Battle for £50m Arsenal shares
Arsenal football club has been the interest of foreign investment for some time now, and it would appear that foreign ownership could be on the cards. It was reported that explosive rows with shareholders took place last week and two of the share holders who are related through marriage just walked out of the board [...]
Bank of Scotland allow 6 months before repossesion
With the governments first initial plans of telling banks to give people who were struggling with their repayments on their mortgages, they wanted banks to give at least three months breathing space for them to make up repayments and not to be repossessed with this also not to incur any more charges on top. Which [...]
Regreat over £20bn bail out
The chairman of the Royal bank of Scotland Sir Tom McKillop passes on his deep regrets today. At a shareholders meeting the majority vote was in place to sell up to 60% of the banks shares and which would see a £20bn bail out. This would see that 60% of the bank would remain in [...]
Woolworths 800 stores for a £1
Woolworths eye up a £1 take over bid for 800 stores around the UK from wealthy US investors, who specialize in troubled companies in distress. After only being in the job for a few weeks Mr Steve Johnson, a deal could be taking place very soon with the US company Hilco, With shares at 3.35p [...]
