Stobart row escalates as leading investor Neil Woodford calls for resignation of chairman June 18, 2018 Stobart Group’s second-biggest investor has called for the resignation of the company’s chairman amid ongoing battles within the top levels of the firm. Neil Woodford has said that Iain Ferguson should step down as chairman of the infrastructure group, expressing his support for Philip Day to take over. Woodford is a supporter of ousted chief [...]
Turbulent times ahead for Heathrow as hotel tycoon launches High Court claim June 17, 2018 A legal battle surrounding Heathrow has been launched by hotel tycoon Surinder Arora following disputes around a potential multi-storey car park. In a High Court claim which might have profound ramifications for the future of the airport hub, Arora and Heathrow are at loggerheads over development rights for parking. Read more: Easyjet says an expanded [...]
Flybe is expecting profits to tumble after Beast from the East takes its toll June 17, 2018 Regional airline Flybe is expected to reveal nosediving profits on Tuesday following a series of setbacks from poor weather. Annual pre-tax losses for the firm are forecasted to reach £15.7m, a significant rise from £6.7m in 2017. However, the City is expecting a seven per cent growth in revenue from £707m to £755m. The "Beast [...]
M&S fashion brands are under threat as the struggling retailer looks to cut costs June 17, 2018 Marks & Spencer could abandon its once flagship womenswear brand as the retailer’s crisis deepens. Per Una, which generated roughly £750m for the floundering high street giant at its peak, is now one of several brands to be put under review by chief executive Steve Rowe as the company looks to cut costs. The fashion [...]
UBS London HQ is sold for £1bn as Asian investment in London’s “trophy buildings” rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for "trophy buildings" in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
Aquis gears up for £12m float on London Stock Exchange June 11, 2018 Share-trading venue Aquis Exchange is set to float on Thursday as it seeks to raise £12m following previous investment. The pan-European cash equities exchange, which is aiming to be valued at £73m with a share price at around 269p, is planning to list on the Alternative Investment Market (Aim). With the firm having already raised [...]
London-based artificial intelligence firm looks to expand after raising £13m in a Series A funding round June 11, 2018 Research-driven artificial intelligence (AI) company Eigen Technologies aims to expand after raising £13m in its first significant round of venture capital financing. The London-based tech firm, which has obtained the money in a Series A round co-led by Goldman Sachs and Temasek, takes unstructured qualitative data and turns it into information which companies can then [...]
Pop-Up Padel comes to Canary Wharf for the second year running June 11, 2018 Canary Wharf might be best known for its busy commuters and corporate buildings, but for the next three weeks workers and visitors will be descending on the financial district for a game of pop-up padel. Better known as “squash in the sun”, the racket sport that combines elements of tennis, squash and badminton will be [...]
Revealed: The 15 best employers in Britain for work-life balance, as rated by staff June 7, 2018 Dealing with millions of busy commuters might not sound like the dream job, but according to a new study workers at Transport for London (TfL) are the most content with their work-life balance. The rankings, compiled by job site Indeed, showed that TfL had a better “staff first” mentality than any other company in the [...]
