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  • Tuesday newspaper round-up: BHP activist, BT, Energean, Carillion

    Tuesday 20 Feb 2018

    (ShareCast News) - Two more shareholders in BHP Billiton have put pressure on the board of the FTSE 100 mining giant by urging it to consider dropping its dual listing, which Elliott Advisors, an activist investor, says is "obsolete and value destroying". Baring Asset Management and Plato Investment Management, which control shares worth about $280 million, have asked BHP to set out why it believes the time is not right to consider simplifying its structure. - The Times

  • Monday newspaper round-up: House prices, Arcadia, Carillion, Brexit

    Monday 19 Feb 2018

    (ShareCast News) - The average price of a UK property coming on to the market has risen by more than £2,400 in a month to just over £300,000 amid evidence of "record" levels of house-hunting activity, according to Rightmove. The website, which tracks 90% of the UK property market, said the national average asking price for a home had increased by 0.8% during the past month, following the 0.7% rise it reported in mid-January. - Guardian

  • Sunday newspaper round-up: Arcadia Group, Carillion, British Steel, New Look, Hammerson

    Sunday 18 Feb 2018

    (ShareCast News) - Sir Philip Green is planning to sell all or part of his Arcadia Group empire, a move that would bring down the curtain on a controversial 50-year high street career. The 65-year-old billionaire owner of Topshop is believed to be in talks with Shandong Ruyi, a Chinese textiles giant that has been rapidly expanding into European fashion. - The Sunday Times

  • Friday newspaper round-up: Tesco, homes, Brexit, internet tax

    Friday 16 Feb 2018

    (ShareCast News) - One of the City's most influential shareholder advisory groups has told investors in Booker Group to vote against a proposed £3.7 billion sale of the cash-and-carry business to Tesco. With just two weeks before a shareholder vote on the takeover, Institutional Shareholder Services (ISS) said that the recent uplift in Booker's share price meant that Tesco "appears to be getting the better deal under the current terms". - The Times

  • Thursday newspaper round-up: Wages, sterling, Sky, food warning, Booker

    Thursday 15 Feb 2018

    (ShareCast News) - Britain is set for a pay rise as the world economy lifts growth and falling migration makes it harder for companies to find cheap foreign labour. A report by the regional agents of the Bank of England suggests firms expect to give the average worker a 3.1 per cent pay rise in 2018, compared to 2.6 per cent last year, amid the strongest growth for a decade. - Daily Mail

  • Wednesday newspaper round-up: RBS, Zuma, Putin

    Wednesday 14 Feb 2018

    (ShareCast News) - MPs are planning to make an unprecedented use of their parliamentary powers to publish a report into the mistreatment of thousands of small and medium-sized companies by Royal Bank of Scotland. Nicky Morgan has asked the Treasury select committee, which she chairs, to support the release of the confidential document, having used parliamentary privilege to obtain it from the Financial Conduct Authority. - The Times

  • Tuesday newspaper round-up: Carillion, Trump, RBS, algos

    Tuesday 13 Feb 2018

    (ShareCast News) - MPs have accused the "big four" accountancy firms of "feasting on what was soon to become a carcass" as it emerged they banked £72m for work linked to collapsed government contractor Carillion in the years leading up to its financial failure. Less than a fortnight before Carillion's auditor KPMG is due to face questions from MPs on two select committees, the accountant and rivals Deloitte, EY and PricewaterhouseCoopers (PwC) submitted evidence to the inquiry. - Guardian

  • Monday newspaper round-up: Aldi, Warren Evans, Tesco, Lloyds

    Monday 12 Feb 2018

    (ShareCast News) - Discount grocer Aldi has taken over from upmarket rival Waitrose as Britain's favourite supermarket according to an influential shopper survey. The fast-growing German discounter has impressed shoppers with the quality of its fresh and own-label food as well as its special offers, according to the annual best and worst supermarket satisfaction survey by Which?. - Guardian

  • Sunday newspaper round-up: Tesco, fracking, RBS, GKN, Persimmon

    Sunday 11 Feb 2018

    (ShareCast News) - Tesco is working on a secret plan for a new discount grocery chain to take on Aldi and Lidl, senior industry insiders have told The Sunday Times. Britain's biggest supermarket is understood to be developing a separate brand that would match the German insurgents on price, and offer a far more limited range of products than the average Tesco store. - The Sunday Times

  • Friday newspaper round-up: Premier League, Talktalk, Carillion challenge, Brexit

    Friday 09 Feb 2018

    (ShareCast News) - Facebook, Google and Netflix are not submitting bids for the next round of Premier League TV rights, with most analysts believing Sky and BT will remain the major players. It had been thought the Silicon Valley tech giants could intervene and cause a price hike from the £5.1bn Sky and BT combined paid in 2015 but the Guardian understands they are not yet ready to get involved in live sport rights in the UK. - Guardian

