DRI Healthcare plans $350m London listing February 12, 2020 Healthcare royalty investment company DRI Healthcare said today it was planning to raise up to $350m (£269m) in a proposed London initial public offering (IPO). The company said it was looking to list on the main market of the London Stock Exchange next month. It said it would use the proceeds from the float to [...]
City Moves for 12 february – Who’s switching jobs at Matches Fashion, Bishop & Sewell and Bloomberg? February 12, 2020 Today’s City Moves includes Matches Fashion, Bishop & Sewell and Bloomberg Matches Fashion Matches Fashion has announced that Ajay Kavan will be appointed as the company’s new chief executive officer, effective 19 March. Ajay joins Matches from Amazon where he was a vice president for nine years and currently serves as vice president of international [...]
Western governments should have been ready for Huawei February 12, 2020 In the late 1990s, I represented Lucent Technologies, a firm focused on delivering telecommunications equipment which had been spun out of AT&T. At the time, in addition to the more familiar competitors such as Nortel Networks and Alcatel, we faced an additional threat — a relatively new Chinese competitor called Huawei. Huawei was able to [...]
William Hill boosts US reach as it strikes media deal with CBS Sports February 11, 2020 Betting firm William Hill today confirmed it has struck a deal with CBS Sports as it ploughs ahead with its US expansion plan. The deal means the British bookmaker will be the exclusive provider of betting odds across CBS Sports’ digital platforms. The tie-up will kick off in March, with a full rollout planned for [...]
UK active fund inflows nosedive on coronavirus fears February 11, 2020 Sales of active equity funds in the UK plunged over 90 per cent in January after the coronavirus outbreak led to a collapse in investor confidence. Inflows into actively-managed equity funds totalled just £78m in January, a drop of 93 per cent compared to the previous month, according to figures from fund network Calastone. “Stock [...]
Nice try housing secretary, but your ‘First Homes’ policy will do nothing to solve the housing crisis February 11, 2020 There is a housing crisis in this country. In our cities in particular, the majority of people are spending a significant chunk of their income on rent or are unable to afford to move out of the family home. The idea of home ownership is now a pipe dream for many young people — a [...]
Consumer spending bounces in January but high street woes continue February 11, 2020 Brits ramped up their spending in January after a thrifty December, according to new data, in the latest sign that the UK economy may have bounced back at the start of 2020. Consumer spending grew 3.9 per cent in January, data from payment provider Barclaycard showed today, up from the one per cent growth witnessed [...]
The local councils embarking on a shopping centre spending spree February 10, 2020 Bin collections, parking restrictions and filling ever-more-terrifying potholes are what most people associate with local councils. To that list, we might now add retail property speculators. Last year, Councils across the UK doubled down on recent trends and spent some £232.35m buying struggling shopping centres, accounting for some 36 per cent of all shopping centre [...]
Audioboom shares surge as it confirms possible sale February 10, 2020 Podcasting platform Audioboom has confirmed recent speculation it is looking to sell the company, sending shares soaring today. The company’s board released a statement this morning to confirm New York-based Raine Advisors was advising the company to help them “deliver maximum value for its shareholders”. It added: “Raine will provide advice and assistance to the [...]
Podcaster Audioboom eyes possible merger or sale February 8, 2020 The AIM-listed podcasting group, Audioboom, has asked bankers to help it explore the possibility of a merger or sale. The group, which is backed by property tycoon Nick Candy, has asked New York-based bank Raine to undertake a strategic review that could see the company taken over by a rival, according to Sky News. Raine’s [...]