Brexit deal live: UK would vote to remain in EU in a second referendum January 17, 2019 Hello and welcome to our Brexit vote live blog. Stay tuned for reaction to Labour's no confidence vote yesterday, after Theresa May's Brexit deal slumped to a historic defeat in parliament on Tuesday night. Please manually refresh this page for the latest updates What you need to know: The Prime Minister’s deal was defeated by [...]
Who are the City’s best paid lawyers and what are they taking home? June 4, 2018 When private equity partner David Higgins started his new role in the City office of US law firm Kirkland & Ellis in April, he came with the weight of expectation generated by a reported $10m (£7m) salary. Higgins’ salary, which works out at nearly $200,000 per week, is almost unprecedented in the London legal market. [...]
The City’s Pret employees celebrate £1,000 bonus after JAB Holdings takeover May 29, 2018 Pret A Manger employees in the City today celebrated news that they would be receiving a £1,000 bonus after the company announced it will be acquired by German conglomerate JAB Holdings. “I only just heard,” said Mohamed Naim, 19, who works at a store on Fenchurch Street. “I still can’t believe it. It’s a bit [...]
Jordan B Peterson interview: The unlikely conservative superstar on the high price of fame, causing offence and THAT interview with Cathy Newman July 5, 2018 Professor Jordan B Peterson’s apartment smells of meat. It’s 8am and his wife, Tammy, is fastidiously slicing a pile of steaks, frying them, and shovelling the unadorned results into a stack of Tupperware containers. It was Tammy, his childhood sweetheart who now works full-time for Peterson PLC, who greeted me when I arrived at his [...]
Ultimate Products’ London IPO has been priced at £105m ahead of it joining the main market next week March 1, 2017 Ultimate Products' offer price has been set at 128p, which will equate to a market capitalisation of approximately £105.2m. The offer comprises 41,084,800 shares, representing 50 per cent of the company’s issued share capital on admission. Shore Capital is acting as sponsor, global co-ordinator and bookrunner to the Company, and Cenkos is acting as joint bookrunner. [...]
National security concerns prompt government to scrutinise Melrose’s hostile £7.4bn bid for GKN January 21, 2018 National security concerns mean turnaround firm Melrose will now have to jump another hurdle if it is to proceed with its £7.4bn bid for engineering giant GKN, as the government revealed that it is scrutinising any potential deal. Melrose was already battling with GKN’s board as the bid went hostile, and has been attempting to [...]
Discount retailer B&M posts high-end results after a record year of expansion May 26, 2016 Discount retailer B&M boasted strong preliminary results for the year today, after a year of record store openings. Group revenues were up 23.6 per cent, up to £2.04bn from £1.65bn. Pre-tax profits jumped to £154.5m, a rise of 150 per cent. The numbers come after a year of expansion for the retailer. The company opened 79 new stores across [...]
Lawyer attacked designer in seat row at Royal Opera House December 16, 2019 A hedge fund lawyer was convicted of assault today after punching a fashion designer in a bust-up at the Royal Opera House. During a performance of Wagner, Matthew Feargrieve struck Ulrich Engler at least once in a dispute over a seat, City of London Magistrates’ Court heard. Read more: Two women who quit City jobs [...]
Consumer goods group Ultimate Products heads for a £100m-plus IPO in the next few days March 1, 2017 Ultimate Products, the innovative consumer goods group, is set for a £100m-plus IPO in London within days. It will list on the main market under the name of UP Global Sourcing Holdings. The IPO’s pricing could take place as early as today. The placing is understood to be substantially oversubscribed with investors taking part believed [...]
Sky and BT Sport pay £4.46bn to share Premier League TV rights for 160 games between 2019/20 and 2021/22 February 13, 2018 After years of extraordinary revenue growth, the Premier League has sold its latest package of live TV games to Sky and BT Sport for a reduced per-match rate. The two media giants will pay a combined £4.46bn to televise 160 matches per season, between 2019/20 and 2021/22. Three years ago, Sky and BT Sport paid [...]