WWE chief Vince McMahon sells £75m worth of shares in wrestling company to fund new American football league December 22, 2017 WWE chief Vince McMahon has sold £75m worth of shares in the wrestling entertainment company to fund the creation of a new American football league. Filings with the U.S. Securities and Exchange Commission revealed McMahon sold 3.34m shares in WWE which will be used to fund a separate company – Alpha Entertainment – that is [...]
Christmas comes early for Boris bikes (Santander cycles) as they race through annual hire record December 22, 2017 London’s Santander Cycles, more commonly known to most in the city as Boris bikes, will pedal into the new year with a new record under their seat. Statistics from from Transport for London (TfL) have revealed the communal bikes have raced through annual hire records, with more than 10.3m journeys made on them so far [...]
Bitcoin in Santa slump: Prices plummets to $12,500, capping a big week of losses December 22, 2017 Bitcoin plummeted overnight and with a fresh fall shortly after 7am prices fell as low as $12,500. The cryptocurrency has lost around a third of its value since hitting all-time highs of almost $20,000 earlier this week. Bitcoin slumped to $13,078 shortly after 3am, according to Coindesk, before regaining ground. Then in a fresh dive [...]
City Moves for 22 December 2017 – who’s switching jobs at Pladis, Cobham and Brown Rudnick? | City A.M. December 22, 2017 Today’s City Moves cover snacks, defence and legal eagles. Take a look at these movers and shakers: Pladis Pladis, the global snacking company behind the well-loved McVitie’s and Jacob’s brands, announced yesterday that Jonny Jacobs has moved into the newly created role of strategy director at Pladis UK & Ireland. Jonny, previously head of supply [...]
Looking for a new year’s resolution? Invest in ethical finance December 22, 2017 As a society, we have never been more aware of the impact of our actions. From the food we eat to the cars we drive, our sense of social conscience has never been stronger. In 2016, data from The Vegan Society showed there has been a 360 per cent increase in the number of vegans [...]
Brits brace for Christmas travel trouble with “Frantic Friday” on the roads ahead of series of rail strikes and station closures December 22, 2017 Brits today face the busiest date for travelling on the nation’s roads, at the start of a festive period stacked with travel troubles including rail strikes and numerous station closures. The RAC has warned drivers against travelling today where possible with last-day commuters mixing with an expected 1.25m leisure trips. It has been dubbed “Frantic [...]
Manchester United and City avoid punishment over Old Trafford tunnel fracas December 21, 2017 Manchester United and runaway Premier League leaders Manchester City have avoided punishment over the fracas which occurred in the Old Trafford tunnel after the derby earlier this month. Both clubs were requested by the Football Association (FA) to submit their observations of the incident, which saw water and milk thrown at United boss Jose Mourinho [...]
Eric Schmidt is stepping down as the executive chairman of Google’s Alphabet December 21, 2017 The executive chairman of the board of directors at Alphabet, Google’s parent company, will step down next month, the company said. Eric Schmidt will stay with the company as a technical adviser to the board. In a tweet, Schmidt said: “After ten years as CEO and seven as executive chairman, I can’t wait to dive [...]
I’m out: Dragon’s Den star Julie Meyer has rolled her venture capital firm Ariadne Capital into administration December 21, 2017 Ariadne Capital, the venture capital firm of former Dragon’s Den star Julie Meyer, has been rolled into administration. The UK business rescue and recovery firm Leonard Curtis was appointed as administrator by Meyer herself, who is the majority shareholder and a secured creditor to Ariadne Capital. Meyer told City A.M. that she “appointed the administrator [...]
The FTSE 100 closed at a record high topping 7,600 December 21, 2017 There was plenty of Christmas cheer in the City today as Britain’s blue-chip index rose to an all-time high. The FTSE 100 rose above 7,600 points for the first time, closing up 1.1 per cent at 7,603.98. “The FTSE 100 has rallied strongly today moving above its previous record peak set back in June to [...]