The Labour party has pledged to overhaul the public appointments system after one of the government-appointed commissioners who sets the UK minimum wage joined the board of G4S, the security company facing allegations of systematic violations of migrant workers’ human rights. Clare Chapman has served since March 2015 as one of nine commissioners on the government’s Low Pay Commission tasked with setting the national living wage, the legal minimum hourly rate. She was appointed as a G4S director in September.
In his ‘Inside the City’ column for the Sunday Times, John Collingridge wrote about engineering giant Renishaw, starting with its humble beginnings in Sir David McMurtry’s garage in the 1970s, where he invented a tool to measure fuel pipes in the Concorde’s jet engines, while working at Rolls-Royce.
Boris Johnson has announced another election package costing hundreds of millions of pounds for neglected towns, some of which will be spent in marginal constituencies. Concentrating on rundown high streets, the closures of pubs and post offices and the restoration of rail links, the prime minister has claimed that the measures will build upon the £3. 6bn towns fund first announced in July. - Guardian.
In his ‘Inside the City’ column for the Sunday Times, Ben Woods was looking at IT services provider FDM Group, saying it had suffered from the fallout of HSBC’s rationalisation, given the banking giant is one of its biggest clients.
In her ‘Inside the City’ column for the Sunday Times, Sabah Meddings wrote that investors in the City had “all but written off” Shield Therapeutics a year and a half ago, after its treatment for iron-deficient patients had apparently failed a pivotal trial, and so was met with a thumbs-down from the US Food and Drug Administration.
In his ‘Inside the City’ column for the Sunday Times, Sam Chambers started by describing activist short sellers as “financial vigilantes”, who spend months poring over a firm’s books before publishing a “damning dossier”, in a bid to put the kibosh on its share price.
The world is sleepwalking towards a fresh economic and financial crisis that will have devastating consequences for the democratic market system, according to the former Bank of England governor Mervyn King. Lord King, who was in charge at Threadneedle Street during the near-death of the global banking system and deep economic slump a decade ago, said the resistance to new thinking meant a repeat of the chaos of the 2008-09 period was looming. - Guardian.
In his ‘Inside the City’ column for the Sunday Times, Sam Chambers was focussing on retailer Halfords, and its performance since Graham Stapleton took up the firm’s top office.
In his Questor share tips column for the Telegraph, James Ashton reiterated his 'hold' rating on energy giant BP on Sunday, stating the group BP was "well-positioned" as incoming chief executive Bernard Looney began to consider his long-term vision.
Ten Entertainment Group, the UK's second-largest ten-pin bowling chain, looks set to benefit from families trying to pry themselves away from screens and bring themselves together more often, according to the Mail on Sunday's Joanne Hart.
In her ‘Inside the City’ column for the Sunday Times, Sabah Meddings mused over what was attracting retail investors to Marston’s, quipping that it could be the 20% discount shareholders receive on food and lodging, or, more likely, the brewer and pubco’s hefty dividends.
In her ‘Inside the City’ column for the Sunday Times, Emma Dunkley wrote that litigation funders were on the receiving end of bad press in recent times, pointing out Neil Woodford-backed Burford Capital as becoming a “cause celebre” after activist investor Muddy Waters published a scathing report on it in August.
Joanne Hart at the Mail on Sunday pointed out that with more people than ever owning pets, consumers were looking to spend more on the furry friends, benefiting companies like Dechra Pharmaceuticals, which makes and sells drugs for animals.
In his Inside the City column for the Sunday Times, Ben Woods said British tech firm Sage was yet another "behemoth" trying to reinvent itself before being dragged "into the corporate graveyard", much like IBM before it.
Robert Stephens at the Telegraph issued British housebuilder Berkeley with a 'buy' rating and £39. 69 price target on Sunday, highlighting that although there could be further issues on the horizon for the market as a whole, the group looked set to benefit from its cycles as it had in the past.
In her ‘Inside the City’ column for the Sunday Times, Emma Dunkley was looking at wealth management firm Rathbone Brothers, describing the £1. 2bn company as a “marauding hunter” in a sector increasingly divided between hunters and prey.
In his ‘Inside the City’ column for the Sunday Times, Sam Chambers was looking at the tough times facing the motor retail industry in Britain - and specifically, the challenges being experienced by the main market’s Pendragon.
While Greggs' vegan sausage rolls make up a mere fraction of the company's total sales, Joanne Hart at the Mail on Sunday said the buzz around the product had certainly encouraged more people to venture into stores, most of which were "pleasantly surprised" with the group's transformation under chief executive Roger Whiteside.
Specialist engineering company MPAC was on track to "grow substantially" over the next few years, according to the Mail on Sunday's Joanne Hart, who called the group "an example of British manufacturing at its best" in her Midas Share Tips column on Sunday.
In his ‘Inside the City’ column for the Sunday Times, Ben Woods was looking at Warrington-based technology company Blue Prism, which was using technology to help automate the repetitive tasks of office workers.