The sharing economy is about building a sustainable future March 3, 2020 For those unaware of what the sharing economy is, just look to your phone. Whether it’s renting someone else’s home for a holiday, borrowing a designer dress, or sharing a car with strangers, peer-to-peer platforms are allowing us to trade our spaces, skills and stuff, all at the click of a button. Right now, 5.3m [...]
The private sector can be the engine of the low-carbon revolution March 3, 2020 When Al Gore made An Inconvenient Truth in 2006, he pointed to the fact that the Chinese characters for “crisis” signify both “danger” and “opportunity”. In the years since, the conversations around tackling climate change have often been framed by what industries and governments stand to lose in the immediate future by acting. Advocates have [...]
Startups clash with watchdog over digital merger regulation March 3, 2020 British startups have been plunged into a bitter war of words with the competition watchdog as the two sides clash over how major tech mergers should be regulated. Industry body the Coalition for a Digital Economy (Coadec) has penned a scathing letter to chancellor Rishi Sunak warning that the Competition and Markets Authority (CMA) risked [...]
McLaren confident despite coronavirus sales hit in China March 3, 2020 McLaren boss Mike Flewitt has told City A.M. that the supercar manufacturer “probably won’t achieve [its] yearly goal for sales in China” due to the coronavirus impact. However, despite the knock-on effect, he said that the luxury car maker would “still achieve a reasonable level of sales”. Flewitt added that he was more concerned about [...]
Want to help Australia after the bushfires? March 3, 2020 | City Talk New extended working holiday visas for visitors to help with the recovery from the Australian bushfires If you’ve been shocked by the extensive devastation in Australia following the bushfires, you may be thinking about how you can help. When it seems like the rain will never stop in the UK, some time out travelling Australia [...]
Huntsworth shares soar as private equity firm agrees £400m takeover March 3, 2020 Shares in healthcare and communications group Huntsworth skyrocketed today after a US-based private equity firm said it has agreed a takeover deal worth roughly £400m. Clayton, Dubilier & Rice (CD&R) today said it would pay 108p in cash per share in Huntsworth, which provides marketing services to healthcare clients. The offer represents a 50 per [...]
Dixons Carphone shakes up executive team March 3, 2020 Dixons Carphone has announced a shake up of its executive team, as its chief operating officer steps down after 11 years at the company. Alan Ritchie will leave the business in June, and chief digital officer Mark Alsop will take on chief operating officer duties alongside his current role from 4 May. Dixons Carphone also [...]
Crossrail 2 business case passes major Department for Transport hurdle March 3, 2020 The business case for Crossrail 2 has been given preliminary approval by the Department for Transport (DfT), bringing the project closer to a decision on its final fate. The latest business case for the new north-south Tube line was submitted to the government by Transport for London (TfL) in June last year. It includes details [...]
Aggreko results in line with last year with a good outlook going forward March 3, 2020 Shares in back-up power generator company Aggreko jumped more than seven per cent this afternoon after it said it’s on track to meet targets for 2020. Although group revenue fell eight per cent from £1.7bn in 2018 to £1.6bn in 2019, profit after tax increased from £125m to £129m for the 2019 financial year. Final [...]
Travis Perkins returns to profit despite ‘challenging market’ March 3, 2020 Building materials business Travis Perkins said today it had swung to a profit in 2019. It said operating profit was £232m, compared to a £22m loss last year. Adjusted operating profit rose 7.8 per cent to £442m, despite a “challenging market backdrop”. Revenue grew 3.2 per cent to £6.9bn, with like-for-like revenue growth of 3.8 [...]