Kipper Williams on the Brussels farmers' protest
Demonstrators clash with police during milk and meat price protest Continue reading… Source: The Guardian Circular Economy RSS
Chinese stock markets dive after record $94bn fall in central bank reserves
Markets resume rollercoaster ride on news that authorities more than doubled the funds it used to support the yuan during August to $93.9bn Chinese stock markets tumbled again on Monday as it emerged that the Beijing authorities spent nearly $100bn last month propping up the yuan. The $94bn (£61bn) fall in central bank reserves was […]
Sainsbury's and L&G head campaign to simplify boardroom pay
The two chairmen will sit on a panel set up by the Investment Association with the aim of stopping damage created by complex pay structures The chairman of Sainsbury’s and the boss of the insurer Legal & General are to lead a campaign to simplify boardroom pay. David Tyler, chair of the supermarket group, and […]
Sports Direct's board under pressure as City investors lose faith
Royal London Asset Management will vote against re-election of retailer’s executive deputy chairman Mike Ashley and its non-executive directors A City investment firm is to vote against the re-election of Sports Direct’s non-executive directors and executive deputy chairman, Mike Ashley, at the retailer’s annual shareholder meeting on Wednesday. Ashley Hamilton Claxton, corporate governance manager at […]
British cherry harvest hits 30-year high
Smaller trees whose fruit is easier to pick, grown in polytunnels with a consistent Mediterranean-style climate are the secret British cherry farmers are poised to celebrate their biggest annual harvest for more than 30 years after improved growing methods boosted quality and extended the season. Related: Why fruit and vegetables have become their own brand […]
Glencore's former Rich boy rues multibillion-pound loss
Ivan Glasenberg’s current troubles at the mining and commodity trader contrast with how smoothly he climbed the ladder before flotation If shareholders ever complain about the pain they have endured holding Glencore shares since the group’s 2011 flotation, chief executive Ivan Glasenberg has a reply to shut them up: he has suffered far more. The […]
Glencore CEO to shell out $210m during restructuring drive
Commodities trading firm hit by both falling Chinese demand and prices to buy back shares and reduce debt Ivan Glasenberg, the billionaire chief executive of Glencore, is to put up some $210m (£140m) of his own cash as part of a humiliating $10bn programme of fundraising and cuts designed to prepare the company for a […]
Business live: Chinese stock market falls 2.5% despite claim the worst is 'almost over'
Rolling coverage of the latest events across the world economy and the financial markets Record fall in Chinese FX reserves Shanghai stocks drop again Introduction: PBOC governor “The worst is almost over” Eurozone investors gloomier Glencore to cut debt by $10bn 5.28pm BST With two weeks left before snap elections in Greece, parties have submitted […]
Tesco to reduce net debt by as much as £3.35bn after Homeplus sale
Moody’s says sale of Korean business is step in right direction but is not enough for credit rating agency to upgrade retailer from junk status Tesco is to pay off some of its multibillion-pound debts and could buy back the leases on some stores after securing £4bn from the sale of its Korean business, Homeplus. […]
Government delays revealing identities of RBS share buyers
UKFI has asked for 20 working days to decide if public interest in disclosure outweighs public interest in withholding the information The government is continuing to refuse to reveal the identities of the hedge funds and institutional investors to which it sold shares in Royal Bank of Scotland last month. Continue reading… Source: The Guardian […]