Digital doctor startup Zava secures $32m series A funding June 13, 2019 Digital doctor startup Zava has raised $32m in series A funding led by HPE Growth as it kickstarts an expansion plan. The London-based platform, which operates in the UK, Ireland, France, Germany, Austria and Switzerland, will use the funding to grow its business in existing markets and globally. Read more: Startups break records with £4.8bn [...]
SSP buys three Jamie Oliver restaurants saving 250 jobs June 13, 2019 Three of Jamie Oliver’s restaurants have been rescued after administrators secured a sale with SSP, saving 250 jobs. SSP will take over the three sites at Gatwick Airport after the celebrity chef’s restaurant business collapsed into administration last month. Read more: Jamie Oliver’s restaurant business collapses into administration All of Oliver’s restaurants, excluding the Gatwick [...]
Hargreaves Lansdown leads exodus from second Woodford fund June 13, 2019 Hargreaves Lansdown has led an exodus from Neil Woodford’s Income Focus fund adding to the trader’s woes following the suspension of his flagship investment vehicle. Woodford’s Income Focus fund has shrunk by more than £100m in less than two weeks, according to data from Morningstar. Read more: Woodford issues apology to suspended fund investors Assets [...]
Sajid Javid signs US extradition request for Julian Assange June 13, 2019 Home secretary Sajid Javid has signed a request for Julian Assange to be extradited to the US ahead of a delayed court hearing on the matter. The Wikileaks founder is facing charges of computer hacking in the US. Read more: Sweden will not arrest Wikileaks founder Julian Assange Javid told the BBC that he had [...]
Majestic Wine ‘in advanced talks’ over sale of retail arm June 13, 2019 Majestic Wine announced it was in advanced talks with multiple bidders over the sale of 200 stores as it focuses on its online business. The company plans to spin off the Majestic Retail and Commercial arm and focus on its Naked Wines brand, which has a “greater potential for growth”. The figures In the year [...]
Tesco sales growth slows in ‘subdued’ market June 13, 2019 Tesco sales growth slowed in the first quarter of the year due to a “subdued” UK market. The supermarket, which is the largest in the UK, said sales hit £9.08bn in its core market, representing like-for-like sales growth of 0.4 per cent. Read more: Tesco Bank quits ‘challenging’ mortgage market Analysts had predicted growth in [...]
Investment Association calls on industry to act on racial diversity June 13, 2019 The Investment Association has called on the industry to act to increase the number of black asset managers working in the sector Companies should modernise recruitment processes, establish mentoring schemes and networks, and improve education on inclusion, the Investment Association said in a report published this morning. Read more: LGIM’s gender parity fund drives boardroom [...]
The Brexit Party ‘at risk’ of accepting illegal donations, watchdog finds June 12, 2019 The Electoral Commission has ruled that the The Brexit Party is at high risk of collecting illegal donations through its online platform. The commission visited Nigel Farage’s party’s office last month to review its online donation system. Read more: The Brexit Party genie cannot be stuffed back into the bottle It found that the platform, [...]
Woodford issues apology to suspended fund investors June 12, 2019 Beleaguered trader Neil Woodford has issued a second apology to investors in his frozen £3.7bn fund, saying he had been disappointed with its performance “for some time”. The letter, which was sent to independent financial advisers yesterday, follows the suspension of Woodford’s Equity Income fund last week. Read more: Opening the fund gate: How to [...]
British American Tobacco boosted by vaping sales June 12, 2019 British American Tobacco (BAT) announced that sales of e-cigarettes and vaping products would accelerate in the second half of the year as demand for traditional cigarettes declines. Shares fell nearly five per cent despite the positive trading update as the company revealed it had lost market share. Corporate volume share was down ten percentage points [...]
