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 [...]
Next-generation fighter aircraft unveiled in aersoapce plan to bolster UK defence industry post-Brexit | City A.M. July 16, 2018 Plans to build a next-generation fighter aircraft were unveiled by the Government today, in a move which will bolster Britain’s post-Brexit defence capabilities and sustain thousands of jobs in the UK aerospace sector. Defence secretary Gavin Williamson outlined details of a £2bn programme which will see a new cutting-edge sixth-generation fighter jet model, christened “The [...]
British Steel secures £90m in fresh debt funding from US investors 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 [...]
Next-generation fighter jet unveiled in £2bn boost to defence industry July 16, 2018 Plans to build a next-generation fighter aircraft were unveiled by the Government today, in a move which will bolster Britain’s post-Brexit defence capabilities and sustain thousands of jobs in the UK aerospace sector. Defence secretary Gavin Williamson outlined details of a £2bn programme which will see a new cutting-edge sixth-generation fighter jet model, christened "The [...]