Shares fly for THG as bidding war pushes online retailer’s value to £1.8bn May 20, 2022 Shares in the online retailer THG surge as much 25 per cent this afternoon as investors back the bidding war taking hold of the ecommerce firm. The online health and beauty retailer said that it had batted away a £2.07bn bid from two investment companies, Belerion Capital and King Street Capital Management last night. It [...]
If firms want to go green then we should give shareholders the keys to their plans May 20, 2022 WHILE the finance sector can feel distant and detached, people are waking up to the impact it can have on our environment. Which bank, building society, or investment fund we decide to deposit our savings, store our pensions, or pay our hard-earned salaries into can determine whether green projects and clean businesses are financed. That’s [...]
A Bed of Rosés: The story of Bon Jovi’s new fine wine May 19, 2022 “Real men drink pink” announces Jon Bon Jovi at the European launch of Hampton Water rosé, going on to explain that he used to refer to the wine as “pink juice” because “I didn’t want my children to know I drank it so much. I love wine and I love rosé”. Hampton Water is an [...]
Starry eyed investors: Seraphim Space Camp for startups pushes into the US May 19, 2022 Seraphim Space Camp, a UK-based programme which helps space-tech startups get ready to go public, has pushed into the US – as leaps in progress catch the eyes of investors. The programme, set up by London-listed space-tech investment fund Seraphim, is a venture capital-led scheme which rallies initial public offering (IPO) level funding behind the [...]
From calorie counts to meal deals, Boris Johnson can’t make up his mind May 19, 2022 When American political activist Ralph Nader famously called McDonald’s double cheeseburger “a weapon of mass destruction” he was on to something. On this side of the pond too, decades of unhealthy fast – and fat – food eating have left a mark. Around 63 per cent of adults in England are either overweight or obese. [...]
Young’s to swap salmon and chicken for cheaper alternatives May 19, 2022 Pub chain Young’s has said it is prepared to switch pricier menu staples for cheaper alternatives as inflation stands at a 40-year high. Speaking to CityA.M., Young’s CEO Patrick Dardis said the company had switched salmon for fresh trout after steep price increases. “Pork is cheaper than chicken and so we have the ability to [...]
Bad at maths? The cost of Britain’s poor numeracy skills is no laughing matter May 19, 2022 Our nation’s poor report card for numeracy skills has been a longstanding challenge, and the current cost-of-living crisis is making that even more apparent. We all use numbers to navigate day-to-day life – from understanding interest rates to working out value for money while shopping. Nearly half of the UK’s working population has the numeracy [...]
Letters: Small businesses will hurt first May 19, 2022 [Re: Banks across the UK are ‘pulling the drawbridge’ as lending to small businesses hits all-time low, May 16] The fact that successful applications for finance amongst small firms have plunged to their lowest level since records began – while lending to large corporates has increased significantly since the start of the year – highlights [...]
MarketFinance raises £100m from Deutsche Bank to support funding for SMEs May 19, 2022 Fintech platform MarketFinance announced a debt raise from Deutsche Bank which the company will use to part fund up to £100m of lending to support strong, well-managed SME businesses with their investment and working capital needs.
Petrol retailers could face fines if they fail to pass on fuel duty cuts to consumers May 19, 2022 Petrol retailers could be fined if they fail to pass on fuel duty cuts to customers, warned the Competition and Markets Authority.