Sports data firm Guscio launches on Aim after purchasing Sportsdata and Dataplay May 23, 2016 Guscio, a technology company focused sports data has today begun trading on the alternative investment market (Aim) of the London Stock Exchange. The firm has bought two businesses – Sportsdata and Dataplay – for around £2.5m. Guscio purchased the two tech companies by issuing new shares, and also raised £1.5m with a placing of 37.5m [...]
Larger private jet sales soar across the UK in buyers market May 23, 2016 Europe's demand for bigger private jets is growing, new research has revealed. Deliveries of mid to heavy business jets to Europe are up by 18 per cent between 2006-2010 and 2011-2015. There are around 1,691 mid to large private jets in Europe with 15 per cent in the UK, more than any other country in [...]
Commercial development approvals stall in 2016 as lack of finance for small developers bites May 23, 2016 Planning permissions for commercial property developments across the UK hit their lowest level since 2009 last year. The dip has been blamed on a lack of available finance for smaller developers, according to peer-to-peer property funding platform Saving Stream. Large developments have held steady at 2,000 per year since 2010 though the number of smaller [...]
Gibbs’ river taxis take to the Thames May 23, 2016 The days of congested London bridges could be numbered after a technology company showed off its amphibious cars on the Thames this weekend. Gibbs Technologies demoed its range of hybrid cars to potential investors around Canary Wharf. Gibbs claims its vehicles are the first in the world to be able to exceed 30 miles per hour [...]
Crunch week as BHS seeks a fresh start May 23, 2016 BHS hopes to enter a new era this week with the business set to be sold while its administrators prepare a high court complaint against the retailer’s former boss Dominic Chappell. Administrators plan to announce BHS’ new owner in the coming days, with bids understood to have come from Matalan founder John Hargreaves, Poundstretcher, and an [...]
London is bubbling city for wine and spirits industry workers with the second highest employment growth in the UK May 23, 2016 London is the second most bubbling city for workers in the UK's wine and spirits industry, new research has found. Employment levels in the London wine and spirits field uncorked double digit growth of 16 per cent in 2015, according to data released by LinkedIn. London's growth levels were behind only Glasgow, where employment rates grew by 17 per [...]
Think tank’s report slams UK’s obsession with inequality, saying it is based on misconceptions May 23, 2016 The UK's obsession with inequality is in our collective imagination, as many people are far better off than they were just a few decades ago, a report out today argues. The research paper by the Institute of Economic Affairs (IEA) illustrates that income equality has been relatively stable for the last 25 years, while wealth [...]
Steel crisis: Excalibur Steel expected to endorse Liberty House in Tata bidding process May 23, 2016 The management buy-out group Excalibur Steel, which is expected to bid for Tata Steel’s UK assets today, has effectively endorsed another bidder, Liberty House, for the sale. Mostly comprised of former Tata executives, Excalibur will voice its support for the group in its bid, City A.M. understands. This puts commodities investor Liberty House in a favourable [...]
Traditional banks’ dominance of lending market set to continue despite peer-to-peer growth, report finds May 23, 2016 Banks will fight off competition from non-traditional lenders and continue to dominate the borrowing market over the next decade, a Deloitte report has suggested. The firm’s Marketplace Lending report estimates that by 2025 marketplace lenders (MPLs), previously known as peer-to-peer (P2P) lenders, will account for up to around six per cent, or £35.5bn, of the [...]
White-collar prosecutions edged up last year, the first increase in five years May 23, 2016 Prosecutors are cracking down on white-collar crime, with the number of prosecutions inching up for the first time in five years, research out today has found. The study by law firm Pinsent Masons discovered that there were 9,401 prosecutions for white collar crime last year, compared with 9,343 the year before. "Any increase in prosecutions [...]