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January 28, 2015

Almost two-thirds of US family businesses see recruitment of skilled personnel as a major challenge in the next 12 months and are predicting that the issue is likely to hamper growth, new research has revealed.

Almost two-thirds of US family businesses see recruitment of skilled personnel as a major challenge in the next 12 months and are predicting that the issue is likely to hamper growth, new research has revealed.

The PwC survey of 154 mid-sized US family businesses also found that 66% of respondents believe that staffing issues are likely to get worse over the next five years with many investing in training in order retain employees.

January 23, 2015

Li Ka-shing's Hutchison to buy Telefonica UK for £10.25 billion and China’s richest man snaps up stake in Athletico Madrid

Li Ka-shing's Hutchison to buy Telefonica UK for £10.25 billion

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, is in exclusive negotiations tobuy Telefonica’s British mobile division O2 for £10.25 billion (€13.6 billion).

The conglomerate already operates the Three Mobile network in Britain. The combination of Three and O2 will create the largest mobile operator in Britain, with as many as 32 million customers.

January 16, 2015

Li Ka-shing restructures business empire, shares soar; Samsung crushes rumours of $7.5 billion Blackberry bid

Li Ka-shing restructures business empire, shares soar

Share prices at Hong Kong-based conglomerate Hutchinson Whampoa and property giant Cheung Kong Holdings rose dramatically on Monday following reports of a multi-billion dollar corporate restructure by owner Li Ka-Shing.

As a result, Cheung Kong's shares were up in Hong Kong as much as 14% in afternoon trading on Monday, while Hutchison Whampoa's shares surged more than 12%. 

January 16, 2015

The global ultra-high net worth population is set to transfer more than $16 trillion (€13.8 trillion) to the next generation over the next three decades in what will be the largest wealth transfer in history, according to a new report.

The global ultra-high net worth population is set to transfer more than $16 trillion (€13.8 trillion) to the next generation over the next three decades in what will be the largest wealth transfer in history, according to a new report.

The inaugural Wealth-X and NFP Family Wealth Transfers Report of 100,000 individuals claims the wealth transfer comes as a result of an ageing population of entrepreneurs, who are only now beginning to implement their succession plans. 

January 9, 2015

Hyundai announces multi-billion investment; Lundin reduces 2015 budget by one-third; and Market Basket installs new board of directors

Hyundai announces multi-billion investment

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced a multi-billion euro investment to make up for its slowest sales growth in over a decade.

The carmaker said Tuesday that it plans to spend 80.7 trillion won (€62.5 billion) on new factories over the next four years and will be primarily focussed on research and development.

January 9, 2015

A majority stake in Polaroid, a brand synomynous with the instant photography market, has been bought by US single family office Pohlad Family Capital Fund for $70 million (€59.3 million).

A majority stake in Polaroid, a brand synomymous with the instant photography market, has been bought by US single family office Pohlad Family Capital Fund for $70 million (€59.3 million).

A federal bankruptcy judge approved the deal last week, according to The Star Tribune, which sees the Pohlad family and an undisclosed partner take a 65% stake.

December 19, 2014

Thomas Kwok found guilty on bribery charges; Korean Air faces penalties following macadamia nut case; and News Corp UK suffers £3.5 million loss.

Thomas Kwok found guilty on bribery charges

Hong Kong billionaire Thomas Kwok, co-chairman of one of the district’s largest property developers, has been convicted of conspiring to bribe one of the city's former top officials. His brother, Raymond, was found not guilty on all charges.

December 11, 2014

Sika family sell stake to French rival Saint-Gobain; Akka Technologies acquires German engineering firm Auronik; and Cablevision second-gen James Dolan battles with union

Sika family sell stake to French rival Saint-Gobain

Swiss industrial giant Sika, owned by the Burkard family, signed a SFr2.75bn (€2.3bn) deal to sell their controlling stake to French rival Saint-Gobain this week.

Share prices in both companies fell on Monday following news amid fears that a partial buyout could hamper plans for a full buyout.

December 11, 2014

Family businesses looking to raise capital for growth are increasingly turning to self-funded expansion in order to avoid traditional banking services in the UK, new research has revealed.

Family businesses looking to raise capital for growth are increasingly turning to self-funded expansion in order to avoid traditional banking services in the UK, new research has revealed.

Family Business Survey 2014, produced by Charles Russell Speechlys and Family Business Place, found the preference for self-financed growth stemmed from real and perceived difficulties in borrowing from banks, and a general reluctance to take on debt.

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