Media firm Ascential expects more sales soon after discharging health service magazine for £19m January 19, 2017 Ascential, the media company formerly known as Emap, has announced the sale of one of its most high-profile titles for £19m. Publisher Wilmington has pounced to snap up the Health Service Journal (HSJ) just two weeks after Ascential put the magazine title, along with 12 others, up for sale. Overall, FTSE 250-listed Ascential is expected [...]
What to watch when the European Central Bank reveals its latest monetary policy decision January 19, 2017 After Janet Yellen gave a surprisingly hawkish speech to San Francisco’s Commonwealth Club last night, today’s turn in the monetary policy spotlight belongs to Mario Draghi. The Governing Council of the European Central Bank (ECB) meets today at its Frankfurt headquarters to discuss its three interest rates (currently near zero) and its controversial asset purchase [...]
Lloyds Banking Group takes the top spot on Stonewall’s top 100 LGBT employers as banking and legal dominate the list January 19, 2017 Lloyds Banking Group has taken the top spot of Stonewall's top 100 LGBT employers list. Banking and legal dominated the list of the charity's most inclusive employers. Lloyds, which came second to MI5 last year, launched a new colleague volunteering programme and formed official partnership with lesbian, gay, bi and trans (LGBT) charities. Law firm [...]
M&A deal leaks are increasing (and no wonder – they pay off) January 19, 2017 Tougher regulation is failing to prevent leaks around deals, new research out today shows. And no wonder – being loose-lipped about transactions generally pays off. The mergers and acquisitions (M&A) research, by Intralinks and Cass Business School, found 8.6 per cent of deals globally were the subject of leaks, either to the media or other [...]
Britain must be tough but empathetic toward the EU to secure a good Brexit for the City of London January 19, 2017 Britain's departure from the EU will dominate 2017. Theresa May has set out her 12 Brexit objectives, Article 50 will be triggered shortly, and elections in France, Germany and the Netherlands threaten to further destabilise the existing order. Every sector of Britain’s economy will be affected. Protecting the future of Britain’s financial services industry – [...]
London tech startup SuperAwesome is considering an IPO January 18, 2017 A London tech startup specialising in helping brands such as Lego, Mattel, and Peppa Pig maker eOne comply with rules on advertising to kids online is considering an IPO. SuperAwesome is exploring a potential listing on the London Stock Exchange this year, City A.M. understands, and has engaged with several City institutions at the early stages of exploring going public, but has [...]
Pearson fails to make the grade as shares fall 30 per cent after firm cuts forecast January 18, 2017 Pearson's shares tumbled up to 30 per cent this morning, after the education company withdrew its profit goal for 2018. It has also announced plans to sell its stake in publisher Penguin House, after an "unprecedented period of change and volatility". A textbook perfect storm. Read more: These companies could start offering low-cost degrees The [...]
Ready, set, go: Liberty Media shareholders give green light to $4.4bn Formula One takeover January 18, 2017 Liberty Media shareholders have approved the group's $4.4bn (£3.6bn) takeover of Formula One, the company said this evening. The acquisition, approved at a special meeting of the US media giant's stockholders, is expected to close before the end of the first quarter. However, it still remains conditional on gaining approval from the Formula One governing body, the [...]
Theresa May must be even bolder to make Global Britain a free-trading success January 17, 2017 “Fear not, we are of the nature of the lion.” – Queen Elizabeth I There was just enough in Theresa May’s speech today to reassure those who campaigned to leave the EU. Crucially, she made clear that we are definitely leaving the Single Market and taking control of our borders. She suggested only a great [...]
Global giant Shell helping Edinburgh innovators to harness power of air turbulence January 17, 2017 Capture Mobility’s award-winning roadside micro-turbine can generate electricity from the turbulence of passing traffic – enough to supply an average-sized home for 24 hours. Integrated solar panels at the top of the turbine add extra energy to the system during the day and air filters inside the fins of the turbines also help to clean the [...]