Fever-Tree shares up again after rumours of a Unilver bid and positive analyst coverage January 19, 2018 Shares in mixer maker Fever-Tree briefly rose 18 per cent this morning on the back of takeover rumours and positive coverage from City analysts. Murmurings of a takeover plot by Unilever have appeared this week, though there was no indication there was an offer on the table. But the main share price driver today appeared [...]
City Moves for 12 January 2018 – who’s switching jobs at Glenny, Belstaff and Fever-Tree? January 12, 2018 Today’s City Moves cover investing, fashion and soft drinks. Take a look at these movers and shakers: Glenny Glenny has announced a high-profile senior appointment, making Philip Colman a divisional partner in its investment team. He has over 10 years’ experience working in the London and the south east business space markets with a focus [...]
MMC Ventures has just joined a $15m funding round for consumer services artificial intelligence company DigitalGenius December 19, 2017 The robots will soon be taking over call centres, as a company which develops consumer-focused artificial intelligence today nabbed almost $15m (£11.2m) of funding. San Francisco-based DigitalGenius, which works with companies including Unilever, KLM Airlines and Eurostar, has raised $14.75m of series A funding from a number of firms including London’s MMC Ventures. The business, [...]
Unilever has finally sold its spreads business December 15, 2017 Shares in Unilever finished 1.3 per cent higher after it said it had finally sold its global spreads business for €6.8bn (£5.1bn). The company said it had agreed a deal with KKR to buy the business, which includes Flora, I Can’t Believe It’s Not Butter and Stork. KKR are thought to have beat CVC Capital [...]
JP Morgan and Barclays are exploring quantum computing technology with IBM December 14, 2017 JP Morgan will begin exploring the potential of quantum computing and how it might be applied to trading strategies, portfolio optimisation, asset pricing, and risk analysis in a new partnership with tech giant IBM. The investment bank is one of two financial institutions, along with Barclays, taking advantage of the commercialisation of quantum technology, which [...]
Unilever commits to keeping London listing but delays decision on moving headquarters November 28, 2017 Consumer goods giant Unilever today announced it will maintain its stock market listing in London but has delayed any announcement on the potential relocation of its headquarters until the political situation calms down. Unilever will simplify its complex corporate structure, unifying shares into a single class as it tries to make itself more agile when [...]
Crowdfunding round on Seedrs launches for London’s latest meal delivery startup Independence Market, to rival Hello Fresh and Blue Apron November 27, 2017 Today sees the launch of London’s latest meal delivery startup, Independence Market, on crowdfunding platform Seedrs. But this business – described by its founder as “Amazon meets Avon” – is not just another Hello Fresh, Blue Apron or Graze replicant. With Independence Market, Rob Hocking – a teaching fellow at Oxford University’s Said Business School, [...]
Unilever shortlists four buyers in £6.5bn spreads auction November 3, 2017 The £6.5bn auction of Unilever’s spreads division has moved onto the next phase. Four shortlisted firms have been asked to submit new bids for the division, which includes Flora, I Can’t Believe It’s Not Butter and Stork, according to Sky News. The final bidders are: Apollo Global, CVC Capital Partners, KKR and Platinum Equity. CVC [...]
Dave Lewis tells court of tension and disagreement at Tesco at time of his appointment November 2, 2017 Tesco chief executive Dave Lewis gave evidence in the trial against his former colleagues today, as three former executives faced charges of fraud and false accounting. Lewis shone a light on the tensions already present at the supermarket when he was appointed in 2014 in proceedings at Southwark Crown Court today. The former Unilever executive [...]
Augmented reality startup Snatch wins £4.4m in latest funding and backing of LastMinute.com founder Brent Hoberman November 2, 2017 Augmented reality game Snatch has won £4.4m in seed funding from a raft of investors, including the co-founder of Lastminute.com The startup, established by British co-founders Joe Martin and Jamal Hirani, officially launches its app in the UK this week. It has attracted backing from LastMinute.com founder and cexecutive chairman of First Minute Capital Brent [...]