John Arne Riise interview: Former Liverpool left-back on retirement, punditry, poker and his ambition to become a manager December 6, 2018 John Arne Riise retired from playing football two years ago. But unlike some, the former Liverpool player did not make a clean break from the sport. He did not crave time away. Far from it. The Norwegian’s enduring love of football has meant he hasn’t gone far since hanging up his boots in June 2016, [...]
Carillion collapse leaves taxpayer on the hook for nearly £150m June 7, 2018 The collapse of outsourcer Carillion will cost the taxpayer at least £148m, according to a report published today by the National Audit Office (NAO). The liquidation of Carillion is currently expected to cost £522m which includes a £50m payment for big four accountancy firm PwC which is acting as special manager. Read more: The Carillion [...]
Shares in BP and Shell rise as Opec agrees to raise oil supply by 1m barrels per day June 22, 2018 Oil output is to rise by 1m barrels per day after Opec reached a deal today. Shares in London-listed oil companies including Shell and BP rose on the news. The group of 14 oil-producing countries reached an agreement after meetings in Vienna today, according to reports. Meetings are set to continue into Saturday, when Opec [...]
Carillion collapse leaves taxpayer on the hook for nearly £150m June 7, 2018 The collapse of outsourcer Carillion will cost the taxpayer at least £148m, according to a report published today by the National Audit Office (NAO). The liquidation of Carillion is currently expected to cost £522m which includes a £50m payment for big four accountancy firm PwC which is acting as special manager. The net cost to [...]
DIY SOS: Travis Perkins warns Wickes profits will be lower as consumers spend less on home improvement July 31, 2018 Wickes parent Travis Perkins warned this morning that the home improvement retailer’s profits will be lower than expected due to a weaker consumer backdrop in the UK’s DIY market. Shares dropped more than eight per cent in early trading. The figures The business, which also has several trade-facing units, reported like-for-like revenue growth of 4.2 [...]
Rocky start to the week continues in crypto markets September 21, 2021 The crypto market’s rocky start to the week continues this morning, with the total value falling to its lowest level in over a month at just below $1.9 trillion.
A year of two halves? April 23, 2019 Alex Crooke, Fund Manager of the Bankers Investment Trust, explains how the team is preparing for a different investment landscape in the second half of 2019. It’s in our nature as fund managers to continually contemplate about the future, but the level and scope of uncertainty facing investors today is almost unprecedented. What’s disappointing is [...]
AA looks to get back on track with encouraging full-year results April 15, 2018 Breakdown cover firm AA is expecting to get back on the road with some positive results when it releases its annual report on Tuesday. For the year-end, estimates from Liberum reckoned that AA’s trading EBITDA will be around £392m, as sales will go up slightly to £964m from £933m in 2017. Earnings in 2019 have [...]
Proptech startup Habito lands £18.5m to make mortgages digital in series B led by Atomico September 3, 2017 A fintech startup focused on making mortgage applications easier has bagged millions more in funding from top investors. Atomico, the venture fund set up by Skype founder Niklas Zennstrom, led the £18.5m series B round with existing investors Ribbit Capital, Mosaic Ventures and Revolutionary (ad)Ventures also participating. It brings total funding for the startup – [...]
US chipmaker Broadcom (AVGO) has $19bn wiped off its market value, after an out-of-sector deal confused investors | City A.M. July 12, 2018 Californian semiconductor chipmaker Broadcom has lost $19bn (£13.7bn) in market value so far today, after a surprise deal to acquire software company CA for $18.9m didn’t sit well with investors and analysts. The company revealed no clear reason behind yesterday’s acquisition, which led stymied investors to drive down its share price as low as 19 [...]