An 18th Century Chinese vase , left for decades in a shoebox in France, has been sold for €16.2m (£14.2m) at a Sotheby’s auction in Paris on Tuesday and sold for more than 20 times its estimated guide price -€500, 000 to €700, 000. It’s the highest price ever reached for a single item sold…
Poundworld’s founder has said he is considering buying back some of the discount retailer’s stores after it fell into administration. on Monday with 5, 100 job losses. Christopher Edwards, 67 who started out running a market stall in Wakefield founded the firm in 1974, and sold the business in 2015 for £150m to TPG Capital…
Agro, the Canadian firm, won approval to go public from the UK Listing Authority two weeks ago, wants to “ democratise” the crypto-mining process by which new virtual coins are created by renting out its specialist computing capacity for a monthly fee. The listing could be controversial as crypto-currencies have been linked to organised crime…
Rolls-Royce, the Engineering firm is to cut 4, 600 jobs over the next year as part of a major restructuring. Middle managers and back-office staff are to bear most of the cuts, which are expecting 1, 500 by the end of this year, continue throughout 2019 and the full implementation of 3, 100 job cuts…
Nirav Modi, the Indian Jeweller accused of an alleged |$2bn bank fraud in India, has fled to the UK where he is claiming political asylum, according to officials in both countries. Indian police have been trying to arrest him since February 2018, when news broke of the alleged fraud at Punjab National Bank. So far…
Asian Billionaire Robert Kuok offers insights into doing business in Indonesia. In 1950s Robert Kuok, then a young rice trader, was among a small group of Malaysian-Chinese businessmen gathered at Singapore’s airport to welcome Chin Sophonpanich, patriarch of Bangkok Bank. When Kuok needed capital he approached HSBC in 1949 for a $100, 000 letter of…
Designer Kate Valentine (55) known for Kate Spade fashion line, was found dead in her Manhattan apartment on 6th Jun 2018. Ms Spade, known for her sleek, Whimsical designs with a strong eye for shape and bright colours, created a global popular brand, which now has more than 500 stores around the world. The…
Oxford BioMedica in a £738.88m deal with Axovant which specialises in treatment for neurological diseases is a subsidiary of Roivant Sciences. Oxford BioMedica, one of Britain’s oldest biotech companies, has sealed an $842.5m ( £738.88m) deal with Axovant Sciences of the US to commercialise its gene therapy for Parkinson’s disease. New of the worldwide deal…
British department store group House of Fraser with 57 stores and 2 outlets across the United Kingdom and Ireland is to shut 31 stores as part of a rescue deal, impacting 6, 000 jobs of which 2000 it employs directly and the rest brand and concession partner staff. The stores earmarked for closure are Altrincham,…
Emirates Airline’s newest Boeing 777-300ER, has unveiled a new first class suite on board with virtual windows., using fibre-optic cameras and paves way for window less future planes making them lighter, faster and more efficient. Emirates President Sir Tim Clark said the images were “so good, it’s better than with the natural eye”.