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Influential British fund manager Terry Smith attacked Unilever's failed 50 billion pound ($68.2 billion) bid for GSK's Consumer Health assets as a "near death experience" and urged Unilever management to focus on strengthening performance. In a letter to investors of his Fundsmith vehicle, now the 13th biggest Unilever shareholder, Smith criticized Unilever for failing to openly communicate the benefits of the deal and its "penchant for corporate gobbledegook as substitute for effective action."
Most will end up paying an extra £3.50 a month – or £42 annually – on average for phone and broadband bills.
Tigo Business - Courtesy picture Tigo Business - Courtesy picture Tigo Business announces its Cloud Center of Excellence (CCoE) in collaboration with Microsoft to accelerate cloud adoption With a trained team of expert engineers with more than 1,200 Cloud and Cybersecurity certifications, the Cloud Center of Excellence will provide support and advice in the development of solutions based on the Microsoft Azure cloud and will guide Guatemalan companies towards a model digital acceleration. Luxemb
A Paris court on Thursday ruled that Twitter must reveal its measures for fighting hate speech, in one of several cases thrashing out whether the French justice system has jurisdiction over the US social media giant.
LONDON (Reuters) -Associated British Foods said on Thursday the lifting of COVID-19 restrictions in England had boosted prospects for its Primark clothing business after December sales were dented by the rapid spread of the Omicron coronavirus variant. The group said Omicron had interrupted an improving trend in Primark's customer numbers but it was now seeing a recovery in UK and Ireland footfall. "In the UK and Ireland I think we're looking at an improving consumer outlook," John Bason, AB Foods' finance chief, told Reuters, pointing to falling COVID-19 infection rates and the end of restrictions in England.
WASHINGTON (Reuters) -The United States and Britain on Wednesday agreed to start talks aimed at resolving their trade dispute over U.S. steel and aluminum tariffs, the countries said in a joint statement. No specific date or timeline was given for the talks but discussions will address "global steel and aluminum excess capacity, including the United States' application of tariffs" on the metals from Britain. "Both parties are committed to working towards an expeditious outcome that ensures the viability of steel and aluminum industries in both markets," the joint statement https://www.commerce.gov/news/press-releases/2022/01/joint-united-states-united-kingdom-statement-addressing-global-steel said.
The food delivery giant's share price rose 2.4% as it reported as 36% rise in gross value of Q4 orders.
A years-long saga over tech firms transferring data from Europe to the US re-erupted on Thursday, days after Austrian officials slapped down Google for failing to respect EU privacy rules.
Shares of Tesco are up by double-digits in the last 12 months, but can this momentum continue throughout 2022? Zaven Boyrazian investigates. The post What could happen to Tesco shares in 2022? appeared first on The Motley Fool UK.
UK inflation rises to highest level in almost 30 years at 5.4%. Cost of living crisis worsens, piling pressure on Bank of England to raise interest rates again
Fierce competition between banks is driving down mortgage interest rates, says the Financial Conduct Authority.
Euro zone consumer prices jumped at a record high pace in December, the EU's statistics agency confirmed on Thursday, boosted by a surge in energy prices and supply chain bottlenecks as the economy recovers from pandemic lockdowns. The European Union's statistics office Eurostat said consumer prices in the 19 countries sharing the euro rose 0.4% month-on-moth in December for a 5.0% year-on-year jump, the same as the initial estimate published on Jan 7. Without the volatile energy and food prices, or what the European Central Bank calls core inflation, prices went up 0.4% month-on-month and 2.7% year-on-year.
It comes after fierce criticism from fund manager Terry Smith and a negative reaction from investors to efforts to buy GSK’s consumer arm.
European stock markets mainly fell Thursday with sentiment jarred by sliding shares on Wall Street, which was rocked by surging global inflation and the prospect of rising interest rates.
Burberry’s shares have managed a gain of just 1% over the last year, as compared to a hike of almost 13% for the wider FTSE100.
European Commission President Ursula von der Leyen said earlier this month she would try to unblock legislation for a quota of women on EU company boards, which has been stuck since 2012. The proposal calls for listed companies in the bloc to fill at least 40% of non-executive board seats with women. Female representation at board level rose by one percentage point to 35% in 2021 after a similar rise a year earlier, according to the study by Brussels-based association European Women on Boards (EWOB), which analysed 668 top European listed companies, included in the STOXX 600 index and national benchmarks.
Find out if your home is in one of the UK's most affordable or expensive boroughs
Clive Watson, chief executive of the pub group, told the PA news agency that it has been ‘coming through the worst of it’ in recent weeks.
Facebook’s second life: the unstoppable rise of the tech company in Africa. Western users may be logging off, but across the continent of Africa, the social media company is indispensable for everything from running a business to sourcing vaccines. How has it become so inescapable?
Electric vehicle (EV) battery startup Britishvolt has secured UK government backing for a battery plant in northern England, enabling 1.7 billion pounds ($2.31 billion) in private funding and boosting national efforts to build zero-emission cars. Logistics real estate investor Tritax and investment firm abrdn plc will provide the private funding for a 30 gigawatt-hour (GWh) plant in Blyth, Britishvolt said on Friday. The government will deliver its finances through its Automotive Transformation Fund.