<?xml encoding=”utf-8″ ?????????> The Post Office has cut the size of the compensation pot it set aside to pay branch managers wrongly convicted of theft and false accounting by half. Its annual accounts show it has now set aside £244m, down from £487m last year. Between 1999 and 2015, more […]
Frasers Group snaps up luxury clothing website Matches Fashion for £52m
<?xml encoding=”utf-8″ ?????????> The company, which is controlled by billionaire Mike Ashley, will buy Matches from private equity firm Apax Partners, its owner since 2017. It marks a further expansion of Ashley’s empire, with Frasers owning retailers including Sports Direct, House of Fraser and Flannels as well as Savile Row […]
Barclays to stay at iconic Canary Wharf until 2039 as WHF sees headquarter culture change
<?xml encoding=”utf-8″ ?????????> Barclays has reached an agreement to stay in its Canary Wharf headquarters until at least 2039, in a boost to the London docklands financial district following a string of exits from other high profile firms. Canary Wharf Group said the bank had agreed a five year lease […]
Upside inflation risks seen to linger
REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) retained its 2-4% inflation target range through 2026, although risks to the outlook remain “strongly tilted to the upside.” “The inflation target range of 3% ± 1.0 ppt (2-4%) remains […]
IPOs likely to regain momentum next year
More companies may go public in 2024. — IMAGO/WESTLIGHT VIA REUTERS CONNECT By Ashley Erika O. Jose, Reporter MARKET WATCHERS expect initial public offerings (IPOs) to regain momentum in 2024 once the Philippine central bank begins rate […]
PHL expected to import more rice due to El Niño
Farmers use a threshing machine after harvesting what was left of their rice plants during a dry spell in Quirino province, which was affected by the El Nino weather phenomenon, March 4, 2010. — REUTERS By Luisa […]
Global rice prices hit highest level in 15 years
RICE PRICES reached a fresh 15-year high on mounting concerns that increased demand and the impact of El Niño will further tighten supplies of the grain that is a staple for billions across Asia and Africa. Thai white rice 5% broken, an Asian benchmark, climbed by 2.5% from the prior […]
Prime Energy plans $187M for Malampaya Phase 4 in 2024
PRIME Energy Resources Development B.V. announced on Thursday a plan to spend $187 million (around P10.4 billion) next year for the Malampaya Phase 4 project. The project involves drilling at least two deepwater wells in the Camago and […]
A guide to the Metro Manila Film Festival 2023
AN ACTION adventure film, a fantasy drama, a romance, a historical drama, two comedies, two horror thrillers, and two family dramas make the lineup for this year’s Metro Manila Film Festival (MMFF). Organized by the Metropolitan Manila […]
SEC allows PSE to acquire more shares in PDS Group
THE Securities and Exchange Commission (SEC) has granted the application of the Philippine Stock Exchange, Inc. (PSE) for exemptive relief, allowing it to exceed the mandatory ownership in Philippine Dealing System Holdings Corp. (PDS Group). In a […]