Interserve’s shareholders may have to swallow the fudge | Nils Pratley | Business – Business Article

Welcome to the new era of outsourcing, Interserve shareholders. You will be wiped out, more or less, via a £480m debt-for-equity swap in which the banks take control. You won’t like it, but please don’t bother voting against the rescue. If you do, your board intends to adopt “alternative plans” to force through the financial restructuring anyway. Shareholders may think this is unfair – and the biggest investor is demanding a new board of directors – but they cannot be…

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Labour report urges investment to revive struggling regions | Business – Business Article

A future Labour government should use funds from a national investment bank, targeted transport spending and buying British as part of a long-term strategy to spread economic prosperity to the struggling regions, a specially commissioned report for the party has said. The report called for funding from the national investment bank – a key plank of the opposition’s economic strategy to be heavily skewed in favour of communities hard hit by the decline in manufacturing, with funding per head more…

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