Some will say if higher growth and greater cost reductions are possible, why haven’t they happened already? Emma Walmsley has been in charge for more than four years. That’s one of the questions activist shareholder Elliot Management has implicitly asked by encouraging other shareholders to agitate for a more radical greater break up of one of the UK’s most valuable companies.
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UK economy hit as people shop less than pre-Covid
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It comes as government borrowing rose in September, according to the Office for National Statistics.
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UK banking rules in biggest shake-up in more than 30 years
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Leading hedge fund manager Sir Paul Marshall of Marshall Wace recently described the London financial markets as a “Jurassic...
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Wetherspoons runs low on beer amid driver shortage
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“Government must address the HGV driver shortage by rapidly increasing the number of HGV driving tests taking place, providing...
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Fears funeral plan reforms could mean thousands lose money
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James Daley, the managing director and co-founder of consumer group Fairer Finance, has this advice for people worried about...
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Mike Ashley’s Frasers Group makes offer for Mulberry
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Mike Ashley’s Frasers Group has made a takeover approach for luxury handbag maker Mulberry, adding it was “exceptionally concerned”...
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‘I pawned my wedding rings for £200 to pay my bills’
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Nathan Finch, managing director of the pawnbroker we visited, said he had seen an uplift in business due to...
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Ex-Nissan boss Carlos Ghosn: How I escaped Japan in a box
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Mr Ghosn was taken to the Tokyo Detention Centre where he was given prison clothes and confined to a...
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Retail sales drop in July as rain dampens demand
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He said that while its outdoor toy sales were “substantially down” on a year ago, “our indoor sales, whether...
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