Goldman Sachs has sunk down the advisory rankings for UK M&A this year as Morgan Stanley pinches the top spot April 3, 2018 Goldman Sachs has seen a dramatic reduction in the value of UK mergers and acquisitions (M&A) it has advised on so far this year, falling from the top spot in the first quarter of last year to 12th in 2018. In the first three months of 2018, Goldman has been engaged on 15 announced deals [...]
Sky Bet fined £1m by the Gambling Commission for failing to protect vulnerable customers March 28, 2018 Gambling business Sky Bet has been lumped with a £1m fine from the Gambling Commission, for failing to protect vulnerable customers. The Commission found that Sky Bet’s “self-exclusion” service, which allows customers who feel they are having trouble controlling their gambling to request to be cut off, failed to work for the people who needed [...]
Great Ormond Street Hospital reverses decision to give back Presidents Club money March 27, 2018 Great Ormond Street Hospital (GOSH) will retain the money it was given by the scandal-hit Presidents Club. Trustees of the board officially ratified a decision today to keep £530,000 which it had originally pledged to return, Sky News reported. The children’s hospital was one of the recipients of cash raised by the club, which was [...]
House of Fraser’s lenders call in advisers EY as high street crisis continues March 24, 2018 House of Fraser has become the latest household name to send out warning signals, as its lenders have appointed EY as advisers to check its ongoing viability as a business. In a year that has already seen the collapse of Toys R Us and Maplins, a syndicate of banks acting as lenders to House of [...]
New Homes: What’s on sale in London this weekend in Hendon, Greenwich, Bow, Acton and the Docklands March 23, 2018 New developments on the market this week North West Four, Hendon From £675,000 Get more for your money in Zone Three with only a 30 minute commute to Bank. This gated development of 18 two and three bedroom apartments near Hendon Central station are also a 45 minute drive from four international airports. Spread across [...]
Roger Bootle’s research firm Capital Economics set for £95m sale to private equity firm Phoenix from LDC | City A.M. March 23, 2018 Economics is proving to be a profitable business for well-known City forecaster Roger Bootle, as he is set to sell his research firm Capital Economics for £95m. Founded by Bootle in 1999, Capital Economics will be pocketed by private equity firm Phoenix Equity Partners in a deal due to be inked next week, City A.M. [...]
Feeling brave? Then try bob rafting on the slopes of La Plagne March 23, 2018 If you’re the kind of skier for whom speeding backwards down a black run in an ice storm no longer delivers the requisite adrenalin kick, you need to try bob rafting. Mooted as an amateur’s alternative to bob sledding or the luge — which really should only be attempted by those with a death wish [...]
A sensible way to play the robotics megatrend March 21, 2018 In the next few decades, chief executives of major global corporations could all become redundant. They will be replaced by robots with highly-developed artificial intelligence, because machines are quicker, more rational and do not get bogged down with silly human emotions. That’s according to Jack Ma, the founder of Chinese internet behemoth Alibaba. Of course, [...]
Transport secretary says no border checks at Dover after Brexit March 16, 2018 Transport secretary Chris Grayling has said trucks coming into Dover will be checked after the UK leaves the European Union. Grayling told BBC Question Time it would be “unrealistic” to impose checks on lorries coming into the port, which, according to an Imperial College London study, could introduce traffic queues of up to 29 miles [...]
Lego beats British Airways, Gillette and Apple to top of UK consumer brand rankings March 12, 2018 Danish toymaker Lego has been voted the UK’s number one consumer brand in a survey of British shoppers. The toymaker, which is celebrating the 60th anniversary of the Lego brick this year, overhauled airline British Airways to top the so-called superbrand rankings for the first time. Shaving company Gillette took second spot on the list, [...]