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Evening Standard
Go-Ahead warns bus division recovery ‘slowing’ as Southeastern talks with transport ministry continue
Rail operator Go-Ahead saw shares suffer on Monday morning after warning investors its bus division has seen its post-lockdown recovery falter. The FTSE 250 firm said passenger numbers “steadily increased” to 70 – 80% of average pre-Covid levels on its regional bus services between early July and end October.But the firm warned it has seen a …
Business
Evening Standard
Playtech confirms Gopher exploring counterbid to Aristocrat takeover
London-listed gambling software group Playtech has confirmed Gopher Investments is exploring a bid for the company to rival a £2.7 billion takeover offer from Australian firm Aristocrat Leisure. Last month Playtech agreed to a takeover by the slot machine developer which valued the FTSE 250 firm at 680p a share. Sky New reported yesterday that …
Business
Business Live
Second-hand fashion clothing firm Loopster collapses
A second-hand clothing online business, backed with a six-figure equity investment from the Development Bank of Wales, has collapsed. Newport-based Loopster was launched in 2017 by Jane Fellner. To support its scale-up plans in 2020 it secured a seed funding round of £500,000, which included a £250,000 equity investment contribution from the Development Bank of …
Business
Business Live
E-Factor business hub proposal for prominent Grimsby town centre building backed by local authority
Plans for business support organisation E-Factor to take over a prominent Grimsby town centre building have been backed by the local authority. North East Lincolnshire Council has approved the business case to renovate St James House into a business hub. It opens the door to £1.5 million of Towns Fund money, allocated by central government …
Business
Business Live
Business recovery in South West continues but firms hit by rising energy and staffing costs
Companies in the South West continued to secure more business in October but the rising cost of energy, raw materials and staff drove the “steepest increase” in operating expenses for 25 years, new research shows. The latest regional PMI data from NatWest showed an accelerated rise in business activity across the region, but found private …
Business
Business Live
Chef’s lockdown frozen ready meal venture launches own professional kitchen
An East Yorkshire chef who was inspired to create frozen restaurant-quality meals during lockdown has set up a professional kitchen in Pocklington. Ali Bilton grew up in the county, but travelled the world cooking for private clients in an international career spanning 30 years. She launched a range of chef-prepared dishes for people to enjoy …
Business
Business Live
Transport giant Go-Ahead to update shareholders on talks following loss of southeastern rail franchise
North East transport giant Go-Ahead says it will update shareholders next month on discussions with the Government following its controversial loss of the Southeastern rail franchise. The Newcastle company was stripped of the service last month for failing to declare £25m of taxpayer funding, triggering talks with the Department for Transport (DfT) and an independent …
Business
Sky News
Football finance veteran Harris eyes club takeover through US SPAC deal
Keith Harris, the veteran financier of football club takeovers, is kicking off a search for another sporting deal with a New York-listed “blank cheque” company.Sky News has learnt that LAMF Global Ventures Corp I, which has been set up by two US entertainment industry executives, will explore the acquisition of a major European club during …
Business
Sky News
JD Sports says car park meeting not suspicious after footage published
JD Sports has said it is not “suspicious or illegitimate” for its executive chairman Peter Cowgill to meet his opposite number at rival Footasylum – as it responds to the publication of footage in a newspaper.The Sunday Times said the footage showed Mr Cowgill meeting Barry Bown in a car park near Bury in July …
Business
Business Weekly
Cambridge startup raises $103m in first close of Series B
The investment community is getting used to fireworks from bit.bio so it was fitting that the Cambridge company chose November 5 to announce the close of its Series B round at $103 million. New and existing institutional and strategic investors were involved in bit.bio’s Series B round,; backers include Arch Ventures, Charles River Laboratories, Foresite …
Business
Sky News
Double take off at Heathrow as ‘excited’ passengers take advantage of US reopening borders to UK travellers
Rival airlines British Airways and Virgin Atlantic have operated a synchronised departure from Heathrow to celebrate the end of the US travel ban for fully vaccinated passengers from the UK.“Excited” passengers queued to check in at the airport after the lifting of the travel ban brought an end to almost two years of coronavirus restrictions …
Business
Sky News
Gopher explores £3bn counterbid for gambling software group Playtech
An investment vehicle which began building a stake in the London-listed gambling software group Playtech earlier this year is weighing plans for a £3bn takeover of the company.Sky News has learnt that Gopher Investments is working with bankers at Rothschild on an offer that would trump a recommended bid announced last month from Aristocrat Leisure, …

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