Picks of the day: The three stories to read today September 15, 2016 We’ve done the legwork for you, and put together the top three stories of the day in bite-sized form, just to make your life that bit easier. Time for a coffee break? Check out our three at three. Unhealthy high street breakfasts Nipping into the local coffee shop for a quick bite before work may have [...]
Former Tata plant’s steel will help build two London skyscrapers September 15, 2016 Steel manufactured at the former Tata plant in Scunthorpe will be used in the construction of two London skyscrapers, following a deal inked by its new owner British Steel. The plant has agreed to supply a total of 4,500 tonnes of steel to structural contractor William Hare. It will be used in the construction of the 40-storey office tower at 100 [...]
Blockchain startup Ripple raises $55m from Standard Chartered and Accenture September 15, 2016 Blockchain startup Ripple, one of several groups working with banks to create standards for the distributed ledger technology, has landed millions more in funding, with Standard Chartered and Accenture among new investors jumping on board the blockchain bandwagon. The venture arm of Siam Commercial Bank, SCB Digital Ventures, and Japan's SBI Holdings also participated in the $55m [...]
Car repair and Ovenclean owner Franchise Brands polishes off double-digit revenues after August IPO September 15, 2016 Recently-listed international group Franchise Brands posted double-digit turnover in its maiden results today. The figures Franchise's two main brands, DIY disrupters Ovenclean and minor car repair service ChipsAway, traded well in the six months to 30 June, with group revenue rising 10 per cent to £2.5m. Profit before tax nudged up 18.3 per cent for [...]
Worried about your house price after the Brexit vote? Foxtons are going door-to-door to help September 15, 2016 If you've been obsessively searching Zoopla to find out about property prices after the Brexit vote, put the laptop away – London's best loved property experts are happy to come to you in a branded Mini to answer all your questions. Yes, that's right, Foxtons are going door-to-door in London to boost confidence and help everyone understand the post-referendum marketplace. [...]
Before the bell: What you need to know before the US market open September 15, 2016 The Bank of England has conformed to market expectations and held its key rate of overnight interest at 0.25 per cent, while Apple can't cook up iPhones fast enough. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing to a very health rise ahead of [...]
London’s the most expensive place in the world to locate a tech startup September 15, 2016 London is the most expensive place in the world to locate a startup, with the average cost of renting office space in Shoreditch outstripping that of San Francisco, Brooklyn and 19 other tech and creative hubs around the globe, putting at risk the city's potential of producing its very own Google. The cost of renting business space in the [...]
Megabrew: Influential shareholder adviser group Glass Lewis backs £79bn AB InBev takeover of SABMiller September 15, 2016 Global investor advisory group Glass Lewis has backed Anhesuer-Busch InBev's (AB InBev) £79bn takeover of British drinks giant SABMiller. Glass Lewis has urged SABMiller shareholders to vote in favour of the takeover at the company's vote on the deal on 28 September. The group said the cash offer, which has been dismissed by other shareholders [...]
Oil rises but gains limited by returning supply from Nigeria and Libya September 15, 2016 Oil prices ticked higher this afternoon, but the gains were limited by news of returning supply from strife-stricken Opec members Nigeria and Libya. The black stuff was energised yesterday after a better-than-expected set of data showed cumbersome US oil stocks had fallen. But any upwards momentum was limited by expectations for a return of crude supplies from Libya and Nigeria. [...]
McDonald’s gets final bids for super-size sell-off of restaurants to franchise partners in China and Hong Kong September 15, 2016 McDonald's has received final offers from at least three bidders for more than 2,000 of its restaurants in China and Hong Kong that have been put up for sale to franchise partners in a super-sized sell-off. Private equity outfit Carlyle Group has served up an offer with Chinese state group CITIC, while TPG Capital is working with local [...]