‘The wellness era’: Pop star Cheryl on her new business venture Feel Vitamins Exclusive: Pop star Cheryl on her new business venture Feel Vitamins Pop star and television personality Cheryl is making her first foray into business with an investment in UK digital health company Feel, as she pivots from celeb life into wellness. Feel was launched by Boris Hodakel in 2019 claiming to clean up the “dirty” nutritional supplement market through its direct-to-consumer subscription model. It has already [...]
UK competition regulator secures commitments from Google on third-party cookies Competition watchdog secures commitments from Google on third-party cookies The UK’s competition watchdog has said it has secured commitments from Google on its proposal to remove third-party cookies from its Chrome browser. Third-party cookies are used by digital advertising companies to personalise and target advertising. The Competition and Markets Authority (CMA) said the commitments came after it took action in January over concerns Google’s [...]
Sigma agrees to £188m takeover by private equity firm PineBridge Sigma agrees to £188m takeover by private equity firm PineBridge Sigma has agreed to be bought by a subsidiary of real estate private equity specialist PineBridge Benson Elliott for £188.4m in cash. The London-listed developer said its board and Six Bidco, the entity through which PineBridge will make the acquisition, have agreed an offer of 202.1 pence per share, a 36 per cent premium to [...]
Space tech investor Seraphim announces plans for London IPO June 11, 2021 A space technology investor has this morning announced its intention to float in London. Seraphim Space Investment Trust will be the world’s first listed space tech fund as interest in the sector ramps up. There has been a race to commercialise spaceflight, with Jeff Bezos, Elon Musk and Sir Richard Branson all competing with each [...]
Cheers! Naked Wines sales surge 68 per cent on strong US performance June 11, 2021 Naked Wines has been one of the few winners during the pandemic, reporting a surge in both customers and sales off the back of a strong performance in the US. With pubs and bars shut for most of the year, the online wine retailer reported a 68 per cent increase in annual sales to £340.2m. [...]
Deutsche Bank set to take €100m hit after German court ruling June 10, 2021 Deutsche Bank has said it anticipates to book a €100m charge in the second quarter after a court ruling allowed some clients to challenge higher fees. The German lender also expects to take a revenue hit by another €100m in the second and third quarter, finance chief James von Moltke said. The case was brought [...]
Mitie forecasts better year as customers start to spend again June 10, 2021 Mitie has forecast a better-than-expected financial year as clients start to resume spending as lockdown restrictions ease. The FTSE-listed outsourcer was hit hard by the pandemic as customers like Rolls Royce and Heathrow slashed costs. “As businesses slowly start to reopen and our customers’ employees return to offices, we are starting to see some green [...]
Altice UK takes 12.1 percent stake in BT but ‘does not intend’ takeover June 10, 2021 A French telecoms giant has taken a significant stake in BT ahead of the expansion of the UK’s full-fibre network. Altice UK this morning announced it had taken a 12.31 stake in BT becoming its larget shareholder. Despite the sizable equity stake Altice said it had no intention to make a takeover bid, and instead [...]
CMC Markets more than doubles profit after surge in new customers June 10, 2021 CMC Markets has reported a record performance, doubling its annual pre-tax profit after a surge of new customers amid the retail trading boom. The online trading firm, founded by tycoon Lord Cruddas, reported a 63 per cent increase in net operating income to £409.8m. Pre-tax profit for the year ended 31 March 2021 came in [...]
UK remains Europe’s leading financial hub but Asian hubs are on the march June 10, 2021 The UK remains the world’s second most significant financial centre but the Brexit effect is starting to dent its performance, a new report suggests. The UK is still the largest financial centre in Europe and the second globally, New Financial analysis shows, streets ahead of European competitors. But Asian markets are on the march, with [...]
