Get ready, hipsters: The Night Tube is coming to the Overground with services from New Cross to Dalston starting in December July 3, 2017 It may have taken a loooong time to get here but now the Night Tube is up and running like a… well, like a train. Nearly a year since its launch, the 24-hour night service is being rolled out to the Overground line at weekends, starting with the branch between New Cross Gate and Dalston, [...]
Veteran venture capitalist Jon Moulton is set to power a new £400m energy infrastructure fund July 2, 2017 A sustainable energy and infrastructure investments firm backed by veteran venture capitalist Jon Moulton is set to launch a new £400m fund. Greensphere Capital is considering setting up a new fund that will work on projects including solar farms and power lines. Moulton, the founder of Better Capital, is a non-executive director of Greensphere Capital [...]
Kate Middleton favourite Hobbs approached by South Africa’s Foschini July 2, 2017 South African group Foschini has thrown its hat into the ring to buy Hobbs, the womenswear brand beloved by the Duchess of Cambridge. Hobbs was put on the market by its private equity owner 3i in January for £80m. However, it is thought Foschini is unwilling to stump up the full asking price, the Sunday [...]
SoftBank could be about to make Deliveroo a unicorn with talks of investment from Apple and Saudi-backed Vision Fund July 2, 2017 One of the UK’s star tech startups, Deliveroo, is on the verge of becoming a so-called unicorn, with SoftBank in talks over a potential investment. SoftBank’s Vision Fund, a huge new tech investment vehicle which has already backed several British tech companies, is in discussions to take a stake in the food delivery firm that [...]
Barclays’ EU base after Brexit looks like it will be located in Dublin July 2, 2017 Dublin has been chosen by Barclays as the location for its European base after Brexit, according to a fresh report. The high street bank has agreed terms to rent a bigger office in the Irish capital, the Telegraph reports, having also considered Frankfurt. Read more: Japanese banks to shift London resources to Frankfurt after Brexit [...]
European Central Bank rate setter: Tightening monetary policy? We’re working on it… July 1, 2017 The European Central Bank is mulling a move towards tightening its monetary policy, according to one of the members of its rate-setting committee. Jens Weidmann, also the head of Germany’s central bank, said: “It will hopefully come and we’re working on that, we’re also discussing it.” Markets are keeping a keen eye out for any [...]
British people have forgotten the perils of big government June 30, 2017 The new mantra of the people is “tax more, spend more”, at least according to the British Social Attitudes 2017 findings, released yesterday. For the first time since 2004, more Brits (48 per cent) support government increasing the tax take than support keeping it around the same level (44 per cent). Many are hailing this [...]
Tour de France 2017: Team Sky has full support of the media giant despite a tumultuous year June 30, 2017 Team Sky has the full backing of the executives at the media behemoth despite enduring a year plagued by doping allegations, according to a key director at Britain’s most successful cycling team. Sky has dominated professional cycling in recent years, winning four of the last five editions of the Tour de France, which starts on [...]
The largest ever buyout of a European software company was just announced – and you’ve probably never heard of it June 30, 2017 The largest ever buyout of a software company in Europe was announced yesterday, led by UK-based private equity firm HgCapital. The £4.2bn deal for Visma, a business software developer, saw US buyout house KKR sell the whole of its 31 per cent stake, and Cinven reduce its share by 60 per cent to 17.1 per [...]
Royal Bank of Scotland faces swaps mis-selling claim from Harley Street doctor in High Court June 29, 2017 A Harley Street doctor has emerged as one of the latest small business owners seeking to take Royal Bank of Scotland to court. Dr Robin Lawrence, one of the owners of 96 Harley Street, is understood to be suing the bank for at least £1m over interest rate swaps mis-selling. The psychiatrist claimed that RBS [...]