Revolut crowdfunders in line for 400 times return on investment December 5, 2024 Some of Revolut’s earliest investors are in line for 400 times returns after taking a punt on a fledgling fintech that has grown into a banking titan. The British start-up’s early backers, including participants in two crowdfunding rounds, have been offered the chance to sell down their holdings in a secondary share sale. Brokered by [...]
Typhoo is bought out of administration – but is the brand weak tea? December 5, 2024 YouGov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. This week, Typhoo was bought out of administration for £10m by the Mancunian vape-maker Supreme. The tea-maker had been in financial trouble in recent years, and the new owners have pledged to outsource manufacturing and reduce overheads. But in [...]
Premier Sports boss on Champions Cup, 24/7 rugby channel and rights December 5, 2024 Ahead of the Investec Champions Cup, City AM sat down with Richard Sweeney of Premier Sports as the broadcaster takes on European rugby’s rights. When the Champions Cup TV deal between TNT Sports and European Professional Club Rugby (EPCR) came to an end, many assumed a copy-and-paste agreement would see the partnership continue. But the [...]
New technology will help the West rebuild a military industrial base December 5, 2024 Every time you read about wasted government cash, remember they could be spending on keeping us – and the free world – safe, says James Price “Defence is of much more importance than opulence”. This might seem, to the discerning City AM reader, an obvious point. But both in the days when Adam Smith wrote [...]
Another London-listed firm goes private as deals bonanza accelerates December 4, 2024 Another London Stock Exchange-listed firm waved through a take-private deal today in the latest of a torrent of exits from the City’s bourse this year. Learning Technologies, an AIM listed edtech company, agreed to an £836m takeover from US private equity behemoth General Atlantic, making it one of 45 listed companies to sell-up or enter [...]
If Starmer really wants to change Britain, he’ll need more than targets December 4, 2024 In a major speech today, Keir Starmer will outline his ‘plan for change’, but the public didn’t vote for targets, they voted for transformation, says Anna McShane Politics moves very quickly. Just as the first 100 days came and went, within a blink of an eye we’ll find ourselves heading towards another election and asking [...]
England new boy gets central contract and another chance to impress December 4, 2024 England newcomer Jacob Bethell has received a double dose of good news, keeping his place for the second Test against New Zealand and landing a two-year central contract. Bethell made an unplanned Test debut in last week’s series-opening win in Christchurch – only coming into consideration after Jordan Cox broke a thumb in practice – [...]
Lloyds boss says motor finance scandal poses threat to UK economy December 4, 2024 The chief executive of Lloyds Banking Group has warned that controversy over now-banned motor finance deals poses a threat to the UK economy. Speaking at the Financial Times’ Global Banking Summit on Wednesday, Charlie Nunn said a shock court ruling in October over ‘secret’ car loan commissions “creates an investability problem” for Britain’s wider consumer [...]
Sumo coming to London and Royal Albert Hall for second time in 1,500 years December 4, 2024 Elite Sumo wrestling will return to the Royal Albert Hall for the first time since 1991 as the Japanese sport ventures away from its founding shores for just the second time in 1,500 years. The iconic London venue will be transformed to host an official basho as part of the Grand Sumo Tournament next October. [...]
Public spending to ‘boost growth’ next year, but inflation also set to spike December 4, 2024 In its latest economic outlook, the Organisation for Economic Co-operation and Development (OECD) projected that growth would pick up to 1.7 per cent in 2025.