Euro 2024 mascot: London-based creator on how it was done June 24, 2023 City A.M. sat down with Darran Garnham, founder and chief executive of Toikido and creator of the Euro 2024 mascot. So, what makes a good mascot and what does Uefa tell you is off limits? Let’s find out. How did the Euro 2024 mascot come about? “There was an element of luck to it. The [...]
Bank of England hikes interest rates by 50 points to five per cent after inflation shock June 22, 2023 The Bank of England today reverted to steeper interest rate rises in a sign that embattled Governor Andrew Bailey and co have been spooked by much tougher than feared inflation. Bailey and the rest of the monetary policy committee (MPC) – the nine-strong group who set official interest rates in Britain – backed a 50 [...]
Saudi Arabia PIF to sell its shareholding in McLaren to Bahrain fund June 22, 2023 Saudi Arabia’s Public Investment Fund is to sell its shareholding in the McLaren Group to Bahrain’s Mumtalakat fund, according to Sky News. The deal will strengthen Mumtalakat’s position as the biggest shareholder in the supercar maker and Formula One team owner, Mark Kleinman reported. PIF, which has emerged as one of the biggest players in [...]
Andrew Bailey under fire from Government and City analysts ahead of rate hike June 22, 2023 Andrew Bailey and the Bank of England have been criticised for moving too slowly to clamp down on inflation
Ashes: Fifth day of first Test breaks broadcasting records for Sky Sports June 21, 2023 The final day of the pulsating first Ashes Test match between England and Australia broke broadcasting records for Sky Sports. A peak audience of 2.12m watched as Australia batted out the day and chased down 98 runs in the final session to take a 1-0 series lead. That’s the highest ever recorded peak audience figure [...]
Private equity firm Elliott joins £500m takeover race for Reiss June 21, 2023 US private equity firm Elliott Advisors has reportedly joined the race to takeover upmarket fashion brand Reiss from its current stakeholders Next and Warburg Pincus. Elliott has expressed interest in buying the fashion brand for upwards of £500m, Sky News has reported. Up to three parties are also keen to buy the brand, which is [...]
Karshare journey ends as firm runs out of cash and calls in administrators June 20, 2023 Karshare, the car rental service which raised nearly £10m from a number of wealthy owners, has ceased trading today after running out of cash. It has appointed accountancy firm Azets as an administrator, according to Sky News’ Mark Kleinman. The firm had previously raised close to £10m from a number of wealthy investors, including former [...]
Lookers: UK car dealership firm agrees to £465.4m buyout by Canada’s Alpha Auto June 20, 2023 British car dealership giant Lookers has agreed to be bought out by Canada’s Alpha Auto Group (AAG) after it launched a £465.4m acquisition, continuing a string of corporate deals in the sector. Global Auto Holdings Limited – the bidding vehicle for the takeover – announced the acquisition this morning, with the bid worth 120p per [...]
Bank of England risks steering UK into needless recession with more interest rate hikes June 20, 2023 Back in November, the Bank of England took the highly unusual step of explicitly telling financial markets to calm their sky high bets on where interest rates might end up. “Should the economy evolve broadly in line with the latest monetary policy report projections, further increases in bank rate may be required for a sustainable [...]
Pinewood-owner Aermont to enter £4bn race for Center Parcs June 19, 2023 Specialist real estate investor Aermont is likely to join the £4bn race for holiday resort chain Center Parcs, as reported by Sky News. Aermont, which operates in Europe, would join confirmed bidders KSL Capital Partners operating with Singapore’s Government Investment Corporation, and buyout giant CVC Capital Partners. Former Center Parcs owner Blackstone and infrastructure fund Antin are [...]