Royal London joins group of investors preparing to vote against Unilever Netherlands move October 3, 2018 Royal London Asset Management is the latest Unilever shareholder to speak out against the company's plan to scrap its London listing and headquarters. Unilever has proposed to simplify its current dual-headed structure into a single holding Dutch company, with a secondary listing on the London Stock Exchange, however a growing list of investors have announced [...]
Rob Horne: Former Northampton Saints centre on life after his career-ending injury and “bittersweet” testimonial against Leicester Tigers October 3, 2018 Five and a half months ago Rob Horne was leading his side, Northampton Saints, out to face rivals Leicester Tigers at Welford Road. With three games left of a poor season for Saints, Horne had been newly-elected captain. The trip to Leicester, it was hoped, would mark a fresh start. The side, in Horne’s words, [...]
Brewdog raises £23m in latest crowdfunding round, falling short of its upper £50m target October 3, 2018 Brewdog will finish its fifth fundraiser having smashed its initial target, but fallen short of the company’s £50m upper limit. The crowdfunding round will close on 15 October having so far raised £23m, breaking the company’s previous record £19m fundraiser in 2016. Read more: Brewdog temporarily takes down parody porn site after backlash The brewery had [...]
Epiris raises £821m for first fund and targets UK-based businesses October 3, 2018 Private equity firm Epiris has closed its first fund, raising £821m, and said it wanted to add to its acquisitions of auction house Bonhams and Time Inc's UK operations. The London-based group said the fund's strategy was to target UK-headquartered businesses with an enterprise value of between £75m and £500m – deploying up to £150m [...]
Here’s how business groups have reacted to Theresa May’s conference speech October 3, 2018 Prime Minister Theresa May used her conference speech today to attack Labour’s plans on the economy and slap down her Conservative party rivals – saying austerity was “over” and promising to fix the “broken” housing market. Business groups have been keenly awaiting May’s speech, as she fights off rebellions from her own MPs and attempts [...]
Telcos shell out €6.5bn in Italian 5G spectrum auction October 3, 2018 The Italian government has raised €6.5bn after it flogged off 5G of the spectrum at auction. The 14 day auction for the superfast spectrum saw four major networks, including Vodafone, battle it out for a slice of the spectrum. Proceeds from the auction added up to double of what had originally been anticipated, and will be [...]
Putin calls Novichok attack victim Skripal a ‘scumbag’ October 3, 2018 President Vladmir Putin has labelled ex-spy Sergei Skripal, who nearly died after being poisoned with Novichok in an international incident earlier this year, a “scumbag” and traitor. “Imagine: suddenly someone goes and betrays your country. What do you think about him? Anyone here from any country? He’s just a scumbag, and that’s it,” Putin said [...]
Comcast raises money for Sky purchase with $27bn bond sale October 3, 2018 US media giant Comcast has carried out one of the biggest bond sales in corporate history, borrowing $27bn to fund its acquisition of Sky. The bond sale is the second largest of the year and fourth largest in corporate history. Read more: Sky share price flies after Comcast’s £30bn takeover offer The company sold unsecured bonds [...]
Tory mayoral candidate Shaun Bailey slammed for ‘disappointing’ comments on multiculturalism October 3, 2018 A 2005 pamphlet written by the Tory pick for London mayor Shaun Bailey has emerged in which he said multiculturalism "robs Britain of its community". In the pamphlet, written for the Centre for Policy Studies (CPS) thinktank, Bailey argues that accommodating Muslims and Hindus would turn Britain into a "crime-riddled cess pool". Bailey, who grew up in a [...]
Mystery banker’s wife loses anti-corruption order appeal in victory for National Crime Agency October 3, 2018 The high-rolling wife of an anonymous banker has been defeated in her push to overturn efforts by the National Crime Agency (NCA) to make her reveal how she was able to afford properties in Britain worth £22m. A High Court judge overturned an attempt by the woman, identified as Mrs A, to block the NCA’s [...]