AT&T and Time Warner sceptics dial back shares October 24, 2016 Wall Street added its voice to the scepticism surrounding the AT&T’s $85.4bn (£69.8bn) bid for Time Warner yesterday. Shares of Time Warner fell by almost three per cent last night in New York, well under AT&T’s offer of $107.50 a share, while shares of AT&T dropped almost two per cent ahead of last night’s US market close. [...]
Virtual reality startup in talks for fresh funds October 24, 2016 A London-based virtual reality startup is in talks for fresh funding that could value it at over £400m. Improbable – which last year picked up $20m (£13.4m) from Silicon Valley investor Andreessen Horowitz – is locked in talks with potential backers on both sides of the Atlantic, according to Sky News. Its last funding round reportedly [...]
NHS trusts eye £5bn savings in supply chain deal October 24, 2016 The NHS Shelford Group of 10 trusts has inked a deal with software firm Virtualstock to use its supply chain management software. It’s thought the deal will help the group surpass NHS targets of £5bn in savings by 2020. A February report estimated that £5bn is lost in the NHS through waste and price variations every [...]
Activist eyes change at Scottish TV channel October 23, 2016 Scottish television channel STV has become the target of activist investor Crystal Amber. The investor, which recently made headlines by pushing for a sale of Pinewood film studios, has built up an 11 per cent stake in the TV producer. It’s understood Crystal Amber is aiming to buy up to a fifth of STV after [...]
Adobe plans growth despite UK tech slump October 23, 2016 US software giant Adobe is to expand its London office, despite reporting a drop in UK tech sales. Adobe is set to double the size of its current London headquarters, building a new sales office to cover Europe, the Middle East, and Africa (EMEA). The maker of Photoshop recently reported demand for electronics had plummeted [...]
Psychiatric hospital operator to sell its adult services for £400m October 23, 2016 One of the UK’s biggest psychiatric hospital operators Cambian is planning to offload its adult services arm for up to £400m. The company – which runs some 300 hospitals and care homes across the country – has hired bankers at Rothschild to manage the sale. Cambian has revealed it recorded a £3.5m loss for the [...]
Dogs still rule at Metro Bank as it eyes profitability October 23, 2016 Think of us as a retailer, Metro Bank founder, Vernon Hill tells Billy Bambrough Metro Bank founder and chairman Vernon Hill seems to be having as much fun at the opening of the bank’s 43rd branch as he did at the first one six years ago. The first new lender to appear on the British [...]
AT&T draws eye of Clinton with media merger October 23, 2016 The latest US media mega-merger has prompted political concern. Democratic presidential nominee Hillary Clinton wants US regulators to closely scrutinise telecoms giant AT&T’s $85.4bn (£69.7bn) proposed acquisition of Harry Potter and Batman film franchises owner Time Warner. The companies’ bosses announced they had signed the deal late on Saturday night, which is expected to be the [...]
Nintendo hopes newly unveiled console will switch its fortunes October 20, 2016 Japanese gaming giant Nintendo has unveiled what some analysts are calling its last hope for a home console system, called Switch. The firm – which has had mixed success since its big win with its Wii console 10 years ago – will release its next games machine in March next year. The device, shown off [...]
Dual advertising screens set to illuminate Hyde Park underpass October 20, 2016 Roadside advertiser Outdoor Plus has installed two digital screens on either side of Hyde Park underpass. The move comes as companies are increasingly demanding promotions be displayed digitally so they can be altered in real-time and content can be delivered remotely, rather than on a billboard poster. Earlier this month Transport for London (TfL) signed [...]
