London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Dixons Carphone’s share price drops 20 per cent on profit warning May 29, 2018 Dixons Carphone's share price fell nearly 20 per cent this morning as the electronics giant warned profit will be 21 per cent lower this year than last year. In a trading update the retailer said pre-tax profits for 2017-18 would be £382m, down from £501m last year. The following year's profit is expected to be [...]
Smell the coffee: Pret A Manger sold after 10 years with Bridgepoint May 29, 2018 Sandwich chain Pret A Manger has been sold by its private equity owners for an undisclosed sum, with reports suggesting it could be as much as £1.5bn. JAB Holdings has snapped up the ubiquitous cafe from its owners Bridgepoint, who have been looking to offload it for some months. JAB is acquiring its stake in [...]
In-demand shared office firm IWG rejects offer from US investor Prime Opportunities May 29, 2018 Shared office space firm IWG has rejected an offer from Los Angeles-based property investor Prime Opportunities, just two weeks after it confirmed it had received offers from a trio of other firms. Prime Opportunities said that it had led a consortium which made a cash offer for the entire business, but that IWG had dismissed [...]
Takeda investors turn up the heat on execs with £46bn Shire takeover opposition May 29, 2018 Takeda's £46bn takeover of London-listed Shire "carries overly high risk", a bloc of investors in the Japanese pharma giant said today. The board Irish-headquartered Shire conditionally accepted an approach from Takeda at the fifth time of asking last month. If completed, the deal would be the largest overseas acquisition by a Japanese firm. Takeda's pursuit [...]
Uh-oh millennials: London is now the second-priciest city in the world for avocados May 29, 2018 The average price of goods overall has dropped in London since Brexit, but avocados will still set you back big time, according to a new study of global cities by wealth manager UBS. The UBS Prices and Earnings report compares the cost of living in 77 cities worldwide, and this year found that Zurich is [...]
The UK risks becoming ‘over-reliant’ on HS2 for national rail strategy, warns transport thinktank May 29, 2018 The UK risks becoming too reliant on HS2 to plug the gap in its national transport strategy, analysts have warned. Transport thinktank Greengauge 21 has said that in order to develop a truly "national" strategy, the UK needs to move away from the “hub-and-spoke” model centred on London to a network that links together upgraded [...]
Top tips for PAs booking business trips May 29, 2018 Getting things right first time is essential when booking a business trip for your boss. Thankfully, our handy guide makes the whole process a cinch. How To Make Booking Your Boss’s Business Trips A Breeze While booking holidays for ourselves is often an exciting and rewarding experience, booking business trips for the boss can often [...]
DLR Srikes across London May 29, 2018 As the Easter getaway begins, London City Airport is working closely with Transport for London (TfL) to mitigate some of the impact on passengers caused by the 48-hour Docklands Light Railway (DLR) strike. Thanks to contingency plans, TfL has been able to operate reduced services since approximately 07.00AM between Canning Town and London City Airport [...]
Brits abroad: the average person in the UK has visited 9.58 countries – 37 per cent more countries than in 2013 May 29, 2018 British people are travelling to 37 per cent more countries on average than compared to 2013, according to a survey commissioned by London City Airport. A YouGov survey on behalf of London City Airport has found that the average Briton has visited 9.58 countries* – up from 7 countries when a similar survey was carried [...]
Invesco is embroiled in a row with its former fund as it refuses to lower management fees May 29, 2018 Invesco is embroiled in a row with one of its former funds, London-listed investment trust Invesco Perpetual Enhanced Income (IPE), after it refused the independent board's request to lower management fees. Invesco announced in April that it was quitting as the investment manager of IPE, after the trust's independent board – headed by chairman Donald [...]