Telecoms firms to profit off broadband price hikes when contracts expire August 29, 2018 Telecoms firms stand to profit as customer contracts expire, with UK households on standard speed deals facing price hikes of as much as 82 per cent the day after their contract runs out. Standard broadband contracts jump by an average of £152 per year a day after they end, according to data from comparison site [...]
Wonga’s brand perception is struggling amidst negative headlines August 29, 2018 Over the last week rumours have swirled around one of Britain’s biggest payday lenders, Wonga, with suggestions that the brand may be close to collapse. This apparent crisis facing the short-term loan provider relates to an apparent surge in customer compensation claims. Wonga’s financial issues have resulted in a £10m emergency cash injection from shareholders [...]
Aston Martin to announce £5bn stock market listing August 28, 2018 Luxury car brand Aston Martin is set to announce its long-awaited £5bn stock market listing. The luxury car-maker will announce on Wednesday – alongside interim results – its intention to list on the London Stock Exchange in the autumn, according to Sky News. The launch of Aston Martin's initial public offering (IPO) will involve the [...]
Payday lender Wonga pushed to the brink as claims management companies look for ‘next PPI’ August 27, 2018 Payday lender Wonga is considering insolvency among the options as it tries to deal with a deluge of complaints from claims management companies looking for “the next PPI”. Wonga said it is assessing “all options” for the group, which is struggling under the burden of a large number of compensation claims. The controversial firm raised [...]
Clock’s ticking: Payday lender Wonga is ‘on the brink of collapse’ following a spike in customer claims August 26, 2018 Embattled payday lender Wonga is facing insolvency, just three weeks on from receiving an emergency £10m cash injection. The London firm is expected to appoint Grant Thornton to act as its administrator if its board decides Wonga cannot avoid falling into insolvency, Sky News first reported. Today's administration fears follow several enquiries from claims management companies [...]
Dragons’ Den tycoon to sell a substantial stake in his £350m health and leisure business August 23, 2018 Former Dragon's Den investor Duncan Bannatyne is shopping around a "substantial" minority stake in his hotel-to-gym empire, which could value the business at £350m. Two years on from an abandoned flotation of the business, Bannatyne has hired DC Advisory to attract entrepreneurs towards his health and fitness chain Bannatyne Group, Sky News first reported. The group itself [...]
Horse Racing Betting Tips: Eagle to swoop and land massive Ebor pot for Botti August 23, 2018 THERE aren’t many races during the season that are worth £1million, but in 12 months’ time that is exactly what will be up for grabs in the Sky Bet Ebor (3.40pm). That’s an incredible amount for a handicap and this year’s £500,000 certainly isn’t to be sniffed at. The result of this massive prize money [...]
Horse Racing Betting Tips: Fahey’s Space Traveller to leave punters over the moon August 23, 2018 FOR RICHARD Fahey, the Ebor Festivval is like Royal Ascot. There’s no other meeting on the racing calendar the Malton-based trainer targets more than these four days on the Knavesmire and he may well be rewarded this afternoon. In the Group Two Gimcrack Stakes (3.00pm) he saddles SPACE TRAVELLER, who looks to have strong claims [...]
Playtech profits fall due to “disappointing” Asian markets as chairman scoops pay rise August 23, 2018 Gambling software manufacturer Playtech has reported a 34 per cent in profits due to “disappointing” Asian markets. The gaming and casino software provider said adjusted net profit had fallen to €83.3m (£74.8m) in the first half of the year, despite revenue rising four per cent. Despite the profits falls, the company awarded chairman Alan Jackson [...]
Comcast extends deadline for Sky shareholders to accept £26bn offer August 23, 2018 Comcast has extended the deadline for Sky investors to accept its £26bn offer to buyout the company, a statement revealed last night. Shareholders now have until 12 September to green light the US media company's 14.75 per share offer. It follows 0.2 per cent of Sky investors giving their consent by the previous deadline yesterday. Most [...]