Zac Goldsmith shared in £16m payout before All Star Lanes went bust September 22, 2019 Investors including Tory MP Zac Goldsmith, diamond mogul Anthony Oppenheimer and fund manager Jim Mellon are said to have shared in a £16m payout from a chain of bowling alleys just months before it went bust. All Star Lanes, which owns four bowling alleys in London, was sold to Risk Capital Partners last week as [...]
Goldman Sachs looks to keep bank on track in disaster with ‘extra Wework space’ October 9, 2019 Goldman Sachs is said to have set up a trading floor in a Wework office in London so the bank can keep operating in case of a disaster. The space comes on top of the US bank’s brand new £1bn, 10-storey HQ in Farringdon, toured by City A.M. Read more: Airbnb hires Morgan Stanley and [...]
British exports to grow at “fastest pace since 2011” according to HSBC forecasts April 10, 2018 The value of British exports will expand at the fastest pace since 2011 during the course of this year, according to forecasts from HSBC to be published today. UK goods and services exports will increase by 10 per cent in 2018 to hit $900bn in US dollar terms (£639bn), the bank said. British exporters have [...]
Why Open Banking is the next finance revolution January 15, 2020 The saying that the “customer is king” has been an accepted truism for a long time. But it is only recently that this has really been the case, with technology largely driving a shift of power away from traditional providers to the consumer. Think of how music streaming services like Spotify completely changed how we [...]
GSK eyes former Astrazeneca CFO for empty chair July 14, 2019 Drugmaker Glaxosmithkline is set to announce the former finance boss of Astrazeneca as its new chair to oversee the breakup of the business. GSK is preparing to appoint Jonathan Symonds as its new non-executive chair, Sky News reported earlier. Read more: GSK to split as it forms £9.8bn consumer health venture with Pfizer The announcement [...]
Phenomenally consistent Rory McIlroy will draw motivation from Brooks Koepka’s comments November 4, 2019 Rory McIlroy has played some incredible golf this year and he put in another exemplary performance at the WGC-HSBC Champions in China last week to win his fourth title of 2019. Not bad for someone who world No1 Brooks Koepka has said he doesn’t consider a rival. McIlroy’s consistency is phenomenal. The Northern Irishman has [...]
Review of 2019: Koepka and McIlroy inseparable after brilliant years, Lowry’s Open triumph the stand-out moment December 16, 2019 Golf has enjoyed another great year and with 2019 drawing to a close it is time for me to look back on its stand-out protagonists, moments and more. Player of the year This is a tricky one, but the world rankings don’t lie: Brooks Koepka and Rory McIlroy are No1 and No2 for a good [...]
UK retail industry battles ‘toughest ever’ trading conditions July 22, 2019 The health of the UK retail industry is on the brink of falling to record lows as shops battle some of the “toughest trading conditions they’ve ever experienced”. The Retail Health Index, which takes into account consumer demand, gross margins and costs, fell from 77 to 76 in the second quarter, financial services firm KPMG [...]
London’s fintech boom helps drive record year for US investment November 18, 2019 US venture capital firms have pumped record amounts of money into London and UK companies this year as flourishing fintech firms continue to charm investors, new data has revealed. American investors have been involved in $4.4bn (£3.4bn) worth of deals into UK firms so far in 2019, with London businesses accounting for more than three-quarters [...]
FTSE 100 falls under Trump’s tariff threat and Hong Kong turmoil November 13, 2019 US President Donald Trump’s threat to reignite his trade war with China has dragged down the FTSE 100 in early trading as another day of Hong Kong turmoil hurts global stocks. London’s blue-chip index fell 0.4 per cent, or 28.5 points, to 7,336.9. The biggest fallers included HSBC, ITV and Prudential as UK stocks traded [...]