Fresh from William Hill rejection, online gamer 888 reports soaring revenue and profits August 31, 2016 Online gaming giant 888 Holdings has ruled out a merger with rival Rank Group for the foreseeable future. The company's share price rose today after it announced double-digit profit growth. The figures Revenue came in at $262m (£200m), up 19 per cent in the first half of 2016, with strong performances in the casino and sports [...]
Bingo: Stride Gaming has full house after £70m takeover of Tarco Assets and 8ball August 31, 2016 Stride Gaming has become the fourth largest bingo operator in the UK market after completing the £70.2m acquisition of two smaller gaming groups. The Aim-listed group has a full house after the takeover of Tarco Assets and Netboost Media, and 8ball Games Limited, which was first announced in late July. The move has increased Stride's market [...]
These are the Night Tube stations with the highest rental yields August 30, 2016 The Night Tube – which finally arrived earlier this month – will drive up property prices in London's outer areas, according to estate agent Portico. Zones 3, 4, and 5, are expected to do well from the all night underground service, with the highest rental yields on the network are concentrated in the outer zones. Rental yield is calculated as [...]
British American Tobacco and Philip Morris International face South Korea probe over alleged tax evasion August 30, 2016 Big Four cigarette makers British American Tobacco (BAT) and Philip Morris International (PMI) are being investigated by South Korea’s tax authority over alleged tax evasion. South Korea’s National Tax Service has launched the probe over claims the tobacco firms evaded taxes on profits from a tobacco price hike last year, reported the Korea Times. The [...]
American Express Global Business Travel snaps up corporate trip itinerary and expenses software provider KDS August 30, 2016 American Express Global Business Travel (GBT) has snapped up Paris-based travel tech company KDS. GBT said the acquisition, which it expects to close in the fourth quarter of this year, reflects its intensified focus on digital business traveller tools over the past two years. KDS' main product, Neo, is a web, tablet and smartphone service [...]
Shell divests $425m in cluster of Gulf of Mexico assets August 30, 2016 Royal Dutch Shell has divested $425m (£324m) plus royalty interests in a cluster of its Gulf of Mexico-based assets. The four blocks sold by the oil giant produce approximately 25,000 barrels of oil equivalent (boe) per day. This is equivalent to 10 per cent of its deepwater production in the region and four per cent of its global [...]
BHP Billiton chief Andrew Mackenzie has bonus axed after Samarco iron ore mine disaster and record profit loss August 30, 2016 BHP Billiton's chief executive will have his bonus scrapped this year following a fatal dam collapse at a Brazilian mine last November and the ongoing decline in global commodity markets. Andrew Mackenzie, who has been at the helm of the mining giant since 2013, will receive no bonus on top of his $1.7m (£1.3m) base salary [...]
Now the Bank of Mum and Dad will consider lending to other people’s children August 30, 2016 If millennials are not able to access the so-called Bank of Mum and Dad, they might find solace in the Bank of Other People’s Mums and Dads. Over a quarter (27 per cent) of parents and grandparents in the UK would consider funding other people’s children in their home ownership ambitions – in exchange for a [...]
Britons shunned bank holiday shopping to splurge on leisure spending August 29, 2016 Britons shunned shopping on Saturday and Sunday as the number of people visiting high streets, shopping centres and retail parks fell 4.1 per cent compared with last year's August bank holiday. Analysts at retail research firm Springboard, which published the figures today, had predicted a 6.5 per cent year-on-year increase in total footfall. However, the overall [...]
Experts welcome second investigation into London’s super sewer August 29, 2016 London is in desperate need of new sewage capacity, according to experts, who welcomed a second investigation into the Thames Tideway “super sewer” on transparency grounds. The National Audit Office (NAO) has said it will publish a second study into the £4.2bn infrastructure project in the autumn, when construction on the 25km Thames Tideway Tunnel [...]
