London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Danish interest rates cut to -0.35 per cent to fight the falling euro January 22, 2015 DENMARK’S central bank cut its deposit rate for the second time this week yesterday in a bid to maintain the country’s long-held peg with the euro. The rate was cut by another 0.15 percentage points to a record minus 0.35 per cent. Money printing in the Eurozone pushed the euro down sharply, threatening Denmark’s target [...]
TheTrainline.com boss Clare Gilmartin “delighted” as US private equity giant KKR snaps up rail ticket seller January 22, 2015 US private equity player KKR yesterday announced its acquisition of TheTrainline.com, the UK’s leading online platform for selling rail tickets, from buyout rival Exponent for an undisclosed sum. TheTrainline.com is the most downloaded travel app in the UK and ranks fifth by gross transaction value in the UK’s e-commerce sector. The company is licensed to [...]
Fever-Tree shareholders raise glasses after strong second half January 22, 2015 Shareholders in upmarket tonic water maker Fever-Tree were celebrating yesterday as the British company revealed its recent strong performance had continued through the second half of the year. In a pre-close trading update for the year ended 31 December, Fever-Tree’s board said it expected sales in the second half to be up 43 per cent [...]
TheTrainline.com’s new KKR deal postpones debut for IPOs – Inside Track January 22, 2015 KKR’s decision to buy up TheTrainline.com robs the financial markets in London of their first opportunity to test the new issues market in 2015. Last year was a mixed one for flotations, with London seeing more business than since the financial crash. But there were still doubts about the market’s robustness. Though new issues as [...]
Discovery Communications named as bidder in Premier League auction January 22, 2015 US MEDIA group Discovery Communications has been named as another possible player, along with Sky and BT, eyeing up a bid in the ongoing multi-billion pound auction to screen Premier League football. Last month the Premier League announced it had opened up bidding for seven packages of live broadcasting rights (totalling 168 matches) as well [...]
Balfour is warning on profit but KPMG offers constructive advice January 22, 2015 CONSTRUCTION giant Balfour Beatty warned yesterday that it expected profits for 2014 to be £70m lower due to problems with contracts. Accountants KPMG have been reviewing the firm’s construction business and found that it had been bidding with “optimistic assumptions”. KPMG added it had not been managing contracts effectively. Balfour Beatty has also shelved a planned [...]
Remy Cointreau sees fortunes improving January 22, 2015 FRENCH alcohol giant Remy Cointreau said yesterday its performance was improving after being left vulnerable by falling Chinese sales. Group sales reached €269.1m (£204m) in the third quarter, a like-for-like drop of 1 per cent, compared with a 5.5 per cent fall in the second.
Leon Brittan obituary: Former home secretary and EU commissioner dies aged 75 January 22, 2015 Brittan, who became one of the big political figures of the Thatcher era, was first elected to parliament for the Conservatives in Cleveland and Whitby in 1974, and then for Richmond in Yorkshire in 1986. After being elected, Brittan held many key political roles relating to business and finance. He was chief secretary to the [...]
Most London councils to freeze council tax January 22, 2015 Analysis from the Local Government Chronicle show only two London councils out of 10 who have declared will be raising their rate of council tax in 2015-16. Responding to the figures, local government minister Kris Hopkins said: “As part of our long-term economic plan this government has been working to give families greater financial security [...]
Quindell on verge of selling operating unit January 22, 2015 TECH and outsourcing company Quindell confirmed it was in exclusive talks with Australian law firm Slater & Gordon for a possible sale of an operating unit. Quindell, founded by ex-CEO Rob Terry (pictured), said yesterday there was no certainty the talks would lead to an offer or a deal. The company said early this month [...]
