UK recruitment giant Hays sees share price slip despite strong overseas performance October 11, 2018 Shares in leading recruitment firm Hays slumped more than 10 per cent in early morning trading, as a rise in net fees seemingly did little to ease investor nerves about currency headwinds and volatility in the sector’s UK market. Hays reported a nine per cent like-for-like growth in net fees in the quarter to the end [...]
Walmart acquires India’s largest online shop Flipkart in $16bn deal | City A.M. May 9, 2018 The US retail company Walmart is making their way into the Indian online shopping market after acquiring Bengaluru-based e-commerce company Flipkart in a $16bn (£11.8bn) deal. Walmart will invest $16bn in Flipkart, which is India’s largest online shop, for the controlling stake of more than 77 per cent. This includes buying out SoftBank, which is [...]
Weight Watchers slims down name in ‘wellness’ rebrand September 24, 2018 Weight-loss company Weight Watchers has announced it will slim down its branding, changing its name to simply WW in an effort to reflect a focus on “overall health and wellness”. Adopting a new tagline, “Wellness that Works”, the US company – which has seen its share price surge since media personality Oprah Winfrey took [...]
Renting DVDs from Lovefilm was actually still a thing… until Amazon closed it today August 14, 2017 Lovefilm is closing down. Didn’t know it was still around? No, us neither. The DVD rental by post service which was a true success of British tech and the dotcom era has finally been shuttered by Amazon, which acquired the startup in 2011 for £200m. If you’re wondering who might still be using Lovefilm, let [...]
Ada Health lands €40m from Len Blavatnik, Amazon Alexa creator William Tunstall-Pedoe and Google business chief Philip Schindler’s June Fund October 31, 2017 The company behind a healthcare app which can help diagnose symptoms has landed a multi-million pound round of funding from investors, who include a top Google executive, the man who created Amazon's Alexa voice assistant and one of Britain's richest billionaires. London and Berlin based Ada Health has raised €40m (£35.2m) to grow the business [...]
Para-cycling: Discipline setting positive precedent for inclusivity in disability sport September 9, 2018 Disability sport is always fighting for something: more participants, more funding, more exposure. It’s been an ever-present, worthy battle – and one which has been making progress. The Paralympic Games are the pinnacle of the movement; a visible global competition with a wide reach. But by their very nature the Games have a limited impact. [...]
Investors buy up shares in Sky as takeover saga heads to sealed bids auction September 19, 2018 Major investment managers and hedge funds have been busy building up their stake in media giant Sky ahead of a crunch deadline approaching this weekend. US based Elliott Advisors said it had raised its stake to 4.3 per cent. Hedge fund Odey Asset Management has also loaded up on shares, while another US fund Baupost [...]
Investors buy up shares in Sky as takeover saga heads to sealed bids auction September 19, 2018 Major investment managers and hedge funds have been busy building up their stake in media giant Sky ahead of a crunch deadline approaching this weekend. US based Elliott Advisors said it had raised its stake to 4.3 per cent. Hedge fund Odey Asset Management has also loaded up on shares, while another US fund Baupost [...]
Visa and Mastercard agree $6.2bn settlement over card fees September 18, 2018 Visa, Mastercard and a number of banks have agreed to pay $6.2bn (£4.72bn) to settle a long-running legal dispute over the charges retailers are forced to pay for accepting card payments. The lawsuit, which began in 2005, accused the card companies of breaking US federal antitrust laws by forcing retailers to pay swipe fees. Read more: TSB forced to [...]
Visa and Mastercard agree $6.2bn settlement over card fees September 18, 2018 Visa, Mastercard and a number of banks have agreed to pay $6.2bn (£4.72bn) to settle a long-running legal dispute over the charges retailers are forced to pay for accepting card payments. The lawsuit, which began in 2005, accused the card companies of breaking US federal antitrust laws by forcing retailers to pay swipe fees. Read more: TSB forced to [...]