Sage Group share price dips after $850m deal to acquire US software firm Intacct July 26, 2017 Shares in Sage dipped more than four per cent in morning trading on Wednesday morning after it splashed $850m (£653m) on US financial software company Intacct. The deal is the FTSE 100 firm’s biggest ever acquisition and will be funded via cash and share options. “The acquisition of Intacct supports our ambitions for accelerating growth [...]
HS2 faces seven-year delay as costs set to balloon to £88bn September 3, 2019 The real cost of HS2 could spiral to £88bn as the project faces years of delays, according to an explosive report authored by the chair of the controversial UK infrastructure project. Allan Cook, who has carried out an internal review of the project, said he did not believe the scheme, which will link London to [...]
Fashion technology startup Metail raises £10m from Hong Kong’s TAL to become “Google of size and shape” July 9, 2017 A tech startup which offers retailers technology that lets online shoppers try items on virtually, and wants to become the “Google of size and shape”, has bagged millions of pounds in fresh funding from investors. Metail has raised a £10m series B led by TAL, a Hong Kong-based apparel manufacturer, bringing total cash ploughed into [...]
Card Factory gets new chief executive Karen Hubbard from B&M to replace Richard Hayes January 6, 2016 Card Factory has appointed the current chief executive of bargain retail chain B&M, Karen Hubbard, to fill the shoes of its outgoing boss. Hubbard will take over from Card Factory's chief executive, Richard Hayes, in Mid-April. Hayes is due to leave at the end of June, after a four-month transition period. Hubbard held a number of senior [...]
The Financial Conduct Authority just spent £70,000 on a new logo, including hiring a Saatchi & Saatchi agency May 7, 2017 The industry-funded Financial Conduct Authority has spent almost £70,000 on a refresh of its brand, including a brand new logo designed by Saatchi & Saatchi, City A.M. can reveal. The FCA recruited B2B specialists Saatchi & Saatchi Pro ahead of its planned move from Canary Wharf to the edge of the Queen Elizabeth Olympic Park [...]
Sir James Dyson to spend £130m on The Village commercial buildings in London May 15, 2017 Vaccum cleaner king Sir James Dyson is in pole position to snap up a £130m portfolio of commercial buildings in London. The billionaire’s bid will likely beat rivals’ offers for a portfolio of 13 buildings in Fitzrovia known as The Village, according to the Sunday Times. The properties are currently owned by the LCH Group. [...]
Busuu is breaking down language barriers in nearly every country across the world July 19, 2017 We’re a nation of monoglots. Despite spending countless hours learning languages at school, many of our efforts are wasted. Through the power of technology and its social network, the London based company Busuu is trying to change that. But Bernhard Niesner’s ambitions are necessarily global, as he explained at a recent Leap 100 breakfast. Language [...]
HS2 faces the scrap as Boris Johnson kicks off review August 21, 2019 The controversial HS2 high speed rail line could be scrapped after the government launched a review into the scheme following mounting concerns over its cost and deliverability. Transport secretary Grant Shapps officially kicked off the review into the high speed line, which will connect London to Birmingham from December 2026, and Birmingham to Manchester and [...]
HS2 delays controversial contract award to CH2M as it meets Mace for talks February 27, 2017 HS2 will meet Mace for talks after the construction company lost out on a £170m contract for work on the £55.7bn rail project and has been mulling a legal challenge as a result. The government-owned developer HS2 Ltd has now delayed the formal award of the contract, while it meets Mace for talks. These are expected to take place [...]
Alibaba and a Californian school set to make millions from Snap’s IPO February 26, 2017 Chinese e-commerce giant Alibaba and a Californian school stand to make millions of dollars from Snap's IPO this week. In what will be one of the tech industry's biggest floats to date, social media giant Snap is set to make its Wall Street debut this week with hopes to raise $3bn (£2.41bn). Snap, the company [...]