Green Man Gaming lines up £100m London float September 2, 2018 Tech player Green Man Gaming is set to announce its intention to float this week in a listing that could be valued at £100m. The float is expected to reap rich rewards for Green Man’s backers which include lastminute.com co-founder Brent Hoberman, Zoopla boss Alex Chesterman and Moshi Monsters co-creator Michael Acton Smith. Read more: [...]
Danish billionaire to anchor £2bn float of p2p lender Funding Circle September 2, 2018 Billionaire Anders Povlsen – a stakeholder in fashion retailer Asos and City broken Numis – has agreed to anchor an up to £2bn floatation of the peer-to-peer lender Funding Circle. The Danish tycoon has agreed to buy a minimum 10 per cent of shareholding into Funding Circle during its floatation this autumn, when it plays [...]
Billionaire Anders Povlsen to back p2p lender Funding Circle IPO September 1, 2018 One of Britain's biggest landowners is set to buy a shareholding in peer-to-peer lending platform Funding Circle when it floats this Autumn. Danish billionaire Anders Povlsen who also owns stakes in fashion retailers ASOS and Zalando, will buy at least 10 per cent of the company up to a value of £1.65bn, Sky News reported. Read more: The [...]
Eurozone inflation slows in August but misses European Central Bank target August 31, 2018 Inflation in the Eurozone area slowed to two per cent this month, narrowly missing the European Central Bank (ECB) target. The drop of 0.1 per cent from 2.1 per cent in July this year has kept inflation above the ECB goal of just under two per cent. Energy is expected to have the highest annual rate this month at [...]
Buy the company or the product? Consumers understand their favourite brands, so they should buy shares in the firm August 31, 2018 We've all been guilty of being swayed by the hype that surrounds fashionable items. The iPhone X is a perfect example of that. Unphased by the £1,000 price tag, fans pledged their money before the new phone even hit the shelves, while thousands camped outside Apple stores on the day of its release. But let’s [...]
Coca-Cola scoops up Costa August 31, 2018 | City Talk For some time Whitbread CEO Allison Brittain has swatted aside speculation that the company should divest itself of its Costa coffee business saying that it didn’t make sense to do so in the middle of a restructuring program. In April she bowed to investor pressure but said that the process could take up to two [...]
Coco Cola scoops up Costa August 31, 2018 | City Talk For some time Whitbread CEO Allison Brittain has swatted aside speculation that the company should divest itself of its Costa Coffee business saying that it didn’t make sense to do so in the middle of a restructuring program. In April she bowed to investor pressure but said that the process could take up to two [...]
Turkey makes fresh attempt to boost struggling lira August 31, 2018 Turkey has cut tax levels on lira bank deposits today in an attempt to boost the weakened currency. Withholding tax on lira savings of more than a year will be cut from 10 per cent to zero, while tax on deposits of less than a year will be cut to three per cent from 12 per cent. [...]
China is winning the race on cryptocurrency tech patents, despite having banned ICOs August 31, 2018 Chinese firms own more cryptocurrency patents than any other country in the world, despite initial coin offerings (ICOs) and cryptocurrency exchanges being banned there. China owns more than a quarter of the 437 granted and pending cryptocurrency patents currently in existence, according to data released today by Cipher and venture capital firm Beringea. Significantly, the state-owned Bank [...]
Argentina hikes interest rates after peso plunge August 30, 2018 Argentina has hiked interest rates to 60 per cent today after the value of the peso plunged to a record low. The 15 per cent increase follows an urgent call from the government for the early release of at $50bn (£38.5bn) credit line from the International Monetary fund after the currency toppled on Wednesday amid a worsening [...]