Apollo commits to London with new office to act as ‘hub’ for European expansion April 17, 2023 Apollo is set to open a new office in London as it seeks to continue its expansion into Europe amid a flurry of dealmaking. In a release put out today, the US private equity fund said it will combine its teams in a 88,000 square foot office at 1 Soho Place. The office – which [...]
THG: Beleaguered firm gets buyout proposal from Apollo as share price jumps 38 per cent April 17, 2023 THG’s shares surged by more than a third after the online retail platform said on Monday that it has received a preliminary buyout proposal from private equity firm Apollo Global Management APO.N, without disclosing terms of the proposal. Apollo must announce a firm intention to make an offer by May 15 or walk away, THG said in a statement. [...]
Bitcoin dips below $30k and Ethereum trading flat in line with equities April 17, 2023 Bitcoin is trading close to equities as the SP500 (-0.21%) and Nasdaq (-0.31%) trade flat in the red over the same 24-hour period.
UK aviation industry will be grounded unless sustainability ‘gets more government support’ April 17, 2023 The UK aviation industry warned that economic opportunities created by sustainable aviation technology are at risk without targeted support. Sustainable Aviation, a coalition of aviation groups, claimed the UK risked losing an industry which is estimated to support 60,000 jobs and be worth £10bn in gross value added (GVA) benefits by 2050. The group today [...]
Grand National protests: More than 60 animal rights activists in custody April 17, 2023 More than 60 animal rights activists are in custody after a large number of protesters attempted to gain entry to the Aintree Racecourse track, delaying the start of the Grand National, Merseyside Police said. Officers arrested 118 people on Saturday after scores of activists climbed fences, with at least two fixing themselves to a jump [...]
Aviva injects £150m into VC arm as it commits to funding more tech start ups April 17, 2023 Aviva has pumped a fresh £150m into its venture capital arm today as it looks to buck a funding slowdown and invest in firms that will add to its “customer journey”.
Fashion for change as Pretty Little Thing founder quits to build ‘new brands’ April 17, 2023 Umar Kamani, the founder and chief executive of Pretty Little Thing, is stepping down from the fashion brand after 12 years at the helm. Kamani, who founded the business in 2012 with his brother in his home town of Manchester, said he was leaving the £3.8bn company to explore new challenges and “build new brands”. [...]
Barclays follows Citi, Goldman and Morgan Stanley in cutting 100 investment bank jobs despite rate hike profits April 17, 2023 Barclays will follow Citi, Goldman Sachs and Morgan Stanley in cutting more than 100 investment banking jobs, according to Sky News’ Mark Kleinman. The London-based bank is set to axe the jobs following the industry slowdown in deals and IPOs. The layoffs will be spread across multiple countries and across divisions in the bank, it was [...]
Salon Privé luxury car extravaganza returns to London this week April 17, 2023 Held on the lawns of the Royal Hospital in Chelsea, Salon Privé will host high-end supercars, restored classics, exotic restomods and more.
National Grid needs competition for UK to meet energy ambitions, argues energy boss April 17, 2023 National Grid’s electricity network should be opened up to competition from private companies to speed up connections for new projects.
