Spotify’s (SPOT) results get a rocky reception, as it hits subscriber growth at a €394m expense | City A.M. July 26, 2018 In its second financial report since going public, Spotify confirmed expectations that it won’t be profitable any time soon. The music streaming app, which listed on the New York Stock Exchange directly in April, revealed €1.27bn (£1.13bn) in revenue across its second quarter this afternoon, up 26 per cent year-on-year and in line with analyst [...]
CYBG and Virgin Money agree £1.7bn takeover with Virgin Money boss Jayne-Anne Gadhia stepping down from chief exec role June 18, 2018 The owner of Clydesdale and Yorkshire banks, CYBG, confirmed this morning it had agreed a £1.7bn tie-up with Virgin Money, which it said will create "the UK's first true national banking competitor to the status quo". The terms of a recommended all-share offer have been agreed, and based on the closing price of 306p per [...]
CYBG and Virgin Money agree £1.7bn deal with Virgin Money boss Jayne-Anne Gadhia stepping down from chief exec role | City A.M. June 18, 2018 The owner of Clydesdale and Yorkshire banks, CYBG, confirmed this morning it had agreed a £1.7bn tie-up with Virgin Money, which it said will create “the UK’s first true national banking competitor to the status quo”. The terms of a recommended all-share offer have been agreed, and based on the closing price of 306p per [...]
Warhammer creator Games Workshop hands £5m bonus to staff after another stellar year June 8, 2018 Games Workshop handed £5m in bonuses to its staff this year after profits almost doubled again. In a trading update issued today ahead of the full results in July, the retailer said it had grown sales across all channels, including its high street shops, in the year to 3 June. Turnover is expected to be [...]
Setting out on a two-day city break in India to see how many temples, tours and thalis I could fit in in a week February 8, 2019 The buzzing financial capital of Maharashtra as well as the heart of the Bollywood film industry, Mumbai is home to 24m people. It’s hard to get your head around but, like any big city worth its salt, Mumbai is a mass of contradictions and conflicting realities, the city of dreams that India’s most wealthy citizens [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
New Homes: What’s going on sale this week in London August 10, 2018 Landmark Pinnacle, Canary Wharf From £542,750 You’ll be breaking records by buying an apartment in this 75 storey skyscraper, which claims to be the tallest residential tower in London. It also has the highest residential gym, roof terrace and a landscaped garden square halfway up. These are the last homes to go on sale, [...]
Vice Media’s online food brand Munchies is to expand its physical presence with a food hall venture August 21, 2018 Munchies, the online food channel owned by Vice Media, is to expand its presence in the physical world. The publisher has agreed to a brand licensing contract for a food hall at American Dream Meadowlands, a retail complex an under construction in New Jersey. Agreed between the online brand and the centre owner, Triple Five [...]
Softbank is to sell a majority stake in the Chinese arm of Arm Holdings for $775.2m June 5, 2018 Arm Holdings, the British chip designer owned by Softbank Group, has announced the upcoming sale of a majority interest in its Chinese semiconductor design unit for $775.2m (£580.3m). The company is selling 51 per cent of its Chinese business, Arm China, and will cede control of the unit following the sale. Arm Holdings intends to [...]
Finalist November 9, 2022 Start-up of the Year supported by World Mobile Swash Swash is reinventing data ownership through new incentivisation streams and a collaborativedevelopment framework, governed by the ethos of Web 3. It enables individuals, developers, and businesses to cultivate new realities of data ownership and value creation. It is the largest data unionin the market with over [...]