Forgotten, forgotten the fifth of November? Here are the free London fireworks displays you won’t need tickets for November 3, 2016 How do you remember, remember the fifth of November? With a spectacular fireworks display, of course. But what do you do if you’ve forgotten, forgotten the fifth of November and haven’t bought a ticket yet? We’ve rounded up all the free bonfire nights in London so you get a chance to catch some Guy Fawkes [...]
Inmarsat’s share price flies up 10 per cent after releasing starry-eyed results November 3, 2016 Shares in satellite group Inmarsat reached for skies today after revealing better than expected third quarter results. The group's aviation division grew revenues by 10 per cent to $36m (£29m) having been boosted by mopping up contracts with some of Europe's largest airlines. These included an agreement with British Airways to provide wifi on its short haul [...]
Watch this space: UK jewellery chains put up for sale November 2, 2016 The owner of some of the UK’s best-known jewellery chains has put them up for sale. Aurum Holdings, which is owned by US-based investment firm Apollo Global Management, has reportedly begun interviewing banks as it seeks to sell Goldsmiths, Mappin & Webb and Watches of Switzerland. Read more: Siran Manoukian on the inspiration for her [...]
This brewer just launched a beer made from cloud water November 2, 2016 An Edinburgh-based brewer has just launched its new beer – made using water harvested from clouds. A team of four from Innis & Gunn flew an airbourne device over Dumfries and Galloway in Scotland to collect cloud water, which was used to make 500 pints of its new India pale ale. Read more: Kim Jong-un slashes beer [...]
Semi-finalists Manchester City earned more Champions League prize money than winners Real Madrid November 1, 2016 Manchester City earned more prize money for their run to the Champions League semi-finals last season than Real Madrid did for lifting the trophy. City received €83.9m from governing body Uefa for their best ever run in the competition – the highest payment of any club, including Real, who banked €80.1m for winning the title for a [...]
HSBC UK expected to name former London Stock Exchange boss as chair October 31, 2016 Dame Clara Furse is close to being named chair of HSBC UK, the new ring-fenced retail bank, it has emerged. The former chief executive of the London Stock Exchange Group could be appointed as early as tomorrow, Sky News first reported. As part of the move – which would be subject to regulatory approval – she would [...]
Damian Green tells businesses to “assume nothing” over Nissan October 31, 2016 There's been increasing clamour for the government to show its hand on just what assurances were made to keep Nissan manufacturing in Sunderland. But when asked on whether the UK would remain in the customs union, Damian Green said on BBC Radio 4 that businesses should "assume nothing at the moment, because, I think a lot [...]
KKR-backed oil and gas group targets UK fracking company’s assets October 30, 2016 A private equity-backed oil and gas group is reportedly mounting an aggressive raid on the assets of a British fracking company. Trans European Oil & Gas (TEOG), which is backed by Wall Street’s Kohlberg Kravis Roberts (KKR), is pushing IGas Energy to sell its conventional resources arm. Read more: More than 64 per cent of [...]
Sir John Parker’s diversity review wants all-white FTSE 100 boards to end by 2021 October 29, 2016 2021 will be the year all-white boards at FTSE 100 firms are over. At least if Sir John Parker has his way. According to Sky News, the findings from Sir John Parker's review into diversity on boards will be unveiled in a government-backed report next week. The report will state that Britain's biggest firms should have [...]
Hermes joins China’s sovereign wealth fund in National Grid bid October 27, 2016 Hermes Investment Management has joined a bid led by the Chinese government for a stake in the National Grid's gas pipe network. City A.M. understands that people working on the deal have become increasingly wary of government scrutiny. Theresa May's administration announced recently that it would be making reforms to its approach to "the ownership [...]