Singapore state fund in talks to buy a stake in OakNorth November 2, 2017 A huge Singaporean sovereign wealth fund is reportedly in talks to snap up a stake in British challenger bank OakNorth. The state’s Government Investment Corporation (GIC) was close to agreeing a deal to acquire 10 per cent of business-focused lender OakNorth, Sky News reported. GIC was said to be buying the stake from Indiabulls, one [...]
Apple share price climbs to a new record high as it smashes expectations November 2, 2017 Apple has edged tantalisingly close to a $1 trillion valuation today as the technology giant’s quarterly earnings blew away expectations, pushing its share price to a new high in after-hours trading. In the fourth quarter, Apple’s revenue rose 12 per cent to $52.6bn (£40.3bn) while the company’s net income increased to $10.7bn, or $2.07 per [...]
New homes on sale this weekend, in London Fields, Richmond, Camberwell and two well-connected commuter towns November 2, 2017 Developments on the market this week Prime Place, Godalming From £375,000 Live close to one of the most prestigious independent schools in the country and a top commuter station. Charterhouse School is less than two miles away from Prime Place, a town centre housing development. A four bedroom penthouse is being unveiled tomorrow (Sat 4) [...]
GVC positions itself as consolidator with disposal of Turkey business November 2, 2017 Shares in London-listed gambling firm GVC slipped today after the company confirmed the disposal of its Turkish businesses. The sale could make it easier for GVC to act as a consolidator in the gambling industry, having previously attempted to buy out Ladbrokes Coral. Headlong Limited and other associated businesses based in Turkey were sold to [...]
The AIMperor’s new clothes: Sosandar and Footasylum notch up share price rises after IPOs November 2, 2017 Two clothing retailers entered London’s junior market today, with shares in both jumping during their first day of trading. Footasylum, the sportswear retailer which is the branchild of JD Sports co-founders John Wardle and David Makin, debuted on the market with a price of 164p per share. They hit a high of 207p and closed [...]
Uber secures six month extension for Brighton licence as council monitors outcome of London row November 2, 2017 Brighton has renewed Uber’s licence to operate for another six months as it awaits the outcome of the firm’s battle to keep hold of its licence in the capital. In a statement, Brighton and Hove City Council announced the decision today after a meeting earlier in the day. Read more: Uber has hired a City [...]
Randgold’s shares have dropped after a weak quarter, but the miner is still set to hit forecasts November 2, 2017 Gold miner Randgold Resources’ share price dropped after it revealed weaker production and profits in the third quarter but said it was well positioned to hit the top end of its full-year guidance. The figures Production fell nine per cent from the previous quarter to 310,618 ounces while profits dropped 41 per cent to $60.2m [...]
EU competition chief Margarethe Vestager welcomes “renewed” antitrust debate in Washington November 2, 2017 There is a “renewed debate” on antitrust issues in Washington, according Europe’s top competition chief Margarethe Vestager. The head of the EU competition watchdog who has made several rulings in regard to US tech giants this year said she has noticed the change on both sides of the political divide, with democrats tabling new proposals [...]
Dave Lewis tells court of tension and disagreement at Tesco at time of his appointment November 2, 2017 Tesco chief executive Dave Lewis gave evidence in the trial against his former colleagues today, as three former executives faced charges of fraud and false accounting. Lewis shone a light on the tensions already present at the supermarket when he was appointed in 2014 in proceedings at Southwark Crown Court today. The former Unilever executive [...]
Heathrow flights diverted as Met Office warns of fog: Flight delays at Heathrow and Gatwick November 2, 2017 The Met Office has extended its yellow warning for fog, affecting London and the south east, and said misty conditions will continue throughout tomorrow morning. Fog is expected to develop over parts of Southern England through Thursday evening and overnight, according to the weather forecasting service. The Met Office said the fog will then “only [...]