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Unilever set to test May’s Brexit strategy

  Bloomberg Unilever Plc’s announcement that it’s looking at ending its dual nationality and basing itself in London or Rotterdam means Theresa May finds her Brexit strategy facing either a big endorsement or an early blow. Few companies have more day-to-day contact with the British people than Unilever. It estimates its products, from Marmite and Vaseline to Hellman’s mayonnaise, are ...

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Altice targets IPO of 20% of USA cable unit

  Bloomberg Altice NV and its partners are exploring a sale of about 20 percent of their US cable-TV business in an initial public offering this quarter, as billionaire Patrick Drahi takes advantage of historically strong equity markets to raise cash for expansion, according to people familiar with the matter. Drahi’s Altice may use the proceeds from the listing of ...

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UK consumer back in spotlight as wages, inflation diverge

  Bloomberg UK consumers, touted by Mark Carney as a key to the economy’s performance, may find the squeeze on their pockets gets a little tighter this week. While inflation’s upward momentum probably paused in March, another weakening in wage growth means pay isn’t keeping pace with price increases. That’s all going to feed into household spending habits in 2017. ...

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Morgan Stanley hikes chief’s pay 27% to $19.5mn

  Bloomberg Morgan Stanley President Colm Kelleher, who runs the firm’s investment bank and retail brokerage, received $19.5 million for his work last year, a 27 percent increase. Kelleher, 59, was paid $1.67 million in salary, $6.88 million in deferred cash and $2.4 million in deferred stock, the New York-based bank said in a regulatory filing. He also got a ...

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Sharjah cancer research laboratory opens in London

  London / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah,and his wife, Sheikha Jawaher bint Mohammed Al Qasimi, Founder and Royal Patron of the Friends of Cancer Patients (FoCP), inaugurated the ‘Sharjah Laboratory’ at the Francis Crick Institute in London. The Sharjah Lab is part of the Francis Crick Institute, the ...

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UAE committed to step up humanitarian initiatives

  Abu Dhabi / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the United Arab Emirates is determined to step up its humanitarian initiatives to help the displaced people and refugees around the world, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent ...

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Bloom Properties to lease 225 residential flats in Abu Dhabi

  Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding subsidiary dedicated to developing sustainable and integrated urban communities, announced the leasing of 225 exclusive upscale residential apartments in Bloom Marina, the premium waterfront destination located in Abu Dhabi’s Marina Al Bateen area. Bloom Residences consists two residential buildings adjacent to future EDITION Hotel, with expansive marina and city ...

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TCA Abu Dhabi team attends Riyadh Travel Fair

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is attending Saudi Arabia’s largest travel trade event in Riyadh ahead of a promotional tour to boost inbound visitor numbers, in a move to strengthen existing cooperation with the Kingdom of Saudi Arabia. TCA Abu Dhabi, which is a strategic partner of the Riyadh Travel ...

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GOP mulls ‘unenforceable’ version of net neutrality

  Bloomberg A Republican proposal to undo Obama-era net neutrality rules would hand responsibility to prevent abuses by internet service providers to an agency that critics say lacks adequate power. US Federal Communications Commission Chairman Ajit Pai is said to be planning a proposal to strip his agency of strong authority over broadband and let the Federal Trade Commission police ...

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UK manufacturing, construction point to loss of momentum

  Bloomberg UK manufacturing and construction unexpectedly shrank in February, adding to signs that the economy lost momentum in the first quarter. Factory output fell 0.1 percent from January, the Office for National Statistics said. Total industrial production declined 0.7 percent as unseasonably warm weather reduced demand for energy. Construction dropped 1.7 percent, the most in almost a year. While ...

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