Imagination Technologies share price dips as it sells Pure radio business for £2.6m September 29, 2016 Imagination Technologies announced today that it has sold its Pure digital radio business. Pure was sold for £2.6m on a cash and debt free basis to Austrian firm AVenture AT GmbH. Imagination Technologies said the buyer has also been granted an option to acquire one of the group's properties in Kings Langley, Hertfordshire for £4.5m. The chip-making [...]
Love at first sight for EliteSingles October 3, 2016 The parent company of the premium dating service EliteSingles, Affinitas GmbH, made the first move and acquired French dating site Attractive World. Attractive World is the number one dating service in France and also operates in Belgium, Luxembourg and Switzerland. More than 2m singles have applied to the site since its creation in 2007. During [...]
Black Friday 2016: Five fitness and activewear-tastic bargains to snap-up, stay fit and stay warm November 24, 2016 Usually the time to think about getting fit is after you have plumped yourself up full of turkey and Christmas pud… not before. But there are a bundle of Black Friday activewear deals out there so you can get a headstart on a healthy 2017. Or at least, grab a bargain that will stay in its box until your return to [...]
Costain’s share price jumps five per cent following “excellent” half-year results August 24, 2016 Shares at the construction company at the centre of the London Bridge station regeneration leapt five per cent this morning after releasing half-year results and shrugged off concerns about the Brexit vote. Speaking with City AM, Costain's finance chief Tony Bickerstaff hailed the results and said that "we see as many opportunities coming out of Brexit as concerns." "It is [...]
H&M misses forecasts after spending spree January 28, 2015 HENNES & Mauritz posted lower than expected fourth quarter earnings yesterday as the Swedish fashion giant splashed out on new ranges and websites in its battle against increasing competition from rivals. The retailer said pre-tax profits for the three months to the end of November rose seven per cent to 7.8bn Swedish kronor (£600m), missing [...]
Fraud squad charges logistics company plus seven individuals on alleged bribery related to Angolan oil July 13, 2016 Seven individuals plus one company have today been charged by the Serious Fraud Office (SFO) on grounds of alleged bribery involving Angolan oil. Logistics company F.H. Bertling, the UK subsidiary of the German-headquartered Bertling Group, is accused of conspiring to bribe an agent of the Angolan state oil company, Sonangol, in an attempt to benefit its own business interests. The [...]
Beat the post-Eurovision blues with a trip to Stockholm, where these waxen ABBA nightmares stand in perpetual, staring horror May 20, 2016 Landing in Stockholm, bleary-eyed and frizzy-haired, I wondered if this was all going to be a bit too cool for me. People have got their act together in Sweden. They eat well, they look immaculate and everything they do is world-beating – from their achingly cool subtitled dramas, to their forward-thinking paternity leave policy and [...]
Imperial Brands in talks to save wholesaler Palmer & Harvey alongside Carlyle and McColl’s founder September 28, 2017 Tobacco giant Imperial Brands confirmed this morning that it is in talks to help save Palmer & Harvey, the UK’s biggest cigarette supplier. In a trading update, Imperial said it was seeking to create a “sustainable future” for P&H, which supplies Tesco and other major retailers. Shares in Imperial dropped 2.3 per cent this morning [...]
BHS is in administration: Here’s what analysts say was to blame (and what the future holds) April 25, 2016 BHS is in administration having notched up £1.3bn in debt, it has been confirmed this afternoon. Duff & Phelps has been appointed to handle the iconic retailer's administration, with managing directors Phil Duffy and Benjamin Wiles sounding confident about finding a new buyer. City A.M. understands more than 30 enquiries have already been made, and now [...]
The London mayor’s ploughed £2.5m into startups since Brexit November 28, 2016 The Mayor of London has ploughed more than £2.5m into the capital's soon-to-be star startups since the vote for Brexit in a bid to show the world the city's "open for business", as he unveiled a new line up of advisors drawn from the UK's ranks of top entrepreneurs and business leaders. Sadiq Khan hailed the London Co-investment [...]