London blockchain startup Cobalt nabs investment from the Singapore Exchange May 4, 2018 Cobalt, a London-based startup which is aiming to shift foreign exchange (FX) markets onto blockchain technology, now has Asia’s largest currencies exchange on board. The Singapore Exchange (SGX) today made a “strategic investment” in Cobalt, which aims to use distributed ledger technology (the tech behind bitcoin and blockchain) to improve firms’ infrastructure and risk management. [...]
Sports Direct’s Mike Ashley has blamed a former MP for a drop in the firm’s share price May 4, 2018 Mike Ashley has accused former MP Iain Wright of slashing millions off Sports Direct’s share price and sparking a rash of assaults on the retailer’s staff, according to reports. The allegations were part of a formal complaint to the Parliamentary Commissioner for Standards lodged earlier this week. The firm blames Wright for the “media circus” [...]
Giro d’Italia 2018: Could a Comcast takeover spell the end for Team Sky’s sponsorship? May 4, 2018 This Friday, Chris Froome embarks on his mission to win the Giro d’Italia and achieve his third successive Grand Tour victory with Team Sky, majority owned by Sky Plc. Sky Plc, meanwhile, is in the middle of a bidding war between owner 21st Century Fox and Comcast with a takeover seemingly imminent for a reported [...]
Champions League and Europa League revenue: How much prize money and TV income will triumphant Liverpool, heartbroken Arsenal receive? May 4, 2018 Liverpool are in line for a €74m (£67.8m) windfall after reaching their first Champions League final for 11 years. Arsenal, meanwhile, stand to receive around €40m (£35m) after being dumped out of the Europa League in the semi-finals last night by Atletico Madrid. Jurgen Klopp’s side could even earn as much as €78m should they [...]
Tesla boss Elon Musk defends move to dodge analyst’s questions after brusque responses further share price falls May 4, 2018 Tesla boss Elon Musk has defended his decision to dodge questions posed to him by analysts after revealing a record $710m (£523m) loss, after his firm’s share price appeared to suffer as a result. More than $3.4bn was wiped off the value of the Californian car company after it posted results showing it had burned [...]
Global M&A deal values are expected to hit a record high in the first half of 2018, says Deloitte, as the total has already bombed through $1.7bn May 4, 2018 A new record could be made in the first half of 2018, according to accountancy firm Deloitte, as the value of global mergers and acquisitions (M&A) is set to soar to new heights. The value of deals announced in the first four months of 2018 has already surpassed $1.7bn (£1.3bn), the highest since total for [...]
Wembley sale: FA heads called to parliament to explain proposed £800m stadium sale to Shahid Khan May 4, 2018 The Football Association (FA) has been called to parliament to explain the proposed £800m sale of Wembley to American billionaire Shahid Khan. Representatives from the FA, Sport England and Digital, Culture, Media and Sport Committee (DCMS) minister Tracey Crouch MP have been asked to attend a DCMS Committee evidence session on “Wembley Stadium and the [...]
Nearly a third of UK CFOs braced to relocate staff away from UK after Brexit May 4, 2018 Nearly a third (31 per cent) of chief financial officers in some of the biggest firms across the UK are gearing up to relocate staff away from the UK because of Brexit, up 10 per cent from summer 2017. The findings appeared in Thomson Reuters’ quarterly Brexit survey of 100 chief financial officers at companies [...]
Ukip spokesman compares party to Black Death… positively May 4, 2018 Ukip’s general secretary has compared the party to the Black Death – but suggested that was a positive thing. The far-right party has suffered the most in the local elections, losing 92 seats to leave it with just two across the whole of Britain. Defending the anti-immigration party’s performance Paul Oakley this morning told the [...]
London salary growth is topping the national average – but Glasgow, Brighton are among the cities with faster growth May 4, 2018 Salaries across London grew at a faster rate than in the nation as a whole last month, but wage growth in the capital was not nearly as high as some other areas of the UK. Fresh research from job site CV-Library found advertised salaries grew two per cent year-on-year in the UK, while salaries in [...]