The UK gaming industry is bullish for 2017 in the face of Brexit January 3, 2017 Brexit may be casting its shadow over 2017 and beyond, but the UK's multi-billion pound gaming industry is bullish. The industry is expected to grow even amid uncertainty over the economic climate as mobile gaming continues to grow and virtual and augmented reality take off. Businesses are more confident now than they were this time [...]
Euronext boss happy with clearing buy despite deal helping London Stock Exchange-Deutsche Boerse “monopoly” merger January 3, 2017 Euronext’s chief executive believes his company is in a win-win situation after it agreed a €510m (£433m) deal for the London Stock Exchange’s (LSE) French clearing arm, LCH SA. The deal is tied to the LSE’s £21bn merger with Deutsche Boerse. The LSE put LCH SA up for sale in September to help its merger go [...]
Orange barmy army: Network Rail spends £103m on Christmas upgrades to rail infrastructure January 3, 2017 Network Rail hailed the success of its "orange army" of workers and revealed it had forked out £103m over the Christmas break upgrading Britain's rail network. The work was carried out at almost 200 locations across the UK. Meanwhile, commuters into London Waterloo will be pleased to hear that £4.5m of work scheduled at the station, or on the tracks [...]
BBA and Gama get together: UK-listed aviation rivals agree joint venture January 3, 2017 BBA Aviation will merge its aircraft management and charter operations with a rival's US subsidiary, creating one of the largest businesses of its type in the world, it said today. The tie-up with Gama Aviation, also listed on the London Stock Exchange, will create a combined business with over 200 aircraft. The new business will be called Gama Aviation Signature Aircraft [...]
Play time’s over: Private equity firm 3i sells Scandinavian toy and education company January 3, 2017 FTSE 100 private equity firm 3i today announced it had agreed to sell a Scandinavian toy company. The group has signed a preliminary agreement to offload Lekolar to Swedish investment company Nalka Invest. Read more: 3i sells debt management business to InvestCorp The deal, which is subject to regulatory approvals, will see 3i generate proceeds [...]
Wealth manager drafts in TSB chairman to drive future business growth January 3, 2017 One of the key players who oversaw the TSB split from Lloyds Bank will take over as chairman of a City wealth manager with over 150 years of history. Will Samuel will add the role at Tilney Bestinvest to the same position he holds at TSB. Outgoing chair Mike Covell hailed the appointment after six years in the [...]
Germany’s inflation soars to highest since 2013 while France posts steady increase January 3, 2017 Inflation in Germany more than doubled in December 2016 while France also posted an increase, in a sign of further economic recovery in the Eurozone which will be welcomed by the European Central Bank (ECB). German consumer prices soared by 0.7 per cent compared to November, bringing the annual rate of increase to 1.7 per [...]
Ginsters owner to team-up with celebrity-backed Cornish pasty firm January 3, 2017 Baker Greggs' UK pasty dominance is to come under increasing pressure as two of its rivals are set to announce a tie-up as part of a multi-million pound deal. Samworth Brothers, which owns a variety of brands including Ginsters, will announce this week plans to buy West Cornwall Pasty Co – a celebrity-backed firm that was saved [...]