London set for biggest IPO in six years as warehouse giant plots 2017 float January 12, 2017 London is set for its biggest float in more than half a decade, City A.M. can reveal. Private equity giant Blackstone is aiming to list warehouse business Logicor, which is valued at around €13bn (£11bn), on the London Stock Exchange in 2017. Sources told City A.M. the initial public offering (IPO) could come in the first [...]
Bill Gates tops US rich-list as Trump plunges October 4, 2016 Microsoft founder Bill Gates has retained his position as the richest person in the US for the 23rd year running. The latest Forbes ranking of the richest Americans put the tech entreprenuer top with a net worth of $81bn (£62bn). Meanwhile, US presidential hopeful Donald Trump took a hit, with his personal fortunre dropping around $800m, [...]
Another huge win for post-Brexit UK: Snapchat sets up international HQ January 10, 2017 Snap, the newly formed parent company of huge hit messaging app Snapchat, has chosen to set up its international headquarters in the UK in another boost for a post-Brexit UK. The multi-billion-dollar valued firm which is expected to go public this year will book its UK sales here, and those from countries where it has no [...]
Amazon to create 500 new UK jobs as it opens giant distribution depot in Coalville, Leicestershire – right in the middle of the UK February 19, 2016 When the Forth bridge was closed just before Christmas because of high winds, Scots joked that one of Amazon's UK distributions centre was north of it. But Santa's elves need worry no more, after Amazon announced the impending opening of a giant, 1m sq ft, distribution warehouse in Coalville, Leicestershire, this autumn. Coalville, just FYI, is smack-bang in the centre of [...]
Consumer goods group Ultimate Products heads for a £100m-plus IPO in the next few days March 1, 2017 Ultimate Products, the innovative consumer goods group, is set for a £100m-plus IPO in London within days. It will list on the main market under the name of UP Global Sourcing Holdings. The IPO’s pricing could take place as early as today. The placing is understood to be substantially oversubscribed with investors taking part believed [...]
Make America Great Again: This is where you can buy Kenneth Bone’s red knit jumper October 10, 2016 Forget Donald or Hillary, Kenneth Bone was the stand-out star of the US Presidential Election debate last night. In a sometimes shocking debate, Bone was an instant hit on Twitter when he raised the tone with an intelligent question about the candidates' energy policies. Read more: In quotes: The most shocking moments from the US presidential debate [...]
Here’s what tech stocks are doing after Trump’s win November 9, 2016 Shares in Google parent Alphabet, Apple and Amazon were down more than two per cent in pre-market trading on Wednesday after Donald Trump clinched victory from Hillary Clinton to become the next President of the United States. Many of the firms hold billions of dollars in profits offshore so they don't have to pay a 40 [...]
Is former No 10 tech guru Rohan Silva right that competition authorities should investigate Amazon’s book market dominance? February 23, 2016 Alex Krasodomski-Jones, digital researcher at Demos, says Yes. Amazon’s continuing dominance of the book market is problematic for both industry standards and for anybody who believes in the power of books to challenge and educate us. First, its dominance ensures that its working conditions and management style remain unchallenged. But its dominance costs us too. You [...]
No, YouTube.TV isn’t going to replace broadcast television. It’s New Coke March 6, 2017 I recently learned that in Scottish dialect the word “tube” is quite the insult – an idiot – and that when YouTube was first launched, many got the wrong end of the stick. “It’s on you tube!” could quite easily be interpreted as an invitation to fight. 12 years later and as far as established [...]
Fast Company’s most innovative companies 2016:OMG! Buzzfeed tops list ahead of Facebook, Amazon, Apple and Uber February 16, 2016 Move over Zuckerberg and step aside Bezos – there's a new innovator in town, and it might just surprise you to find out who. Beating both Facebook and Amazon, as well as Uber, Apple and Alphabet, it's media darling and animal listicle inventor Buzzfeed which has been named the most innovative company in the world. Putting a nail in [...]