UK flood alerts issued as Hurricane Lorenzo comes to town October 1, 2019 Torrential downpours are set to wreak havoc in the capital today as the UK braces for the potential arrival of Hurricane Lorenzo. Read more: UK weather forecast: Showers to batter Brits until Sunday after rainfall causes travel chaos The Met Office has issued a yellow weather warning after heavy rain and thunder battered south Wales [...]
Gousto to create 700 jobs as recipe box firm turns to tech October 1, 2019 Recipe box specialist Gousto has revealed plans to create more than 700 jobs in the UK as it doubles down on its technology offering. Read more: Recipe box startup Gousto secures £30m funding The London-headquartered firm said most of the hires will be based in its tech team, with new positions created in data science, [...]
UK outbound M&A plunges to lowest level in a decade October 1, 2019 The value of UK outbound merger and acquisition (M&A) activity plunged in the third quarter, sinking to its lowest level in the last decade. M&A deals have totalled $42.9bn (£35bn) so far this year, down 69 per cent on the same time last year, according to data from Refinitiv. Read more: M&A activity targeting UK [...]
Saudi Aramco to pay out $75bn dividend as it courts investors ahead of IPO September 30, 2019 Saudi Aramco has said it plans to pay a base dividend of $75bn (£61bn) in 2020 as it gears up for its highly-anticipated public float. Read more: JP Morgan set to pip rivals for Saudi Aramco mega-float The Saudi Arabian state oil giant has been courting potential investors for the initial public offering (IPO), from [...]
UK homebuyers turned off by ‘characterless’ new-builds September 30, 2019 Prospective buyers have been deterred from purchasing new-build homes in the UK because they are “unattractive” and “devoid of character”. Roughly half of homebuyers and property investors believe new-builds are usually unattractive, while 63 per cent consider them to lack distinctive features, according to a new survey. Read more: Days of soaring London house prices [...]
Mobile shopping platform Rezolve secures bumper deal with Samsung September 30, 2019 Mobile shopping platform Rezolve has secured a deal with Samsung to make its technology available on the South Korean firm’s smartphones. The London-based tech startup said its product will be embedded directly into Samsung’s Bixby Vision software and will be available in the US later this year. Read more: Samsung prepares to release new foldable [...]
Axel Springer cuts revenue guidance as it announces restructuring plan September 30, 2019 German media giant Axel Springer has warned it expects a decline in full-year revenue and profit, as it unveiled plans to restructure its news media division. The firm, which owns a string of news brands including Business Insider, said revenue will decline in the low to mid single-digit range, while adjusted earnings before interest, tax, [...]
Wework confirms it will withdraw IPO filing amid investor apathy September 30, 2019 Wework today confirmed it will withdraw its initial public offering (IPO) filing after it was forced to push back plans for its troubled float. Read more: Wework sells former CEO Adam Neumann’s $60m private jet The coworking firm last week announced that Adam Neumann would step down as chief executive following a frosty reception from [...]
Jamie Oliver bags £5.2m payday despite restaurant chain collapse September 30, 2019 Jamie Oliver took home £5.2m last year as his business empire suffered a slump in profit following the collapse of his restaurant chain. The chef’s food and media business increased sales to £43.5m in the year to December 2018, but pre-tax profit almost halved to £7.8m. Read more: SSP buys three Jamie Oliver restaurants saving [...]
One in three UK businesses has no Brexit plan in place as Halloween deadline looms September 30, 2019 A senior minister yesterday suggested the UK may use EU law in order to deliver Brexit by Halloween. Confirming revelations in City A.M., foreign secretary Dominic Raab told the Mail on Sunday that EU law supersedes UK law and so in theory the 31 October departure date, enshrined in European law, would be unaffected by [...]
