Funding Circle founder gets $30m injection for new Super Payments firm April 20, 2022 The founder of fintech lender Funding Circle has bagged $30m backing for a new payments startup aiming to take on behemoths like Visa and Mastercard.
Ganymede wine list is a breath of fresh air April 19, 2022 Nestled in reassuringly expensive Belgravia is cosy corner restaurant Ganymede, with that kind of understated elegance that appeals to comfortably well-heeled patrons. Escaping the drizzle without, we headed indoors to be welcomed by the heady scent of perfumed candles and pleasantly smiling staff ushering us towards polished wooden tables and green leather booths. Hard pressed [...]
P&O could face bankruptcy following insurance increase, analysts warn April 19, 2022 P&O could face bankruptcy, analysts told City A.M. as they warned a drop in the ferry operator’s safety rating is set to see its insurance bills soar. The company faces a “sky-high insurance bill” after its safety ratings sank to the “riskiest bracket,” in the face of mounting scrutiny from the UK government over its [...]
The City View: Michael Hewson on Germany’s Russian energy oversights and Merkel’s legacy April 19, 2022 Today Andy Silvester talks to Michael Hewson, Chief Markets Analyst at CMC Markets. They go through the latest IMF forecasts, which included downgrades and the worst growth forecast in the G7 for the UK; Germany’s exposure to energy price fluctuations, the mounting pressure to reduce its dependency on Russian oil and gas, and Angela Merkel’s [...]
Former Ferrari executive Michael Leiters in pole position to head McLaren Automotive April 19, 2022 Former Ferrari executive Michael Leiters is reportedly in the pole position to head McLaren’s car making business, McLaren Automotive. Leiters, who stepped down from his chief technology officer post in December, is among the candidates currently vetted to replace McLaren Automotive’s chief executive Mike Flewitt. It is unclear whether Leiters has agreed to take over [...]
Millions of Brits cancel streaming services as cost of living crunch sets in April 19, 2022 More than 1.5 million people have cancelled streaming platform memberships in the first quarter of 2022, as the cost of living crunch closes in on entertainment firms.
P&O to face soaring insurance bill after sinking to riskiest safety rating April 18, 2022 P&O is to face soaring insurance bills after it sank to the riskiest safety rating, with its performance deemed “very low.” According to an analysis of an international database of inspections, P&O was previously awarded a “medium rating,” but after it sacked 800 seafarers and replaced them with agency workers the rating sank. “It’s very [...]
Billionaire beer heir and George Osborne enter the fray in Chelsea sale race April 18, 2022 An American billionaire beer heir and former chancellor George Osborne have joined separate bids to buy Chelsea Football Club, with a decision on the sale now expected this month. Sky News reports Alejandro Santo Domingo, who sits on the board of Budweiser owner AB InBev, is a part of an investor group led by ex-Liverpool [...]
Henry Moser weighs up £2bn Together buyout April 17, 2022 Together Financial Services has asked private equity firms to submit indicative offers this month, valuing the company at £1.5bn.
Tanker carrying 42,000 tonnes of Russian oil stopped by activists off UK coast April 14, 2022 A tanker carrying 42,000 tonnes of Russian oil was stopped by environmental activists off the Linconshire coast. Greenpeace campaigners confronted the vessel, the Seavictory, near the port of Immingham, demanding it turn around. The boat’s captain said it was carrying Russian cargo – which the UK has committed to banning by the end of 2022 [...]