Quindell admits it got its sums wrong on Slater & Gordon deal to the tune of £13.5m following share suspension April 1, 2015 The mystery of this morning's decision to suspend trading in Quindell shares has been solved, after the troubled insurance claims processor admitted it had understated the amount its professional services division contributed to the company, to the tune of £13.5m. Shares were restored this afternoon after the company posted a statement several hours after its [...]
April Fools’ Day 2015: The best (and worst) jokes from BMW, Sun Life, Confused.com, Richard Branson and the London Eye April 1, 2015 Alright, so this year the various political weirdnesses (Joey Essex interviewing Nick Clegg, anyone?) have caused an air of ridiculousness to hang over Westminster for several weeks now – but outside the London bubble, the once-a-year gag fest that is April Fools' Day has kicked off in earnest. Here are some of the best (and [...]
Quindell suspends trading in its shares on Aim April 1, 2015 Quindell has suspended trading in its shares on Aim "pending an announcement", it said today. The London Stock Exchange issued a notice saying it had taken the decision to cancel 126 trades made between 9.40am and 9.42am, equating to a volume of 403,512. UPDATE: Quindell shares resume trading, mystery of share suspension is solved Shares [...]
Challenger bank Shawbrook prices shares at top of range on IPO April 1, 2015 Challenger bank Shawbrook may be late to the IPO party, but that hasn't prevented it from getting its flotation off to a running start, after it priced shares at 290p each, near the top of its range of 255p-305p on its first day of conditional trading. The pricing valued the bank at £725m, raising £90m [...]
Facebook makes new friends as it doubles its London HQ March 31, 2015 Silicon Roundabout? What Silicon Roundabout? Far from fleeing to the east, Facebook has just doubled its capacity at its Euston Road headquarters, signing a lease for the top seven floors of Regent's Place. The Evening Standard reported the social media company has taken 65,000 sq ft – which is also the London base of Manchester City [...]
James Bond studio Pinewood announces £30m fundraising to double its capacity March 31, 2015 It's the studio where James Bond has battled villains, Harry Potter has cast off his muggle side and Superman has proven, once and for all, that he's definitely not a bird or a plane. Now Pinewood Studios in Buckinghamshire has announced plans for a £30m share issue to raise funds to help it build extra [...]
UK exports: Venezuela is the riskiest place in the world to do business – while Norway is the most resilient March 31, 2015 Expanding abroad is a big step for any business – and that's without added risks from geopolitical instability and dodgy dealers, not to mention natural hazards. Now a new "resilience index" by property insurer FM Global has identified the riskiest places in the world to do business – taking into account factors ranging from corruption, [...]
James Dyson launches new Pure Cool air purifier in China March 31, 2015 There's always a certain amount of excitement when Dyson launches a new product, although on the surface, Sir James' latest offering is less exciting than usual: an air purifier that looks almost exactly like one of its full-sized household fans. But, as has now become expected of Dyson, it's the invisible technology that counts: in [...]
General Election 2015: Labour might have a four-point lead in the polls but Conservatives are favourites to win at the bookies, with odds of 1/2 to get the most seats March 30, 2015 Labour may have made a surprise gain of four points in the polls over the weekend, but the Conservatives are firm favourites to get the most seats at the bookies, Ladbrokes said today, with odds of 1/2 as the campaigns kick off. Meanwhile, Labour's odds have shortened in the last 24 hours, from 7/4 to [...]
Tube closure, rail disruption and roadworks: Everything you need to know about the Easter bank holiday London travel disruptions at Euston, Paddington and Liverpool Street March 30, 2015 It looks like this weekend is set to be another classic London bank holiday, with miserable weather and even more miserable transport. As well as the usual weekend Tube closures and roadworks – which run from Friday until Monday – works are due to take place at many of the capital's main stations. Remember National [...]
