Palantir founder hits out at claims unicorn startup is struggling May 8, 2016 A founder of one of the world's most highly valued startups has hit back at claims the company is struggling with the loss of clients and staff. Joe Lonsdale, a founder of the secretive startup Palantir along with PayPal pioneer Peter Thiel and others, which boasts the Bank of England as one of its clients, said it was [...]
EU referendum: Now top life science bosses warn of Brexit risk, including GSK, AstraZeneca and Pfizer in open later May 8, 2016 Top bosses at firms such as GlaxoSmithKline, AstraZeneca and Pfizer are among more than 90 leaders in the life sciences who are the latest to warn of the risks of Britain leaving Europe. In a letter, published in the Observer, the group warned of the implications on the sector which employs more than 222,000 people, spends £4bn on research and [...]
Top Gear and Radio Times magazine owner on for £300m sale May 8, 2016 Immediate Media, the publisher of some of Britain’s most popular magazines like Radio Times and Top Gear, is rumoured to be on sale for £300m. According to the Sunday Times, the publisher’s private equity owner Exponent is interviewing advisers for handling the sale that is expected to be completed before the summer. One of Britain’s [...]
Fitness chain Pure Gym in good health as turnover hits £99.5m May 8, 2016 Pure Gym, Britain’s biggest gym operator, has seen its turnover soar from £68.6m to £99.5m following a 50 per cent increase in membership. However profits for the budget chain dropped from £7.5m to £2.6m thanks to exceptional expenses, the latest accounts filed for 2015 showed. The Leeds-based fitness operator, that has 160 gyms across the [...]
EU referendum: George Osborne warns Brexit will hit Britain where it hurts – property prices May 8, 2016 George Osborne has warned that the nation's homeowners face a double whammy drop in house prices and a rise in mortgage costs if Britain votes to leave Europe. "It’s already clear from the Treasury analysis that for example, there would a significant shock to the housing market, that would hit the value of people’s homes, that would hit the cost [...]
Tabernula case jury told no unanimous verdicts needed May 8, 2016 The jury members on a long-running insider trading case were told late last week that they need not reach their verdicts unanimously. The jury on the case, nicknamed Tabernula after the Financial Services Authority and Serious Organised Crime Agency operation which prompted it, has been told that it may give its verdicts with 11 to one or 10 [...]
Panama Papers: Here’s what you need to know ahead of the database release on Monday May 8, 2016 A database packed with information from the Panama Papers leak is due to be released tomorrow, providing authorities worldwide with potentially valuable leads for their investigations. The International Consortium of Investigative Journalists (ICIJ) announced that it would be launching the searchable database about a fortnight ago and wrote in a blog post that the database will contain information [...]
Fitness chain Pure Gym in good health as turnover hits £99.5m May 8, 2016 Pure Gym, Britain’s biggest gym operator, has seen its turnover soar from £68.6m to £99.5m following a 50 per cent increase in membership. However profits for the budget chain dropped from £7.5m to £2.6m thanks to exceptional expenses, the latest accounts filed for 2015 showed. The Leeds-based fitness operator, that has 160 gyms across the [...]
More proof British business is terrible when it comes to cyber security May 8, 2016 Two thirds of businesses in Britain have been targeted by cyber attacks in the past year while a quarter have experienced a security breach at least once every month, new research reveals. But an astonishing half of firms are still not tackling the issue by identifying the risks they face via audit or risk assessments, once again highlighting how unprepared [...]
Sadiq Khan comes out fighting against “Donald Trump” tactics and Labour squabbles May 8, 2016 Newly elected Mayor of London Sadiq Khan has warned that the Labour party needs to stop arguing among itself and focus on the lives of voters while blasting the Conservative's "Donald Trump" tactics. After winning a comfortable majority to give Labour its first election win in City Hall for eight years, Khan said: "It might [...]