Paddy Power and Betfair owner Flutter in talks for £2bn Snaitech deal August 14, 2024 Paddy Power and Betfair owner Flutter Entertainment is in talks to buy Italian gambling company Snaitech, the consumer division of Playtech, in a deal that could be valued at around £2bn. “Playtech confirms it is in discussions with Flutter and has granted Flutter a period of exclusivity to complete due diligence and finalise the necessary [...]
London security on high alert ahead of Taylor Swift gigs August 13, 2024 Taylor Swift will return to the UK on Thursday for a string of five gigs at London’s Wembley stadium, putting the capital’s security services on high risk – particularly in light of the cancellation of her shows in Vienna after a foiled terrorist attack. “We are seeing very tense times,” Yair Daren, director of London-based [...]
Unicorn digital bank Oaknorth to award first dividend after bumper profit August 13, 2024 Digital challenger bank Oaknorth has agreed to award its maiden dividend to shareholders after the fintech unicorn enjoyed a jump in profit last year.
Genuit: Construction supplier’s profit nearly halves as ‘subdued’ market conditions persist August 13, 2024 Sustainable construction supplier Genuit has posted a near halving of its profit for the first half of 2024 and said it expected "subdued" market conditions to persist for the rest of the year.
Boris Johnson sized up for Telegraph editor role amid bidding war August 12, 2024 Former Prime Minister Boris Johnson is reportedly being considered for the role of global editor-in-chief at The Daily Telegraph. The approach has been made by Johnson’s former chancellor, Nadhim Zahawi, who is spearheading a bid to buy The Telegraph and The Spectator, both of which are up for sale following a blocked Abu Dhabi-backed takeover, [...]
The Brewery: Royal Ascot caterer buys landmark City of London venue August 12, 2024 The company that provides catering for Royal Ascot has acquired a major large scale event venue in the City of London. Rhubarb Hospitality Collection (RHC) has snapped up The Brewery, which hosts more than 500 events a year, for an undisclosed sum from Paul Lewin. RHC itself was acquired by Oak View Group (OVG) in [...]
Tiktok strikes gold with Team GB: 25 per cent revenue surge in UK during Olympics August 9, 2024 Tiktok’s revenue has soared since the start of the Olympics thanks to an increase in advertising spend after it launched a campaign to debut GB athletes on the platform and as audience interest in the Games has piqued. The video sharing app, which is an official partner of Team GB and Paralympic GB, has revealed [...]
Mark Kleinman: If Britain is open for business, prove it August 8, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Vodafone launches next stage of £3.4bn shareholder value return plan August 7, 2024 Vodafone has launched the next stage of its share repurchase programme worth up to €500m (£430m). In March, the firm said it would return €4bn (£3.4bn) to shareholders as part of a broader capital allocation review in an attempt to appease jittery shareholders following asset sales. It kicked off the return in May with an [...]
Ahead of the Game: Treasury cost-cutting to hit Manchester United £2bn stadium plans August 7, 2024 Rachel Reeves could scupper Sir Jim Ratcliffe's more ambitious stadium hopes.