Neurodiversity in business: There’s a ‘generational shift’ underway September 17, 2024 When Dan Harris set up the charity Neurodiversity in Business (NIB) just two years ago, he wanted to create change in an area that hasn’t moved as quickly as other human rights movements. “I set up NIB because I wanted to change the world that my little boy… will be growing up in,” he explained. [...]
Accor: Novotel, Pullman Mercure hotels return to the black as profit jumps at Ibis September 17, 2024 The company behind Accor’s Novotel, Pullman and Mercure brands in the UK returned to the black in 2023 while profit jumped its Ibis division, it has been revealed. Newly-filed results for both divisions have revealed a significant jump in their turnover and profit for their latest financial years. The accounts, filed with Companies House, also [...]
Playtech sells Italian arm to Flutter for £2bn September 17, 2024 London-listed gambling tech provider Playtech has agreed to sell its Italian gaming arm Snaitech to Flutter Entertainment for €2.3bn (£1.9bn). Playtech first confirmed discussions with Flutter, the owner of Paddy Power and Betfair, in August. The deal values Snaitech at a significant premium to Playtech’s market capitalisation as of 13 August, the last date before negotiations [...]
BP puts US onshore wind power business up for sale September 16, 2024 BP plans to sell its onshore wind business in the US in a further sign that the oil major is rowing back on its commitment to transition towards developing more renewable energy projects. The firm said on Monday that it would launch a sale process BP Wind Energy, its American onshore wind energy division that [...]
Henry Boot: Property developer takes key step toward 3,000-plot goal with major Coventry land sale September 16, 2024 Property developer Henry Boot has taken a significant step toward its goal of selling 3,000 plots this year, after completing a sale of nearly 500 plots to a national house builder. The London-listed firm, which is headquartered in Sheffield, confirmed its land promoter Hallam had sold 491 residential plots at Pickford Gate, Coventry, to the [...]
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
Meet the fund managers: Schroder REIT and property investing September 16, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Nick Montgomery, manager of Schroder REIT. How does your fund stand out from others in the same market? Whilst the whole sector has been impacted by the higher rate backdrop, which has weighed [...]
Thames Water in talks over £3.3bn emergency fundraising deal September 15, 2024 Thames Water has been in contact with Brookfield Infrastructure Partners and Global Infrastructure Partners about a £3.3bn emergency fundraising deal to help pay off some of the struggling utility’s large debt pile, according to reports. The firm, which is the largest of Britain’s privatised regional monopolies, has set itself a deadline of early November to [...]
Rail line connecting North West to Midlands would be ’40 per cent’ cheaper than HS2 September 13, 2024 Plans for a new rail line connecting the West Midlands to the North West could be delivered at just 60 per cent of the cost of HS2’s cancelled Northern leg, according to Manchester Mayor Andy Burnham. The proposed 80km line, backed by a consortium of businesses and politicians, would run from Lichfield in Staffordshire to [...]
Carlton Club: A year of ‘successes and challenges’ for London private members’ club September 13, 2024 The Carlton Club has described facing both “successes and challenges” in its latest financial year as it battled high inflation, rising energy costs, train strikes and wage increases. The private members’ club said “unwelcome challenges” impacted its financial performance in 2023 but that it still managed to increase its surplus before tax by almost £200,000. [...]