Trainline owner mulls £1bn sale as IPO plans build up head of steam May 15, 2019 The owner of ticketing firm Trainline is reportedly exploring a sale of the company alongside plans for a £1bn stock market listing. Read more: UK's biggest travel booking app Trainline considers £1bn flotation US investment giant KKR, which has owned Trainline since 2015, has approached a number of private equity groups to gauge interest in [...]
From ticket prices to stellar salaries, you can’t take the economics out of football May 15, 2019 The appearance of Liverpool and Spurs in the Champions League final and Arsenal and Chelsea in the Europa Cup one has generated massive interest. But the official ticket prices for the games are surprisingly reasonable. Liverpool and Spurs have been offered 16,613 tickets each. Five per cent of these are expensive, at £513 each. A further [...]
XLN founder weighs selling controlling stake in telecoms firm May 14, 2019 The entrepreneur who founded London-based telecoms services firm XLN is considering selling his controlling stake in the company. Christian Nellemann, who set up the business 17 years ago, is working with bankers at Lazard on an auction process, which could value XLN at more than £250m, Sky News reported. Read more: Revealed: The worst telecoms [...]
British Steel seeks further £75m loan from government to avert collapse May 14, 2019 Britain’s second-largest steel manufacturer is looking to Whitehall for a second emergency loan in a matter of weeks. British Steel today said it has asked the government for a support package, believed to be as much as £75m, citing “Brexit-related issues”. Little over a fortnight ago the company was handed £120m to pay an EU [...]
DEBATE: Is it possible for Donald Trump to ‘win’ the trade war with China? May 14, 2019 Is it possible for Donald Trump to ‘win’ the trade war with China? Dr John Hemmings, director of the Asia Studies Centre at the Henry Jackson Society, says YES. While many people blame Donald Trump’s “America First” policy for the trade war, it’s likely that Hillary Clinton would have done the same, since Beijing’s leadership has [...]
Folding bike firm Brompton searches for new chairman ahead of expansion May 13, 2019 Folding bike company Brompton is searching for a replacement for its chairman as it aims to double in size over the next five years. The company has appointed headhunters to find a successor to its long-serving chairman Tim Guinness, Sky News reported. Read more: Alibaba-backed Ofo pulls bikes out of London boroughs The British bike [...]
SALT to taste May 13, 2019 It was quite a week, even for a seasoned traveller like me. London to New York; New York to Los Angeles; LA to Las Vegas; Vegas to Los Angeles; then, eventually, home, happy but exhausted. I’ve crossed the Atlantic countless times, and it always makes me excited and full of anticipation; the US really can [...]
Tariffs are just the first shot in the looming US-China war May 13, 2019 As a friend of mine who works in higher maths put it: “John, if America as an integer is present in every major foreign policy equation, and if after 75 years that integer radically changes, then everything changes”. Donald Trump’s America is that rarest of beasts: the strongest global power distrustful of the very global order [...]
Goals Soccer Centres chief executive to quit to join British Olympic Association May 12, 2019 The chief executive of Goals Soccer Centres, the five-a-side football venue operator, is stepping down weeks after the company’s shares were suspended following a £12m accounting error. Andy Anson, who has been in the role for a year, is stepping down to take on the chief executive job at the British Olympic Association (BOA), Sky [...]
India’s Hinduja brothers top Rich List for third time as Jim Ratcliffe loses out May 12, 2019 Britain’s 1,000 richest people have again had their respective fortunes stacked against each other to determine the most wealthy person in the country, in the 2019 Sunday Times Rich List. This year it was bad news for Jim Ratcliffe, owner of chemicals giant Ineos, who dropped to third place after topping last year’s list, while [...]