The magic of Macao September 26, 2019 | Sponsored The saying goes that good things come in small packages, and nowhere lives up to this more than Macao, the diminutive Chinese region located on the country’s south-east coast. Measuring at just 13 square miles, it still manages to pack a vibrant cultural punch, with its Portuguese-Chinese heritage creating an eclectic backdrop on which everyday [...]
Ex- Labour MP Luciana Berger to contest London seat for Lib Dems at next election September 26, 2019 Former Labour MP Luciana Berger has said she will contest the north London seat of Finchley and Golders Green in the next general election. The former MP of Liverpool Wavertree will stand for the Liberal Democrats in north London seat, which is currently held by Tory MP Mike Freer. Read more: Ex-Labour MP Luciana Berger [...]
Softbank in talks to invest extra $1bn in Wework September 26, 2019 Softbank is planning to invest an extra $1bn in flexible office space provider Wework, changing a warrant agreement made before the firm delayed its initial public offering (IPO) plans. The Japanese investor originally agreed to pump $1.5bn into the co-working startup, allowing Wework to access the funds next April in return for Class A common [...]
Office Space: The weird and wonderful Shoreditch HQ of tech firm TransferWise September 26, 2019 Tech start-ups are famous – or perhaps infamous – for their idiosyncratic offices filled with ping pong tables and hammocks and games consoles. But what happens when the start-up grows up? This is the position in which TransferWise finds itself: now eight years old, with nine offices around the globe and a total head-count of [...]
Wework likely to postpone listing to 2020 after chief executive steps down September 25, 2019 Wework is reportedly likely to postpone its initial public offering (IPO) until next year after chief executive Adam Neumann stepped down yesterday. Bloomberg reports that the office sharing company is likely to delay its float until 2020, but said nothing had yet been finalised. Read more: Wework chief executive Adam Neumann steps down following botched [...]
PM calls for parliament to face ‘day of reckoning’ through no confidence vote September 25, 2019 Boris Johnson has thrown the gauntlet down to parliament, telling Labour and all the other opposition parties to put down a vote of no confidence in him, to force an election. The Prime Minister called for parliament to face its “day of reckoning”, as Labour MPs shouted “resign” and “you should be in jail”. Johnson [...]
Ebay chief executive steps down September 25, 2019 Ebay chief executive Devin Wenig has stepped down as the online retail giant presses ahead with a potential asset sale. Chief finance officer Scott Schenkel has been appointed as interim chief executive while the board searches for Wenig’s replacement. Ebay said it would continue a strategic review of its assets that began in March. The [...]
Oasis and Warehouse profit rises as retailer mulls cuts September 25, 2019 Oasis and Warehouse Group reported a return to profit in its latest full-year results as the retailer prepares to cut jobs and contracted hours across its store portfolio. The high street chain said this morning that profit before tax was £1.6m, compared to a loss of £10.1m the previous year. Total sales were up 6.5 [...]
Revenues rise at hostel chain Safestay after strong summer September 25, 2019 Hostel chain Safestay reported a jump in revenue following “positive summer trading”, but pre-tax losses climbed following the introduction of a new accounting standard. Safestay revenue rose 24 per cent from £6.5m to £8.1m during the sixth months ending 30 June, while like-for-like sales grew four per cent. Read more: UK hotel profit soars as [...]
Government hints at election, prorogation and Brexit extension September 25, 2019 The Attorney General has hinted that the government may be poised to seek an election for a third time, during a fiery opening session after parliament reconvened. Answering questions in the wake of yesterday’s Supreme Court judgement that the original suspension was “unlawful, void and of no effect”, Geoffrey Cox told MPs the government would [...]