Struggling mattress start-ups Eve Sleep and Simba confirm merger talks August 12, 2019 Mattress start-ups Eve Sleep and Simba confirmed today they are in talks to merge. The two businesses have struggled recently with Woodford-backed Eve suffering a share crash after investors were offered shares at a steep discount during a £15m funding round in December. Read more: Eve Sleep shares plummet after investors buy in for a [...]
Burford Capital alleges ‘market manipulation’ ahead of Muddy Waters short attack August 12, 2019 Burford Capital said it has identified evidence consistent with “illegal market manipulation” of its shares in the run up to a short attack on the company by Muddy Waters. The litigation finance company said it had analysed trading data from the 6 and 7 August with the help of a market manipulation expert, and had [...]
Thomas Cook shares plunge on fresh funding talks as it nears Fosun tie-up August 12, 2019 Thomas Cook shares plummeted this morning as investors digested the news the tour operator is in advanced discussions with bond holders for a £150m cash injection, on top of the £750m rescue deal it is already working on with lead investor Fosun, which would nearly wipe out shareholders. The company’s market value dropped 17 per [...]
Goals Soccer Centres confirms investigation of former execs over accounting scandal August 12, 2019 Troubled five-a-side football operator Goals Soccer Centres confirmed today it is investigating its former chief executive and chief financial officer in connection to an accounting scandal that has rocked the company. Former chief executive Keith Rogers and former chief finance officer Bill Gow had been named in previous press reports as subjects of investigations. Read [...]
Cathay Pacific shares tumble after airline suspends Hong Kong protester August 12, 2019 Shares in Hong Kong airline Cathay Pacific have fallen over four per cent after the airline suspended one of its pilots who had been arrested for protesting in Hong Kong. Read more: Cathay Pacific sacks staff involved in Hong Kong protests Cathay Pacific said it would bar “overly radical” crew members from working on flights [...]
Owlet and the appeal of wearable tech for babies August 12, 2019 Wellbeing is a big business. Technology can now closely track our personal health, with apps and devices to monitor how many steps we take, what calories we’ve eaten, our blood pressure, and even how well we sleep. Fitbits and other wearable gadgets have also exploded in popularity with health-conscious consumers. Is there a limit to [...]
Chill out, take a breath, and don’t worry about wasting time August 12, 2019 Shrimp salad and a gin and tonic for lunch, then back to bed for a snooze. The relaxed recipe for creative genius, as told by Liccy Dahl at a literary event last week, on the work routine of her late husband, Roald. It got me thinking. In a world focused on the need for speed, [...]
Now that the Treasury has stopped making 1p and 2p coins, should we scrap them completely? August 12, 2019 Now that the Treasury has stopped making 1p and 2p coins, should we scrap them completely? Finn McRedmond, a staff writer at Reaction, says YES. The rising cost of living has eroded the value of pennies, while surveys suggest that now over half of them are left lying around unused. And as cash use falls, [...]
We can avoid a no-deal Brexit, if both sides just keep calm August 12, 2019 The Eurozone economy is not looking healthy. The German engine is stalling, global trade tensions will not abate any time soon, and President Donald Trump may soon turn his fire on Europe. China has allowed the renminbi to sink, thereby exporting deflationary pressures. Large economies like Italy, France and Spain are still in no condition [...]
One message resonates across the globe: London is still one-of-a-kind for finance August 12, 2019 As people across the City head off on their travels over the summer holidays, there is no better time to reflect on the exciting opportunities for the UK across the globe as our future trading relationship comes into sharp focus. I have already been fortunate enough in my role as the 691st lord mayor of [...]