Hilco Capital circles embattled retailer Links of London September 4, 2019 Homebase-owner Hilco Capital is circling troubled jewellery retailer Links of London. The vulture fund is among a number of bidders for Links, which is trying to secure a rescue deal in the coming days, according to Sky News. Read more: Folli Follie hires advisers to weigh up Links sale A deal is likely to be [...]
Stirling Industries tables £190m bid for Apple Watch supplier Ipsen September 3, 2019 Industrial acquisition firm Stirling Industries is said to be close to snapping up Apple Watch supplier Ipsen International for £190m. Aim-listed Stirling, which was set up last year, is on the brink of closing the takeover of Ipsen, which provides heat treatment services for hardening steel in products across a range of industries. Read more: [...]
Bond fund giant Pimco ‘vying to buy’ £5bn taxpayer-owned loan portfolio September 3, 2019 Global investment giant Pimco is reportedly among the bidders looking to snap up the final tranche of taxpayer-owned customer loans issued in the wake of the financial crisis a decade ago. The bond fund manager is eyeing a possible bid for the £5bn loan portfolio, according to Sky News, in a City sale that marks [...]
Construction industry output ‘drops like a brick’ to a decade low September 3, 2019 Britain’s construction industry suffered its sharpest decline in new work in more than a decade last month, as economic uncertainty hampered decision making among customers. New orders slumped at their worst rate since March 2009, according to closely-followed industry barometer the IHS Markit Purchasing Managers’ Index (PMI), which read just 40 for the category where [...]
Pie in the sky? London urged to plan for flying taxi future September 2, 2019 Airbus will tomorrow urge London authorities to plan for a future in which electric air taxis roam the skies and drones carry cargo a few thousand feet above the city. The aviation juggernaut has already built a prototype air taxi, as have arch rivals Boeing, Uber and several other manufacturers. Airbus will urge city planners [...]
Iran tensions: Britain ‘could send military drones’ to Gulf September 2, 2019 Britain is said to be considering whether to send military drones to the Gulf as tensions with Iran continue to simmer, following its seizure of a British flagged oil tanker in July. The Royal Air Force (RAF) has a number of Reaper drones based in nearby Kuwait and operating in Iraq and Syria, which could [...]
Sajid Javid to meet City figures for talks on a no-deal Brexit September 1, 2019 Sajid Javid will meet key City figures tomorrow in a bid to persuade them that a no-deal Brexit could provide opportunities for businesses. The chancellor is to hold a meeting with the bosses of financial powerhouses such as Barclays, Goldman Sachs and the London Stock Exchange Group on Monday, which will also be attended by [...]
Michael Gove suggests government could ignore rebels’ anti-no deal law September 1, 2019 Cabinet minister Michael Gove has hit back at Tory rebels by suggesting the government could ignore any new law they pass to thwart a no-deal Brexit. Gove, who is in charge of the government’s no-deal Brexit preparations, was asked by the BBC whether the government would abide by any legislation that MPs might be able [...]
Williams Formula One team owner considering sale of engineering arm August 31, 2019 The owner of the Williams Formula One team, Williams Grand Prix Holdings, is exploring the possibility of selling its engineering arm. The company has been approached by several parties looking to acquire Williams Advanced Engineering (WAE) and a sale could raise tens of millions of pounds for the racing team, according to Sky News. Read [...]
Revealed: The office jargon buzzwords Londoners detest August 30, 2019 Did you get the memo? Business jargon is driving London’s workers up the wall. Yes, it appears that office workers spared a little of their bandwidth to feeding back on their most-hated phrases that pollute emails, meetings and general workplace chatter. Read more: Pensions jargon busted: your guide to the experts’ complex lingo Mobile business [...]