Moulton-backed litigation funder Manolete Partners lines up £100m London listing May 13, 2018 A litigation funder backed by private equity veteran Jon Moulton is planning an autumn listing in London that could value it at £100m. Manolete Partners, which was founded in 2009, focuses on buying legal claims from insolvent companies or providing litigation funding to help creditors to pursue claims themselves. Better Capital boss Moulton owns more [...]
IWG open to talks with private equity firms over potential takeover May 13, 2018 Serviced office firm International Workplace Group (IWG) is understood to be receptive to a full-share takeover after it was approached by three separate private equity firms over a potential deal. Formerly called Regus, IWG is expected to start talking to Lonestar, Starwood Capital and TDR Capital over the potential sale. On Friday, IWG put out [...]
Michael Gove questions deliverability of “flawed” customs partnership proposal May 13, 2018 Michael Gove has become the latest minister to criticise Theresa May’s proposals for a customs partnership, saying the arrangement has “flaws” and “needs to be tested”. While refusing to denounce the customs partnership as “crazy'” as foreign secretary Boris Johnson did last week, Gove did tell the Andrew Marr show: “Because it is novel, because [...]
Here are the UK’s ten wealthiest people according to the Sunday Times rich list May 13, 2018 Jim Ratcliffe, the CEO of chemicals giant Ineos, has been crowned the UK’s richest man. The self-made chemicals tycoon from Failsworth, Greater Manchester, is now worth £21.05bn, up by £15.3bn from last year. Every year the Sunday Times rich list looks into the wealth map of Britain. The project, which logs the wealth of the [...]
Players Championship prize money 2018: How much can players win after “fifth Major” boosts prize pot to record level? May 12, 2018 The Players Championship’s unofficial status as golf’s fifth Major will be further enhanced this weekend at TPC Sawgrass where a record prize will be paid out to the winner. Once the richest tournament in golf despite not being one of the four Majors, the Players Championship’s financial offering has fallen behind the US Open in [...]
Elon Musk’s SpaceX successfully launches Falcon 9 Block-5 rocket from Florida’s Cape Canaveral May 12, 2018 Elon Musk’s fledgling aerospace company SpaceX has bounced back from its failure to launch this week, successfully launching its Falcon 9 rocket from Florida’s Cape Canaveral yesterday. The Falcon 9, which is designed to eventually send NASA astronauts into space, was due to launch the day before, but an auto-abort was triggered one minute before [...]
Digital Innovators: what3words and digi.me crowned as the most life changing and market transforming companies May 11, 2018 Two London-based digital companies have been recognised as the best examples of innovative companies which are changing people’s lives and transforming the markets. What3words and digi.me were last night selected as the winners of international law firm Bird & Bird’s Digital Innovators 2018, in association with City A.M. Digi.me, which helps users control who has [...]
How much are W Barcelona’s penthouse suites? May 11, 2018 You might be familiar with the scene in the first Austin Powers film where Mike Myers is spinning on a rotating bed, trying to lure Liz Hurley to sleep with him. That’s the image conjured by W Barcelona’s penthouse suites – unashamedly wacky, flirty, and eccentric. The iconic hotel – which protrudes from the shoreline [...]
Property of the Week: Isle House in the Docklands is a detached period home with gardens and rivers views – but you can walk to work May 11, 2018 Anyone house hunting around Canary Wharf won’t find many, well, houses. Residences within walking distance of the financial district tend to be sky-high apartments nestled in shiny glass towers. That’s what makes this detached, Grade II Listed house in Coldharbour such a rarity. With its own gardens backing on to the Thames, it’s closer to [...]
How much is property in Mayfair? May 11, 2018 Last month, Mayfair knocked Knightsbridge off the top spot as the most expensive place to buy in London for the first time in 10 years. Local agent Wetherells, which commissioned the report from Dataloft, puts this dethroning down to a lack of new homes being built in Knightsbridge, whereas that certainly isn’t the case in [...]