Center Parcs owner hires bankers to review options with £4bn sale on the horizon April 22, 2022 The owner of Center Parcs has recruited bankers to probe options for the future of the holiday village chain. Sky News has reported that Brookfield Property Partners is planning to hire Barclays to advise on its investment in Center Parcs. This could lead to an auction sale of the chain for £4bn, the organisation reported. [...]
Barclays sells off half of Absa stake for £526m April 21, 2022 Barclays announced today it has sold off a major chunk of its remaining stake in South African banking group Absa for £526m as it continues to shed its holdings in the firm.
Steepening yields boost London-listed banks April 20, 2022 Financials led the way in the City today as a steepening in global yields boosted sentiment to banks and fund managers. London’s premier FTSE 100 index climbed 0.37 per cent to 7,629.22 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, closed 0.58 per cent [...]
London-based crypto firm Blockchain.com plots US IPO April 19, 2022 Crypto platform Blockchain.com is understood to be interviewing banks ahead of a possible initial public offering in the US.
Cough up cash for small suppliers TSB tells rivals April 19, 2022 High street lender TSB has called on rivals Co-Operative Bank and Metro Bank to speed up supplier payments after data found the banks are among the worst culprits for paying suppliers late.
Jacob Rees-Mogg: Civil servants must ‘rapidly return’ to offices April 19, 2022 Ministers are reportedly being told to send a “clear message” to civil servants for a “rapid return” to offices. Up to three quarters of staff are still working from home, according to The Telegraph, as Whitehall sources accuse a “silent majority” of officials of not “pulling their weight. Jacob Rees-Mogg, the minister for government efficiency, [...]
Blend secures £120m boost for lending extra ‘muscle’ to UK property developers April 11, 2022 Property capital firm Blend Network has secured a record £120m boost to its lending of that extra “muscle” for UK developers. Blend, backed by OakNorth Bank chairman and former Barclays vice chairman Cyrus Ardalan, snagged the sum from a consortium of six large family offices “Obtaining a record £120m committed funding line from such a [...]
Travel Chaos: Extinction Rebellion blocks Lambeth and Vauxhall bridges April 10, 2022 Activists from the green campaign group Extinction Rebellion are blocking two of the key travel arteries across London.
Premier League scores top City headhunter for chairman search April 10, 2022 Top City headhunter MWM Consulting has been hired to find the new chairman of the Premier League.
888 shares soar amid William Hill bargain deal April 7, 2022 Gambling giant 888 has agreed a renewed price for its acquisition of William Hill, dropping from £2.2bn to £1.95bn, and reflecting the change in the "macro-economic and regulatory environment" since the deal was first announced.