Sir Philip Green’s fashion empire hangs by a thread as CVA vote is delayed June 5, 2019 SIR PHILIP Green made a dramatic last-minute bid to stall the collapse of his retail empire tonight after postponing a crunch vote that threatened the future of his high street brands. In a shock move the Topshop tycoon decided to delay the final decision from creditors on whether to approve an insolvency process for his [...]
Our pick of the new homes going on sale in London this weekend June 5, 2019 1 Green Street, Mayfair From £2.25mTwo show flats by London design studio TH2 are available to view in this period corner building development of four newly refurbished homes. Each flat has two bedrooms and is dual aspect, with corner bay windows offering views of St Marks Church. Contemporary kitchens and bathrooms include parquet flooring and [...]
Findel posts surge in full-year profit as it unveils name change June 5, 2019 Home shopping company Findel has posted a sharp rise in profit and unveiled a new brand name, just weeks after it fended off a takeover bid from major shareholder Sports Direct. Pre-tax profit jumped 33 per cent to £29.4m in the year to the end of March, while revenue rose 5.7 per cent to £506.8m. [...]
City Moves for 5 June – Who’s switching jobs? June 4, 2019 Today’s City Moves includes Barclays, 11:FS and FXD Capital. Barclays Barclays has appointed Karen Johnson as the national head of retail, wholesale and healthcare for its Corporate Banking business. Karen has more than 25 years banking experience, working with a wide range of businesses from owner-managed through to multinationals. She joined Barclays in 2015 to [...]
Six investment trusts that pay a monthly income June 3, 2019 By Kyle Caldwell from interactive investor. Just six investment trusts pay investors on a monthly basis. New research reveals which ones. It has never been easier for do-it-yourself investors to assemble an income portfolio, as over the past couple of years both open-ended funds and investment trusts have moved to pay income more frequently than [...]
City Moves for 30 May – Who’s switching jobs at HSBC UK, Experian and Lane, Clark and Peacock? May 30, 2019 Today's City Moves includes HSBC UK, Experian and Lane, Clark and Peacock. HSBC UK HSBC UK has appointed Sharon Quinlan to the key role of head of corporate real estate. In her new role, Sharon will be focused on supporting HSBC UK’s real estate customers with their debt finance requirements and expanding the bank’s commercial property [...]
Toasting a deal: Bollinger takes stake in wine merchant backed by Michael Spencer May 30, 2019 Champagne house Bollinger has snapped up a minority stake in a UK fine wine merchant backed by City grandee Michael Spencer. Societe Jacques Bollinger (SJB), the family group behind one of France's most prestigious champagne firms, is understood to have acquired a minority stake of up to 10 per cent in BI Wines & Spirits [...]
City fintech Yapily scores $5.4m from Transferwise founders and Localglobe May 30, 2019 London fintech startup Yapily has closed $5.4m (£4.3m) in seed funding from King’s Cross-based venture capital firm Localglobe and HZ Holtzbrinck Ventures. Other investors included Transferwise co-founders Taavet Hinrikus and Ott Kaukver, and C-suite executives from Twilio and Unicredit. Read more: Transferwise is Europe's most valuable fintech at $3.5bn Yapily will use the funding to [...]
Microsoft to open first UK store in London, one minute away from Apple’s Oxford Circus store May 30, 2019 Microsoft has announced it will open a UK flagship store in London this summer. The tech giant’s first physical UK store will open in Regent Street on 11 July, just a one minute walk away from Apple’s London flagship branch. Read more: Stockwatch: When you should buy Amazon and Microsoft The branch near Oxford Circus [...]
Rolex giant Watches of Switzerland begins London IPO debut with £650m valuation May 30, 2019 The UK’s largest seller of Rolex watches has begun life as a listed firm in the Square Mile today, having priced its shares towards the top end of the range it had targeted. Investors start trading in Watches of Switzerland on the London Stock Exchange today after the firm priced its shares at 270p, valuing [...]