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Shares in Direct Line surge after insurer rejects £3.3bn bid from Aviva
Thu, 28 Nov 2024, 11:44
Direct Line shares surged more than 40% on Thursday after the insurerrebuffed a £3. 3bn offer from Aviva, prompting speculation that the company could attract a higher offer. Aviva’s approach, which was revealed on Wednesday night, is the third rejected by Direct Line this year, with the company having snubbed …
Australia’s Macquarie offers to buy UK-listed waste management firm Renewi for £700m
Thu, 28 Nov 2024, 11:38
The asset manager Macquarie has launched a £700m offer to buy the waste management company Renewi in the latest takeover of a London-listed firm. The two companies have reached a preliminary agreement on the financial terms of a deal that values Renewi at 870p a share, a 57% premium to …
Net migration hit record high of 906,000 in year to June 2023, revised figures show
Thu, 28 Nov 2024, 11:13
Net migration to the UK hit a record high in 2023 of 906, 000 in a period covering Boris Johnson and Rishi Sunak’s premierships, revised estimates show. The measure for the difference between the number of people arriving and leaving the country then dropped by 20% in the latest period, …
City regulator offers to water down ‘name and shame’ rules after pressure
Thu, 28 Nov 2024, 11:00
The City regulator has bowed to pressure over plans to “name and shame” some companies it investigates, offering watered-down proposals that would give firms 10 days’ notice and consider the “potential negative impact” of revealing the identities of companies under inspection. The Financial Conduct Authority (FCA) put forward new proposals …
Use robots instead of hiring low-paid migrants, says shadow home secretary
Thu, 28 Nov 2024, 09:08
Businesses should be using more robots instead of hiring low-paid migrants, the shadow home secretary has said. Conservative MP Chris Philp says other countries “use a lot more automation” for tasks such as picking fruit and vegetables “rather than simply importing a lot of low-wage migrant labour”. Speaking on BBC …
Why was Conor McGregor’s sinister cult of content lauded and rewarded for so long? | Jonathan Liew
Thu, 28 Nov 2024, 08:00
Some good news at last for Conor Mc Gregor. Probably there’s a way of spinning it as bad news, which is what the scum mainstream media will do. But in the wake of hisdefeat in a Dublin civil caseagainst a woman who accused him of raping her, as brands and …
Thursday briefing: The Israel-Hezbollah ceasefire brings respite – but for how long, and what comes next?
Thu, 28 Nov 2024, 06:58
Good morning. At 4am local time on Wednesday, a ceasefire began between Israel and Hezbollah in Lebanon. By that time, some displaced residents of Lebanon’s devastated southwere already on their way back, many of them wondering as they travelled whether the homes they had fled were still there. The pause …
Posh olive oil, tinned fish and even salt are now du jour, says Waitrose
Thu, 28 Nov 2024, 06:00
Forget designer fashion and jewellery, trendy versions of pantry staples such as extra virgin olive oil, balsamic vinegar and tinned fish have become middle-class lust objects for home cooks, according to a new report. A food cupboard stocked with chic glass bottles, jars and decorative tins (in the front row …
Iran says it could end ban on possessing nuclear weapons if sanctions reimposed
Thu, 28 Nov 2024, 05:00
The nuclear debate inside Iran is likely to shift towards the possession of its own weapons if the west goes ahead with a threat to reimpose all UN sanctions, the country’s foreign minister has said. Seyed Abbas Araghchi said in an interview that Iran already had the capability and knowledge …
Canada leaders agree to unite against Trump tariff threat amid reports of retaliatory measures
Thu, 28 Nov 2024, 01:41
Canada’s federal government and the premiers of the 10 provinces have agreed to work together against a threat by US president-elect Donald Trump toimpose sweeping tariffs on Canadian imports, with one official saying the country was already examining possible retaliatory measures. “We agreed that we need to be smart, strong …
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