Crypto-craze: Why a third of London investors back digital currencies September 24, 2018 Londoners are twice as likely to invest in cryptocurrency than the rest of the country, new research has found. A total of 30 per cent of London investors are planning to invest in digital currencies in the near future compared to 13 per cent nationwide, according to a survey by Rathbone Investment Management. Read more: Regulate 'Wild [...]
Gama Aviation shares drop after profits slashed in half-year results September 24, 2018 Shares in Gama Aviation dropped by more than six per cent this morning as the company reported that profit halved over six months. Pre-tax profit dropped from $8.7m (£6.3m) to $3.2m in the six months to June 2017, and underlying profit dropped 5.7 per cent to $6.6m, however the company saw a rise in revenue from $101.6m [...]
French supermarket Carrefour denies making an offer for rival Casino September 24, 2018 French supermarket Casino has claimed it has rejected an offer from rival Carrefour, though Carrefour has denied ever making a bid for the firm. Casino released a statement last night that said its board had unanimously rejected an approach from the retail giant due to potential conflicts over employment and competition. Read more: Tesco reveals budget supermarket chain, Jack's Carrefour, which is [...]
Dyson writes off £46m on battery developer Sakti 3 September 23, 2018 Vacuum cleaner manufacturer Dyson has written off £46m on US battery developer Sakti 3. Dyson Technology bought the company, which is a spin-off from the University of Michigan, for $90m (£58m at the time) in 2015 as part of its strategy to develop an electric car. Read more: Dyson plugs £200m into driverless cars UK technology campus Accounts for [...]
Numis founder Oliver Hemsley seals £20m deal to take control of Nex Exchange September 23, 2018 Numis founder Oliver Hemsley has secured a £20m deal to take control of stock exchange challenger Nex Exchange. Hemsley will invest £10.5m in the business for a 55 per cent stake, with a view to eventually take full control and transform it into a credible rival to London's Alternative Investment Market (AIM). Read more: Competition watchdog launches inquiry into CME [...]
British Steel owner Greybull buys majority stake in phone recycling company Redeem September 23, 2018 Investment group Greybull Capital has bought the majority stake in mobile phone recycling company Redeem. The business works with partners such as 3, Vodafone and Sky Mobile and the undisclosed amount of funding from British Steel owner Greybull will allow Redeem to renew a contract with O2 and implement its growth strategy. Read more: Millions paying [...]
Mike Ashley hits out at landlords as three House of Fraser stores set to close September 23, 2018 House of Fraser boss Mike Ashley has hit out at "greedy" landlords as he announced the closure of three department stores. At least 15 stores that were previously earmarked for closure have been saved, House of Fraser announced, however branches in Edinburgh, Hull and Swindon face being shut down. Sports Direct owner Ashley, who [...]
Uber in early talks to buy food delivery competitor Deliveroo September 20, 2018 Ride hailing giant Uber is in early talks to buy food delivery competitor Deliveroo, according to reports. The acquisition would drive forward Uber's own food delivery service, which it operates through the Uber Eats app and launched in London in 2016. Read more: Ranked: The UK's most valuable brands, according to WPP The value of the deal is [...]
Uber in early talks to buy food delivery competitor Deliveroo September 20, 2018 Ride hailing giant Uber is in early talks to buy food delivery competitor Deliveroo, according to reports. The acquisition would drive forward Uber's own food delivery service, which it operates through the Uber Eats app and launched in London in 2016. Read more: Ranked: The UK's most valuable brands, according to WPP The value of the deal is [...]
Rothesay Life the frontrunner to acquire £900m Government mortgage portfolio September 20, 2018 British insurance giant Rothesay Life is the frontrunner to acquire a £900m mortgage portfolio from the Government, it has been reported. Rothesay will buy the equity release mortgages from UK Asset Resolution (UKAR), according to Sky News. Read more: What effect did the financial crash have on UK property? The news comes six months after Rothesay Life acquired [...]
