Meal delivery service Marley Spoon plans US expansion with €15m Series B funding March 14, 2016 Meal delivery service Marley Spoon has raised €15m (£11.6m) in its Series B funding round, which it aims to use for the launch of its west coast US fulfilment operations. The company, which provides customers with recipes and seasonal ingredients, in exact quantities, to cook at home, has also secured up to €40m in media [...]
European Central Bank boss Mario Draghi is not blind to the circling sharks March 11, 2016 There is a point in Team America, Trey Parker’s epic puppet parody, when UN inspector Hans Blix is trying to convince Kim Jong Il to let him conduct a thorough search for nuclear weapons. “Let me see your whole palace – or else!” says Blix, to which the North Korean despot replies: “Or else…what?” “Or [...]
City Moves for 11 March 2016 | Who’s switching jobs March 11, 2016 BLM Risk and insurance law business BLM has announced the appointment of abuse claims expert Sharon Moohan. Sharon joins BLM’s abuse claims team having overseen €953m (£743m) of redress payments in her role as sole solicitor for the Irish Residential Institutions Redress Board. The board was set up in 2002 to make fair and reasonable [...]
Algy Cluff warns George Osborne must cut taxes and says there needs to be more drilling in the North Sea March 11, 2016 Oil baron Algy Cluff is warning of dire consequences for Britain’s energy future, unless the government takes swift action. Cluff, who pioneered exploration in the North Sea in the 1970s, has added his voice to a growing number of industry figures urging chancellor George Osborne to make significant tax and rebate concessions in his Budget next [...]
Businesses and law enforcement must work closer together to stamp out cyber crime, warn cyber security experts March 10, 2016 Cyber crimes could be better prevented and dealt with if businesses and law enforcement worked closer together, a panel of cyber security experts has urged this evening. Esther George, author and former senior policy advisor for the Crown Prosecution Service, told a roundtable event hosted by access rights management consultancy 8Man: "If [businesses] would share some of [...]
Apple announces new iPhone and iPad event for 21 March March 10, 2016 Apple has sent out the invitations to an event on 21 March, where it is expected to unveil a new generation of the iPad and a smaller version of the iPhone. According to sources the new iPhone will look similar to the iPhone 5s, but will contain updated components. Apple's event will be held the [...]
Activist investor Worldview buys 69.44 per cent of Petroceltic’s debt March 10, 2016 Worldview has bought almost 70 per cent of London-listed, Dublin-based Petroceltic's debt, the company revealed today. Sunny Hill, which is wholly owned by the Worldview Economic Recovery Fund, has bought 69.44 per cent of the group's debt relating to its senior bank facility. Worldview said it had bought the debt "at a significant discount to face value". [...]
Trust London Stock Exchange shareholders to make right decision over Deutsche Boerse bid March 10, 2016 The clock is ticking on what could be the final bourse mega-merger for a very long time. Certainly, if Deutsche Boerse succeeds in its bid to combine forces with the London Stock Exchange, it will create a European behemoth to rival American giant CME group. This outcome would leave the financial world with four enormous [...]
City Moves for 10 March 2016 | Who’s switching jobs March 10, 2016 Funding Circle Global small business online lender Funding Circle has announced that former executive board member of the European Central Bank (ECB) Jorg Asmussen will join the board. Jorg, a German economist and policymaker, has held numerous high-profile positions within the public sector. Prior to the ECB, between 2008 and 2012, he was state secretary at the [...]
Volkswagen US boss Michael Horn steps down six months after the motor company admitted to rigging emissions tests March 9, 2016 Volkswagen has announced that Michael Horn, chief executive and president of the company's US business, is stepping down with immediate effect. Horn is leaving "to pursue other opportunities", the group said. He will be replaced on an interim basis by Hinrich J. Woebcken, recently appointed head of the north American region and chairman of Volkswagen Group [...]
