Spotify (SPOT) has finally filed for an IPO, and it’s aiming to raise $1bn February 28, 2018 Spotify, one of the most well-known music streaming services, has finally filed for its initial public offering (IPO). The Sweden-based company is aiming to raise up to $1bn (£726m) through its much-anticipated float on the New York Stock Exchange. According to Spotify, its shares have been trading at up to $132.50 apiece on private markets [...]
EU nationals arriving to the UK during Brexit transition period can stay, says government February 28, 2018 EU nationals who come to the UK during the post-Brexit transition period, after March 2019, will be offered the choice to settle, the government has said. Following the European Commission’s publication of its draft withdrawal treaty this morning, the UK government said in a policy paper that any new arrivals to the UK from around [...]
Samsung Galaxy S9, Nokia 8110, Sony Xperia XZ2, Asus Zenfone 5: The biggest announcements from this year’s Mobile World Conference February 28, 2018 Samsung Galaxy S9 ETA: 16 March £739, samsung.com Place the newly announced Samsung Galaxy S9 beside last year’s Galaxy S8 and you’d be hard-pressed to spot the difference. “Shoot him,” one phone would implore during a climactic fight scene in which you must decide to execute the phone you believe to be the impostor. “I’m [...]
St James’s Place profits climb by a third amid demand for retirement advice and inheritance planning February 28, 2018 Wealth manager St James’s Place (SJP) announced today its profit had shot up over 2017, as the firm saw rising demand from clients for pensions advice. Profit before tax stood at £186.1m, an impressive rise of 32 per cent from the year before. Meanwhile the full-year dividend of 42.86p was up 30 per cent, helping [...]
Lawyer in Lloyds shareholder action asks judge to send “firm message” to bank after “colossal risk” of HBOS acquisition February 28, 2018 Lawyers acting for Lloyds Banking Group investors in a £550m legal action over its handling of the 2008 purchase of HBOS today asked the judge in the case to send a “firm message” over the lender’s “duties to its shareholders”. The High Court heard closing arguments from Richard Hill QC, who is representing around 6,000 [...]
Man Group has smashed through $100bn under management as it reports record inflows and beats expectations February 28, 2018 Asset manager and hedge fund house Man Group has broken through the $100bn under management barrier, as it today reported record inflows over 2017 and results which exceeded expectations. Funds under management swelled by 35 per cent over 2017 to $109.1bn (£79bn), thanks to record net inflows of $12.8bn. Meanwhile Man’s profit before tax flew [...]
England and Scotland avoid punishment over Murrayfield tunnel scuffle February 28, 2018 England’s Owen Farrell and Ryan Wilson of Scotland have avoided disciplinary action after becoming embroiled in a tunnel scuffle prior to Saturday’s Calcutta Cup clash at Murrayfield. Footage emerged of the duo clashing as both teams were returning to their respective dressing rooms following their warm-ups for a Six Nations match which Scotland won 25-13. [...]
Crystal Palace chairman Steve Parish: VAR is “incredibly dangerous” for Premier League February 28, 2018 Crystal Palace chairman Steve Parish has described the potential adoption of video assistant referee (VAR) technology as an “incredibly dangerous road” for football to go down. The Palace part-owner warned that football’s hold on TV audiences could be broken by adding breaks to a game at a time when attention spans are dwindling. “I’m very [...]
Arsenal suffer £23.4m fall in football revenue as Gunners count cost of Champions League exile February 28, 2018 Arsenal have revealed that missing out on Champions League participation for the first time in 21 years led to a £23.4m drop in football revenue in their half-year results. Turnover from football for June to November fell to £167.7m from the 2016 figure of £191.1m, while operating profits from football plummeted to £15.6m from £54.2m. [...]
London weather: Tube lines, London Overground and TfL Rail facing disruption as snow arrives in the capital February 28, 2018 The beast from the east has reached the UK and with snow settling in the capital, there has also been a batch of travel disruption today. Transport for London reported severe delays across several Tube lines, while TfL Rail and London Overground also had delays. By lunchtime, this had improved in some places, though the [...]