Hammerson shrugs off retail woes as it treads water on Intu takeover ahead of Klepierre deadline April 5, 2018 Shopping centre owner Hammerson today said it had a strong start to the year despite ongoing challenges for the high street. The firm also provided an update on its proposed takeover of Intu, saying it is holding off on shareholder documents as it awaits the next move from French firm Klepierre. Earlier this month, real [...]
The government’s pride over the Companies House saga completely misses the point | City A.M. April 5, 2018 As headlines go, this one – “Famous names falsely registered as directors at Companies House” – is hardly up there as the most striking. The article told how businessman Kevin Brewer became the first person to be successfully prosecuted for false filings with the Companies House platform. It disclosed how in 2013 he incorporated John [...]
Carlyle buys Hardy’s wine owner Accolade in $1bn deal April 5, 2018 US private equity giant Carlyle has bought Australia’s Accolade Wine, owner of brands such as Hardy’s, for one billion Australian dollars (£550m). Accolade Wine was owned by Australian private equity firm Champ Private Equity, which created Accolade in 2011 after buying two wine businesses from Constellation Brands for £159m. Read more: Lidl’s created a chatbot [...]
Fidessa confirms SS&C and Ion Trading approaches as bidding battle heats up after £1.4bn Temenos takeover proposal April 5, 2018 The firms at the heart of a bidding battle over Fidessa have been named by the UK financial tech firm as Ion Trading and SS&C. The company said earlier in the week it had received fresh offers to rival a £1.4bn approach from Switzerland’s Temenos and today named the firms behind them off the back [...]
Small business funder LDF snapped up by US giant in “first step” of UK expansion April 5, 2018 One of Britain’s biggest independent small business finance providers has been bought by a US alternative investment giant plotting expansion in the UK. LDF, which boasts more than 10,000 clients across a range of business sectors, was today snapped up by White Oak Global Advisors. San Francisco-based White Oak also specialises in the small and [...]
Liverpool 3, Manchester City 0: Reds stun City with first-half blitz but Jurgen Klopp rues failure to go for jugular April 4, 2018 Liverpool boss Jurgen Klopp felt his side missed an opportunity to floor a dazed Manchester City despite the Reds seizing control of their Champions League quarter-final clash with a swashbuckling first-half showing. Five-time conquerors of Europe Liverpool stunned the Premier League champions-in-waiting thanks to 19-minute blitz which saw the Merseysiders strike through Mohamed Salah, Alex [...]
Facebook may shared personal data of 87m people with Cambridge Analytica – not the 50m previously thought April 4, 2018 Facebook today admitted almost 30m more people than previously thought may have had their personal data handed over to Cambridge Analytica. Some 87m, most of which were from the US, may have had information improperly shared. Previously, the social media giant estimated a figure of 50m. Chief technology officer Mike Schroepfer revealed the increased numbers [...]
Legal & General boss Sir John Kingman in line to spearhead audit watchdog probe April 4, 2018 The chairman of Legal & General is on the shortlist to lead an investigation into Britain’s top accounting regulator, according to reports. Sir John Kingman, previously a prominent figure in Whitehall as Treasury second permanent secretary, is among those being considered to spearhead a review of the Financial Reporting Council (FRC). The candidate could be [...]
Facebook CEO Mark Zuckerberg to testify before US congress in Washington April 4, 2018 Facebook boss Mark Zuckerberg is set to testify before the US House Energy and Commerce Committee next week. The committee said it will be examining the misuse of data by political consulting firm Cambridge Analytica during the US 2016 election. The social media giant has come under fire after it was revealed that Cambridge Analytica [...]
Spotify share price drops on first day of trading on Wall Street April 4, 2018 Shares in music streaming service Spotify dropped off in its second day of trading on Wall Street, following a strong opening performance yesterday. Spotify shares opened at $165.90 (£118), but by early this afternoon, the price had dropped 15 per cent to $140. Spotify’s opening listing was 34 per cent higher than its initial set [...]