Nightclub operator Deltic prepares for night on the town as IPO plans are put back on the table April 8, 2018 Nightclub operator Deltic has put plans for a public market float back on the table, mulling a capital markets day for later this month. The capital markets day would allow Deltic, which operates under brands such as Pryzm and Steinbeck & Shaw, to woo investors and gauge appetite for an initial public offering (IPO). Deltic [...]
How gyms are filling spaces left vacant by retailers and restaurants around London April 8, 2018 Exercise is basically the new clubbing. At least, that’s what Casey Phillips, a property agent at Shelley Sandzer, tells me as we’re discussing why the fitness industry is currently booming. “Instead of getting drunk, you do a class together,” he says. “You just feel incredible afterwards.” The wellness and fitness industry is estimated to reach [...]
Five traders from Barclays and Deutsche Bank to appear in first Euribor-rigging trial tomorrow April 8, 2018 The first trial into manipulations of the Euro Interbank Offered Rate (Euribor) will kick off tomorrow as five former traders stand accused of manipulating the Brussels-based benchmark at the height of the financial crisis. Four former Barclays traders – Philippe Moryoussef, Carlo Palombo, Colin Bermingham and Sisse Bohart – and ex- Deutsche Bank trader Achim [...]
Guest’s notes: Claire Fox on sugar taxes, gender ratios, comedy clubs and free speech April 8, 2018 Hope you had a happy sugar tax day. If you’re a joyless public health campaigner, you’ll be cheering. But if you’re a drinks company, there’s less reason to be cheerful: you’ll now be forced to pay between 18p and 24p for every litre of sugary drink containing more than 5g of sugar you produce or [...]
Lovefilm founder Simon Franks reportedly behind £50m push to found new centrist party April 8, 2018 The multimillionaire founder of the Lovefilm film rental service is running a £50m project to start a new political party, according to reports. Simon Franks, who co-founded the DVD rental and streaming service before it was sold to Amazon in 2011, is the director of a company, Project One Movement for the UK, which will [...]
Stopping gazumping to lead new estate agent crackdown by government April 8, 2018 The government plans to clamp down on the practice of “gazumping” by estate agents among multiple measures announced today in a bid to improve the property market for consumers. Estate agents will also be required to hold a professional qualification and be transparent about fees for referrals to solicitors, surveyors and mortgage brokers. The moves [...]
Mayor of London Sadiq Khan calls summit on violent crime as 300 extra police officers hit the streets April 7, 2018 The mayor of London has called a meeting with the home secretary Amber Rudd as well as London MPs, council leaders and assembly members over violent crime as an extra 300 Met Police officers were deployed across the city. Sadiq Khan arranged the City Hall summit for Tuesday after six people were killed in the [...]
Facebook suspends Brexit-linked Canadian firm AggregateIQ over connection to Cambridge Analytica April 7, 2018 Facebook has suspended another data firm from its platform over reports that it is linked to political consultancy Cambridge Analytica. Canada’s AggregateIQ was suspended after Facebook revealed some 87m users may have had their personal data improperly shared with Cambridge Analytica, including 2.7m EU-based users of the social network. “In light of recent reports that [...]
Aston Martin to appoint three banks to prepare £4bn IPO April 7, 2018 Luxury carmaker Aston Martin is lining up three banks to manage a floatation that could value the firm at between £4bn and £5bn, according to reports. The firm, a favourite of the fictional spy James Bond, is set to hire Deutsche Bank, Goldman Sachs and JP Morgan to prepare a possible London stock market listing, [...]
Facebook will now verify major page owners and advertisers in an effort to combat fake news April 7, 2018 Facebook is launching a new initiative to combat fake news by requiring verification for large pages and political advertisers. In a Facebook post last night, Mark Zuckerberg said the social media giant will begin to require people who manage “large” pages to be verified. “This will make it much harder for people to run pages [...]