  • Thursday newspaper round-up: Brexit, Tesla, energy cap, RBS

    Thursday 08 Feb 2018

    (ShareCast News) - The boss of Britain's biggest pharmaceutical company, GlaxoSmithKline, has urged the government to sign a two-year transition deal by April to ensure the industry can cope with the impact of Brexit. Emma Walmsley, GSK's chief executive, said the tight deadline was key to giving businesses the clarity needed to invest. "The most important thing is that we get a transition period of at least two years, starting from March 2019, but ... secured by April 2018, and we need to make sure that the negotiations that are ongoing are very clearly focused on patient safety and the continued supply of medicines to patients." - Guardian

  • Wednesday newspaper round-up: Tesco, UK growth, Boeing, Carillion

    Wednesday 07 Feb 2018

    (ShareCast News) - Tesco is facing a demand for up to £4bn in back pay from thousands of mainly female shopworkers in what could become the UK's largest ever equal pay claim. A law firm has launched legal action on behalf of nearly 100 shop assistants who say they earn as much as £3 an hour less than male warehouse workers in similar roles. Up to 200,000 shopfloor staff could be affected by the claim, which could cost Tesco up to £20,000 per worker in back pay over at least six years. - Guardian

  • Tuesday newspaper round-up: Retailers, Brexit, Carillion, London property prices

    Tuesday 06 Feb 2018

    (ShareCast News) - Britain's retailers battled through "tough" trading conditions in January as consumers preserved their cash for essential food shopping and shunned big ticket purchases. Non-food sales declined by 1.2% in the three months to the end of January with furniture sellers, shoe shops and high street clothing retailers recording their worst performance since 2009, according to British Retail Consortium (BRC) and KPMG data. - Guardian

  • Monday newspaper round-up: BoE rates, Brexit compromise, bitcoin, Heathrow

    Monday 05 Feb 2018

    (ShareCast News) - The Bank of England is expected to raise interest rates twice this year after a surprisingly strong showing from the economy at the end of last year and a brightening outlook in 2018, leading economists say. Although the Bank's rate-setting monetary policy committee seems almost certain to keep its rate at 0.5 per cent when it meets on Thursday, it is widely expected to display a hawkish shift in outlook by leaving the door open to a rise in May. Many economists expect a further rise in November. - The Times

  • Friday newspaper round-up: Bitcoin, Apple, Woodford, Chappell

    Friday 02 Feb 2018

    (ShareCast News) - The UK's food regulators are launching nationwide review of all meat cutting plants in the wake of "serious incidents" at 2 Sisters Food Group and Russell Hume. The announcement comes days after the Food Standards Agency was criticised by a committee of MPs for failing to take "definite action" to improve food standards following a Guardian and ITV undercover investigation last year. - Guardian

  • Thursday newspaper round-up: Facebook, Capita, Amazon

    Thursday 01 Feb 2018

    (ShareCast News) - Facebook's profits soared 61%, spurred by growth in mobile users at the end of last year, the company announced on Wednesday, as co-founder Mark Zuckerbergsaid 2017 had been one of the company's more difficult years as a public company. Zuckerberg has vowed to fix the issues at the social network, including concerns it was used as a platform for Russian meddling in the US elections. Facebook was also criticised over censorship and the addictive qualities of social media. - Guardian

  • Wednesday newspaper round-up: Car production, RBS, Bitcoin, Carillion,

    Wednesday 31 Jan 2018

    (ShareCast News) - UK car production went into reverse last year for the first time since the depths of financial crisis in 2009, as Brexit fears took hold and consumers turned their backs on diesel vehicles. A total of 1.67m cars rolled off UK production lines in 2017, down 3% compared with 2016 as demand for British-made cars dropped both at home and abroad, according to the Society of Motor Manufacturers and Traders (SMMT). - Guardian

  • Tuesday newspaper round-up: Brexit, Thomson Reuters, Waterstones, stock markets

    Tuesday 30 Jan 2018

    (ShareCast News) - Brexit would leave the UK worse off under three possible scenarios: a comprehensive free trade deal, single market access and no deal at all, according to a leaked government analysis of the economic impact of leaving the EU. The document was meant to be shown confidentially to cabinet ministers this week but was leaked in an embarrassing development for Theresa May and David Davis, the Brexit secretary. - Guardian

  • Monday newspaper round-up: Carillion, economic growth, business rates, Provident Financial

    Monday 29 Jan 2018

    (ShareCast News) - MPs have accused the Pensions Regulator of failing to act while Carillion racked up debts to pay dividends and executive bonuses, as the business built up a pension deficit that reached nearly £1bn by the time it collapsed this month. The House of Commons work and pensions committee, which is investigating Carillion's collapse into compulsory liquidation two weeks ago, criticised the Pensions Regulator for allowing Carillion's pension trustee to defer pension deficit contributions in September in a bid to keep it afloat by enabling more borrowing. - Guardian

  • Sunday newspaper round-up: Rate hike, Brexit, profit warnings, buybacks, Sky

    Sunday 28 Jan 2018

    (ShareCast News) - Stronger than expected growth numbers have fuelled expectations that another rise in interest rates is on the way, with City traders now seeing a May rise from the Bank of England as an even-money bet. The economy expanded by 0.5% in the final quarter of 2017, according to official figures last week, faster than economists had forecast. - Sunday Times

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