Morrison’s shares closed at 228p on Monday, just below the 230p-a-share proposed by Clayton Dubilier & Rice. Morrisons’ share price has surged 28 per cent after a US private equity firm CD&R made an offer to buy the Uk’s fourth largest supermarket group which has 500 stores and employs 118, 000 people, for £5.5 bn.…
Seventy one per cent of Americans believe the economy is rigged in favour of the rich starting with tax code. Former BlackRock executive Morris Pearl, the millionaire chair of the Patriotic Millionaires and Erica Payne, the organization’s founder, reveals and engaging and enlightening insider’s tour of th nations tax code, explaining how “the rich” manipulate…
Neil Woodford dubbed by BBC as Britain’s own Warren Buffett, and “the man who can’t stop making money”, whose funds are built on a lie, which is that you can have daily liquidity for assets that are fundamentally not liquid, leading to an expectation of individuals that it’s not that different to having money…
“Coronavirus has caused the largest and most sustained economic shocks in this country has ever faced,” Sunak said Furlough scheme extended until the end of September along with VAT cut for hardest-hit sectors to boost the hospitality and tourism industries over the summer. The government will maintain its support for the self-employed, with grants handed…
Capital & Counties Properties ( LON: CAPC), the owner of Covent Garden estate reduced by 27 per cent in 2020 on a like-for-like basis, and has taken a hit of £400m on the value of London shopping and entertainment site, as the independent property valuation had fallen to £1.8bn as of the end of 2020,…
Clyde Prestowitz who worked for President Ronald Regan, and renowned globalisation and Asian expert has advised subsequent US administrations offers useful advice for Joe Biden the new American 46th president to adopt, as resetting US relations with China will be one of his top agenda. The strategies that the United States and its allies can…
The UK Lockdown could hit the borrowing balloon for the 2020/2021 financial year past £450 billion and predicts the latest coronavirus restrictions could cost the country £400 million every working day. Chancellor Rishi Sunak announced a new £4.6 billion plan to help businesses through a new lockdown, including one-off top-up grants up to £9,…
The UK government continued to support the economy during the pandemic by borrowing soared in November hitting £31.6bn the highest level on record according to the office for National Statistics and the third-highest figure in any month since records began in 1993. The Independent Office for Budget Responsibility has estimated that the amount of borrowing…
The English Heritage unveiled blue plaque on the wall of Schomberg House on Pall Mall, London to commemorate the residence of Quobna Ottonah Cugoano, the author and campaigner in 1787 wrote one of the first exposes by an African of slave trading, criticising continued tolerance of horrors of the slave trade by the British Government…
The Furlough scheme will be extended until the end of March 2021, Chancellor Rishi Sunak has announced. The scheme in which employees receive four-fifths of their current salary up to maximum of £2, 500 of hours not worked was originally scheduled to end last month, but was extended when Prime Minister Boris Johnson announced a…