TP ICAP agrees to buy Liquidnet for up to $700m October 9, 2020 Interdealer broker TP ICAP has agreed to buy Liquidnet Holdings for up to $700m as it looks to diversify its customer base. TP ICAP said it had agreed to buy the electronic trading network for a revised price of between $575m and $700m. The broker said it would hold a $425m rights issue to raise [...]
Netflix to triple London office space as it cashes in on British success stories October 9, 2020 Netflix is set to massively expand its London office space as the US streaming giant doubles down on its commitment to the UK. The streamer will triple its footprint to 100,000 square feet when it moves into the Copyright Building in the West End. Netflix is taking over the lease from outsourcing giant Capita, which [...]
FTSE 100 rises despite UK GDP missing expectations October 9, 2020 The FTSE 100 rose at the open despite the UK economy growing less than expected in August, as traders continued to mull the prospect of more US fiscal stimulus. London’s blue-chip index climbed 0.5 per cent to 6,009 points. The FTSE 250, made up of slightly smaller companies, rose 0.3 per cent. Asian markets were [...]
DEBATE: Should the social distancing restrictions on weddings be dropped? October 9, 2020 Should the social distancing restrictions on weddings be dropped? Mark Henriques, managing director of Cripps & Co and petitioner seeking an injunction against the government measures, says YES. In March, lockdown shattered the plans of the thousands of people set to marry this year. I have watched with dismay as a temporary upset, caused by [...]
London investment firm Centricus makes surprise entry into Tiktok takeover race October 9, 2020 A little-known British investment firm has reportedly emerged as a shock bidder for Tiktok as it looks to derail Oracle’s tie-up with the Chinese viral video app. London-based Centricus Asset Management has been in negotiations with the chief executive of Tiktok’s parent company Bytedance for weeks, the Wall Street Journal reported. The firm is said [...]
Time running out for TfL to secure emergency government funding October 9, 2020 Time is running out for Transport for London (TfL) to secure emergency central government funding, with cash from its last bailout set to dry up in nine days. TfL is in negotiations with the Department for Transport over the funding settlement, with mayor of London Sadiq Khan asking for £5.65bn over the next 18 months [...]
The pensions triple-lock is unjustifiable in normal times — in the Covid era, it is utterly unconscionable October 9, 2020 Imagine you a Conservative chancellor trying to steer the economy through the midst of the worst pandemic in modern history. You have done your best to protect jobs and support struggling businesses in the face of drastic lockdown restrictions, while tax receipts shrivelled and the healthcare bill has ballooned beyond all previous measures. Despite your [...]
The UK’s new industrial strategy must not forget London October 9, 2020 Science and technology is set to be at the heart of the UK’s new industrial strategy — to be launched, we’re told, latest this autumn as the government looks to find new ways to reset the UK economy after the worst recession in 300 years. Trailed news of the policy suggests that there will be [...]
Government hands London’s heritage organisations a £103m lifeline October 9, 2020 More than 100 heritage sites across the capital are set to receive a lifesaving financial boost from the government’s Culture Recovery Fund. The Old Royal Naval College in Greenwich is among 129 recipients across London to receive a share of the £103m Culture Recovery Fund for heritage, to help them through the pandemic. The funds [...]
Investors demand greater transparency on ethnic diversity on boards October 9, 2020 Investment managers are calling on some of the UK’s biggest firms to be more transparent about the ethnic diversity of their boards. Almost three-quarters of FTSE 100 firms failed to report the ethnic make-up of their boards in this year’s AGM season, according to data from the Investment Association (IA). Some 37 FTSE 100 companies [...]
