US market braces itself for US-China trade talks February 12, 2019 | City Talk This week marks a resumption of trade talks between China and the US, so expect to see movement on the US equity markets as the headlines hit. Preliminary talks began on Monday and saw the US team fly to Beijing to try and close the gap – and tension – between the two nations when [...]
Clash of Clans maker Supercell reports second consecutive year of falling profits February 12, 2019 Mobile gaming firm Supercell has posted falling sales and profits for a second year running, reporting a 26 per cent drop in income as its bestselling titles fail to age gracefully. The Finnish firm, which was the brains behind viral iPhone games Clash of Clans and Clash Royale, was last valued at $10bn (£7.8bn) in 2016 [...]
Breaking down barriers: Politics and business are crying out for ambitious women’s brilliant ideas February 12, 2019 Politics used to be a man’s game: in the early 20th century, parliament was a club to which women were not invited. Laws were made by men, for men. Gladly, things have changed beyond recognition. We now have our second female Prime Minister, while 2017 saw a record number of female MPs elected. Read more: [...]
EU could collapse like the Soviet Union, warns financier George Soros February 12, 2019 The EU will “go the way of the Soviet Union” unless pro-Europeans rise up and defend the project, billionaire financier George Soros has warned. Reflecting on the implications of Brexit and other anti-EU movements rising on the continent, Soros claimed Europe is “sleepwalking into oblivion". Soros has poured at least £500,000 into anti-Brexit group Best [...]
London’s iconic department store Liberty ‘seeks £300m sale’ February 12, 2019 London retail landmark Liberty department store could be set for new ownership for the first time in nearly 10 years. Its largest shareholder, private equity firm Bluegem Capital Partners, has reportedly hired UBS to look into potential buyers for the business. Read more: West End property giant Shaftesbury posts 'resilient' retail demand The company, which [...]
Sadiq Khan announces shakeup of severance pay for departing TfL staff February 12, 2019 Sadiq Khan has announced a shakeup of Transport for London (TfL) pay agreements after £51m was paid out to departing staff last year. City Hall has said it will reduce notice periods, in which those made redundant can claim pay, from 12 months to six months for future managing directors and from six months to three [...]
Carney: Brexit could be the ‘acid test’ for a new global order and agreement must be reached February 12, 2019 Britain’s departure from the EU could be the “acid test” for a new global order, Mark Carney said today as he urged politicians to find a Brexit solution in the coming weeks. The Bank of England governor said Brexit had global implications and its outcome could determine whether international cooperation could exist alongside rising protectionism. [...]
Aim-listed startup Loop Up’s share price climbs as profits beat expectations February 12, 2019 Shares at audio conferencing provider Loop Up rose almost nine per cent today as it told investors that profitability is “comfortably ahead” of expectations. The London-listed software firm added that revenue was in line with analyst forecasts in today's trading update for its 2018 financial year. Read more: Trade skyscrapers on a real estate stock exchange [...]
Viventi in £100m UK build-to-rent investment after appointing FirstPort at partner February 12, 2019 US investor Viventi has said today that it is planning to inject £100m into the UK’s growing build-to-rent (BTR) market. In a bid to cash in on the rising demand for homes built specifically with a view to being rented out and professionally managed, Viventi Capital Management is moving into the UK properry market with [...]
IAB urges ‘clickhead’ advertisers to review their strategy for measuring campaigns February 12, 2019 The Interactive Advertising Bureau (IAB) today called on brands to stop using click-through-rates to measure the effectiveness of online adverts. In a light-hearted letter to hundreds of advertisers, the IAB called out brands for becoming “clickheads” by relying too heavily on so-called vanity metrics. Read more: Legal complaint shows Google's use of 'intimate' data for [...]