Bingo: Stride Gaming has full house after £70m takeover of Tarco Assets and 8ball August 31, 2016 Stride Gaming has become the fourth largest bingo operator in the UK market after completing the £70.2m acquisition of two smaller gaming groups. The Aim-listed group has a full house after the takeover of Tarco Assets and Netboost Media, and 8ball Games Limited, which was first announced in late July. The move has increased Stride's market [...]
Private equity firms backed to capitalise on Brexit opportunities October 20, 2016 Private equity houses have been backed to capitalise on uncertainty over the UK’s Brexit vote with new investments. A Boston Consulting Group (BCG) report out today highlights a number of areas private equity (PE) should be focusing on after the EU referendum result. And one of the report’s authors, Antoon Schneider, a senior partner at [...]
International Women’s Day: 12 of the most awesome women in the City March 8, 2017 With International Women's Day upon us, what better time to celebrate some of the City's brightest and best, from business bosses to economists? Here's a run-down of 12 of the most awesome women in the City… 1. Jayne-Anne Gadhia – chief executive of Virgin Money Jane-Anne Gadhia has been chief executive of Virgin Money since 2007 [...]
How low can the pound go? All your questions about the flash crash answered October 10, 2016 Currency markets opened yesterday evening after a turbulent end to last week for the pound. Sterling has slowly trundled steadily south since Britain’s decision to leave the EU. But last Friday sterling plummeted by six per cent in just two minutes during the early hours of the morning – it was dubbed a “flash crash”. Read [...]
HSBC’s shares rise four per cent despite larger-than-expected profit slump after Brazil disposal November 7, 2016 HSBC's share price rose by more than four per cent this morning, despite a sharper-than-expected slump in profits in the third quarter – although stripping out currency fluctuations, things looked rather better… The figures Pre-tax profit at the British lender fell 86 per cent to $843m in the quarter ended 30 September, down from $6.1bn in [...]
Before the bell: What you need to know before the US market open October 19, 2016 The global economic picture is looking rosier as the UK labour market holds up in the face of the shock vote to quit the European Union and the Chinese economy is showing signs of stabilising. Here's what you need to know before the US market open at 2:30pm London time. US futures are mixed ahead of the [...]
Gusbourne puts the sparkle back into the English wine industry as it angles a move in tourism sector October 23, 2016 Demand for sparkling wine has bubbled up in the past few years, cementing its place as one of the UK’s favourite drinks. Although prosecco has benefitted the most from this trend, outselling champagne for the first time in 2014, there’s a challenger on the sparkling wine scene that’s being made a lot closer to home. That new [...]
City Moves for 11 October 2016 | Who’s switching jobs October 11, 2016 Covington Lord Francis Maude, the former UK minister for trade and investment in Prime Minister David Cameron’s government, has joined Covington as a senior adviser in the firm’s public policy and government affairs practice.With a political career spanning almost 40 years, Lord Maude has held a number of high profile government positions, including financial secretary [...]
Here’s how much the UK government made from property taxes last year August 8, 2016 Anyone who thought this year's stamp duty hike on second homes was a bit harsh, we suggest you look away now: new research has suggested the government made a whopping £67bn on stamp duty, council tax and business rates last year. According to figures from the Taxpayers' Alliance (TPA), the government raked in £1.8bn or 2.8 per cent more in 2015 [...]
Rents grew at the slowest pace this year in September October 14, 2016 Rents grew at the slowest rate this year in September as landlords absorbed higher tax rates rather than pass them on to tenants. Across the UK rents grew three per cent in the year to September, according to the HomeLet rental index. Read more: How Airbnb started its own Cuban revolution On average, tenants signing new agreements [...]