City News: AkzoNobel, View My Chain & Clinton Cards


Dulux paint owned by AkzoNobelGETTY

AkzoNobel see fit come under fire from Elliott for refusing to entertain takeover talks

Elliott and a developing number of Akzo investors are angry at the firm’s management for failing level to consider talks with its US rival, which had a second €24.6billion (£20.6billion) takeover bid hammered back last month.

It is understood that Elliott plans to con chief executive Tom Buechner and chairman Antony Burgmans to task at Akzo’s AGM in Amsterdam.

Additionally, Akzo has until tomorrow to judge if it will bow to Elliott’s demand that it holds an extraordinary general appointment where investors will vote on the removal of Burgmans. 

Elliott and five other shareholders, who together account for uncountable than 10 per cent of the company, say that if Akzo refuses their insist on, they will take it to court.

Last week the Dutch pictures giant set out its takeover defence, which would see it return £1.3billion to investors and demerge its adeptness chemicals division.

Elliott has dismissed the plan as an attempt by management to observe their jobs. AkzoNobel employs some 3,300 in the UK, more than a third posted in the North-east. It fears jobs will be lost if PPG is successful.

AkzoNobel talkGETTY

Akzo has already defeated one advance from its US rival PPG

Housing market technology group Angle My Chain is looking to make conveyancing and surveying quicker and more efficacious to help speed up home sales, founder Sohail Rashid communicates.

The firm’s technology enables people to see where delays are forming in the on offers process in England and Wales, and Rashid said that it is looking to try out it to both conveyancing and surveying.

View My Chain says that, on general, property moves take 94 days to complete and that, when a gyve collapses, it costs home buyers an average of £2,899. 

Houses for saleGETTY

View My Restrict thinks that it will be able to reduce the time it takes to clerk a house to six weeks

He said: “What we have is not the finished product. We’ve charmed out inefficiencies in chain management, but buying or selling a home still shames a lot of effort. There is scope for other stakeholders to get involved, like surveyors or conveyancing.”

Judge My Chain, used by more than 20 of the nation’s biggest fortune agencies, tracks 60 different data points, including holdings listings, legal searches, land registry records and mortgage applications, to upon where delays are forming in housing chains.

It claims to be able to precipitousness up transactions by 15 days, but Rashid believes it can eventually cut the time it send up c departs to complete a house sale to an average of six to eight weeks.

Clinton Cards is looking to its own stamp of plush toys and bath sets, as well as increasing its range of doles, to offset a decline in footfall on the high street.

Marketing director Tim Middlings said that Clinton Cards hopes to boost the amount people spend per visit and, as part of that, is set to launch a range of plush amuse oneself withs based on the characters from its Herbie & Friends range of cards, strong points and stationary.

The toys will feature Herbie the Bear and his friends Zu-Zu the Panda, Mr Crumpet the Dog, and Foggy Boots the Fox. The toys will form part of an expanded gift sort, which will include more bath and body products, extravagance chocolates and candles.

“We need to be realistic about what’s going on in the foremost street. Footfall is falling and we expect that to continue,” Fairs disclosed.

“What we need to do is make sure that we grow the basket. There is a big opportunity there. We need to offer a more compelling assortment to enlarge that basket.”

First Utility is to provide customers with access to plumbers, electricians, builders and other unrestricted local tradesmen, after taking a stake in online booking stage Bizzby.

The challenger utilities group is launching First Utility Competent in Services, which its 900,000 customers will be able to access using a smartphone app or website.

The utility will be powered by Bizzby, which has a web-based network of half a million artisans, and users of the First Utility app will be able to book them at commodious times and get competitive real time prices for the jobs they are lacked for.

First Direct managing director Ed Kamm said: “We see great future in Bizzby’s technology and network. We’re making it incredibly simple for customers to libretto the services they need around their home with the facts that a trusted professional will turn up at the right price.

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