Freezer King bags £542m as AO.com soars February 26, 2014 AO WORLD founder John Roberts is sitting on cash and shares worth around £542m after the online white goods empire he founded 14 years ago made a grand entrance onto the London Stock Exchange yesterday, with shares leaping 32 per cent. Roberts has reduced his 40 per cent stake to 28.6 per cent, the company [...]
Supermarkets sweep to the bottom of FTSE – London Report October 1, 2014 BRITAIN’S top equity index fell yesterday to its lowest closing level in nearly six months, as a new slump in the shares of supermarket retailers hit the market. The sentiment was also hit by news that Britain’s manufacturing grew at the slowest rate in 17 months in September as demand weakened at home and in [...]
Royal Mail share sale oversubscribed as 700,000 apply October 9, 2013 MORE than 700,000 individual investors have applied for shares in Royal Mail, Vince Cable announced yesterday, making the sale one of the most popular privatisations in British history. The Lib Dem business secretary also confirmed that the retail offer is seven-times oversubscribed, making it highly unlikely that would-be investors will receive their full allocation of shares. [...]
London Report: China data weighs on FTSE but Scottish No poll helps firms September 11, 2014 BRITAIN’S top shares dropped yesterday as concerns over demand from China took their toll on miners, while clothing retailer Next fell after its results underwhelmed the market. The FTSE 100 index closed down 30.49 points, or 0.5 per cent, at 6,799.62 points. Weak Chinese inflation data, which showed more signs of cooling growth in the [...]
RBS suspends traders during foreign exchange investigation October 31, 2013 ROYAL Bank of Scotland (RBS) has suspended two traders in conjunction with an investigation into the potential manipulation of foreign exchange rates. A global probe by US, UK and Swiss regulators is looking into whether banks colluded to set rates. London-based executives at three other major banks have been put on leave, according to reports. [...]
Irish bank puts Royal Exchange up for sale with £75m price tag October 17, 2013 THE ROYAL Exchange looks set to change hands after its Irish owners put it up for sale with a £75m price tag. The iconic site above Bank station is being sold off by The Irish Bank Resolution Corporation, which said yesterday it has hired property advisers CBRE to market the 450-year-old building. The Royal Exchange [...]
Amazon plans Sunday deliveries in London as part of new service November 12, 2013 AMAZON will roll out Sunday deliveries across London by the end of November using its own trucks to complete the so-called last mile to customer’s doors, according to the Wall Street Journal. The project was announced as part of a US trial starting this week in which Amazon Prime customers can use their free two-day [...]
London Report: Rise of support for Scottish Yes vote knocks FTSE shares September 8, 2014 BRITAIN’S top shares fell further from last week’s 14-year high yesterday, hurt by firms with exposure to Scotland after a poll unexpectedly showed a lead for supporters of Scottish independence before the 18 September referendum. The YouGov survey for the Sunday Times newspaper was the first this year to give the Yes campaign a lead, [...]
Theatre review: Teh Internet is Serious Business, The Royal Court September 26, 2014 IT’S HARD to know what the greying grandees of London theatre criticism would have made of Teh Internet is Serious Business, a play that revels in an online world of memes and trolls, cheeseburger-demanding cats, socially awkward penguins and condescending Willy Wonkas. But what appears as incomprehensible nonsense to most, makes perfect sense to a [...]
Arts and lifestyle highlights for the next twelve months January 5, 2014 From Glastonbury to Shakespeare to Matisse, you won’t be short of things to do in 2014 MUSICArcade Fire confirmed as headliners for Glastonbury 2014The Glastonbury 2014 lineup is being kept under-wraps until summer, but that hasn’t stopped rumours surfacing thanks to loose-tongued artists and hints dropped by organiser Emily Eavis. Arcade Fire instigated a flurry [...]