MPs to probe Bernard Matthews pre-pack deal
The recent takeover of Bernard Matthews will be scrutinised by the Work and Pensions select committee this week after concerns that the deal was “carefully crafted to dump the pension scheme”. The turkey firm was sold last month in a pre-pack deal to Ranjit Boparan, the food tycoon behind the 2Sisters poultry giant, Goodfella’s frozen pizzas and Harry Ramsdens’s restaurants. The sale by private equity owners Rutland Partners saved 2,000 jobs but meant that Bernard Matthews...
British businesses are growing – but they don’t know if the good times will last
Economic growth appears to be holding up for now, but businesses are not confident enough to make big decisions on hiring and investment, according to a series of surveys published today. Manufacturers are benefitting from rising export sales, the British Chambers of Commerce showed in its quarterly study, with domestic orders also improving. The much larger services sector slowed down, however, and both industries expect to hire fewer staff next year. “Although it is important not...
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