These are the 20 richest billionaires in tech August 10, 2016 The world's wealthiest tech billionaires have added another $50bn to their wealth over the past year, while titans Jeff Bezos, Mark Zuckerberg and Jack Ma climbed the ranks. Bill Gates retained his long-standing title as the world's richest tech billionaire, the latest rich list compiled by Forbes reveals, despite a $1.6bn decline in his wealth since 2015. Read more: Meet [...]
City Hall has opened talks with Parisian officials as it seeks a series of bilateral business deals August 10, 2016 City Hall has entered talks with French authorities as it seeks to secure collaborative deals with London's peers to boost business. Sadiq Khan's office has been keen to promote London's openness to trade since June's Brexit vote, and now the Mayor's teams are seeking to strike a series of city-to-city deals. Speaking to City A.M., [...]
GMB members want to back Jeremy Corbyn’s rival Owen Smith August 10, 2016 One of the UK's biggest unions has backed Jeremy Corbyn's rival Owen Smith in the bitterly fought campaign. By 60 per cent to 40 per cent, GMB members voted to endorse Smith over Corbyn, The GMB union represents workers on the Trident nuclear programme. Corbyn has repeatedly voiced his view that renewal of the nuclear [...]
Midatech Pharma’s strong sales give its share price a shot in the arm August 10, 2016 London-listed pharma firm Midatech shares have soared today after it reported a 10-fold revenue increase for its first fiscal half. Shares surged by almost 20 per cent after the London market open before paring back gains and are trading around 12 per cent higher at pixel time. Midatech – which is focused on the US after acquiring Nasdaq-listed [...]
Three at 3: Three stories you need to read right now August 10, 2016 We’ve done the legwork for you, and put together the top three stories of the day in bite size form, just to make your life that bit easier. Time for a coffee break? Check out our three at three. Nay, Paris: Strikes galore There’s more bad news on the way, as RMT announced the latest [...]
Aviva’s property fund may be closed for up to eight months due to uncertainty surrounding the Brexit vote August 10, 2016 Aviva's property fund will be closed for six to eight months, meaning investors wanting to withdraw their cash won't be able to do so until next year. In a note issued to investors, Aviva said: "Property sales may be more difficult to execute in the current environment due to market uncertainty. Read more: Aberdeen Asset Management lifts [...]
Wendy’s serves up expectation beating earnings though shares fall on same-restaurant sales miss August 10, 2016 US burger chain Wendy's has beaten bottom line earning expectations, though same-restaurant sales rose less than expected. Shares were down 4.7 per cent in pre-market shortly before the market open. Net income fell to $26.5m (£20.2m), or 10 cents per share, in the second quarter from $40.2m a year earlier. Revenue slid 22 per cent to $382.7 million, mostly [...]
Southern Rail strike called off to allow for fresh negotiations August 10, 2016 The strike on Southern Rail has been called off to allow for fresh negotiations to take place. Acas said that the strike had been called off but Southern said services could still be affected tomorrow. "Southern and the RMT are returning to talks tomorrow under the auspices of Acas. Strike action has been suspended for Thursday [...]
Mick Cash didn’t know this morning how many RMT members voted in the Eurostar strike. He only had to check his own website… August 10, 2016 A total of 55 votes were cast by RMT members in a ballot for strike action against Eurostar, 52 of which said they would be "prepared to take strike action". In a second vote, 48 of the 55 voted that they would be prepared to take "industrial action short of a strike". The information was listed under "ballot [...]
Yuan currency to rule them all: China seeks to boost renminbi August 10, 2016 China has pledged to boost the role of the renminbi in the international economy as the country prepares to take new steps to develop the reputation and more widespread use of its currency. The People's Bank of China (PBOC) said today it was seeking to increase the use of the renminbi as a reserve currency for central [...]