AstraZeneca boss brands £9m pay packet “annoying” when compared to peers September 23, 2018 The chief executive of pharmaceutical giant AstraZeneca said he finds it “annoying” he is not paid as much as his peers. Pascal Soriot, who was paid £9.4m in 2017 down from the £14.3m he received the previous year, said he was annoyed at not being paid less than other chief executives, he told the Sunday [...]
Shareholders urged to revolt against Joules founder September 23, 2018 The founder of eponymous London-listed fashion brand Joules is set to face a fresh challenge at the company’s annual general meeting on Thursday, over a board proposal that could increase his own stake in the retailer. Independent shareholder advisory firm ISS encouraged investors in a report ahead of the meeting to vote against the board's [...]
Barclay brothers’ Ritz Hotel Casino swings to £11.7m loss from customer wins in 2017 September 23, 2018 The Barclay brothers' Ritz Hotel Casino reported an £11.7m loss last year after a strong performance the previous year, in which it made a pre-tax profit of £8.9m. The Ritz Hotel Casino, which is owned by the owners of the Daily Telegraph, David and Frederick Barclay, is based in St James's and has been visited [...]
PPI scandal turning ‘portions of Britain into fraudsters’, Barclays boss claims September 23, 2018 The PPI scandal has turned “portions of Britain” into fraudsters, Barclays chairman John McFarlane has claimed. McFarlane, said it was “inconceivable” that all the payment protection insurance mis-selling claims that had helped fuel a “flat-screen television” buying spree were genuine. He also accused the government of being complicit in the weakening of the banks by [...]
Is it time tennis allowed on-court coaching? September 23, 2018 Serena Williams’s now-infamous exchange with umpire Carlos Ramos during her US Open final defeat to Naomi Osaka earlier this month provoked extensive debate across the media landscape about sexism, gender roles and perceived double standards in sports officiating. It also revived debate over the issue of in-game coaching. Williams was penalised for three code [...]
Numis founder Oliver Hemsley seals £20m deal to take control of Nex Exchange September 23, 2018 Numis founder Oliver Hemsley has secured a £20m deal to take control of stock exchange challenger Nex Exchange. Hemsley will invest £10.5m in the business for a 55 per cent stake, with a view to eventually take full control and transform it into a credible rival to London's Alternative Investment Market (AIM). Read more: Competition watchdog launches inquiry into CME [...]
British Steel owner Greybull buys majority stake in phone recycling company Redeem September 23, 2018 Investment group Greybull Capital has bought the majority stake in mobile phone recycling company Redeem. The business works with partners such as 3, Vodafone and Sky Mobile and the undisclosed amount of funding from British Steel owner Greybull will allow Redeem to renew a contract with O2 and implement its growth strategy. Read more: Millions paying [...]
Saudi Arabia and Russia defy Trump’s calls for oil production boost September 23, 2018 Saudi Arabia and Russia have defied Donald Trump's calls for an immediate production boost to reduce oil prices. The Organization of the Petroleum Exporting Countries (Opec) and non-Opec oil producers met on Sunday to discuss oil production quotas in the wake of US sanctions on Iran. Opec's leader Saudi Arabia has moved to calm fears [...]
New homes: Our pick of the new homes going on sale in London this weekend September 21, 2018 New developments on the market this week Sovereign Court, Hammersmith From £699,950 Two three bedroom penthouses are on sale from tomorrow in this well-connected part of west London. The latest collection of homes to go on the market as part of this scheme are in Hendley and Matcham House, a 10 storey building that also [...]
The Little Stranger review: A spooky drama that has more interesting things to say about poverty than poltergeists September 21, 2018 The opening shot of The Little Stranger is an absolute nail-biter: Dr Faraday, played by a stiff-lipped Domhnall Gleeson, is shaving in thrilling close up. Will he cut himself? He’s in a big gloomy room in front of an antique mirror, so he probably should cut himself, if only to blend in with the spooky [...]