Business

Bain revving up for £1.2bn Esure offer | City & Business | Finance

[ad_1] Shares in the FTSE 250 firm, whose brands include Sheilas’ Wheels, soared 63¼p to 267¼p after it confirmed an unsolicited proposal from Bain Capital. It is in talks over an offer valuing its shares at 280p, a 37 per cent premium to its previous closing price.Esure said: “The board has indicated to Bain Capital that it would be minded to recommend a firm offer at the price set out
Business

Fighting Conspiracies, Sandy Hook Parent Is Thwarted by Online Policies

[ad_1] Leonard Pozner says he spends hours every day trying to erase online conspiracy theories that the death of his 6-year-old son Noah at the Sandy Hook Elementary School was a hoax.He has taken Alex Jones of Infowars, by far the most visible Sandy Hook denier, to court. He has put pressure on major tech companies to take action against the conspiracy theorists who flourish on their platforms.But the bulk
Business

Elon Musk’s Tweets on Tesla Started a Tizzy. Someone Should Hit the Brakes.

[ad_1] Why do people say the craziest things on Twitter?What is it about social media that makes powerful, accomplished individuals say things that they later need to recant, walk back or at least explain?This isn’t about President Trump (although it could be). It is about chief executives.The tweets that Elon Musk of Tesla sent last week about taking his company private pushed investors into a tizzy as they tried to
Business

Foxconn Is Feeling the Sag in Smartphone Sales. Apple? Not So Much.

[ad_1] Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________The slowdown in smartphone sales is hurting Foxconn far more than its biggest customer.The news: Profit at the Taiwanese company — which is the world’s largest contract electronics manufacturer, making iPhones for Apple as well as devices for companies like Amazon — has fallen for two straight quarters. Foxconn reported
Business

The student trying to solve the food waste crisis

[ad_1] Image caption Lawrence often visits markets in Uganda, explaining his product to local sellers Lawrence Okettayot is on a road trip across Uganda.He's spreading the word about a device he's created which could be a solution to Africa's food waste crisis.Food wasted every year in the continent could feed up to 300 million people, according to the United Nations. In just Uganda alone, up to 40% of fruit and
Business

Pension scam victims ‘lost £91,000 each’

[ad_1] Image copyright FCA Image caption A new TV advert shows how a fraudster might spend someone else's savings Pension scam victims are losing an average £91,000 each as fraudsters see the potential for looting savings pots.One victim, Jennifer Ringstead, who lost over £50,000, said she is "angry" she had not been compensated and would have to start saving from scratch.City regulators are now launching a new campaign aimed at
Business

The city ranked as the most liveable in the world

[ad_1] Image copyright Getty Images Austrian capital, Vienna, has beaten Australia's Melbourne to be named the world's most liveable city.It's the first time a European city has topped the rankings of the Economist Intelligence Unit annual global survey. The worldwide league table ranks 140 cities on a range of factors, including political and social stability, crime, education and access to healthcare.In the survey, Manchester saw the biggest improvement of any
Business

Pension scam warning: Fraudsters stealing £91k as new TPR campaign launched | Personal Finance | Finance

[ad_1] Fraudsters posing as pension advisers and providers stole an average £91,000 each from 253 known victims last year alone, new research reveals, though they are thought to be just the tip of the iceberg as only a minority of cases are reported.Nearly a third of 45 to 55-year-olds say they would not know how to check they were dealing with a genuine person, a YouGov survey of just over
Business

US toughens scrutiny of foreign deals

[ad_1] Image copyright AFP Image caption President Donald Trump signed a military spending bill that includes tougher measures on foreign investment The US has passed a new law that strengthens the government's power to review - and potentially block - business deals involving foreign firms.US President Donald Trump signed the bill, which is part of a broader military spending measure, on Monday.The measure was spurred by US concerns that Chinese
Business

VF Corporation Plans to Spin Out Its Denim Brands

[ad_1] Denim is out. Athleisure is in. For VF Corporation, the apparel company that owns Wrangler and Lee jeans, that made for a simple decision.VF announced on Monday that it planned to spin out its denim brands into a separate publicly traded business, so it can better focus on its faster-growing activewear and lifestyle clothing lines like The North Face and Vans.VF has spent much of the past two decades