Tesco and Unilever strike deal over Marmite price war October 13, 2016 It's over. After a day which divided a nation and saw (some) Britons head to their nearest supermarket to stock up on our favourite yeast-based love-it-or-hate-it spread, two of the biggest names in British retail laid down arms. Marmite-owner Unilever said this evening: Unilever is pleased to confirm that the supply situation with Tesco in the [...]
London Whale identification case heard in Supreme Court October 13, 2016 The City watchdog has faced off against a former JP Morgan executive in the UK's highest court today, looking to overturn a decision that it wrongly allowed him to be identified when reprimanding the bank over the London Whale scandal. Achilles Macris, who was responsible for a number of portfolios at the bank when its London [...]
EY reaches settlement over long-running $7.3bn Nortel Networks bankruptcy saga October 13, 2016 A settlement has been reached in the long-running global insolvency of Canadian telecoms giant Nortel Networks' European-based companies. Three groups of creditors, including 33,000 UK pensioners, Canadian pensioners and US bondholders, had been unable to agree who gets what from the $7.3bn (£6bn) to be distributed since the company’s collapse seven years ago. The battle has been over [...]
Beyond Heathrow versus Gatwick: The government should set airports free to compete for future growth October 12, 2016 The question of where to build a new runway in the South East has been stuck in the hangar for decades. But the lack of progress has not been for want of trying. Far from it. In fact, for all the time that’s been devoted to this issue over the last 40 years, we should have [...]
Britain’s younger generation are urged to plan ahead after new evidence reveals they will otherwise have to survive on a fraction of current retirement incomes October 11, 2016 Britons are facing the prospect of having to survive on a quarter of current average retirement incomes in the future as defined contribution schemes fail to yield returns anywhere near those provided by defined benefit schemes. Read more: The government's creating a new pensions and debt advice service A report by Centre for Economic and Social Research revealed the gloomy [...]
The board of SVG is now considering two sale options with a third waiting in the wings October 10, 2016 A bidding war for SVG Capital (SVG) has ignited after HarbourVest upped its offer in an attempt to challenge the board's previously preferred option. SVG is in detailed discussions with a group of investors led by Goldman Sachs and the Canadian Pension Plan Investment Board (CPPIB), who came in with an eleventh hour offer to purchase the [...]
Donald fails to trump Hillary as Clinton storms ahead in betting polls with chances that have “never looked stronger” October 10, 2016 Some commentators have chalked up the second US presidential election debate as a win for Republican hopeful Donald Trump. But Clinton's chances have "never looked stronger", according to betting experts Smartbets – and other bookies agree. At the town hall-style debate last night, Democratic nominee Hillary Clinton and Trump came to blows over taxes, Clinton's email saga [...]
Heathrow vs. Gatwick expansion: Airports decision still stuck on the tarmac October 10, 2016 The question of where to build a new runway in the south east is an issue that has been stuck in the hangar for years. The current choice, between Heathrow or Gatwick, is just the latest instalment in a long-running capacity saga. Since 1963, no fewer than 12 policy documents, commissions or white papers have been produced [...]
US Presidential Election 2016: Donald Trump vows to jail Hillary Clinton over email saga during presidential debate if he wins White House race October 10, 2016 A defiant Donald Trump has vowed to jail Hillary Clinton for operating a private email server while serving as US secretary of state if he is elected president. During the latest presidential debate last night the Republican leadership candidate said he would appoint a special prosecutor to look into his Democratic rival's email use because she had endangered [...]
Goldman and Canada Pension Plan sweep in with new offer for SVG Capital October 5, 2016 SVG Capital (SVG) has received a fresh offer this afternoon from a group of investment funds that include Goldman Sachs and Canada Pension Plan Investment Board for all of its assets. In a fresh twist to the ongoing saga that has seen SVG subject to a hostile takeover approach from US private equity fund HabourVest, an [...]