Will one of these 26 companies joining Tech City’s Future Fifty become the new Zoopla or Just Eat? March 7, 2018 An AI-driven cybersecurity company, a fashion industry analytics business and a tech-based language teaching company are among the 26 UK startups that have been identified as potential future tech stars. Darktrace, Featurespace and Firefly are among the companies joining companies such as SpitfireAudio, Thread and Superawesome on Tech City’s Future Fifty programme. Future Fifty alumni [...]
These are the stocks to long and hortin the aftermath of Italy’s general election, according to algos at Quant Insight March 4, 2018 Italy’s general election today could have profound consequences on European markets, and certain stocks will be winners or losers. Analytics firm Quant Insight, which counts a number of global asset managers and hedge funds on its books, uses powerful algorithms to track which stock could benefit from specified outcomes. Ladbrokes Coral, Capita, Royal Dutch Shell [...]
Mike Ashley ups Sports Direct’s stake in Debenhams March 2, 2018 Mike Ashley’s Sports Direct has upped its stake in high street retailer Debenhams to more than a quarter. Debenhams shares were up over four per cent at lunchtime after it was revealed that Sports Direct’s stake is now 29.7 per cent. This brings it close to the threshold at which a formal takeover bid must [...]
British Paralympic Association launches new UK classification code February 28, 2018 British Paralympic chiefs have responded to concerns about possible manipulation of the system by launching a new classification code for UK athletes. After consulting with over 390 stakeholders in UK sports, the British Paralympic Association has issued a new code which it says will provide clearer guidelines over classification. Athletes will also be better equipped [...]
Chris Tremlett: White ball-only contracts are the future of English cricket February 21, 2018 Alex Hales and Adil Rashid opting to sign white ball-only contracts with their counties has caused a stir but I say fair play to the pair of them – they certainly won’t be the last players to concentrate solely on limited-overs cricket. I understand the fuss, which is accentuated by Hales and Rashid having played [...]
Game Digital’s shares jump on news of e-sports areas in Sports Direct’s stores February 12, 2018 Game Digital’s shares have jumped by 10 per cent this morning after it announced it was opening e-sports areas in Sports Direct’s shops. Sports Direct bought a stake in Game in July last year after the company issued a profit warning. Today, chief financial officer Jon Kempster said the new partnership with Game showed how [...]
Phantom Thread review: Daniel Day-Lewis bows out with fantastically creepy period drama directed by Paul Thomas Anderson February 2, 2018 There are few more enticing prospects than Paul Thomas Anderson, one of our greatest living filmmakers, directing Daniel Day-Lewis, one of our finest actors. Throw into the mix the frisson of extra excitement that comes with Day-Lewis’ claim that this will be his final acting role, and you have the ingredients for something unmissable. [...]
The government is looking into whether companies are using share buybacks to inflate bosses’ pay January 28, 2018 The government could crack down on share buybacks, as it has hired researchers to determine whether they are being used by companies to artificially inflate their executives’ pay. Share buybacks, where a company purchases some of its own shares to reduce the number available in the market and often raise their price, can increase a [...]
Carillion collapse poses big questions for investors, Jes Staley’s FCA delay goes on and The Range floats chairs January 26, 2018 When in doubt, blame the accountants: a mantra which has gathered momentum after virtually every big corporate collapse since the financial crisis. Carillion is no exception. It seems obvious to ask now why KPMG signed off the construction group’s accounts in March without the merest hint of anxiety. Hindsight being a wonderful thing, the wafer-thin [...]
Newcastle United takeover talks between Amanda Staveley and Mike Ashley fall through January 16, 2018 Prominent businesswoman Amanda Staveley and Newcastle United owner Mike Ashley have ended talks over a deal for the club which could have been worth as much as £250m. The deal fell through when Staveley refused to match Ashley’s valuation of the club, according to the BBC. Staveley’s fund, PCP Capital Partners, made an offer to [...]