‘The world of Cat TV is more cut throat than you would ever imagine’ – inside the strange business of TV… for cats
Barclays and Lloyds Banking Group reveal PPI balance sheet hit September 9, 2019 Two of Britain’s biggest banks warned of billion-pound costs from a rush of claims for mis-sold payment protection insurance (PPI) today. Barclays revealed after trading closed tonight that it was facing costs of up to £1.6bn following a bigger-than-expected stampede of complaints in the run-up to the 29 August deadline. Read more: How did banks [...]
Blazing success: British cannabis company raises £7.8m in funding round September 9, 2019 A leading British cannabis company has raised £7.8m in a Series A funding round as it prepares to launch an “aggressive strategy” to dominate the budding industry across Europe. Cannaray, which manufactures medical cannabis and consumer cannabidiol (CBD) products, also announced that it had bought Therismos – a company with licences to import, handle and [...]
Chinese car maker Geely invests in flying taxi startup Volocopter September 9, 2019 Geely has hedged its bets on a German startup which hopes to bring flying taxis to cities around the world, as the Chinese firm looks to branch out from its traditional automotive business ventures. The car maker has taken a minority stake in Volocopter, which hopes to bring air taxis to Chinese cities, and said [...]
Speaker pledges to step down on another dramatic day in Westminster September 9, 2019 Speaker John Bercow has confirmed he will stand down as early as tonight, and had a message for those working in Westminster: “We degrade parliament at our own peril”. Intervening in what promises to be a busy afternoon and evening, Bercow told MPs that he would stand down on Monday night if MPs backed Boris [...]
Ferrari powers ahead with two new models as firm chases profit boost September 9, 2019 Italian supercar manufacturer Ferrari lifted the lid on two new cars today as it pushes on with an aggressive roll-out plan designed to keep its recent profit and share price growth in top gear. The so-called prancing horse, long a motor racing icon and household name in luxury cars, unveiled the F8 Spider and 812 [...]
Podcast startup Entale secures £2m backing from Daily Mail September 9, 2019 Interactive podcast startup Entale has received £2m in funding from the owner of the Daily Mail to help expand its AI technology. Entale, which was founded in 2017 by former Conde Nast digital boss Wil Harris, enables audiences to view social media posts, images and product links while listening to podcasts. Read more: Audioboom posts [...]
Nissan crisis: Chief resigns after year of scandal and financial turmoil September 9, 2019 The crisis at Japanese automotive giant Nissan deepened today, after chief executive Hiroto Saikawa was asked to quit by the company’s board. In a sometimes heated late night press conference in Japan, board members confirmed that Saikawa, who had already expressed a desire to leave the top job, would step down. Read more: Nissan chief [...]
Sports Direct’s Mike Ashley makes move for Links of London September 9, 2019 Retail magnate Mike Ashley is hoping to ramp up his high street spending spree after putting in an offer for troubled jewellery group Links of London. The Sports Direct owner is tabling a bid to snap up the retail outlet, according to Sky News, which has reported that Ashley is one of two final bidders [...]
Pro-Kremlin party United Russia loses third of seats in Moscow elections September 9, 2019 Russia’s ruling party lost a third of its seats in a Moscow election over the weekend, suffering at the polls following mass public protests. United Russia, which supports President Vladmir Putin, suffered a string of defeats in the Moscow vote, although it remains on course to retain a majority. Read more: Russia threatens retaliation against [...]
London VC 4BIO raises first tranche of new $150m advanced therapies fund September 9, 2019 London-based venture capital firm 4BIO has completed the first round of fundraising for a new fund focused on the advanced therapies sector, which uses stem cells, genes and tissues to treat chronic medical conditions. 4BIO said the first tranche had attracted over $50m (£40.4m) of capital. The firm is hoping to raise $150m of capital [...]