Leader: McDonald’s Ronald McDonald Since the arrival of Covid-19 there has been little to smile about. But the Chancellor’s Eat Out to Help Out scheme – otherwise known as ‘Rishi’s Dishes’ – has been a rare source of pleasure. Rishi Sunak’s pledge that taxpayers will foot the bill for half …
Read More »MIDAS SHARE TIPS UPDATE: Golden egg for Cranswick
Britons consume 20million chickens and several hundred thousand pigs every week. During lockdown, we ate even more. Cranswick, based in East Yorkshire, was a key beneficiary of that increased appetite. One of the UK’s leading pork producers, Cranswick processes more than 3million pigs a year, creating premium sausages, bacon, joints …
Read More »MIDAS SHARE TIPS: Taseko turned $1 into $360million
In 1999, a Canadian mining company, Taseko, bought a mothballed copper mine in the middle of British Columbia. At the time, copper was trading at 50c (38p) a pound, the mine was uneconomical and the vendors were keen to dispose of it. Taseko paid a dollar for the asset, known …
Read More »Czech billionaire becomes largest Royal Mail shareholder
The billionaire known as the Czech Sphinx has quietly become the largest shareholder in Royal Mail, heaping more pressure on the troubled postal service as it faces calls for a break-up. Daniel Kretinsky, who owns Sparta Prague football club and who made his fortune in energy, has amassed a £250million …
Read More »Ad mogul Marc Boyan’s bold plan to build media empire
An advertising entrepreneur is hatching ambitious plans to build a global media empire after taking his marketing firm off the stock market. Sources said Marc Boyan was weighing a move to merge AIM-listed Reach4Entertainment, which he runs with former BBC boss Lord Grade, with his private group Miroma. It follows …
Read More »Mark Zuckerberg quids in from UK tech sale
Silicon Valley tycoons including Mark Zuckerberg are in the money after their investment fund sold a British tech company. Iconiq Capital – which invests on behalf of the Facebook founder as well other tech billionaires including Twitter chief executive Jack Dorsey and LinkedIn founder Reid Hoffman – sold North-West London-based …
Read More »HAMISH MCRAE: Eventually inflation will come through
Deflation or inflation? It can’t be both and it matters massively to all of us which it is going to be. The gold market and the UK housing market say it will be inflation, for both are racing away to all-time highs. US shares, particularly those of the high-tech giants, …
Read More »Nationwide calls on customers to respect its staff
Nationwide building society has called on customers to respect its staff after a spike in abuse in branches. It said the number of incidents of customer abuse from the start of lockdown to the end of July was double the number before the pandemic. Sources said some customers would get …
Read More »Insurance giant Aviva tests part-time working in its offices
Aviva is trialling part-time home working for staff in the latest sign that workers may never return to the office full-time following the Covid-19 lockdown. The insurance giant has said it will start testing out how to combine home and office working when some of its staff begin returning to …
Read More »Cashpoint boss urges action to boost ATM numbers
The boss of the country’s biggest ATM operator is calling for an urgent overhaul of the way the country’s cash machine network is funded so that access to money is maintained nationwide. The plea from Marc Terry, head of Cardtronics, comes as experts examine ways of ensuring cash is not …
Read More »