Entain: Ladbrokes owner will raise £600m to fund takeover of Poland’s largest bookie June 14, 2023 Ladbrokes owner Entain told markets this morning that it will raise £600m via the placing of shares which will help fund its latest acquisition of a Polish betmaker and other near term deals. The betting giant said yesterday that it would takeover STS Holding S.A – Poland’s largest bookies – in a deal worth £750m. [...]
Ofgem slaps E.On with £5m fine as customers get compensation for poor service June 14, 2023 Power supplier E.On Next has been ordered to pay £5m in compensation to more than 500,000 customers for “unacceptable” call services.
Warhammer-maker Games Workshop set for profits boost after Amazon deal June 14, 2023 Warhammer-maker Games Workshop said it is expecting to post a boost in profits for the the year today as it feels the lift of a blockbuster deal with Amzon signed in December.
Shell super-sizes dividend and ditches oil production cuts June 14, 2023 Shell will ditch a plan to gradually reduce oil production over the coming years and choose instead to “stabilise” production until the end of the decade. The bombshell announcement came in the same market update which revealed a 15 per cent dividend bump-up from the second quarter of this year. CEO Wael Sawan will also [...]
Odey latest: Firms gates funds as it looks to restore reputation June 14, 2023 ODEY Asset Management is shuttering one of its funds and restricting withdrawals from another as it scrambles to contain the fallout of a slew of sexual assault allegation against its founder. The firm has been rocked by allegations from 13 women against Crispin Odey published in an investigation by the Financial Times last week. Odey [...]
The Bank of England has mismanaged this inflation cycle from the get-go June 14, 2023 The Bank of England and Andrew Bailey have botched their messaging, their forecasts and their decisions - and we are paying the price
The Notebook: Neil Bennett on scale-up funding, bounce-back Britain and a Love Supreme June 14, 2023 Roll up, roll up ladies and gentlemen for the greatest sale on earth, a once in a generation opportunity to snap up corporate assets at unrepeatable prices. If you don’t, my (imaginary) new investment firm, Car Boot Capital, will certainly do so. It is a truth universally acknowledged that we are living through a liquidity [...]
UK unveils new arts fund in bid to boost ‘gangbusters’ creative sector by £50bn June 14, 2023 Ministers have unveiled plans to boost the UK’s “gangbusters” creative industries by up to £50bn. The Department for Digital, Culture, Media and Sport (DCMS) has revealed a plan to give a multimillion-pound boost across film, music, fashion and gaming, which could see the arts sectors grow by £50bn by 2030. The ‘Creative Industries Sector Vision’ [...]
LNG fleets to overtake oil supertankers in global gold rush June 14, 2023 There will be more LNG ships than oil supertankers within the next five years, according to the latest findings from Global Data.
Apple remains world’s most valuable brand June 14, 2023 Apple has once again been crowned the world’s most valuable brand, as the tech giant continues to entice customers despite the cost of living crisis. The American phone and tech maker is valued at $880bn (£698bn), figures from Kantar show, down from £947.1bn (£751.6bn) last year which is reflective of inflation and a tough market. [...]
