Bank appointed for Gamucci’s E-cigarette fundraising round September 29, 2013 E-CIGARETTE firm Gamucci will appoint Canaccord Genuity this week to manage a £20m fundraising round to finance the company’s expansion. The £20m will be the first of two fundraising rounds in which the company intends to raise between £70m and £100m. Gamucci, whose products are sold in WH Smith and Waitrose, expects its e-cigarette sales [...]
British Rail hits end of the line September 29, 2013 PUB QUIZ question: which Prime Minister abolished British Rail and when? John Major in 1994? Nope, the real answer is David Cameron and, er, today. The former nationalised railway service will cease to exist as a legal entity when the clock strikes 12 tonight, bringing an end to 65 years of existence. Although commuters have [...]
Win a breakfast at Hawksmoor September 29, 2013 ON 5 December the NSPCC hosts the Great British Chefs Dinner. To celebrate, we are running a prize draw every week until 28 October based on the gastronomic history of the City. Winners will receive a £50 voucher for breakfast at City icon Hawksmoor. Q: What City public house takes its name from a Samuel [...]
Energy firms in talks to extend green targets September 29, 2013 ENERGY companies are in advanced talks with the government to delay the start of a costly energy-saving scheme, as they argue that implementing it too quickly will cause customers’ bills to rise. A spokesperson from SSE told City A.M. yesterday that the big six energy supplier thinks an 18-month delay would be sensible to avoid [...]
Billionaire Mark Cuban heads to insider trading trial in the US September 29, 2013 MARK Cuban, the billionaire who regularly sits courtside to cheer on his Dallas Mavericks basketball team, is heading to a court of a different kind today. The showdown in US district judge Sidney Fitzwater’s courtroom in Dallas is expected to last eight to 10 days. Once there, Cuban hopes to convince a federal jury that [...]
Sable awarded Guinea licence September 29, 2013 SABLE Mining, the Aim-listed iron ore explorer run by ex-England cricketer and businessman Phil Edmonds and Andrew Groves, today said it has been granted a mining licence in Guinea. The licence is to develop the Nimba iron ore project in south-west Guinea, with an exploration target of 200m tonnes by the end of the year. [...]
New name for Babcock unit September 29, 2013 FTSE 100 engineering group Babcock International is renaming its civil nuclear division as Cavendish Nuclear, it emerged yesterday. Babcock was forced to change the unit’s name after a court ruled that it had infringed its trademark, following the divestment of an energy business with the Babcock name in the 1990s, which is now owned by [...]
Terra Firma set to keep its stake in Odeon & UCI September 29, 2013 TERRA Firma, the private equity firm controlled by seasoned investor Guy Hands, has decided to keep its stake in Odeon & UCI Cinema Group rather than sell out of the company. The firm, which also owns property group Annington Homes, had appointed investment banks Goldman Sachs and JP Morgan in May to run the rules [...]
Lakeland owners take home £1m as kitchen retailer cooks up sales September 29, 2013 LAKELAND’S owners netted a £1m dividend last year after the family-run kitchen and homeware retailer posted a four per cent rise in sales. The Windermere-based group – owned by brothers Sam, Martin and Julian Rayner, reported sales of £157.5m in the year to 31 December 2012, up from £151.3m the previous year, accounts filed last [...]
Thomas Pink profit rosy after an online push and new products September 29, 2013 LUXURY shirtmaker Thomas Pink saw profits jump by almost a fifth last year as it continued to ramp up its online expansion and come up with new products. The chain, which is owned by French luxury goods giant LVMH, posted a 19 per cent rise in pre-tax profits to £1.9m in the year to 31 [...]
