Exclusive: Jon Moulton hits out at Sir Stelios for crowd funding exploitation September 14, 2014 Celebrity business leaders may be using crowd funding websites to exploit retail investors, the outspoken private equity guru Jon Moulton claims today. Moulton singles out easyJet founder Sir Stelios Haji-Ioannou as one example of a name using his position to foist over-priced shares on to small investors in his new easyProperty estate agency. [...]
Tour of Britain’s capital finale caps a fine year for UK cycling September 14, 2014 Thousands of people turned out yesterday for the closing stages of the Tour of Britain race in central London. Defending champion Sir Bradley Wiggins was victorious in the first race of the day, the individual time trial. Racers sped along Upper Thames Street as they passed under Blackfriars Bridge and took in views of the [...]
Phones 4u collapses after key partner EE hangs up September 14, 2014 High street mobile retailer Phones 4u has collapsed into administration after being dropped by its last remaining network partner EE. In a statement last night, the group’s private equity owner BC Partners said it had no option but to call in administrators after being informed by EE that it would not be renewing its contract [...]
Scottish independence referendum: Queen hints at support for union and tells Scots to think carefully September 14, 2014 The Queen spoke out for the first time on the Scottish referendum debate yesterday, telling a well-wisher as she left church in Balmoral that voters should think carefully about how they cast their ballot this week. Speaking as she left Crathie Kirk, the Queen said: “I hope that people will think very carefully about the [...]
Cameron vows to hunt down ISIS terror killers September 14, 2014 DAVID Cameron yesterday promised to “hunt down” the Islamic State (IS) terrorist who beheaded UK national David Haines, warning the government would stop at nothing to see justice served. “This is a despicable and appalling murder of an innocent aid worker. It is an act of pure evil,” the Prime Minister said in a statement. [...]
Amberfield: New land classification is answer to UK housing crisis September 14, 2014 The UK’s housing crisis could be resolved quickly if the government added a new land classification to green and brownfield sites, a new report claims. The Royal Institute of Chartered Surveyors (RICS) is calling on ministers to sign up to its proposal for Amberfield, which aims to create a pipeline of “ready to go land” [...]
PwC revenues boosted as UK optimism rises September 14, 2014 REVENUES at PwC rose five per cent to £2.81bn in the last year, as the professional services firm highlighted a big increase in client confidence across the UK in a further sign of strengthening economic recovery. PwC revealed it had seen solid performance and growth across the board of its UK business, with regional areas [...]
Cain Hoy and Sager lead £400m Islington Square development September 14, 2014 The US private investment firm looking to buy Tottenham Hotspur is today revealing another push into the London market with a £400m development in Islington. Cain Hoy, which last week confirmed it is considering a cash offer for Tottenham, is partnering with developer Sager group on a joint venture to develop the 4.5 acre Islington [...]
City offices at their fullest since the crash September 14, 2014 FIRMS are flooding back to London, driving occupancy rates in the square mile back up to their highest rate since the credit crunch struck, a study from TheCityUK shows today. Employment in the City has also hit a post-crash high, and the number of senior staff gaining permission to work in finance is also up. [...]
Microsoft set to disclose $2.5bn Minecraft deal September 14, 2014 Microsoft is expected to announce a $2.5bn (£1.5bn) takeover of Mojang, the Swedish video game developer with 100m players of its Minecraft game, as soon as today. The deal is aimed at pulling users on to the US software company’s mobile platform Windows Phone, which commands only around 2.5 per cent of the world’s smartphone [...]