200-year-old, WH Smith, a UK high street intrepid known for its stationery and books, intends to double its international business and strengthen its presence in the lucrative US airport shopping market with a deal to buy Las Vegas-based Marshall Retail Group for $400m. The transaction would double the size of WH Smith’s international travel business.…
Thomas Cook’s CEO Peter Frankhauser tells MPs that government refused to support rescue plan led the178-year-old travel company’s collapse. He had spoken to ministers in the government of Bulgaria, Spain, Greece and Turkey in Thomas Cook’s final week – but not the UK as the company tried to piece together a rescue plan. A committee…
Three Hundred thousand customers of Hargreaves Lansdown were caught in the collapse of Woodford Investment management. The Uk’s biggest online funds supermarket had championed Neil Woodford, who on Tuesday announced that he was closing his company after being fired from his own flagship fund. Hargreaves promoted Woodford fund on its best- buy list and attracted…
The world’s biggest fund manager BlackRock has achieved a record profit margin, as new clients and lower costs boosted its assets, which attracted $84bn inflows in the third-quarter, with half going to its iShare business, an ideal passive investment vehicle where Exchange-Traded Funds are engineered to meet your investment goals. Its active equity funding attracted…
US private equity, Thomas Bravo has acquired Sophos, a UK cyber security company for £.308m ($3.9bn). Sophos, the FTSE 250 company based in Abingdon near Oxford employs 3, 400 people, specialising in antivirus and encryption produts, based in England, which mainly serves small and medium-sized businesses, is the latest UK company to be acquired by…
On 14th October 2019, Indian singer Dr K J Yesudas was honoured at Houses of Parliament attended by Justice minister Philip MP and Martyn Day MP, Councillor Manu Shahul-Hameed organised by The UK Event Life. Celebrating 50+ years of glorious music the iconic Indian singer Dr KJ Yesudas, performing a multilingual musical feast in Malayalam,…
Dyson pulls the plug on electric cars. The billionaire businessman had hoped to harness his group’s expertise in battery systems, aerodynamics and high-tech manufacturing to break into a fiercely competitive industry. Weekly meetings of the auto team run by former BMW and Nissan executive Roland Krueger, who joined Dyson in January 2019, reviewed the outlook…
John Goodenough of the University of Texas in Austin, who is still active in research to lead the development of rechargeable Lithium-ion batteries that power everything mobile phones to laptops and even electric vehicles, at the age of 97. John Goodenough was the oldest laureate in any discipline in the 118-year history of Nobel Prizes,…
Thomas Cook’ 555 shops have been bought by Hayes Travel, the UK’s largest independent travel agent to save 2, 500 jobs. It has already recruited 600 of he collapsed travel group’s former employees and said it had “ further offers outstanding” to others. The deal signed late on Tuesday night, was funded without debt and…