Carl Icahn just invested $100m in Uber rival Lyft valuing it at $2.5bn May 15, 2015 The well-known activist investor Carl Icahn has made a massive investment in Uber rival Lyft. The underdog taxi hailing startup is getting a $100m (£63m) from the outspoken investor's Icahn Enterprises. It's an unusual move for Icahn who holds stakes in larger companies such as Apple and eBay Lyft has exclusive membership of the so-called [...]
English football clubs’ shortage of success in Europe is a risk for BT May 14, 2015 Gavin Patterson’s BT, which bid a sky-high £897m for the live rights to Champions League football for the next three years, could see the attractiveness of its package diminished if English clubs continue to perform badly in the prestigious competition next year. Four Premier League teams qualify for the competition but there are fears [...]
Center Parcs hires SSP chairman Vagn Sorensen just as new bidders Starwood and CVC Capital weigh in May 14, 2015 Center Parcs revealed yesterday it has hired a new chairman at the same time it emerged that Starwood Capital has teamed up with CVC Capital to consider a joint £2.5bn bid for the group. Private equity owner Blackstone launched a dual track process earlier this year to either sell or launch an initial public offering [...]
ITV a takeover target after Adam Crozier oversees dramatic turnaround May 14, 2015 Charlotte Henry watches a positive programme at ITV, unlike a few years ago. No wonder that takeover talk persists. In a conference centre in Westminster, some of ITV’s shareholders have assembled for the company’s annual general meeting (AGM). They broadly welcomed the progress of the share price, their positivity no doubt boosted by a [...]
Dascombe’s Panther will not be caught in Betway Yorkshire Cup May 14, 2015 BILL ESDAILE PREVIEWS BETWAY YORKSHIRE CUP DAY AT YORK MARCH’S Dubai winner BROWN PANTHER can add to his tally of high-profile wins when making his York debut in today’s Group Two Betway Yorkshire Cup (3.15pm). Tom Dascombe’s globetrotting seven-year-old has captured the hearts of many racegoers over the years and he should be popular in [...]
Ukip crisis: Party’s biggest donor Stuart Wheeler wants Nigel Farage to resign as aide Matthew Richardson offers his resignation May 14, 2015 Ukip has been sent spiraling into crisis after the party's campaign chief attacked leader Nigel Farage, calling him "snarling, thin-skinned, aggressive". Now Ukip's biggest donor Stuart Wheeler, a millionaire who gave the party £500,000, has called for Farage to resign – again – telling the BBC "If he wants to put himself up in an election [...]
It’s going to be a cold and wet summer in Britain, thanks to the El Nino May 12, 2015 Those hoping for sunshine and cloudless skies are going to be disappointed this summer – Australian meteorologists predict low temperatures and plenty of rain, and it's all because of the El Nino effect. The weather phenomenon, which is caused by variations in ocean temperature, can result in both droughts and flooding, and in the case [...]
Victory parade May 11, 2015 THE RED Arrows brought colour to the skies of London yesterday as part of a remembrance service to mark the 70th anniversary of VE Day (Victory in Europe Day). A military parade passed through Westminster, observed by crowds and over 1,000 veterans. Aircraft from the second World War also took part in the fly-past, commemorating [...]
General Election 2015: Cameron needs “time and space” to work on Europe, says Owen Paterson May 10, 2015 Eurosceptic ex-cabinet minister Owen Paterson has urged the general public to give David Cameron “time and space” to deliver change on Europe. The Prime Minister promised that if the Conservatives were re-elected at the 2015 General Election, a referendum on EU membership would be held in 2017. Given that they ended up winning a [...]
VE Day 2015 in pictures: This is how London marked the occasion May 10, 2015 On 8 May 1945, then Prime Minister Winston Churchill broadcast to the UK that World War II was over, as the Allied forces had successfully defeated Nazi Germany. Victory in Europe (VE) day, as it is known, has been celebrated across the continent every year since then, and Londoners never fail to pay their respects [...]