FTSE firms ‘cannibalising’ accounts to boost shareholder dividends

Report warns Britain faces repeat of Carillion collapse because big companies ‘cannibalise’ balance sheets to boost dividends to shareholders By Adam Luck, Financial Mail On Sunday Published: 16:50 EDT, 24 July 2021 | Updated: 17:23 EDT, 24 July 2021 Britain faces a repeat of the Carillion collapse because big companies have ‘cannibalised’ their balance sheets … Read more

Elliott pumps another £20m into British start-up bank Chetwood

Activist investor Elliott pumps another £20m into British start-up bank Chetwood By Emma Dunkley, Financial Mail On Sunday Published: 16:50 EDT, 24 July 2021 | Updated: 17:23 EDT, 24 July 2021 Activist investor Elliott has pumped another £20million into British start-up bank Chetwood.  The latest investment from the New York-based hedge fund takes its stake … Read more

GSK boss Emma Walmsley steels for survival fight with Elliott

Embattled GlaxoSmithKline boss Emma Walmsley expected to reinforce her defences against Elliott when pharma giant posts improving revenues By Alex Lawson, Financial Mail On Sunday Published: 16:50 EDT, 24 July 2021 | Updated: 17:22 EDT, 24 July 2021 Embattled GlaxoSmithKline chief Emma Walmsley is expected to reinforce her defences against corporate raider Elliott this week … Read more

Royal Mail to put best bosses in worst sites

Royal Mail asks most successful managers to help improve its worst performing delivery offices By Alex Lawson, Financial Mail On Sunday Published: 16:50 EDT, 24 July 2021 | Updated: 17:22 EDT, 24 July 2021 Royal Mail has asked its most successful managers to help improve its worst performing delivery offices.  Chief executive Simon Thompson has … Read more

Sport Direct tycoon Mike Ashley gives daughter’s beauty firm a leg-up

Sports Direct tycoon Mike Ashley pledges financial support for daughter’s cosmetics company following its fifth consecutive year of losses By Neil Craven, Financial Mail on Sunday Published: 16:51 EDT, 24 July 2021 | Updated: 17:20 EDT, 24 July 2021 Sports Direct tycoon Mike Ashley has pledged financial support for his daughter’s cosmetics company following its … Read more

Oil traders at Vitol share record bonus of £2.1bn, boosted by market volatility

Oil traders at Vitol share record bonus of £2.1bn, boosted by market volatility during coronavirus pandemic By Daily Mail City & Finance Reporter Published: 16:51 EDT, 23 July 2021 | Updated: 16:51 EDT, 23 July 2021 Oil traders at Vitol have shared a record bonus of £2.1billion, boosted by market volatility during the coronavirus pandemic.  … Read more