Market info company ADVFN seeks to fend off activist investor April 7, 2015 FINANCIAL market information firm ADVFN is trying to fend off an activist investor, which it said is attempting a hostile take-over. Last month, ADVFN revealed it had a requisition for a general meeting in which the investor would seek to appoint an entire new board. The requisition was made by Sweet Sky and Shellhouse, which [...]
Naked Wines toasts to strong sales of rosé April 7, 2015 NEVER MIND the chocolate eggs. Britons were celebrating Easter this year with a glass of rosé, according to Naked Wines, which reported a jump in sales over the Bank Holiday weekend. The boutique online wine retailer, whose customers, or angels, invest over £2m each month towards future orders, said sales of rosé wine jumped by [...]
Ken Livingstone lashes out at George Osborne at City University Q&A April 7, 2015 He could have gone for a Tommy Cooper classic or some variant on the knock, knock formula – but that just wouldn’t be Ken, would it? Students at City University have been chuckling away in recent days over a bizarre recording of former London mayor Ken Livingstone being asked to name his favourite joke. [...]
Mark Carney fears UK at risk from Greek contagion April 7, 2015 Britain’s banks and insurers could be in danger if Greece leaves the Eurozone, the Bank of England warned yesterday. The UK is not heavily exposed to Greece itself, but if it exits the single currency then it could cause financial panic in other indebted economies like Spain and Italy, which would then hit Britain hard. [...]
Panmure Gordon: Tight General Election race is good for investors April 7, 2015 A close General Election leading to another coalition government is good for stock market investors, economists at Panmure Gordon said yesterday, defying the conventional wisdom that this would bring bad uncertainty. In a boost to the Liberal Democrats, the analysis argues that both Labour and the Conservatives have policies which would damage the economy, while another [...]
Rangers shares cancelled on Aim and Dave King gets closer to chair role April 7, 2015 Scottish football club Rangers has ceased trading on Aim. The club’s admission to trading on the junior market was cancelled yesterday, after it announced last week that it was suspending its shares ahead of a move to the ICAP Securities & Derivatives Exchange, also home to Arsenal Football Club. Meanwhile, South Africa-based businessman Dave King [...]
Tax break firm leads biotech funding deal April 7, 2015 LONDON digital agency Random42 has received funding from Vespa Capital in a deal overseen by media and technology specialist Ingenious Corporate Finance. Random42, which is focused on the global pharmaceutical and biotech sectors, is hoping to accelerate growth in international markets with the investment. Ben Ramsbottom, the agency’s chief executive, said Ingenious was “instrumental” in [...]
Banks to make buy-to-let mortgage rules simpler in bid to boost transparency April 7, 2015 Dozens of banks and building societies promised to make the small print on buy-to-let (BTL) mortgages simpler and clearer, in a bid to make the products as transparent and straightforward as more heavily regulated retail mortgages. The aim is to make borrowers’ obligations clearer, so that BTL customers understand how much they have to pay [...]
Mace wins contract to oversee £120m Camden Market scheme April 7, 2015 CAMDEN Market owner Market Tech Holdings has appointed construction firm Mace to oversee the £120m redevelopment of Camden Lock Village. The company, run by Israeli technology entrepreneur Teddy Sagi, floated on London’s junior market last year after amassing more than 11 acres of market real estate across Camden Borough. It now plans to plough some [...]
UK regions lift European real estate prices April 7, 2015 European commercial property prices grew by a record 7.8 per cent in the fourth quarter of last year, fuelled by the ongoing recovery in the UK’s regional property markets. Figures out yesterday by property adviser DTZ show that prices rose by 20 per cent for the year overall thanks to a record last quarter, when [...]
