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 [...]
‘Personalised pricing’ could soon make it cheaper to buy your lunch at 3pm July 21, 2017 These days, consumers have generally come to terms with the idea the price they are asked to pay for, say, a train ticket or hotel room can fluctuate – and sometimes quite markedly – depending on when they make the purchase. It would presumably still come as a shock, however, if their local supermarket charged [...]
The London Stock Exchange Group has started using blockchain technology July 19, 2017 London Stock Exchange Group will use blockchain technology to help un-listed businesses make shareholding information more transparent. It will use IBM’s hyperledger technology to make the information of small and medium sized private companies digital, which the exchange hopes can give them access to more mature investors. A small trial will initially begin with Borsa [...]
FTSE 100 history: how the index has changed over 33 years July 3, 2017 The FTSE 100 index has just seen one of its quarterly changes with security firm G4S and real estate investment trust Segro promoted to the top 100. Although perhaps small in themselves, these regular events have changed the face of the UK’s leading index since it was formed in 1984. For the many investors whose [...]
SoftBank could be about to make Deliveroo a unicorn with talks of investment from Apple and Saudi-backed Vision Fund July 2, 2017 One of the UK’s star tech startups, Deliveroo, is on the verge of becoming a so-called unicorn, with SoftBank in talks over a potential investment. SoftBank’s Vision Fund, a huge new tech investment vehicle which has already backed several British tech companies, is in discussions to take a stake in the food delivery firm that [...]
One in six London workers are EU nationals as employers warily eye immigration restrictions June 29, 2017 More than one in every six workers in London are EU nationals, according to new research which underlines the vulnerability of the capital to restrictions on immigration after Brexit. Some 17 per cent of the London labour force come from the EU, by far the highest proportion among the British regions, according to the Recruitment [...]