My Sporting Life: Southeastern Rail managing director David Statham on Crystal Palace, Dulwich Parkrun and the power of sport May 13, 2019 Southeastern Rail's managing director David Statham on his love of Crystal Palace, starting the weekend with Dulwich Pakrun, trekking and the power of sport. What is your sporting passion? I live in south London, support Crystal Palace and I’m a regular at Selhurst Park – so I’ll be hoping the Eagles soar next season. I’m [...]
Outernet teams up with Technicolor to create new London media landmark May 13, 2019 Entertainment venue firm Outernet Global has teamed up with French giant Technicolor to create a new immersive advertising and live entertainment space in London. The firms have agreed a partnership as part of a multi-billion-pound project to create a new media hub offering a unique broadcasting environment in the West End. Read more: UK digital advertising [...]
US regulator SEC gives go-ahead for first ‘negative fee’ fund May 13, 2019 The Securities and Exchange Commission (SEC), the US financial regulator, has approved the first ever “negative fee” fund, which will pay investors for depositing their money. New York-based Salt Financial has waived its 0.29 per cent fee and will contribute 0.05 per cent to the fund instead meaning an investor will receive $5 (£3.86) for [...]
Arts minister leads calls to keep £56k Lady Chatterley’s Lover copy in UK May 13, 2019 Arts minister Michael Ellis has led calls to prevent a copy of Lady Chatterley’s Lover worth more than £56,000 from leaving the UK. Ellis has issued a temporary export ban on an annotated copy of D.H. Lawrence’s controversial novel, which was used by the judge who presided over its infamous obscenity trial. Read more: The [...]
City of London Corporation to borrow for first time in 30 years as costs of projects bite May 13, 2019 The City of London Corporation is to borrow for the first time in 30 years as a number of projects, including a new centre for music, squeezes its finances. The Corporation could borrow around £1bn over the next three years from its city fund, which meets the costs of its local authorities and police force, [...]
SALT to taste May 13, 2019 It was quite a week, even for a seasoned traveller like me. London to New York; New York to Los Angeles; LA to Las Vegas; Vegas to Los Angeles; then, eventually, home, happy but exhausted. I’ve crossed the Atlantic countless times, and it always makes me excited and full of anticipation; the US really can [...]
Non-Standard Finance confident of winning competition watchdog approval for £1.3bn Provident bid May 13, 2019 Non-Standard Finance said it expected to alleviate the competition watchdog’s concerns over its proposed £1.3bn hostile takeover of rival subprime lender Provident. The Competition and Markets Authority (CMA) launched an investigation into the potential deal in February and prevented NSF from taking steps to integrate the two businesses. Read more: Sparks fly as Provident accused [...]
Huawei CFO Meng Wanzhou thanks firm’s employees in emotional letter May 13, 2019 Huawei chief financial officer Meng Wanzhou has penned an emotional letter to the company’s employees, saying their support has “brought her to tears”. Meng, who is fighting extradition to the US from Canada, thanked staff at the Chinese tech firm for showing concern for her wellbeing during her detainment in Vancouver. Read more: Huawei CFO [...]
JP Morgan downgrades shopping centre landlord Intu May 13, 2019 Investor concerns over beleaguered retail landlord Intu showed no sign of fading today as shares slumped a further five per cent. Read more: Shares fall at shopping centre owner Intu as it warns on rental profit The shopping centre owner was one of the leading fallers on the London Stock Exchange this morning after an analyst [...]
Energy price cap hits Eon’s UK business hard as sales fall six per cent May 13, 2019 The government’s energy price cap put a dampener on Eon’s revenues in the first three months of the year, it revealed this morning. The figures UK sales decreased by six per cent to €153m (£132m), the company said, adding it had been hit by a triple-whammy including lower energy prices and reduced sales volumes. Read [...]