Advent International and others mulling £1bn-plus Land Registry takeover as government considers privatisation March 15, 2016 Advent International and others are considering bids for the government's £1bn-plus-valued Land Registry. City A.M. understands the buyout firm is one of a number of parties interested in the agency, which holds the titles for most of England and Wales’s land. Delivering his Autumn Statement last November, chancellor George Osborne said the government would "consult on options to [...]
Nutmeg chief Nick Hungerford is stepping down May 3, 2016 One of the UK’s best known fintech entrepreneurs Nick Hungerford is stepping down as chief of the Nutmeg, the wealth management startup he co-founded. The firm, which has landed millions of pounds in backing from the likes of Schroders, has named revenue chief Martin Stead his successor and Hungerford will become a non-executive director. Here’s what [...]
Prices will go up: Retail bosses issue Brexit “catastrophe” warning May 22, 2016 Retail heavyweights have come out against Brexit, warning that leaving the European Union would be a "catastrophe" for Britain and a "massive shock to the system". The former bosses of four of Britain's biggest retailers – Tesco, Sainsbury's, M&S and B&Q – have warned Brexit will cause prices to rocket, a spike in inflation, job losses and the pound [...]
Selby claims second World Snooker title – and a £330,000 prize – to cap glorious night for Leicester May 2, 2016 World No1 Mark Selby toasted the finest sporting hour in Leicester’s history after he followed up his home town’s Premier League triumph by winning a second World Snooker Championship. Selby beat China’s Ding Junhui 18-14 in an attritional final that ended within 15 minutes of his local football team clinching the unlikeliest of title wins [...]
Thomas Cook summer bookings down in wake of terror attacks May 19, 2016 Thomas Cook' losses have narrowed, but demand is still suffering as a result of the many terrorist attacks of the last few months. But Thomas Cook's share price was down more than 11.4 per cent in early trading – although this may in part be because it has released its results on the same day an EgyptAir [...]
Brexit: It’s early days, but UK business has been getting on with it July 15, 2016 It is less than three weeks since the British people voted to leave the EU. In that time, much of the media response has been verging on hysterical. The political establishment, City and even bookmakers simply did not see Leave coming. Figures who were top of their game a month ago have fallen on their swords: [...]
How Chris Coleman used Rafael Benitez’s preferred tactics tool to guide Wales to the semi-finals of Euro 2016 July 7, 2016 With 10 players in his squad playing in England's second or third tiers last season, the onus was on Wales manager Chris Coleman to be a man with a specific tactical plan if his side were to achieve something special at Euro 2016. His side may have fallen narrowly short of the ultimate prize following a 2-0 [...]
Euro 2016 England v Russia: Ex-Chelsea star Graeme Le Saux encourages fans and media to stick by team and forgive players for mistakes June 11, 2016 Former England left-back Graeme Le Saux has encouraged the English fans and media to be patient with Roy Hodgson's side and avoid creating a "destructive culture of fear" within the squad. The ex-Chelsea and Southampton star played at the 1998 World Cup, the last international tournament held in France, and has revealed that the intense [...]
Sterling smashed in flash crash: Why did it happen? October 7, 2016 Sterling was hit by a freak sell-off overnight as the currency crashed by six per cent seconds after the Asian markets opened for trading. The pound fell from $1.26 to $1.18 almost instantly, before recovering slightly to stand at $1.24 against the dollar. It was the same story against the euro, where the pound sank to [...]
Poundland appoints Kevin O’Byrne as chief executive as Jim McCarthy retires March 2, 2016 Poundland has appointed former B&Q boss Kevin O'Byrne as chief executive, replacing Jim McCarthy who will retire after 10 years in the role. O'Byrne will initially join as chief executive designate from 4 April, taking on the full reins on 1 July. McCarthy will remain available to the board until he retires at Poundland's AGM in September. [...]