Private equity giant CVC drawing up bid for Center Parcs June 5, 2023 Global private equity firm CVC Capital Partners is reportedly drawing up an offer to buy Center Parcs after its current owner Brookfield put the holiday resort chain up for sale last month.
MPs call for dedicated ‘crypto tsar’ as parliamentary schism emerges June 5, 2023 A group of crypto-friendly MPs have called for the appointment of a dedicated “crypto tsar” to oversee plans to turn the UK into a digital asset hub today, as stark divisions emerge in parliament over the future direction and role of the country’s crypto industry. In a new report, the All Party Parliamentary Group on [...]
New car sales are on the up as supply chain issues ease June 5, 2023 Sales of new cars in the UK increased again last month, new figures out today revealed, marking the tenth successive month of sales growth.
BP and Heathrow join new BCC business council pitched as CBI rival June 5, 2023 Top global firms have led the charge to support a new rival to the under-fire CBI lobbying organisation. Energy giant BP, power firm Drax, Heathrow Airport and international hoteliers IHG have become founding members of the British Chambers of Commerce (BCC) business council. The organisation is set to take on the Confederation of British Industry [...]
London based IQ Capital raises $400m to fuel ‘deep tech’ AI and robotics startups June 5, 2023 London-based venture investor IQ Capital has bagged $400m across two funds today as it looks to ramp up its investment in ‘deep tech’ start-ups across areas including artificial intelligence (AI) and robotics.
Amicorp’s fund services arm will float in London and eyes £100m valuation in boost to the City June 5, 2023 Amicorp’s fund services arm will float on the London Stock Exchange this week with plans to raise $6.47m (£5.21m) in new ordinary shares and scale up its IT operations. The Hong Kong-based global management services group said the official price of the IPO will be revealed following a book building process – with the group [...]
Diageo chief Sir Ivan Menezes has emergency surgery before retirement as first female CEO takes charge June 5, 2023 Spirits giant Diageo has announced the appointment of its first female chief executive following the retirement of long-term boss Sir Ivan Menezes, who’s now in hospital. The appointment of Debra Crew as interim chief executive was announced this morning, while its existing chief undergoes emergency surgery. He will formally retire at the end of the [...]
London seals European finance investment crown every year since Brexit June 5, 2023 London is beating away the dire warnings that Brexit would knock it off its perch as Europe’s top finance hive and is even drawing in more investors amid high inflation and interest rates, a new report out today unveils. Foreign investors pumped cash into 46 financial services projects in the capital last year, up from [...]
The Notebook: Andy Coulson on Succession, female leaders and Monday madness June 5, 2023 After five days of ‘spoiler alert’ dodging, I settled down to watch the finale of Succession this weekend. Having caught the odd review headline, I was poised for something special. And yet … why did I find the ending just a bit disappointing? The answer, of course, is simple: It Should Have Been Shiv. Tom’s [...]
Addison Lee drivers hit by Khan’s anti-car policies, chief exec says June 4, 2023 Addison Lee’s chief executive Liam Griffin has hit out at Sadiq Khan arguing that his policies, such as the congestion charge and expansion of ULEZ, are hurting the firm’s drivers. Griffin told Bloomberg that there has been “an agenda to slow London down rather than speed it up.” “When you look at bus lanes, when [...]