London VC firm raises record $700m to fuel European tech September 25, 2023 London investment firm Dawn Capital has raised $700m (£572m) as it looks to nurture the tech talent and innovation blossoming across the continent. The venture capital (VC) firm’s $620m flagship fund, Dawn V, aims to support software startups with initial investments ranging from $10-$40m at Series A and B stages. It is the largest ever [...]
B&M share price tumbles on slow Christmas sales growth January 10, 2020 Discount chain B&M’s share price has fallen by more than eight per cent this morning after a trading update reported a challenging Christmas period. The company said like-for-like sales for the 12 weeks leading up to 28 December had increased by 0.3 per cent. Read more: Selfridges’ Christmas sales boosted byt vegan food and toys [...]
Future: Publishing giant poaches ITV veteran to be new finance chief May 3, 2024 Publishing giant Future has poached ITV veteran Sharjeel Suleman to be its new chief financial officer as the firm looks to rebound from a slump in profit last year.
Football NFT platform Sorare raises $680m in Series B funding round September 21, 2021 Sorare, an NFT-based fantasy football game, has raised $680m (£497m) in Europe’s biggest ever Series B funding round. On the Sorare platform users buy, sell and exchange digital football cards, representing players, to build a fantasy team. Each card is an NFT meaning that it is unique and ownership is verifiable on a blockchain. “Sorare’s [...]
US Open golf leaderboard in full ahead of Sunday round at Pinehurst June 16, 2024 LIV Golf League competitor Bryson DeChambeau leads the US Open after round three, three shots ahead of the chasers at the difficult Course No2 at Pinehurst. Only four golfers in the history of the US Open have finished their fourth round on Sunday under par, three of those coming in 2014. Pinehurst is seen as [...]
Crypto start up Amber Group valued at $3bn after bumper funding round February 22, 2022 Crypto start up Amber Group claims its valuation has soared to $3bn after a bumper $200m Series B+ funding round.
Playtech sells Italian arm to Flutter for £2bn September 17, 2024 London-listed gambling tech provider Playtech has agreed to sell its Italian gaming arm Snaitech to Flutter Entertainment for €2.3bn (£1.9bn). Playtech first confirmed discussions with Flutter, the owner of Paddy Power and Betfair, in August. The deal values Snaitech at a significant premium to Playtech’s market capitalisation as of 13 August, the last date before negotiations [...]
Morrisons suitor CD&R gears up to beat Fortress bid August 16, 2021 New York bidder Clayton, Dubilier & Rice (CD&R) is gearing up to place its counter-bid to the leading £10bn Fortress offer for Wm Morrison supermarkets before its deadline next Friday. CD&R planted the seed for the ongoing private equity bidding war for the British supermarket in June, when it placed a 230p per share offer [...]
Next 15 shares plummet 50 per cent after major client exits contract September 6, 2024 Shares in digital communications firm Next 15 have plummeted by 50 per cent today after the business announced one of its biggest clients would not be renewing its contract. The London-listed company, which provides B2B marketing services, said its venture building division Mach49 was set to be down £80m in revenue in its 2026 financial [...]
Future: Marie Claire and Country Life publisher returns to growth as mags continue to sell April 4, 2024 Magazines under the Future brand, including Marie Claire and Country Life, helped grow sales in the first half of the year.