Rothermere family prepares £810m bid to take Daily Mail group private July 13, 2021 The Rothermere family is weighing up a bid to take the parent company behind the Daily Mail private following a potential sale of one of its business divisions. In a statement yesterday Daily Mail and General Trust (DMGT) said the family, which founded the newspaper, was preparing a takeover offer that would value the slimmed-down [...]
House sales drop by over half as stamp duty holiday winds down July 12, 2021 House prices were down 60 per cent on the five year average in the first week of July as the stamp duty holiday comes to an end. This follows a bumper June, with the number of UK property transactions last month set to be the highest on record according to Knight Frank. Tax savings fell [...]
Liz Truss reportedly thinks UK-US trade deal before 2023 is unlikely July 11, 2021 International trade secretary Liz Truss is reportedly resigned to not closing a UK-US trade deal before 2023 as she prepares to travel to Washington today. Truss will go to the US to meet Joe Biden’s Trade Representative Katherine Tai as a part of a five-day working trip, which will also include a stop in California. [...]
Czech billionaire Křetínský mulls EP Infrastructure listing July 10, 2021 Czech billionaire Daniel Křetínský is mulling a float for his energy firm EP Infrastructure as part of a strategic review into the company. The gas and power distribution firm, which operates in the Czech Republic and Slovakia, made sales of €3.2bn (£2.7bn) last year. The move comes as many investors seek to take advantage of the [...]
The Analyst: What could the future hold for Channel 4? July 10, 2021 Ian Whittaker has been a City analyst for more than two decades, and what he doesn’t know about media, advertising and the creative services industry isn’t worth knowing. Here’s his second monthly column for City A.M. The UK Government recently announced a consultation on the future of state-owned Channel 4. Theoretically all options remain but [...]
Cardano aiming for a BILLION users over next decade July 9, 2021 Cardano supremo Charles Hoskinson has revealed the organisation’s mission is to have a billion users over the next five to 10 years.
London IPO: LendInvest prices AIM float as it looks to raise £40m July 9, 2021 Property finance asset manager LendInvest will float on the AIM index on Wednesday, with shares priced at 186p
Rent payments creep up as the economy comes back to life July 9, 2021 Landlords told markets this morning that rent payments from tenants were creeping back towards 100 per cent as the economy kicks back into life. Land Securities collected 81 per cent of rent due at the back end of June, and Derwent London reported it had received 93 per cent of its office rents for the [...]
Cairn Energy wins freeze on India-owned assets worth €20m in Paris July 8, 2021 UK-listed Cairn Energy wins a freeze on some of India’s state-owned assets in Paris, worth over €20m (£17m), as the company dials up the pressure on the government of India to pay an arbitration award that it won last year. Cairn said the freeze was ordered by a French tribunal on around 20 centrally located [...]
Foxtons’ chair steps down in wake of ‘impaired’ trading performance July 7, 2021 Chairman Ian Barlow has announced his intention to step down from Foxtons’ board later this year, after the estate agent’s share price plummeted during the Covid pandemic. Barlow will step down no later than 31 December 2021 after nearly nine years on the board. Foxtons has had a tough year fending off criticism from [...]