Andrew Sabisky: Johnson adviser quits after backlash over eugenics and race comments February 18, 2020 An adviser to Prime Minister Boris Johnson quit on Monday saying “media hysteria” about his old online posts meant he had become a distraction. Andrew Sabisky came under scrutiny after details emerged of his views on a range of subjects. He had previously discussed the benefits of forced contraception, said that data showed the US [...]
Angling Direct blames bad weather for disappointing performance February 18, 2020 Despite strong growth and expansion in the last year, bad winter weather have dented Angling Direct’s profits. The figures Angling Direct have announced a 41.3 per cent increase in in-store sales to £27.9m, and expects to report revenue of £53.1m. Online sales grew 13.3 per cent to £25.2m as Angling Direct focused more on its [...]
Ocean Outdoor increases revenue amid European expansion February 18, 2020 Ocean Outdoor’s acquisition strategy and expansion into six new countries last year has paid off as it posted a double-digit rise in revenue. The figures Ocean Outdoor’s group revenue increased 13.5 per cent to £141.3m, while Ocean UK and Ocean NL revenues combined are up 14.3 per cent to £98.3m. Adjusted EBITDA was up 10.5 [...]
Coronavirus: British couple on board cruise test positive for virus February 18, 2020 A British couple on board the cruise ship quarantined off the Japanese coast have tested positive for the coronavirus. David and Sally Abel announced the news on their Facebook page, saying they were being taken to a hostel “with no medical facilities”. It comes as the Foreign and Commonwealth Office (FCO) announced it is working [...]
US private equity snaps up UK companies on the cheap February 17, 2020 The total value of acquisitions of UK companies by US private equity funds jumped 53 per cent last year to £19.9bn. According to a report by law firm Mayer Brown, the depressed valuations of UK companies versus their European peers has made them look to be good value for funds. The period of Brexit uncertainty, [...]
When is the UK Budget 2020? February 14, 2020 The UK Budget 2020 is due next month but after the shock resignation of Sajid Javid this week the government may be forced to delay the date. The official date for the Budget 2020 is 11 March but the government so far has not confirmed it will go ahead after the reshuffle which saw Rishi [...]
Labour MP self-isolates after attending conference with coronavirus patient February 14, 2020 A person diagnosed with coronavirus in the UK attended a conference near parliament last week along with 250 other delegates and Labour MP Alex Sobel. The patient attended the UK Bus Summit at the QEII centre on 6 February, according to Sky News. Among the speakers listed were Baroness Vere, Nusrat Ghani who lost her [...]
German economy flatlines as eurozone growth hits seven-year low February 14, 2020 Growth in the Eurozone grew by only 0.1 per cent in the last quarter, dragged down by weakness in its three largest economies. The German economy stagnated in the fourth quarter, while France and Italy contracted 0.1 per cent and 0.3 per cent respectively. Statistics body Eurostat reported that the 0.1 per cent growth is [...]
Suspended NMC Health vice chair resigns amid legal review February 14, 2020 NMC Health announced today that vice chair Khalifa Butti Omeir Bin Yousef has resigned with immediate effect amid a legal review. Earlier this week, the Financial Conduct Authority (FCA) confirmed it had launched a probe into the embattled hospital operator after the company announced it was seeking clarification from major shareholders over the size of [...]
GCA Altium acquires Stella EOC in expansion into entertainment February 14, 2020 Investment bank GCA Altium has announced it will acquire Stella EOC, a technology and media investment banking boutique. The strategic acquisition will strengthen GCA’s technology practice and add to its expertise in the entertainment space. GCA have previously advised on some deals in the entertainment sector, such as the sale of 33 per cent of [...]
