Safari From Above: We take to the skies over Botswana for a whole new perspective on African safari July 20, 2018 Viewed from above, an elephant is a curious sight. Longer and considerably heavier than the light aircraft I was flying in, each member of the herd was unperturbed by the fact that our descent onto the dirt airstrip was only a few tens of metres above their heads. In fact, the only one who was [...]
Last Week in the City: August rate rise now less likely July 20, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (16 to 20 July 2018). The chances of an interest rate rise at the Bank of England’s August meeting appeared to recede this week after inflation data was more subdued than expected and retail sales data [...]
Microsoft soars past $100bn revenue mark, boosted by the power of the Cloud | City A.M. July 19, 2018 Software and PC giant Microsoft had its best year ever in 2018, beating analyst estimates to score $110.4bn (£85.1bn) in revenue at a year-on-year increase of 14 per cent. It reported $30.1bn in revenue for its fourth quarter, beating already high consumer estimates of $29.17bn. Diluted earnings per share came in at $1.15 for the [...]
Private Equity firm Exponent wades in with higher offer for magazine publisher Dennis July 19, 2018 Private equity firm Exponent has beaten a bid from the Daily Mail’s owner to buy the publisher of current affairs magazine The Week. Exponent Private Equity is in talks to buy Dennis Publishing, which makes The Week along with other titles including Viz. Sky News reported the group could pay between £150m and £200m for [...]
Luxury car maker Aston Martin has unveiled a flying car dubbed the ‘sports car for the skies’ | City A.M. July 19, 2018 Luxury fast-car manufacturer Aston Martin has unveiled a futuristic flying vehicle that has been dubbed the “sports car for the skies”. The three-seater hybrid electric vehicle was announced yesterday at the Farnborough Airshow, in a bid to compete with giants like Google and Uber in the race to revolutionise commercial air travel. Formally named the [...]
Airbus and Boeing reach sky-high orders as Farnborough Airshow begins to wind down July 19, 2018 Leading plane manufacturers Airbus and Boeing have won combined orders for nearly 1,000 aircraft at the Farnborough AirShow so far this week, as the UK’s biggest calendar event for the aerospace and defence sector draws to a close. In a week-long competition to land multi-billion dollar deals, Boeing beat Airbus to the top spot with [...]
Steak restaurant chain Gaucho has filed for administration July 18, 2018 Steak restaurant Gaucho is expected to fall into administration as early as today after rescue talks for the chain failed. The company has filed a notice of intention to appoint an administrator, it confirmed this morning. “Despite an extensive options process which attracted proposals from a number of parties, it is with regret that due [...]
Steak restaurant chain Gaucho has filed for administration | City A.M. July 18, 2018 Steak restaurant Gaucho is expected to fall into administration as early as today after rescue talks for the chain failed. The company has filed a notice of intention to appoint an administrator, it confirmed this morning. “Despite an extensive options process which attracted proposals from a number of parties, it is with regret that due [...]
How county cricket is fighting back by embracing live streaming | City A.M. July 17, 2018 Depending on who you listen to, county cricket is either in bloom or wilting on the vine. Its flagship event, at least in theory, is the County Championship – a venerable 128-year-old competition which sees 18 counties play four-day matches throughout the summer. It has taken some flak in recent years – and not just [...]
British Steel secures £90m in fresh debt funding from US investor White Oak Global Advisors | City A.M. July 16, 2018 Providing hope to an industry rattled by heavy tariffs imposed on US imports and Brexit trade deal uncertainty, Scunthorpe-based British Steel has landed £90m in debt funding from US investor White Oak Global Advisors. The new financing, first reported by Sky News last night, will be announced alongside the company’s hotly anticipated full year results [...]