Nathan Bissitt, Author at Business Ideas UK

Articles

VW manager jailed over emissions scandal

ByNathan BissittDecember 7, 2017

A senior Volkswagen manager has been jailed for seven years in the US for covering up a scheme to evade pollution limits on diesel vehicles. Oliver Schmidt, 48, became the second person to be sent to prison over the scandal involving the car maker. He was also fined

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Ladbrokes Coral in talks over takeover by GVC

ByNathan BissittDecember 7, 2017

Bookmaker Ladbrokes Coral has revealed it is in “detailed” talks over a potential takeover by online rival GVC valuing it at up to £3.9bn. GVC, whose brands include Sportingbet and Foxy Bingo, would pay cash and shares under the deal which would see

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Lords warn no Brexit deal will 'deeply damage' UK

ByNathan BissittDecember 7, 2017

The House of Lords has said that a no-deal Brexit would “deeply damage” the UK, impacting not only the economy, but also aviation, counter terrorism and nuclear safety. The damning report said it is “difficult, if not impossible, to envisage a worse

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What happens to things companies can't sell?

ByNathan BissittDecember 6, 2017

There are a number of options. The stock can sit mouldering, unwanted, in a warehouse if it is not perishable. It can be sold, below cost, to a discount retailer. Or, in the worst case, it is simply dumped in landfill. Billions of pounds worth of goods are reckoned to

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Prudential eyes £13bn sale of UK annuities

ByNathan BissittDecember 6, 2017

Prudential, the FTSE-100 insurance giant, is courting buyers for a bigger-than-expected chunk of its UK annuities business worth up to £13bn in a move that will intensify signals that it plans to retreat from its home market. Sky News has learnt that the Pru has asked

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Hammond floats customs union style Brexit deal

ByNathan BissittDecember 6, 2017

Philip Hammond has floated the idea of the UK remaining in a customs union style arrangement – but said the Cabinet has yet to agree on an “end-state” for Brexit. The Chancellor acknowledged that the possibility of negotiating a deal which retains

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Davis: Brexit impact studies 'do not exist'

ByNathan BissittDecember 6, 2017

No assessments of Brexit’s impact on the UK economy have been carried out by the Government, David Davis has admitted. The Brexit Secretary said “forecasts” of the EU divorce’s effect on different industrial sectors did not exist but that the

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US funds giant eyes bid for BT's Hermes

ByNathan BissittDecember 6, 2017

A New York-listed asset management giant is weighing a bid for Hermes Fund Managers, the investment house owned by Britain’s biggest corporate retirement scheme. Sky News has learnt that Federated Investors, which manages almost $364bn on behalf of clients, is

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TaxAssist Accountants wins Best Franchise 2017 Award

ByNathan BissittDecember 6, 2017

National accountancy franchise TaxAssist Accountants was named winner of the prestigious Smith + Henderson ‘Best Franchise 2017 Award’ in the Business to Business category. The award comes off the back of a network-wide survey, in which franchisees were invited to complete

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Round one to Brydon as ISS backs LSE chair

ByNathan BissittDecember 6, 2017

The under-fire chairman of the London Stock Exchange Group has received a welcome boost from an influential voting advisor 13 days ahead of a shareholder meeting that will decide his future. Sky News has obtained a copy of a report by Institutional Shareholder