Warehouse REIT heads for London Stock Exchange as it seeks to capitalise on the rise of e-commerce and consumer demand for fast deliveries August 21, 2017 A warehouse investment company that works with Amazon and Asda is planning to float on the London Stock Exchange. The real estate investment trust (REIT) is newly incorporated and will be seeking to raise £150m. After flotation, Warehouse REIT will seek to invest in UK assets in urban areas. It has already agreed to deal [...]
DAC Group has acquired Edinburgh-based digital marketing specialist Ambergreen August 15, 2017 Edinburgh based Ambergreen has joined forces with one of the largest independent digital marketing agencies in North America. When Canadian digital media agency DAC Group was exploring growth opportunities in Europe, Edinburgh-based digital marketing specialist Ambergreen was a natural fit. "DAC is headquartered in Toronto, Canada and has about 400 people across 16 offices,” explains [...]
Quarto Books (QRT) share price rises 27 per cent after mystery takeover approach August 8, 2017 Shares in book publisher Quarto leapt more than 27 per cent this morning after the company announced it was in talks about a potential takeover bid from a mystery buyer. The London-listed company said it had received an initial approach which “the board considers to be attractive and reflective of the inherent value of the [...]
Retailers back increase in contactless payment limit as transactions jump August 1, 2017 Retailers would back raising the contactless spending limit as the ultra-fast system for processing payments has pushed up transactions. Research released by Barclaycard today has found three-quarters of retailers who have introduced contactless payments into shops have experienced an uplift in transactions of 30 per cent on average. Read more: Is bPay a flop? Barclays' [...]
Amazon Development Centre Edinburgh devising and growing global innovations July 31, 2017 More than 4,000 miles from its global headquarters in Seattle, Washington, the world’s largest online retailer, Amazon, employs a crucial team of people at its Development Centre in Edinburgh. The hundreds of software engineers, machine learning scientists, designers and managers harness the latest technology and computer science to build features that help customers discover the [...]
London Heathrow airport confident of keeping airport charges ‘close to current levels’ during expansion as it unveils flying first-half earnings July 27, 2017 Heathrow said today it is making “good progress” towards meeting the task set by the government to deliver expansion without bumping up airport charges as it unveiled solid first-half results. Read more: Government says Heathrow vote will be pushed back until next year The figures Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) rose [...]
Amazon is now worth half a trillion dollars as market cap surges past $500bn ahead of earnings July 26, 2017 Amazon is now worth half a trillion dollars… yep, that’s trillion with a T and an R. The retail and technology giant’s market cap shot above the mark ahead of earnings due on Thursday and as stocks across the board on Wall Street were swept higher. Read more: Jeff Bezos is tantalisingly close to becoming [...]
Endless buys struggling iconic luggage brand Antler from private equity firm LDC July 26, 2017 Private equity house Endless, which specialises in moving businesses on after a challenging period, has bought struggling luggage retailer Antler from fellow firm LDC. Since LDC invested in the business in 2010, Antler has been through some tricky periods. In its last filed accounts, for the year ending December 2014, the company made an operating [...]
FTSE 100 private equity firm 3i announces £68m gains from weakening sterling as total return climbs July 26, 2017 The drop in sterling’s value may have caused a headache for some UK businesses, but London-listed private equity house 3i has managed to turn it to its advantage. Read more: Bank of England deputy governor says sterling depreciation could boost British business investment In its first-quarter performance update this morning, the European investor revealed its [...]
The FTSE in 2017: six charts that tell the story so far July 25, 2017 The FTSE 100, 250 and All-Share indices have all made strong gains and reached record highs in the first half of 2017. The strong performance of London-listed shares is somewhat surprising given the backdrop – June’s snap general election arguably left the government in a weaker position going into Brexit negotiations, while household finances are [...]