Mark Kleinman: Metro Bank’s investors deserve answers, Entain’s bad bets and John Allan’s return October 12, 2023 The must-read column from the man in the know: Sky News’s City editor Mark Kleinman Metro Bank’s investors deserve answers 2023 is turning out to be a banner year for weekend overtime at Britain’s banking regulator. After officials’ February night-shifts overseeing the rescue of Silicon Valley Bank and UBS’s emergency takeover of Swiss banking rival [...]
London PR firm Powerscourt snapped up amid flurry of comms M&A activity October 11, 2023 US advisory business Morrow Sodali has bought London communications agency Powerscourt for an undisclosed sum, the companies confirmed today.
London firm Powerscourt set to be snapped up in £50m deal October 10, 2023 London public relations agency Powerscourt is reportedly teetering on the edge of a sale to a US advisory firm in a deal which could be worth tens of millions. Powerscourt, which reps big name clients such as fashion retailer All Saints and gambling giant Entain, is set to bought by the US-based stakeholder advisory firm [...]
FTSE 100 close: London markets flat as investors digest higher for longer message September 26, 2023 Markets opened lower on Tuesday as markets digested the implications of interest rates having to remain higher for longer.
Ladbrokes owner Entain sees shares tumble as sales slide September 25, 2023 Shares in Entain, the London-listed owner of Ladbrokes, have tumbled to their lowest point since 2020, sharply falling over 11.5 per cent on Monday. The drop followed the company’s announcement of a decline in online net gaming revenue for both the third quarter and the full year. Entain blamed this on a combination of regulatory [...]
FTSE 100 close: China concerns resurface to send London markets lower September 25, 2023 Markets opened lower on Monday as renewed concerns over the Chinese economy dented sentiment.
Ladbrokes owner Entain warns of slower online gaming revenues September 25, 2023 Coral and Ladbrokes owner Entain has slashed its full-year outlook for online gaming revenues after worse-than-expected recent trading and said it was ramping up efforts to overhaul the business. The group said online net gaming revenues had been softer than predicted since the summer as sporting results went in favour of punters, as well as [...]
FTSE 100 live: London rallies at end of week after mixed bag for European and US markets September 8, 2023 The FTSE 100 rallied at the end of the week to finish up by half a percent, after a mixed bag in Europe and US markets weighed down sentiment earlier on. London’s premier bluechip index was at 7,478.19 points by close, finishing 0.49 per cent up after hovering between being under marginally up and down [...]
Gambling Commission chief says fines have caused industry ‘real distress’ September 5, 2023 The UK gambling watchdog’s boss has said escalating regulatory action and penalties have caused the industry some “real distress”.
Mark Kleinman: The Post Office disgrace, Historic Royal Palaces and DAZN’s next move August 24, 2023 Post Office chief fails again to Read the room Like salt poured in an open wound: that’s the only conceivable metaphor for the corporate governance disgrace delivered by the Post Office in recent weeks. Consider the facts: thousands of sub-postmasters were the victims of a grotesque cover-up, with many of them left penniless, homeless or [...]