Metro Bank share price makes further gains after successful bond sale and Vernon Hill exit October 3, 2019 Metro Bank’s share price recovered further gains in its share price this morning following a busy day involving the departure of its controversial chairman and a successful bond sale. Shares in the under-fire lender rose more than five per cent to 240p after the bell this morning, adding to a 26 per cent rise during [...]
Airbnb hires Morgan Stanley and Goldman Sachs to lead stock market listing October 3, 2019 Airbnb is reportedly preparing to hire Morgan Stanley and Goldman Sachs to advise on its planned stock market debut next year. The short-term rental company is considering going public through a direct listing rather than an initial public offering (IPO) in mid-2020, according to Reuters. Read more: Airbnb plots direct listing instead of traditional IPO [...]
Commons to grill Boris Johnson over ‘final offer’ on Brexit October 3, 2019 The Prime Minister will face a grilling in the Commons today, after the government published its “final offer” to Brussels yesterday. Boris Johnson, who also confirmed plans to prorogue parliament for a second time in order to bring forward a Queen’s Speech, enjoyed rapturous applause in front of the party faithful after his conference speech [...]
Notion Capital opens £125m fourth fund October 3, 2019 London-headquartered venture capital investor Notion Capital today announced its fourth and largest fund to date, which will target a final closing value of £125m. Notion, which focuses on European business-targeted software-as-a-service startups, has previously backed the likes of fintech starlet Gocardless, Paddle and self-driving tech firm FiveAI. Notion IV will be aimed at startups around [...]
Jennifer Arcuri blames media ‘attack’ for scrutiny over Boris Johnson relationship October 3, 2019 US businesswoman Jennifer Arcuri has reportedly denied allegations that Boris Johnson helped her to win business grants and a visa. The tech entrepreneur said she was instead the victim of an “orchestrated attack” by media, according to comments in the Daily Mail, which spoke to her in Los Angeles. Read more: Allegations around Jennifer Arcuri [...]
Ted Baker shares crash as retailer swings to £23m loss October 3, 2019 Ted Baker’s share price crashed 25 per cent as markets opened today, following a disastrous set of results that saw it swing to a loss and warn on its full-year results. Investors sold out of the embattled fashion retailer to take shares down almost 28 per cent as it booked a £23m half-year loss for [...]
Imperial Brands CEO Alison Cooper quits after profit warning October 3, 2019 The chief executive of cigarette maker Imperial Brands has announced she will step down from the role. Alison Cooper’s departure comes after the firm issued a profit warning amid regulatory crackdowns on e-cigarettes in the US. Read more: US vaping deaths hit growth at Imperial Brands Last week the company said that a spate of [...]
Politicians live in a social media-driven world. Is this a good thing? October 3, 2019 It’s odd to see a constitutional crisis be upstaged by a disposable cup. Yet that’s exactly what happened at the Conservative party conference this week. Amid the platitudes, lanyards, and infighting, it was a simple receptacle that took centre stage. While TV cameras escorted Boris Johnson through the halls of Manchester Central Convention Complex on [...]
The hurdles holding back home ownership October 3, 2019 There is good news and bad news when it comes to the numbers of first-time buyers in 2019. The good news is that, despite existing homeowners taking a more cautious approach in this uncertain political and economic climate, sales are up almost six per cent compared to this time last year. However, the positive statistics [...]
What do people want? Policies conceived by Dominic Cummings October 3, 2019 One of the criticisms frequently levelled at Number 10’s de facto chief of staff Dominic Cummings is that he has no ideology or long-term vision. Once Brexit is done, it is argued, he will disappear in a puff of smoke and leave Britain to stew in whatever mess he leaves behind. Beyond leaving the EU, [...]