Tag Archives: thisismoney

With a career in the Royal Navy and the Ministry of Defence, Peter Reynolds and his wife Karen were used to moving house. While Peter hails from Scotland, the couple lived in Portsmouth and Eastleigh with postings to Hong Kong and Gibraltar. And when it came to retiring, they knew …

By Emily Hawkins Updated: 04:51 EDT, 30 June 2024 Stylish: Pop star Anitta in an advert for Shein Shein plans to turn Turkey into a big supplier of its fast-fashion clothes in Europe in a move it hopes will reduce criticism of its use of Chinese labour. It comes as …

By Francesca Washtell Updated: 16:50 EDT, 29 June 2024 Raising a glass: Carlsberg’s adverts have included the Danish actor Mads Mikkelsen A major investor in Britvic has called on Carlsberg to sweeten its takeover offer for the group. Aviva, which is a top ten shareholder in Britvic, the maker of Robinsons …

By Emily Hawkins Updated: 16:50 EDT, 28 June 2024 Asda bosses insisted they are building a ‘bigger and better’ supermarket as they published figures showing it is back in the black despite haemorrhaging market share. Once Britain’s second biggest supermarket, it has struggled since its £6.8billion private equity takeover three …

By Alex Brummer Updated: 16:50 EDT, 29 June 2024 Patriotic: Sir Peter Wood has always willingly paid UK taxes on his self-made wealth Sir Peter Wood, one of Britain’s most successful entrepreneurs, is unhappy. He is speaking from his Palm Beach villa, a short distance from Donald Trump’s Mar-a-Lago, where …

Five successive chief executives shared a total of £15.2m  This number will swell to as much as £22.6m by time takeover is completed  Critics said public would be ‘outraged’ by huge sums given poor level of service  By Jessica Clark Updated: 16:55 EDT, 28 June 2024 The bumper pay handed …

By Alex Brummer for the Daily Mail Updated: 17:02 EDT, 27 June 2024 There are many reasons for opposing the ‘Czech Sphinx’ bid for International Distributions Services (IDS), the owner of the Royal Mail. These include the public interest, fragile knowledge of the would-be buyers Daniel Kretinsky and partners, workforce …

The business of government stops during general election campaigns, with Whitehall and quangos going into purdah.  This has provided City bankers and advisers with an opportunity to press ahead with bids and deals under the radar. There is no more important transaction at present than the proposed takeover of International …

By Jessica Clark Updated: 17:00 EDT, 26 June 2024 The boss of Royal Mail’s owner could rake in more than £5million from the sale of the postal service to the ‘Czech Sphinx’. Martin Seidenberg, the chief executive of International Distribution Services (IDS), will get a payout due to his shareholding …

By Jon Hopkins Updated: 03:30 EDT, 22 June 2024 The sun has finally come out for the FTSE 100 after a dismal start to the summer. Britain’s blue-chip share index logged a weekly gain yesterday – its first in six weeks. Investors have been encouraged in recent days by news …