Profits crash again as ‘frail’ McCarthy & Stone outlines plan to cut costs November 13, 2018 Profits collapsed at retirement housebuilder McCarthy & Stone today as it posted its full year results. Profit before tax fell 37 per cent year on year to £58.1m, down from £92.1m in 2017, as the housebuilder blamed a rise in building costs, rising operating costs, as well as extra marketing to promote its latest homes. [...]
Take note of Ada Lovelace and the gender leadership gap November 13, 2018 Who was Ada Lovelace? She could soon be the face of the Bank of England’s new £50 note. Lovelace – the world’s first computer programmer and collaborator with the celebrated inventor Charles Babbage – is just one of the many women who have historically been under-recognised for their great achievements. The British public is keenly [...]
Five FTSE 350 firms still have all-male boards, Hampton-Alexander Review finds November 13, 2018 Just four FTSE 100 companies' boards feature at least as many women as men, a government-backed review found today. A total of five British FTSE 350 firms still have only male board members and one in four have only appointed one woman, figures contained within the Hampton-Alexander Review showed. But the review, led by Glaxosmithkline chairman [...]
City Moves for 13 November – who’s switching jobs at 23 Capital, Ayming and Howard Kennedy? November 13, 2018 Who’s switching jobs today? 23 Capital 23 Capital, a leading capital and solutions provider to the Sports, Music and Entertainment (SM&E) sectors headquartered in London, has announced the appointment of Jack MacDonald as the Head of Music and Entertainment Origination for the UK. Jack joins 23 Capital’s global team of music and entertainment specialists who [...]
Fintech startup Revolut is in talks to raise $500m from Softbank November 12, 2018 British fintech startup Revolut is raising a $500m (£389m) series D round from the likes of Japanese mega-investor Softbank, in order to fuel its aggressive expansion plans. Several sources have told City A.M. that the deal is set to close early next year, as Revolut tries to launch its banking app in the US, one of [...]
Aberdeen Standard overhauls Asia small companies fund November 12, 2018 Aberdeen Standard has overhauled the structure and branding of its £486m Asian Smaller Companies Trust. Hugh Young has been appointed as the fund manager of the renamed Aberdeen Standard Asia Focus and Charlotte Black and Deborah Guthrie will join the board. The dividend policy will remain the same, the firm said, and the number of holdings in [...]
Stop blaming Brexit for a brain drain November 12, 2018 Brain drain. Talent drain. The only thing that is truly draining ahead of March 2019 is hearing tech leaders use Brexit as an excuse for not being able to build a great team. As any founder knows, staff are the beating heart of the company and the most vital asset that you have. Tech Nation’s [...]
Venture capital investor Beringea leads $10.5m funding round for online platform Festicket November 12, 2018 Online booking platform Festicket has raised $10.5m (£8m) from a series d funding round led by transatlantic venture capital firm Beringea. Other partners in the round include mobility and travel specialist InMotion Ventures, Channel 4’s commercial growth fund, Lepe Partners, U-Start and former Spinnin’ Records chief executive Eelko Van Kooten. Beringea's investment director Eyal Malinger will join the [...]
Weapon of choice: How nutrition brand Grenade has exploded into the market November 12, 2018 Grenade is the kind of brand that just appears out of nowhere – you blink and suddenly the products are a staple stock in shops around the country. For those who have somehow missed the craze, Grenade is a food company specialising in healthy snacks – and now you’ve heard the name, you’ll probably start [...]
City Moves for 12 November – who’s switching jobs at UHY Hacker Young, Panmure Gordon and McCarthy Denning? November 12, 2018 Who’s on the move today? UHY Hacker Young UHY Hacker Young, the national accountancy group, has appointed Myles Jacobson as partner in its Turnaround & Recovery team in London. Myles has over two decades of experience working in insolvency and restructuring and joins from specialist business recovery practice Streets SPW, where he was a partner. He [...]
