The Gym Group beats expectations on strong reopening demand May 26, 2021 The Gym Group today said trading had outperformed expectations since the easing of lockdown measures as Brits flocked back to its venues to get in shape. The fitness firm reopened its gyms in England on 12 April, followed by reopenings in Scotland on 26 April and Wales on 3 May. Its entire estate of 187 [...]
Contentsquare secures $2.8bn price tag after Softbank-led funding round May 26, 2021 Data analytics platform Contentsquare has secured a valuation of $2.8bn (£1.9bn) following a funding round led by Japanese investment giant Softbank. The digital experience firm, which helps companies understand how people interact on their website or app, nabbed the price tag after raising $500m in a Series E round. The cash injection was led by [...]
Covid-19: Government warns against travel to or from Indian variant hotspot Hounslow May 25, 2021 Covid-19: Government warns against travel to or from Indian variant hotspot Hounslow
Deutsche Bank to move another 100 jobs out of London in post-Brexit overhaul May 25, 2021 Deutsche Bank is moving 100 jobs out of London and relocating the roles to the EU and Asia as the lender overhauls its corporate bank in the aftermath of Brexit. Germany’s biggest lender is making a quarter of the division’s 400 staff redundant, with their roles moved to Dublin, Berlin, Frankfurt and cities across Asia, [...]
Facebook and Google lobby UK to block Paul Dacre as Ofcom chair May 25, 2021 Facebook and Google are said to have ramped up their lobbying of the UK government amid fears Paul Dacre could be appointed as the next chair of Ofcom. Dacre, the former editor of Daily Mail, has been tipped as the frontrunner to lead the UK’s media watchdog. He is one of four final candidates set [...]
McAfee forced to refund customers following auto-renew probe May 25, 2021 Antivirus software giant McAfee will be forced to refund some customers whose contracts were automatically renewed following an investigation by the competition watchdog. The Competition and Markets Authority (CMA) opened an investigation into the anti-virus software market in 2018 amid concerns about unfair practices. A super-complaint filed by Citizens Advice warned that UK customers could [...]
Stage and stream: Amazon inks broadcast deal for National Theatre productions May 25, 2021 Amazon Prime has inked a deal to stream four productions filmed by the National Theatre this summer, including the original stage version of Phoebe Waller-Bridge’s Fleabag. The tie-up will also include Frankenstein, directed by Danny Boyle and starring Benedict Cumberbatch, and Hamlet, which also features the Sherlock star, filmed at the Barbican in 2015. Amazon [...]
Software group Aveva shares rise as business bounces back May 25, 2021 Shares in Aveva pushed higher this morning after the software group reported strong growth in the second half following an initial pandemic-induced hit to trading. Aveva, which specialises in industrial software, posted revenue of £820m for the year to the end of March — a decrease of 1.6 per cent but in line with expectations. [...]
Made.com: Online furniture seller plots London IPO May 25, 2021 Made.com has unveiled plans for an initial public offering in London after cashing in on rapid growth during the pandemic. The online furniture retailer today said it will seek to raise roughly £100m through the issue of new shares, while the float will include an offer of shares to be sold by existing shareholders. The [...]
Ted Baker completes bank refinancing as Covid delays results May 25, 2021 Ted Baker today said it has refinanced by extending its revolving credit facility with lenders. Under the new agreement, a facility of £108m maturing in September 2022 and a restricted facility of £25m maturing in January 2022 will be replaced by a new facility of £90m reducing to £80m in January 2022 until maturity in [...]
