RANGERS’ investor Mike Ashley is on track for a showdown with some of the biggest shareholders in his Sports Direct chain over working practices at the high street retailer.
Major investors are set to back a resolution from Trade Union Share Owners at the retailer’s annual meeting next month calling for an audit of its “human capital management”.
The development comes after Sports Direct was heavily criticised by the House of Commons' business committee for its treatment of staff at its warehouse in Shirebrook, Derbyshire, according to a report in The Sunday Times.
ITV has been told to increase its proposal for the maker of hit children’s TV show Peppa Pig by at least 20 per cent before takeover talks can begin.
A top-10 investor in Canadian media company Entertainment One is quoted in The Sunday Telegraph as saying that institutions will not accept less than the 330p per share they acquired shares in eOne for in a placing last summer.
ITV’s initial approach for eOne was rebuffed earlier this month, with the company stating that it undervalued the business.
City lobbyists will campaign for a “hard Brexit” from the European Union and call for a deal which will allow financial services firms to trade on the basis of having equivalent regulations to Brussels, according to The Mail on Sunday. That would mean ending the passporting regime which allows firms to trade in other European Economic Area (EEA) states either by setting up branches or providing cross-border services.
According to the newspaper, such a deal would allow companies to retain access to the single market after the UK leaves the European Union.
Scottish entrepreneur Jim Clarke is in line for a £175 million payout after appointing advisers at KPMG to find a buyer for his majority stake in Clarke Energy, according to The Sunday Times.
And according to The Sunday Telegraph, taxi app specialist Uber is planning to launch its food delivery service outside London for the first time.
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