Robert is Assistant Editor of Reuters Breakingviews, based in London. He has a special focus on investment, writing about it on a global basis. Robert worked for The Times, in London, in a variety of writing and editing capacities from 1998 to 2010. For nearly 10 years he edited the newspaper’s daily Tempus investment column. He was also deputy business editor, acting business editor, a leader writer, the chief obituaries writer and a news editor in the home affairs department. Prior to joining The Times, Robert worked on The Independent and the London Evening Standard. His most recent book is called The Unwritten Laws of Finance and Investment (Profile, 2010). As a part-time lecturer, Robert led the financial journalism specialism at The City University in London in 10 academic years between 1995 and 2007. Follow Robert on Twitter @RobertCole7
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The budget airline has said it will now distribute 40 percent of earnings, up from one-third. That’s brave given aviation’s inherent cyclicality and the need to spend on aircraft. Still, it’s a welcome step. Management has credibility and the move will enforce discipline.
Heineken calls SABMiller’s bid approach “non-actionable.” Competition problems do exist in Europe, India, Africa and elsewhere. But these could be fixed and a $130 bln tie-up would create an emerging markets titan. The rebuff suggests family control is the real sticking point.
The smaller grocer joined Britain’s supermarket price war early. Half-year figures show tentative signs of success. That might embolden Tesco’s new CEO to follow suit. But by lifting dividends rather than conserving cash, Wm Morrison leaves itself little room for error.
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- Agenda for Tesco CEO: price cuts, board and UK
- Risky AA just got riskier
- Tesco should cut its dividend
- Carillion's new Balfour offer still falls short
- Corporate Europe parades bill of good health
- Reckitt pharma spinoff looks like a cold turkey