The City A.M. Punter Podcast EP:34 Chepstow & Kempton January 8, 2021 The cold weather has been dominating racing this month and there’s no guarantee that Chepstow will pass an inspection for Saturday’s meeting, although they are a lot more hopeful at Kempton, who also race on the same day. Trainer Evan Williams looks to have two good chances to win the Welsh Grand National, held at [...]
Clifford Chance appoints new executive partner and general counsel January 8, 2021 Clifford Chance has made Robin Abraham its next executive partner and general counsel after a 16 year career at the law firm. Abraham will succeed Chris Perrin, who has been in the position since 2003. Abraham will formally take up his new role at the magic circle firm on 1 May, and is already working [...]
Bitcoin tops $40,000 as record rally continues January 8, 2021 Bitcoin has soared to over $40,000 after another record-breaking day for the cryptocurrency, as investors seek a hedge against inflation. The leading cryptocurrency was trading at $41,010.58 by 11.50am according to Coindesk, setting a fresh record as it doubled its value in less than a month. Bitcoin, which is created and traded using blockchain technology, [...]
Grant Thornton sued whopping £200m for Patisserie Valerie accounting failures January 8, 2021 Grant Thornton is being sued for £200m by the liquidators of Patisserie Valerie after the cake shop chain collapsed following suspected fraud. Liquidators FRP Advisory said Grant Thornton was negligent in the preparation and conduct of 2014 to 2017 financial statements. As a result the liquidator is suing the mid-tier audit firm for damages of [...]
Bitcoin hits $40,000, flips Tesla January 8, 2021 Crypto at a Glance The price of bitcoin continues to hit new highs, bouncing over $40,000 like Tigger on amphetamines before a sharp correction saw it crash $3,000 in less than an hour. You can’t keep a good cryptocurrency down, though, and the world’s oldest was soon back in action, springing back to around the [...]
French football’s financial crisis: Why Ligue 1’s €3bn deal with Mediapro collapsed and what it means for the Premier League January 8, 2021 Lille OSC are flying high in Ligue 1, into the latter stages of the Europa League — and €125m in debt. This season, financial turmoil off the pitch is tainting the French football club’s on-field success. Last month, Lille’s major creditors JP Morgan and Elliott Management forced the club’s embattled owner Gerard Lopez to sell [...]
Blackstone secures Bill Gates support in bidding war for Signature Aviation January 8, 2021 The Blackstone Group has the support of a big-name backer – Bill Gates- the largest shareholder in Signature Aviation, strengthening the firms bid to buy the private-jet servicing company. The support comes in opposition to rival bidder Carlyle and strengthens Blackstone’s $4.29bn (£3.16bn) offer alongside Gates’ Cascade Investment. Blackstone and Cascade, which own a near [...]
Marston’s boss calls for extra support as pub chain expects sites to be closed until March January 8, 2021 The boss of pub chain Marston’s this morning urged the government for additional support for hospitality firms, as the company revealed it expects its sites to be closed until at least March due to the Covid-19 lockdown. The company, which has been forced to close all of its pubs due to the third nationwide lockdown, [...]
Meet the VN5, a London cab for packages, not people January 8, 2021 The LEVC VN5 is an efficient plug-in hybrid van based on the TX taxi. Tim Pitt puts it to work clearing his office.
Mirror publisher Reach stock jumps on digital good news January 8, 2021 Reach stock jumped this morning on the news the business had seen impressive digital growth in Q4 2020. The Mirror publisher’s stock jumped 25 per cent this morning on the news the publisher was doing better than expected. The publisher, which owns brands including the Express and the Daily Star saw digital revenue in [...]
