Chinese firm HNA takes 25 per cent stake in Hilton Hotels October 24, 2016 Chinese conglomerate HNA Group have announced it will buy 25 per cent of Hilton Worldwide Holdings Inc from Blackstone Group L.P for $6.5billion dollars. The latest move by a Chinese company into Western assets will see HNA pay $26.25 per share in cash for the stake, 15 per cent above Hilton's closing stock price on [...]
The weirdest things and most unlikely people Donald Trump has insulted on Twitter October 24, 2016 Today the New York Times took two WHOLE pages to print 281 people, places and things Donald Trump has insulted on Twitter. The full list is quite something. As the race enters its final few weeks, many have suggested that the polls are closer than they seem. If true, that means there are sure to [...]
Fitch puts British American Tobacco on rating watch negative after buyout offer of Reynolds American October 24, 2016 Ratings agency Fitch has put British American Tobacco (BAT) on a rating watch negative after it offered to buy out Reynolds American. It warned that the debt required for funding the deal would mean it could not keep its current A credit rating. A similar announcement was made by fellow agency Moody's on Friday, who [...]
Treasury names Katharine Braddick as replacement for Charles Roxburgh as financial services head October 24, 2016 Katharine Braddick has been appointed as the new director general for financial services, the Treasury has announced. She replaces Charles Roxburgh, who was appointed as the second permanent secretary to the Treasury in June. Braddick, who was formerly the director for international and EU financial services, joined the department from the Bank of England in 2014. Read [...]
Here are some of the NHS treatments you could get prescribed that don’t help October 24, 2016 Doctors have drawn up a list of treatments they say bring little or no benefit to the patient and should no longer be used. The Academy of Medical Royal Colleges – which represents all 21 medical royal colleges in the UK – says doctors are giving patients too many tests and drugs that they don’t need. [...]
French Connection shares spike after weekend takeover rumours October 24, 2016 Ooh la-la. Shares in French Connection have jumped by 16 per cent this morning after rumours of a takeover bid emerged over the weekend. The struggling clothing retailer, which has made losses for five years in a row, is believed to be being eyed up by UK and US investors. Today it opened 7.5 points up at 39.5p [...]
Clinton supporters reclaim Trump’s “nasty woman” insult October 20, 2016 At the end of last night's presidential debate between Donald Trump and Hillary Clinton, the moderator asked the candidates whether they would consider increasing taxes and cutting benefits. Clinton said she wanted to put more money into the Social Security Trust fund and would raise taxes for the wealthy, which would include her, to pay for it. She [...]
Parcel delivery giant Hermes face HMRC inquiry after low-pay allegations October 20, 2016 Courier giant Hermes has been referred to HMRC following complaints that they are paying staff less than the national living wage. Employees at the firm, who deliver for John Lewis and Next, were taking home less than the national living wage once petrol costs were taken out, a recent investigation found. Hermes workers also said they received no holidays or [...]
David Davis warns against using Brexit to disrupt “fragile” European markets October 20, 2016 David Davis, the Brexit secretary, has warned against using the departure from the EU to disrupt Canada, for fears it could have a knock-on impact on "fragile" European markets. Speaking in the House of Commons this morning, Davis said it was "not going to be in the interests of either side, either Britain [...]
Hilary Benn calls for transitional arrangements for the financial services sector after Brexit October 20, 2016 Hilary Benn has said that he will press the government for a plan to ensure that the UK still has access to the single market for the financial services sector. The new chair of the Brexit select committee in parliament, which will scrutinise the government’s approach to leaving the EU, has said he wants the [...]
