Venture capital firm launches UK’s only fund for British pensions September 2, 2024 A venture capital firm has launched the first-ever fund devoted to helping UK pension funds invest in British start-ups and scale-ups. Future Planet Capital’s new British Co-Investment Fund (BCF) will channel pension investment into some of the UK’s fastest growing and most innovative businesses in a move that has been praised as “much-needed” by start-ups [...]
Big Talk Studios: Bumper year for ITV-owned The Outlaws maker September 2, 2024 Revenue and profit both surged at Big Talk Studios, which helped make the likes of Shaun of the Dead and Hot Fuzz, during 2023. The business, which was founded by Nira Park in 1994, led by CEO Kenton Allen since 2008 and acquired by ITV Studios in 2013, has reported a revenue of £35.7m for the 12 [...]
Starmer’s in power, but is he in control? September 2, 2024 Labour MPs barely had time to gather for a group photo in Westminster before the summer recess started and they were packed off back to the constituencies. The lucky ones may even have made it abroad for a holiday. Today, when they file back into the Parliament and cram themselves onto the government benches in [...]
Ashtead Technology posts ‘record’ half year as it eyes more deals September 2, 2024 Ashtead Technology said it achieved a “record” performance in the first half of the year as it looks to build out its merger and acquisition (M&A) pipeline. In the six months ended 30 June 2024, the subsea equipment rental and provider for the offshore energy industry posted a 61 per cent year-on-year increase in revenue [...]
Tinder, Hinge, Bumble and Grindr look to AI to rekindle the romance with users September 1, 2024 Tinder, Hinge, Bumble and Grindr are all embracing artificial intelligence (AI) in a bid to woo back their users who have fallen out of love with dating apps. New AI features are aiming to help eligible singles find a match made in algorithmic heaven by offering users suggestions to improve their profiles and instant feedback [...]
UK approves Chinese-backed megabattery project after national security review September 1, 2024 The British government has approved a major battery storage facility in the UK, which is backed by a joint venture involving US investment giant Blackrock and KX Power, a UK-registered asset manager with ties to Chinese investors. The UK launched a national security review of the proposed 80-megawatt project, led by former Chinese diplomat Zhe Zhang, [...]
Completions to fall at Barratt amid flurry of updates from housebuilders September 1, 2024 Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of financial updates from UK housebuilders. The company, which is Britain’s biggest housebuilder, reports its annual results on Wednesday September 4, with updates from Vistry and Berkeley Group in the following days. Barratt said in July [...]
Canary Wharf owners look to sell stake in shopping malls as office portfolio struggles September 1, 2024 Canary Wharf's owners are reportedly in talks with third parties to sell a stake in its four underground shopping centres as the banking district's office portfolio struggles with working from home trends.
Which tennis Grand Slam makes the most money? August 31, 2024 As the US Open enters its decisive week, a look at how Grand Slams generate revenue – and which one makes the most money. Like many tennis Grand Slams, this year’s US Open will be box office in more ways than one. On the court, the last Grand Slam of the year has already thrown [...]
Football regulator advertises Head of Legal role that pays ‘less than most newly qualified lawyers’ August 30, 2024 The independent football regulator’s top lawyer will be paid the same as peers just starting out on their legal careers, prompting industry figures to fear the body could be “toothless”. The Department for Culture, Media and Sport (DCMS) posted an advert for the Head of Legal role earlier this week that will pay the successful [...]