Hipgnosis launches legal action against its fund manager founder Mercuriadis February 19, 2024 Hipgnosis Songs Fund has launched legal action against its fund manager Hipgnosis Songs Management (HSM) and founder Merck Mercuriadis. The music royalties trust said that HSM had refused to protect it against potential liabilities from claims brought by former business partners of Mercuriadis that accuse him of stealing the idea for Hipgnosis in 2018. Mercuriadis [...]
Pockit: Fintech boss on ‘debanking’ and plans to fill gap left by Amigo and Wonga February 19, 2024 While the term “debanking” has become a staple since last summer, the issue of financial inclusion has been a priority for Virraj Jatania for years.
Two London Underground stations scoop £43m for major upgrades February 19, 2024 Two London Underground stations are set to receive £43.1m in levelling up funding for major upgrades, the government has announced.
Levelling Up fund earmarks £90m for London boroughs – is your neighbourhood included? February 19, 2024 Over £90m will be injected into various boroughs across London to revamp tube stations and improve community spaces as part of the government’s Levelling Up fund.
London Southend Airport owner looks to secure future amid loan spat with Carlyle February 19, 2024 London Southend Airport owner Esken is mooting a deal to secure the hub's future, resolving an ongoing funding dispute with Carlyle Group.
Abrdn logistics trust delays dividend amid potential takeover February 19, 2024 The £249m Abrdn European Logistics Income trust has delayed the payout of its fourth quarter dividend amid a number of proposals to buy the trust. In a stock exchange notice, the trust’s board said it had received a number of “broad ranging preliminary, indicative non-binding proposals” to purchase or merge the trust. It added that [...]
High interest rates set to dampen lending to firms in 2024 before rebound next year February 19, 2024 High interest rates are expected to limit banks' lending to businesses this year before a rebound in 2025, according to a new forecast, as sticky inflation and high interest rates dent firms' confidence.
Santander announces plans for £4.7bn shareholder distribution following record results February 19, 2024 Santander announced that it will seek to pay out £4.7bn to shareholders just weeks after the bank unveiled record annual profits in 2023.
Currys bidding war: Chinese retail giant JD joins race as shares soar 33 per cent February 19, 2024 Chinese retail giant JD.com is the latest firm to consider buying Currys, as its board reveals it is in the “very preliminary stages” of exploring a takeover.
Unite inks £250m deal with Newcastle Uni as demand for student beds booms February 19, 2024 A London-listed student accommodation provider has entered into a joint venture with Newcastle University for the development of 2,000 new student beds.
