ITV in €1bn deal to bring Talpa’s de Mol on board March 12, 2015 ITV WILL pay up to €1.1bn (£785m) to take over Talpa Media, the company behind programmes such as The Voice and Dating In The Dark. ITV will pay an initial cash consideration of €500m for 100 per cent of Talpa’s share capital, with further payments dependent on the firm’s future performance. The total sum, including [...]
John de Mol – the brains behind Big Brother and Deal Or No Deal March 12, 2015 DUTCH TV producer John de Mol is best known as the brains behind reality TV format Big Brother. The show, which launched in 1997 and has since grown to encompass over 54 different versions globally, was created while de Mol was working at entertainment group Endemol, which he co-founded in 1994. During his time at [...]
Shawbrook set for £1bn stock market float March 12, 2015 SHAWBROOK Bank yesterday announced it planned to become the latest challenger to float on the stock market, raising around £90m in new capital. The announcement of its intention to float follows an impressive showing by rival Aldermore earlier this week, when its shares closed 12 per cent higher on its first day of trading. Its [...]
Serco slumps after £1.4bn loss March 12, 2015 SERCO boss Sir Rupert Soames has waived a £908,000 bonus after the outsourcing firm reported a loss of £1.35bn for 2014, compared with a profit of £108m the year before. Shares tumbled by 15 per cent as the market reacted to a set of results the company described as “very poor”. According to Serco, the [...]
Argos suffers a post-festive depression March 12, 2015 Argos had little cause for post-festive cheer after sales at the catalogue retailer slumped in the eight weeks to 28 February, it announced yesterday. The retailer experienced weak trading in consumer electronics and said its ongoing programme aimed at improving customer experiences had impacted on footfall. Argos outlined its five-year transformation plan in 2012 with [...]
Commerzbank gets £973m fine March 12, 2015 Commerzbank will pay a $1.4bn (£973m) fine to the US authorities, after becoming the latest bank to admit to moving money through the US for countries such as Iran and Sudan. The bank was also found to have not complied with anti-money laundering laws by New York’s state Department of Financial Services. Five members of staff, [...]
$1bn off Intel profit forecast March 12, 2015 INTEL has cut $1bn (£671m) from its profit forecast for the first three months of 2015, as small businesses put off upgrading their computers. The US computer chip maker said yesterday that it now expected first-quarter profit to be $12.8bn, seven per cent lower than the $13.7bn originally forecast. Intel had hoped that Microsoft removing support [...]
Uber rival Lyft valued at over £1.5bn March 12, 2015 TAXI APP Lyft has raised $530m (£353.6m) from a new funding round, softening the blow dealt by a US judge’s ruling against the ride-sharing service. Lyft is now valued at more than $2.5bn after the round led by Japanese e-commerce giant Rakuten closed this week. Rakuten now owns an 11.9 per cent stake in the [...]
Mayor of Kiev fights for new city investors March 12, 2015 WITH the usual enormous Russian pavilion conspicuous by its absence at this year’s Mipim property bash, Russians have all but deserted the event this year. But their Ukrainian neighbour has arrived in force, with Kiev mayor and former world champion boxer Vitali Klitschko flying in to persuade people to invest in the country’s capital. Klitschko [...]
Mipim 2015: Tristan Capital property bigwigs go all Moulin Rouge at raucous beach party March 12, 2015 The music was blaring so loudly that even the sand seemed to be quivering at Tristan Capital’s raucous party on the beach in Cannes. The secretive property firm holds a less than secretive bash each year, its tickets highly coveted – and this year’s theme was Moulin Rouge in keeping with the French setting. It [...]
