Playtech upgrades guidance as B2B business grows amid Snaitech sale September 30, 2024 Gambling software firm Playtech has upgraded its guidance due to growth in its business-to-business arm grows, and said it will deliver €1.7bn (£1.42bn) to shareholders via the sale of Snaitech. Adjusted earning before interest, tax, depreciation and amortization (EBITDA) in the six months ended 30 June rose 11 per cent to €243m (£202m), driven by [...]
London markets boosted by bullish Omicron outlook December 7, 2021 Investors continue to be bullish about the Omicron variant posing little threat to the global recovery from the pandemic, lifting London markets today. The capital’s premier FTSE 100 index shot up 1.13 per cent to 7,314.33 points during the first hour of trading. The mid-cap FTSE 250 index, which is more aligned to the health [...]
Asda kicks debt worries into the next decade after £3.2bn deal May 3, 2024 Asda has pushed its debt worries into the next decade after it refinanced more than £3.2bn of its debt, it has been announced.
What are B Corp standards and why are they about to get tougher? January 23, 2024 B Corporation standards could get tougher as B Lab Global launches its second public consultation at a “vital juncture” for purpose-led businesses. The proposed change to standards cracks down on the “flexibility” companies currently have in becoming B Corp certified, emphasising must-have criteria for a range of impact topics. A B Corp is a company [...]
The Debate: Should B Corps cut ties with fossil fuel companies? July 25, 2024 City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. The Debate: Should B Corps cut ties with fossil fuel companies? Is it delusional to pretend that fossil fuel companies meet the B Corp standards, or is it unrealistic to shun companies like [...]
Informa momentum grows helped by Saudi and Gulf “growth engine” March 8, 2024 Informa revenues and adjusted operating profit both grew last year, with the FTSE 100 firm also hiking guidance
The fight for B Corp’s soul August 6, 2024 Last month, the French media giant Havas was stripped of its B Corp certifications after signing a global media buying contract with Shell. Ali Lyon explores what the decision means for the industry
Shipping firm Convelio raises record £26m for art logistics March 7, 2022 Shipping firm Convelio announced this morning that it has raised a further $35m (£26m) in Series B funding, marking the world’s largest investment in arts logistics.
Playtech beats expectations as US casino deals boost growth March 27, 2024 Gambling software firm Playtech's full-year earnings came in ahead of market expectations as a string of prior deals with US casinos helped drive growth.
Michael Spencer-backed fund raises $130m for B2B fintech push August 2, 2021 Fintech-focused venture capital firm Element Ventures has announced a $130m (£93.5m) fund to invest in b2b financial enterprise technology businesses. Michael Spencer, City grandee and founder of interdealer broker Icap, was the fund’s cornerstone investor. It comes after Spencer contributed at least £25m to the fund upon launching last year, via his investment vehicle IPGL. [...]