Beyond Meat shares surge a day after debut results June 7, 2019 Shares of plant-based burger startup Beyond Meat surged 27 per cent in pre-trading, a day after it debuted its earnings as a listed company. The company estimates that it will double its sales this year as consumer interest in plant-based meat alternatives peaked in the first three months of the year. Shares rose to $131.50 [...]
Premier Inn owner Whitbread to cut 1,500 jobs amid shake-up of restaurant business April 30, 2024 Hospitality giant Whitbread has reported record revenue but said some jobs at its F&B arm will be impacted as it looks to exit a number of locations.
The Notebook: Neil Bennett on corporate disasters, Paris on fire and signs of hope for Wandisco March 29, 2023 One of my favourite business quotes comes, inevitably, from Warren Buffett: “It is only when the tide goes out, that you discover who has been swimming naked.” In the past two weeks it has become clear that the recent rapid tightening of rates has created to a strong ebb tide, and that there is an [...]
Adobe and Microsoft team up to take on Salesforce’s marketing software March 26, 2019 Adobe and Microsoft are teaming up to strengthen their sales and marketing software offerings in a bid to take on rival Salesforce. The firms will partner to help users of Adobe’s marketing software identify potential customers on Linkedin, which is owned by Microsoft, the companies said today. Read more: Adobe invests £63.5m in UK as [...]
What is next for Hong Kong’s stock market? December 10, 2021 The Hang Seng Index is down close to 12.8% year to date. What lies ahead, as fears about Omicron dog markets? Hang Seng Index – what is weighing on the index? Year to date (YTD), the Hang Seng Index remained in the red with -12.8% total return, largely trailing behind its global peers such as Nikkei’s 4.1% [...]
Breakdown group AA blames investments for profit slump April 3, 2019 Breakdown and insurance firm AA said today that its profit before tax for the year ended January 2019 fell more than 60 per cent to £53m. The figures The company said its steep profit drop was a result of a £26m investment in its roadside and insurance business and said it was distorted by a [...]
Promising research on synthetic corneas from London university October 17, 2022 Aisha Memon, graduate from University College London and Dr Hirak Patra, Associate Professor of Nanomedicine and Regenerative Medicine at the University College London. The cornea is an avascular and clear structure present in the anterior part of the eye. It is responsible for mechanical support and protection as well as for light refraction, making it [...]
B&Q owner Kingfisher’s boss to depart as profits slump and stores close March 20, 2019 Kingfisher announced the surprise departure of its chief executive this morning, as a swathe of store closures and a double-digit drop in profits puts mounting pressure on the embattled DIY group. Read more: B&Q owner Kingfisher plans foreign market exit as French sales drag Veronique Laury, who is currently one of six female chief executives in the [...]
Digital wealth management firm Yieldstreet buys Athena Art Finance from Carlyle in $170m deal April 10, 2019 A wealth management firm backed by billionaire George Soros has bought art collector lender Athena from Carlyle, the US private equity giant, for $170m (£130m). The deal is digital wealth management platform Yieldstreet’s first corporate acquisition following its recent $62m Series B funding round, which received backing from Soros Fund Management. Read more: Private equity investment bounces back [...]
Crispin Odey-backed London insurtech startup Bought By Many has raised a £15m series B funding round, led by Commerzbank July 3, 2018 Billionnaire Tory donor and hedge-fund manager Crispin Odey has re-invested into London insurtech marketplace Bought By Many, which closed a £15m series B investment round today. The round was led by Commerzventures, the corporate venture capital arm of Commerzbank, alongside new investment from global insurance broker and risk management firm Marsh. Additional follow-on investment from [...]