Unilever considers sale of Kate Somerville’s skincare line August 27, 2024 Kate Somerville’s premium skincare brand has become the latest Unilever brand to go up for sale as the group continues its restructuring plan announced earlier in the year. As well as Somerville’s eponymous facialist line, which the FTSE-100 giant has owned since 2015, it is also looking to offload sensitive-skincare specialist REN Skincare, according to [...]
UK minister urges de-escalation after Israel and Hezbollah exchange fire August 25, 2024 A major war in the Middle East is “a real danger”, a cabinet minister has warned following an escalation of hostilities between Israel and Hezbollah overnight. Early on Sunday, the Israeli military launched what it described as “pre-emptive” strikes against the militant group in southern Lebanon, saying it had detected plans to attack Israel. Hezbollah, [...]
Insanity far from a mad bet in Friday’s opener August 22, 2024 YORK is a very hard place for jockeys to ride winners, but Rossa Ryan has one of the best strike-rates in the weighing room at 16% and I fancy him to land the opening 1m4f Sky Bet Handicap (1.50pm) with INSANITY. Alan King’s four-year-old had a couple of starts over hurdles last December, which didn’t [...]
Former Fujitsu supplier Escher Group eyes London stock market comeback August 22, 2024 Escher Group, a former supplier to Fujitsu, the tech giant embroiled in the Post Office scandal, is reportedly planning a return to the London Stock Exchange after its delisting in 2018. The software company is working with bankers from Singer Capital Markets on a potential initial public offering (IPO) that could occur as early as [...]
‘It can be spaghetti out there’: can Cityfibre take on BT? August 22, 2024 The UK’s altnet industry is a tangled mess of “spaghetti” – at least, that’s how the boss of Cityfibre put it earlier this year. Altnets, or alternative networks, such as Cityfibre, Gigaclear and Community Fibre, have emerged as competitors to the UK’s broadband giants Virgin Media O2 and Openreach. Despite their smaller scale, they have [...]
UK tech tycoon Mike Lynch among five bodies confirmed in Sicily yacht disaster August 22, 2024 Five bodies have been founded following four days of searching after a superyacht sank, one of the bodies is confirmed to be UK tech mogul Mike Lynch
Mark Kleinman: Britain’s fibre infrastructure proves hard to digest August 22, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at the UK’s altnet sector, a jilted housebuilder and Thames Water’s leaky boardroom. Britain’s fibre infrastructure proves hard to digest Time to hang up? That’s the way many investors feeling about [...]
5 reasons why Green Man festival is absolutely amazing August 21, 2024 With music, science, craft beer and traditional dancing high in the picturesque Brecon Beacons, the Green Man festival has become a staple of the UK music festival scene over the past 20 years. More than music, it has developed a reputation for its friendly atmosphere, but the wide variety of folk and live acts, and [...]
BT drags down FTSE 100 after shares slump August 20, 2024 BT shares slumped five per cent in early deals this morning after it was revealed that Sky had struck a broadband deal with one of its biggest rivals. Shares in the FTSE 100 telecoms giant extended losses to trade as low as seven per cent by mid-day. The stock’s performance dragged down the wider FTSE [...]
Flexjet: Increasing popularity of private jets helps UK sales soar August 20, 2024 The UK arm of private jet company Flexjet is eyeing further growth in Europe after increasing its sales and cutting its pre-tax loss during its latest financial year. The London-based division of Flexjet, which operates in the fractional ownership market, has posted a turnover of £40.9m for 2023, up from £38.4m in 2022. Newly-filed accounts [...]