Telegraph and Spectator to be put up for sale as bank takes over parent firm June 7, 2023 The Telegraph newspapers and Spectator magazine are set to be put up for sale after their parent organisation was forced into receivership due to unpaid debts. The firm’s holding company B.UK, owned by the billionaire Barclay family, was placed into receivership by the Bank of Scotland after the firm failed to strike a deal on [...]
Tech start-ups tell No10 they will lose £1b if rebate cuts go ahead December 15, 2022 A number of UK based start-ups have written to Prime Minister Rishi Sunak, requesting that he rethink the slashed rebates for small and medium businesses. The government’s Autumn statement has limited the tax credits available to mid level companies in a bid to increase rebates available to larger businesses. According to tech start-ups this will [...]
Kingfisher: Profit warning at B&Q owner as economy bites September 19, 2023 Kingfisher: Profit warning at B&Q owner as economy bites
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR May 21, 2024 London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US.
Taylor Swift Eras tour set to break records as tickets go on pre-sale July 10, 2023 TICKETS for Taylor Swift’s European tour are set to go on sale this week, with predictions of sky-high prices on the secondary market. The star’s highly anticipated “Eras Tour” is expected to make a significant impact as it heads to Europe, with projections it will become the highest-grossing tour of all time, surpassing $1.5bn (£1.17bn) [...]
Private equity interest: Why is Morrisons such an attractive takeover target? June 21, 2021 Morrisons has rejected a £5.5bn takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. Shares in Morrisons jumped earlier this morning following confirmation of the rejection at the weekend, as the chain said potential bidder Clayton, Dubilier & Rice “significantly undervalued” the grocer with its 230p-per-share [...]
Lunaz: Creditors to lose almost £20m after collapse of David Beckham-backed electric vehicle company May 21, 2024 Creditors in Lunaz, the electric vehicle company backed by David Beckham, are set to lose out on almost £20m after the business entered administration.
B&M boosts revenue as expansion plan continues July 24, 2019 Bargain retailer B&M boosted revenue in the first quarter of the financial year, the company said, as it announced that its store opening schedule remains on track. Group revenue growth in the quarter was 21.4 per cent driven by B&M UK revenue growth of 13.8 per cent, the company said in a trading update this [...]
US stocks open higher to reverse yesterday’s losses July 9, 2021 US stocks opened up on Friday, helping to pare back sharp losses on Thursday. The blue-chip S&P 500 added 0.84 per cent in morning trading to reach 4,357. The tech-heavy Nasdaq gained 0.67 per cent, while the Dow Jones was up sharply by 1.11 per cent during the open. American benchmarks’ rebound was driven by [...]
Jamie Laing: Made in Chelsea and Radio One star’s Candy Kittens surges into the black July 10, 2024 Candy Kittens, the cat-shaped confectionary brand owned by Radio One DJ and Made in Chelsea star Jamie Laing has surged into the black, according to newly-filed documents.