Young Londoners ‘held back’ by lack of entrepreneurial role models October 15, 2019 The majority of young people in London may be being held back due to a lack of relatable entrepreneurial role models. Read more: Despite the doom and gloom narrative, female entrepreneurship is on the rise A new survey by Entrepreneur First revealed top business icons such as Lord Alan Sugar and Sir Richard Branson no [...]
Farnborough Airport sales soar to £80m ahead of Macquarie buyout October 15, 2019 Farnborough Airport has revealed that its revenue rose 23.2 per cent to a record £80m last year fuelled by a boost in business travel which saw nearly 4,000 more flights take off and land there than in 2017. According to its accounts for the year ending 31 December 2018, there were 30,729 take offs and [...]
Musical shares: Why Merck Mercuriadis believes the old ones are always the best October 14, 2019 Merck Mercuriadis has a party trick. If you tell the veteran music mogul-turned City slicker your favourite band, he’ll name an older band that influenced them. Like a Spotify algorithm, but in real life. Mercuriadis’s encyclopedic music knowledge is hardly surprising. Over his career he has managed artists including Morrissey, Beyonce and Elton John, and [...]
Sports Direct calls for probe into Nike and Adidas October 14, 2019 Sports Direct called this evening for a competition probe into the market dominance of sportswear brands such as Nike and Adidas. In a statement, the company said top brands “use their market power to implement market-wide practices aimed at controlling the supply and, ultimately, the pricing of their products”. Read more: Corbyn kicks up fresh [...]
Boris Johnson stays mum on Arcuri conflict of interest allegations October 14, 2019 The London Assembly said last night it would not publish the latest letter sent on behalf of Boris Johnson regarding potential conflicts of interest while he was mayor of London. The prime minister was forced to send a letter to the assembly’s oversight committee last week to clarify his relationship with businesswoman Jennifer Arcuri – [...]
Liberal Democrats mayor of London candidate wants to decriminalise cannabis October 14, 2019 City Hall will decriminalise cannabis in the capital under a Liberal Democrats mayor of London. Siobhan Benita, the Liberal Democrats candidate for next May’s mayoral election, said she would decriminalise the drug if elected by creating new guidelines for the Metropolitan Police. Read more: Liberal Democrats mayoral hopeful Siobhan Benita says ‘we can win this’ [...]
Takeover titan and Blackstone boss Steve Schwarzman talks charity, business and life advice October 14, 2019 Private equity does not have a reputation for giving away money: on the contrary, it is an industry known for its hard-headed obsession with turning a profit though buying companies and selling them on. So it comes as something of a surprise to find that the boss of the world’s biggest private equity company, Steve [...]
Hiro Capital launches with €100m fund as it sets sights on gaming boom October 14, 2019 A team of gaming entrepreneurs has set up a brand new venture capital firm to pump €100m (£87.6m) into the booming games and esports industries. Hiro Capital launched today with the aim of targeting what it describes as a funding gap in the market, splitting its investments between creative games studios and industry technology. Read [...]
European direct lending investment on course for record year October 14, 2019 Investment by European direct – or non-bank – lenders is predicted to soar to record levels by the end of the year thanks to an increase in average loan sizes, but the number of deals struck is falling, new research has found. Direct lenders in Europe deployed €22.6bn (£20bn) in the first half of 2019, [...]
The Office Group buys Chancery House for £100m October 14, 2019 Flexible workspace provider The Office Group (TOG) has bought Chancery House in a deal worth more than £100m. The 150,000 sq ft property in Chancery Lane is the co-working group’s largest London property to date. Read more: The Office Group expands into Hammersmith Wework rival TOG bought the block near Chancery Lane and Holborn Underground [...]