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The Independent (U.K.) 

Milk quota scrapped: good for breakfast, not so good for farmers

European milk quotas have been scrapped, marking the end of three decades of government intervention to control the production and price of milk in Europe.

Give birth to your idea and win up to £15K PR budget

Hewlett-Packard's legal battle with Autonomy heads to UK courts

The battle between Hewlett-Packard and the former management of Autonomy over the US giant’s botched $11.1bn (£7.4bn) purchase of the British software company has opened up a new front, with both parties taking legal action in the UK courts.

Net-a-Porter deal sees Luxury goods giant Richemont catch €317m

The luxury goods giant Richemont will pocket €317m (£232m) after it agreed a €1.3bn online fashion merger of its Net-a-Porter business with its Italian rival Yoox.

Activist group attacks Alliance Trust 'spin' and management

The activist investor Elliott Advisors stepped up its attack on Alliance Trust’s management team yesterday, accusing it of acting in a “manner unbecoming of a public company”.

Thousands of B&Q jobs at risk as Kingfisher shuts one in six stores

More than 3,000 workers at B&Q stores are set to lose their jobs over the next two years as the parent company’s new boss revealed plans for a major overhaul of the DIY chain.

Simon Murray departs as more turmoil hits oil explorer Gulf Keystone Petroleum

The former French Foreign Legionnaire Simon Murray became the latest casualty of oil explorer Gulf Keystone Petroleum’s boardroom bloodletting yesterday, standing down as chairman with “immediate” effect.

Market Report: Footsie enjoys its best quarter in two years - but you wouldn't know it

The Footsie has just had its best quarter in two years, but you wouldn’t know it from looking.

James Moore: How can the Pru justify these fat pay rewards?

“This performance outstripped that of other international insurance companies,” said Lord Turnbull, the chairman of Prudential’s remuneration committee, presumably puffing out his chest as he wrote. Without, you probably won’t be surprised to learn, saying which international insurance companies he was referring to.

James Moore: Alliance Trust is under pressure, and quite rightly so

Help, help, the wolves of Wall Street are after us! At least that’s how Alliance Trust is telling it.

Britain's economic growth revised up for 2014 by ONS as exports surge

The economy grew more briskly than previously thought in 2014, helped by a surge in exports in the final quarter, the Office for National Statistics said yesterday.

Election 2015: Business leaders warn a change of government would 'threaten jobs and deter investment' in open letter

More than 100 business leaders, including former Labour donors, have warned that a change of government in the general election would “threaten jobs and deter investment” in a letter published today.

How Groupon turned the Banana Bunker into a social media success

The social media team at Groupon have attracted plenty of attention in the last week after a Facebook post about a phallic fruit container went viral.

RBS ‘chairman of the bored’ quits after social media gaffes

A senior investment banker with Royal Bank of Scotland (RBS), who hit the headlines this month when his social media messages to his daughter revealed that he was “bored” at work, is leaving just weeks after taking up a new position.

Cheaper car insurance and working around the weather: how IBM is using data in its new £2 billion Internet Of Things unit

IBM, the computer giant, is taking a punt on the Internet of Things by investing over £2 billion ($3 billion) over the next four years on a new unit. The Internet of Things Unit is building a cloud-based platform that companies can use to get and contribute data that could affect their business operations.

Facebook accused of tracking all users even if they delete accounts, ask never to be followed

A new report claims that Facebook secretly installs tracking cookies on users’ computers, allowing them to follow users around the internet even after they’ve left the website, deleted their account and requested to be no longer followed.

WWE stock slammed despite record-breaking WrestleMania 31 event

Investors in World Wrestling Entertainment were dealt a blow this week after stocks fell 14% at the end of the 31st annual WrestleMania blowout.

B&Q stores to close in Southampton, Dundee and Barnsley after owner Kingfisher posts disappointing results

Southampton, Dundee and Barnsley are about to lose their local B&Q. Kingfisher, the DIY chain’s parent company, announced the closure of 60 B&Q stores on Tuesday following disappointing results that revealed a 7.5 per cent fall in annual profit.

Dyson tries to clean up in Asia with Pure Cool air purifier

Dyson is hoping to win over China with a new air purifier that eliminates 99 per cent of harmful particles.

Satyajit Das: The slump in oil prices is fuelling financial instability globally

Financial markets have generally assumed lower oil prices are good for asset prices, resulting from the positive effect on growth and lower inflation which extends the period of low interest rates. In reality, the large movement in oil prices has the potential to create significant financial instability, especially in debt markets.

There’s not much comic about Quindell’s recent behaviour

Holey Corporate Governance! is how one law firm describes professional services outfit Quindell, in a nod to the classic 1960s Batman TV-show.

Market Report: High-techs surge on hopes of a rush of deals

Technology and internet businesses are some of the most volatile around, and yesterday high-tech companies surged upwards on hopes of a rush of deals in the sector.

Tears, bullying and playing the blame game at RSA’s Irish unit

Philip Smith’s son thought the worst when friends texted him on an evening in early November 2013, saying “Sorry to hear about your father.”

BoE stress tests to focus on Asia and the eurozone

A sharp economic downturn in Asia and the eurozone, falling commodity prices and illiquid financial markets will form the backdrop to the Bank of England’s stress tests for the UK’s biggest banks this year.

Scandal-hit Quindell sells legal arm to Slater & Gordon for £637m

The scandal-hit insurance outsourcer Quindell is hoping for a “new start” after announcing plans for a boardroom clear-out and a sell-off of almost three-quarters of the business.

Probation service faces job cuts under Sodexo

Hundreds of probation officers are facing redundancy less than two months after the Ministry of Justice privatised the rehabilitation of low and medium-risk offenders.

Greek prime minister vows no capitulation to creditors

Germany turned the screws on Greece again yesterday, as officials insisted Athens has still not provided a satisfactory programme of economic reforms to its single currency partners.

Small rooms, super-fast internet and food to go: welcome to the hotel of the future

Suites with sofas, fancy hotel restaurants and the attentive concierge were once the hallmark of luxury at the world’s grand hotels. That might be about to change. A new breed try to appeal to a generation of customers who want fewer frills and tech-friendly communal areas and have set aside £150 billion to spend on it.

B&Q parent Kingfisher pulls out of Mr Bricolage takeover talks a day before results

Executives at B&Q parent company Kingfisher have been left red faced after nine months of negotiations to buy French rival DIY chain Mr Bricolage collapsed leaving them empty handed.

Miliband’s Business Plan: is UK membership of the EU as important as Labour says it is?

Ed Miliband has announced his plan for UK businesses. His campaign is based on reassuring business owners that Labour is not anti-profit, while reiterating the importance of the keeping the UK in the EU.


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