Failed Bain Capital takeover bid cost LV= £33m March 29, 2022 LV=’s failed bid to sell itself to US private equity firm Bain Capital cost the mutual insurer more than £33m, the firm revealed today. Full year figures from the Westbourne headquartered insurer show LV= paid out £21m in costs in 2021 in addition to the £12m it paid out in 2020 and a small amount [...]
Retailers lead the way in London after industrials give up gains March 29, 2022 High street retailers lifted London’s top indexes today despite a sharp drop in oil prices prompting investors to ditch industrial giants. The capital’s premier FTSE 100 index climbed 0.86 per cent to reach 7,537.25 points, while the domestically-focused mid-cap FTSE 250 index surged two per cent to 21,491.97 points. Traders are seemingly upbeat about the [...]
London clings on to crown as top global city, according to Schroders index March 29, 2022 London remains top of a closely-watched global cities index compiled by asset manager Schroders. The capital ranked top in the index for innovation, reflecting its status as the home of more ‘unicorn’ companies than much of the rest of Europe combined and the fact it is home to some of the world’s leading universities. London [...]
Blockchain firms boosted by wave of venture capital funding March 29, 2022 Venture capital funding has been pouring into the blockchain industry in 2022 through a flurry of high value deals, fresh data has revealed.
Standard Chartered to end coal financing by 2032 March 29, 2022 Asia-focused UK lender Standard Chartered said it will end legacy coal financing for its clients by 2032 as it looks to sever its remaining financial ties with the fossil fuel.
The City View: Consumers borrowing more, and Victoria Scholar on $15bn Barclays blunder March 29, 2022 Today Andy Silvester chats to Interactive Investor’s Victoria Scholar. They go through Barclays’ rough start to the week after an unknown investor sold over £900m worth of shares in the bank following its $15bn securities blunder; Waitrose’s legal row with ASDA, and consumers turning to discount retailers amid the cost-of-living crisis; and Tesla’s stock split. [...]
Hong Kong Racing Tips: Throw out the formbook and chance well drawn Blissful Star March 29, 2022 FORMBOOK students will tell you the second division of the Hap Mun Bay Handicap (2.45pm) over six furlongs is a match between the Zac Purton-ridden Thunderstrike and Joao Moreira’s mount Fiery Diamond. Both jockeys are riding at their peak of their powers at present, with Purton currently leading his arch-rival by 95 winners to 92 [...]
Exclusive: Gary Neville to ramp up Labour role and do series of events with Starmer March 29, 2022 Gary Neville is set to ramp up his work with the Labour party and make a series of appearances beside Sir Keir Starmer in a move that will fuel further speculation the former Manchester United captain wants to run for parliament. It is understood that Starmer thinks Neville, who became a Labour member for the [...]
Hong Kong Racing Tips: Lightning can strike twice for Majestic Shum and Teetan March 29, 2022 PUNTERS didn’t find it easy at Sha Tin last Sunday when three out of four odds-on favourites were sunk, leaving the majority of multiple and exotic wagers consigned to the litterbins and bettors left stony-faced. It’s likely not to get any easier today with Sha Tin hosting an eight-race programme on the all-weather surface, something [...]
Uber Eats signs global delivery deal with BP, including 120 outlets in the UK March 29, 2022 Uber Eats will start delivering items from 120 BP outlets across the UK by the end of June as part of a new global agreement. The convenience food delivery platform has signed a deal with petrol and service station operator, with 3,000 outlets hoped to be participating across Australia, New Zealand, Poland, South Africa the [...]
