Fimalac builds £500m digital ad firm with Jellyfish deal November 5, 2019 Fimalac, the group owned by French billionaire Marc Ladreit de Lacharrière, has bought a majority stake in London-based digital marketing agency Jellyfish as it seeks to compete in an increasingly online advertising landscape. Fimalac data-driven marketing specialist Tradelab will be merged with Jellyfish, the companies said, to create a combined entity with a market capitalisation [...]
Takeaway.com lashes out at Prosus ‘scaremongering’ in battle to buy Just Eat December 3, 2019 Takeaway.com has accused Prosus, the company it is competing against to buy Just Eat, of “scaremongering” to try to persuade shareholders to accept its rival offer. The Dutch food delivery firm has had a £5bn bid accepted for Just Eat but tech group Prosus has come in with a rival 710p per share offer. Read [...]
Airbnb hires Morgan Stanley and Goldman Sachs to lead stock market listing October 3, 2019 Airbnb is reportedly preparing to hire Morgan Stanley and Goldman Sachs to advise on its planned stock market debut next year. The short-term rental company is considering going public through a direct listing rather than an initial public offering (IPO) in mid-2020, according to Reuters. Read more: Airbnb plots direct listing instead of traditional IPO [...]
JP Morgan CEO Jamie Dimon says wealth gap is ‘huge problem’ November 11, 2019 JP Morgan boss Jamie Dimon has admitted there is a “huge problem” with the wealth gap in the US, wading into the debate over income inequality after facing heat from Democratic frontrunner Elizabeth Warren. The Wall Street titan told CBS that “the wealthy have been getting wealthier too much in many ways”, but he remained tight-lipped when [...]
UK’s top restaurants swing to £93m loss November 18, 2019 The UK’s top 100 restaurants swung to a loss this year as they struggled to stay afloat under the increasing pressure of rising overheads and falling sales, which are taking their toll on the casual dining sector. The industry has plunged to a £93m loss in the last 12 months, in a year that has [...]
Amazon in talks to invest £450m in Deliveroo May 16, 2019 Amazon is in talks to invest hundreds of millions of pounds in Deliveroo giving the food delivery app a boost as it takes on takeaway rival Uber Eats. The internet retailer will announce a deal to back Deliveroo as part of a $575m (£450m) funding round which is expected to be revealed in the coming days, [...]
Election megapoll: Tories hold 13 point lead over Labour November 25, 2019 Boris Johnson is holding a 13 point lead over Jeremy Corbyn according to a new mega-poll, with both main parties making slight gains in the last week. The Conservative party’s rating stands at 43 per cent, a new PA Media survey has found. Read more: Corbyn to remain neutral in second Brexit referendum Meanwhile, Jeremy [...]
UK weather forecast: Showers to batter Brits until Sunday after rainfall causes travel havoc September 25, 2019 UK faces days of downpours after almost a month’s worth of rain fell across Britain in just 12 hours. Some areas were drenched with above 50mm of rainfall yesterday, according to the Met Office. That was only around an inch off the total rainfall in September. Read more: ‘Torrential’ thunderstorms to shatter London heatwave The [...]
Coronavirus: The crisis could be the turning point for LawTech April 9, 2020 When we look back on the current coronavirus pandemic, we will see it as a major turning point in history. The scale of this crisis will dramatically reshape society and the entire global economy forever, for better and for worse. Our main focus should be on ensuring that the better outweighs the worse, for moments [...]
New York City hits the brakes on all new drivers for Uber and Lyft | City A.M. August 9, 2018 New York City’s local council has pressed pause on granting new licences to ride-hailing firms for one year, blaming companies such as Uber and Lyft for the city’s congestion problems. The package of measures outlined by the city’s mayor Bill de Blasio overnight also includes setting a minimum wage for drivers, after the New York [...]