Revolut investors cash in with $1bn share sale
Backers of Revolut have offloaded just shy of $1bn worth of stock in the neobank in just four months, after it extended its secondary share sale for the second time earlier this month. The investors,
Grant Thornton UK partners green light private equity deal with Cinven
Accountancy giant Grant Thornton UK partners have "unanimously voted in favour" of investment from private equity firm Cinven
Canal+ float fails to make a splash as shares fall more than 23 per cent
The float of Canal+ on the London Stock Exchange got off to a shaky start with its share price dropping more than 23 per cent, valuing the company at around £2.4bn. The only £1bn-plus IPO of the yea
UK companies cut jobs at fastest rate in nearly 4 years
The private sector cut jobs at the fastest rate for nearly 4 years in December as firms respond to new tax rules announced in the Budget. The latest S&P Global Flash UK Purchasing Managers’ Index (P
Shares in Ladbrokes owner Entain slump on money laundering investigation
Entain shares fell nearly seven per cent this morning after the gambling giant was sued by Australian authorities over a failure to comply with anti-money laundering rules. The Australian Transaction
Tory peer’s plan for English football ‘opens door to Kim Jong Un and Assad’
Dictators such as Kim Jong Un or Bashar al-Assad could be encouraged to buy English football clubs if “preposterous” proposals from Tory peers are passed, campaigners have warned. Lord Moynihan,
Talktalk to axe hundreds of jobs in latest cost-cutting drive
Talktalk is set to cut hundreds of jobs as it looks to boost its balance sheet after narrowly avoiding collapse earlier this year. The telecoms giant, which had 1,857 employees at the end of February,
Vince Cable warns against bid by the ‘Czech Sphinx’ for Royal Mail
Former business secretary Vince Cable has warned the Government not to wave through the sale of the Royal Mail to Czech tycoon Daniel Kretinsky, citing his links to Russia and the high amount of debt
Water bills set to rise by a fifth as government calls for ‘complete reset’ of sector
Water bills are set to rise by at least 21 per cent as the government slams a "failure of regulation and governance" within the sector.
Boohoo’s money troubles increase as bidder for London office walks away
Boohoo has suffered another financial setback after an Israeli bidder pulled out of talks to buy its London office. The company was set to sell its Soho office for £60m to cover a looming debt repaym