Sterling surges against dollar and euro amid renewed hope of Brexit breakthrough October 15, 2019 Sterling has jumped to its highest levels since the summer amid rising optimism about a potential breakthrough in Brexit negotiations. The pound was trading up more than three per cent at $1.277 this afternoon, while it rose against the euro to buy €1.157. Read more: Disruptive no-deal scenario could weaken the UK equity market and [...]
JP Morgan shares rise as strong consumer trading boosts third-quarter profit October 15, 2019 Shares in JP Morgan rose almost 2.5 per cent this afternoon after strong trading in its consumer division helped drive third-quarter profit growth. The bank posted net profit of $9.1bn (£7.2bn) or $2.68 per share, up eight per cent on last year and ahead of analysts’ estimates. Revenue also rose eight per cent to hit [...]
Young Londoners ‘held back’ by lack of entrepreneurial role models October 15, 2019 The majority of young people in London may be being held back due to a lack of relatable entrepreneurial role models. Read more: Despite the doom and gloom narrative, female entrepreneurship is on the rise A new survey by Entrepreneur First revealed top business icons such as Lord Alan Sugar and Sir Richard Branson no [...]
Musical shares: Why Merck Mercuriadis believes the old ones are always the best October 14, 2019 Merck Mercuriadis has a party trick. If you tell the veteran music mogul-turned City slicker your favourite band, he’ll name an older band that influenced them. Like a Spotify algorithm, but in real life. Mercuriadis’s encyclopedic music knowledge is hardly surprising. Over his career he has managed artists including Morrissey, Beyonce and Elton John, and [...]
Global markets underwhelmed by US-China trade truce October 14, 2019 Global markets remained flat today as initial optimism about a US-China trade deal faded amid concerns about how quickly an agreement could be sealed. Read more: European stock markets fall on China data and Brexit US President Donald Trump last week said he had secured a limited trade deal with China, which will see the [...]
Hiro Capital launches with €100m fund as it sets sights on gaming boom October 14, 2019 A team of gaming entrepreneurs has set up a brand new venture capital firm to pump €100m (£87.6m) into the booming games and esports industries. Hiro Capital launched today with the aim of targeting what it describes as a funding gap in the market, splitting its investments between creative games studios and industry technology. Read [...]
Vodafone apologises after customers charged thousands for roaming October 14, 2019 Vodafone has issued an apology after customers were incorrectly charged as much as £11,000 for using their phones abroad. Mobile users took to Twitter to complain about thousands of pounds worth of roaming charges on their bills, with many saying their phones had been disabled and they were unable to contact customer services. Read more: [...]
Eurozone industrial output bounces back but outlook remains gloomy October 14, 2019 Eurozone industrial production grew in August thanks to increased investment in machinery, but analysts warned that the general outlook remained gloomy. Industrial output ticked up 0.4 per cent on the previous month, ahead of market consensus of 0.3 per cent, according to figures from Eurostat. Read more: Gloom thickens over Eurozone economy as Germany factory [...]
Extinction Rebellion targets Blackrock in protest over ‘climate criminals’ October 14, 2019 Extinction Rebellion protesters today targeted the London headquarters of Blackrock as they set their sights on the City over its role in what they describe as a looming environmental emergency. Climate activists glued themselves to the doors of the asset management giant, while others staged a mock dinner party with rolled up banknotes on their [...]
Northedge snaps up UK video games firm Catalis in £90m deal October 14, 2019 Private equity group Northedge Capital has bought London-based video games company Catalis in a deal valuing the firm at £90m. Northedge has invested £46.6m in Catalis, while major backer Vespa Capital and chief executive Dominic Wheatley have reinvested their shareholdings in the company as part of the transaction. Read more: MPs call for regulation of [...]
