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Consolidation looms for UK fintechs as IPO prospects dim and funding tightens
The UK’s fintech sector is preparing for further consolidation amid a lack of IPO activity, as successful start-ups grow and established companies aim to ward off future competitors. Industry leaders have informed City AM that firms facing financial difficulties will be under increasing pressure to consider buyout offers, with venture capital investment subdued and public …
Business
Evening Standard
DP World to attend Government investment summit despite call to boycott P&O
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.DP World will attend the Government’s international investment summit on Monday despite reports that a row over calls to boycott its subsidiary …
Business
Sky News
P&O Ferries owner’s £1bn investment in UK will go ahead despite minister calling for shipping firm boycott
A £1bn investment in Britain by port operator DP World will go ahead as planned, after a frantic effort by ministers and diplomats to repair relations following a row with the Dubai-owned multinational that threatened to overshadow a crucial investment summit.On Friday, Sky News revealed that the planned investment was under review and that DP …
Business
Business Live
Popular youth centre to be bulldozed as council reveals future plans for site
A youth centre affectionately dubbed ‘The Boyzee’ that was on the brink of its 60th anniversary has closed and is now facing demolition to pave the way for new ‘low-carbon homes’. The OASIS Centre for Young People in Ellesmere Port shut over the summer and Cheshire West and Chester Council has now lodged a planning …
Business
Evening Standard
Labour seeks to balance P&O criticism after Starmer slaps down call for boycott
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.A Labour MP has sought to balance criticism of P&O Ferries after reports the Transport Secretary’s call for a boycott of the …
Business
Sky News
Tortoise Media lines up backers to deliver takeover of The Observer
One of the world’s most successful private equity chiefs is being lined up to help fund a takeover of The Observer, the world’s oldest Sunday newspaper.Sky News has learnt that Patrick Healy, the chief executive of Hellman & Friedman (H&F), a US-based buyout firm, is among the Tortoise Media shareholders who are in talks to …
Business
Sky News
Boeing to cut 17,000 jobs
Boeing will cut 17,000 jobs – 10% of its workforce – as the US plane maker deals with various issues across its business. Chief executive Kelly Ortberg told staff in an email on Friday that the cuts will include executives, managers and employees. He said the downsizing is necessary to “align with our financial reality” after …
Business
Evening Standard
Minister’s call for P&O Ferries boycott ‘not view of Government’, says Starmer
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Sir Keir Starmer has slapped down Transport Secretary Louise Haigh after her scathing criticism of P&O Ferries reportedly jeopardised a £1 billion …
Business
Sky News
P&O Ferries owner will attend UK investment summit despite scathing criticism from minister
The boss of the company that owns P&O Ferries will attend an investment summit in the UK despite the transport secretary’s scathing criticism, which included calls for a boycott of the shipping firm.Sky News understands Sultan Ahmed bin Sulayem, chief executive of Dubai-based DP World, will join the government’s Investment Summit on Monday. It comes …
Business
Evening Standard
FTSE climbs after UK economy returns to growth
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Global equity markets climbed higher at the end of the week as the FTSE was aided by the UK economy’s return to …
Business
Evening Standard
Eyes on signs of progress at Whitbread amid restructuring
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Investors will be hoping hotel and pub owner Whitbread can reveal strong progress in a trading update next week amid a recent …
Business
Evening Standard
52 UK-linked companies probed for breaching Russia oil sanctions
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The Treasury has investigated more than 50 UK-linked companies for breaching Russian oil sanctions, but is yet to hand out a single …

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