Fever-Tree seeking to put fizz into market June 30, 2014 Premium mixer-maker Fever-Tree could be floated on the stock market. According to Sky News, LDC, the buyout division of Lloyds Bank, is about to call in Investec to oversee a review of its investment in Fever-Tree. It was set up in 2005 by Charles Rolls and Tim Warrillow with the aim of targeting consumers’ willingness [...]
Conservatives rule out all women shortlists for the general election June 30, 2014 THE CONSERVATIVE party will not introduce all women shortlists for the 2015 general election, a well-placed Conservative party source confirmed yesterday. The news comes after the party’s women’s minister Nicky Morgan hinted last week that the Conservatives might consider shortlisting only female candidates in some seats, to boost the number of women in Westminster in [...]
Interest rates could jump back to five per cent – Sir Charlie Bean June 30, 2014 Outgoing Bank of England deputy governor Sir Charlie Bean said yesterday that rates could eventually go back to five per cent, the long-term average during his last interview as an official at the institution. “I think it’s plausible over the very long run that these headwinds will abate. It might well be reasonable to think [...]
Charlie Bracken: The man behind Liberty Global’s deal spree now has his eyes on Europe June 30, 2014 Finance boss Charlie Bracken tells Oliver Smith why content is king With a cable network connecting over 24m households across Europe, a figure that will jump to 28m when its €10bn (£8bn) takeover of Netherlands cable operator Ziggo closes later this year, finance chief Charlie Bracken believes that content is fast becoming the new [...]
The nominations roll in as we launch our awards June 29, 2014 It’s that time of year again – City A.M. is today launching its fifth annual awards, one of the most hotly anticipated occasions in the City calendar. The event, which celebrates those who have helped put the City of London at the centre of the world’s financial markets, will take place on 13 November at [...]
Kennaugh and Trott sprint to road race titles June 29, 2014 TEAM Sky’s Pete Kennaugh won a sprint duel with colleague and friend Ben Swift to claim his first British National Road Race Championships title yesterday in Abergavenny. Kennaugh repeatedly failed to lose Swift during the last two laps but beat him to the line, with Orica GreenEdge’s Simon Yates third. “On the last lap it [...]
Review: Shangri-La at The Shard June 27, 2014 Every major city from Toronto to Tokyo has its share of castles in the sky, towering hotels offering panoramic views. But waking up to the sun rising over the Square Mile – the Gherkin and the Cheese Grater rising out of the morning fog – must be among the most impressive. My room was on [...]
BT facing fines over Openreach repair targets June 26, 2014 British telecoms giant BT could face fines if it does not meet new targets to repair its extensive UK telephone and broadband network, Ofcom said yesterday. New rules that come into force on Monday require BT’s Openreach infrastructure division to fix 70 per cent of faults – in the network used by BT’s own customers, [...]
Investors in Daisy probed June 24, 2014 THE TAKEOVER Panel is said to be investigating whether two investors in telecoms group Daisy have been colluding over their combined shareholding in the Aim-listed firm. The panel has written to Invesco Perpetual and Oakley Capital, which together own about 36 per cent of Daisy, to ask for their views about whether they should be [...]
Twitter turned down $500m offer from Facebook June 23, 2014 One of Twitter’s founders has revealed how the fledgling company turned down an offer from Facebook to buy the company for $500m. Speaking to Sky News, Biz Stone said that a meeting between himself, co-founder Ev Williams, and Facebook founder Mark Zuckerberg, resulted in an offer being made for the then startup. Stone said the [...]