has urged. In a paper to be published today, the Financial Services [...]
CITY INVESTORS TAKE STOCK OF SMALL-CAP SUCCESS STORIES January 25, 2012 FORGET the FTSE 100 – it’s the companies further down the stock market that will lift the country of recession, says Grant Thornton partner Philip Secrett, who last night called on the government to abolish stamp duty for Aim- and Plus-listed firms. Secrett was addressing a roomful of the City’s small-cap businesses, the fund managers [...]
Sparks to fly at Mitchells & Butlers annual meeting January 22, 2012 THE BOARDROOM drama continues at pub group Mitchells & Butlers this week, with all five directors up for re-election at its AGM in Birmingham on Thursday. The AGM follows renewed criticism of the board by Pirc and the Association of British Insurers, which last week raised concerns that M&B is the only FTSE 350 firm [...]
Sparks to fly at Mitchells & Butlers annual meeting January 22, 2012 THE BOARDROOM drama continues at pub group Mitchells & Butlers this week, with all five directors up for re-election at its AGM in Birmingham on Thursday. The AGM follows renewed criticism of the board by Pirc and the Association of British Insurers, which last week raised concerns that M&B is the only FTSE 350 firm [...]
Firms fear red tape and euro January 4, 2012 THE EUROZONE crisis is the most important issue facing the UK economy, but the government should do more to support the financial services industry and slash the red tape damaging any hopes of recovery, top London businesses told Ipsos Mori’s Captains of Industry survey. The level of regulation on UK businesses is harming the economy [...]
Rolls-Royce is lifted by £1bn Trident contract June 18, 2012 SHARES in Rolls-Royce rose to outperform the general market yesterday, after it confirmed it had signed a contract worth more than £1bn with the ministry of defence to deliver reactor cores for the UK’s nuclear-powered submarine fleet. The deal includes the refit of Rolls’ submarine propulsion reactor factory at Derby in central England, where Rolls [...]
Mitchells & Butlers sales better than forecast January 26, 2012 Restaurants and pubs group Mitchells & Butlers reported a better than expected first quarter sales rise, benefiting from milder weather over the Christmas and New Year period and strong demand for casual dining. The company, whose chains include Harvester, Toby Carvery and All Bar One, said it was confident of further growth in the year [...]
Mitchells & Butlers sales better than forecast January 26, 2012 Restaurants and pubs group Mitchells & Butlers reported a better than expected first quarter sales rise, benefiting from milder weather over the Christmas and New Year period and strong demand for casual dining. The company, whose chains include Harvester, Toby Carvery and All Bar One, said it was confident of further growth in the year [...]