Venture capitalists must embrace crowdfunding: It’s where the future lies January 26, 2017 Maybe you’re just not ready for venture capital”, said William H Draper to a potential partner. It was 1959, and the now-legendary VC was trying to persuade a firm to invest in his new fund. Set up as a limited partnership, it was different to any other investment opportunity then on the market. General William [...]
World Cup 2018: England beaten by Belgium and face Colombia in last 16 but will Gareth Southgate’s Russian roulette pay off? June 28, 2018 When is a defeat not a defeat? It’s a curious logic, but perhaps when it diverts your team into what is – on paper, at least – an easier half of the World Cup draw. That certainly appeared to be Gareth Southgate’s take after England’s loss to Belgium tonight in Kaliningrad, a tepid Group G [...]
McColl’s founder approached by buyout house Carlyle to lead Palmer & Harvey rescue September 26, 2017 Private equity firm The Carlyle Group has invited a co-founder of convenience store McColl’s to take a key role in its rumoured buyout of Palmer & Harvey (P&H), according to Sky News. James Lancaster is reportedly being drafted in to join the grocery wholesaler as its non-executive chairman, in a deal aimed to salvage the [...]
Ryanair warns sterling decline will hit full year profits October 18, 2016 Shares in budget airline Ryanair dipped today after it warned its full year profits are likely to be hit by the recent declines in sterling following June's Brexit vote. The pound plunged to record lows in the wake of the EU referendum result, and has struggled to recoup its losses since. The carrier reduced its full year [...]
TSB online banking down as customers complain about not being able to access their accounts for a fifth day April 24, 2018 Some TSB customers have complained that troubles with mobile and online banking have continued into a fifth day after an IT upgrade over the weekend. TSB transferred 1.3bn customer records from the Lloyds platform over to a new platform built by Spanish bank Bacno Sabadell, which acquired TSB in 2015. But customers have been complaining [...]
Pizza and pasta restaurants continue to flourish in the capital, here are some of the top new openings February 7, 2017 Dough-nt settle for anything than the best pizza and pasta. 1. Hai Cenato 2 Sir Simon Milton Square, SW1E 5DJ Victoria’s new Nova development is now open, housing over a dozen restaurants, including Hai Cenato, an Italian from globetrotting chef Jason Atherton. The Pollen Street Social and Berners Tavern owner will serve up a wide [...]
Zara owner Inditex to slow down store openings as consumers shift online March 9, 2016 Inditex shares rallied this morning after the world's largest fashion retailer posted a strong start to the year and said it will be slowing down the pace of store openings as consumers shop increasingly online. The Zara and Massimo Dutti owner said it plans to grow store space by six to eight per cent in the coming year compared with eight per cent [...]
Bilderberg meets today: Here’s the full guestlist June 9, 2016 It may not be quite the shady organisation of conspiracy theorists' fevered imaginations – but the traditionally secretive Bilderberg conference nevertheless courts a certain amount of intrigue. This year, presumably in an effort to increase transparency, the conference's organisers have published a list of everyone attending (lizard people notwithstanding). The list, according to Bilderberg, is about [...]
BHS administration “more significant than Woolworth’s” as cost to taxpayer stacks up April 26, 2016 The collapse of BHS could be "more significant than Woolworths" – and the business is unlikely to survive in any meaningful form, experts have told City A.M. Parent company Retail Acquisitions called in administrators Duff & Phelps yesterday afternoon, a year after buying the debt-laden business from Sir Philip Green for £1. Managing directors Phil [...]
Gap’s share price falls after reporting downbeat full-year earnings outlook February 25, 2016 After announcing a fairly downbeat full-year earnings outlook, retailer Gap's share price slid over four per cent in after hours trading. The company said that it now expects diluted earnings per share to be in the range of $2.20 – $2.25 for the 2016 fiscal year, against expectations of $2.44 per share. The news came as [...]