Bakking up: Tesco and Waitrose supplier Bakkavor sacks off London float November 3, 2017 Food supplier Bakkavor has backed out of its plan to float on the London Stock Exchange, saying current market conditions are too volatile. The IPO was set to take place this month and would have valued the company, which creates microwave meals and other products for the UK’s biggest supermarkets, at up to £2bn. Read [...]
Pound sterling edges even lower against the dollar and the euro after yesterday’s interest rate hike (GBP USD EUR) November 3, 2017 The pound weakened against the dollar again in early trading, after it plummeted in the aftermath of yesterday’s Bank of England interest rate hike. Sterling edged 0.1 per cent lower against the dollar, to $1.3049, although it was flat against the euro, at €1.1206. The currency fell by two cents against the dollar yesterday, after [...]
A Twitter employee deactivated Donald Trump’s account yesterday November 3, 2017 Twitter says an employee who briefly deactivated Donald Trump’s Twitter account yesterday was on their last day at the company. The US President’s account, which he set up in 2009, was shut down for 11 minutes by the unnamed employee, Twitter said. Read more: Trump’s ex-campaign boss charged with conspiracy against the US For a [...]
Arqiva scraps £6bn float amid market uncertainty November 3, 2017 TV transmitter firm Arqiva has scrapped its £6bn float on the London Stock Exchange, saying current market conditions are too uncertain. The IPO was set to be the biggest this year. The company, which owns many of the UK’s TV transmitters, had decided to float after a sale of the business fell through. The company [...]
The sexism scandal hasn’t hit the City yet: That doesn’t mean it’s immune November 3, 2017 It has been hailed as a revolution and bemoaned as a witch hunt. But what the scandal currently snaking through the corridors of Westminster is rapidly teaching us is that very few women exist who do not have a grizzly tale of workplace discrimination, whether it is from colleagues they should have been able to [...]
Banks must green up their act, for the sake of both planet and profit November 3, 2017 If you watch a TV ad for a UK high street bank these days, they are full of soft focus, half-speed footage of smiling, tanned pensioners vigorously enjoying their retirement, or shots of attractive young families surrounded by nature – all portraying vague notions of stability and future prosperity. But a new report from the [...]
Christmas shopping: Argos opens new fulfilment centres in Reading and Birmingham in time for Christmas rush November 3, 2017 Argos has opened two new regional fulfilment centres, boosting its online capacity ahead of the hectic Christmas shopping season. The centres in Birmingham and Reading will add 200,000 square feet of space for products offered on Argos’ next-day and same-day delivery services. Read more: Sainsbury’s suits up: Supermarket to sell smart mens clothes The new [...]
Singapore state fund in talks to buy a stake in OakNorth November 2, 2017 A huge Singaporean sovereign wealth fund is reportedly in talks to snap up a stake in British challenger bank OakNorth. The state’s Government Investment Corporation (GIC) was close to agreeing a deal to acquire 10 per cent of business-focused lender OakNorth, Sky News reported. GIC was said to be buying the stake from Indiabulls, one [...]
Apple share price climbs to a new record high as it smashes expectations November 2, 2017 Apple has edged tantalisingly close to a $1 trillion valuation today as the technology giant’s quarterly earnings blew away expectations, pushing its share price to a new high in after-hours trading. In the fourth quarter, Apple’s revenue rose 12 per cent to $52.6bn (£40.3bn) while the company’s net income increased to $10.7bn, or $2.07 per [...]
New homes on sale this weekend, in London Fields, Richmond, Camberwell and two well-connected commuter towns November 2, 2017 Developments on the market this week Prime Place, Godalming From £375,000 Live close to one of the most prestigious independent schools in the country and a top commuter station. Charterhouse School is less than two miles away from Prime Place, a town centre housing development. A four bedroom penthouse is being unveiled tomorrow (Sat 4) [...]