Europe
Headlines
Relegation ‘won’t stop Everton stadium’
When the final whistle sounded at Goodison Park On Saturday, April 9, the cheers from the stands could almost be heard a few miles down the road at Aintree where the Grand National meeting was taking place. Those cheers were followed by a collective sigh of relief as the 1-0 victory over Manchester United secured Everton three precious points in their...
07 OUT DARK SKY® ALQUEVA In the top 100 of 2020 Sustainable Destinations
07 OUT DARK SKY® ALQUEVA IN THE TOP 100 OF 2020 SUSTAINABLE DESTINATIONS In 2020, Dark Sky® Alqueva reaches the Top 100 of Sustainable Destinations in an atypical year where rural destinations reached and conquered an important space in tourist demand. People began to feel the need for space, to have fewer people...
Augusta raises additional $115m for litigation and dispute funding
Investment in response to growing demand from lawyers Augusta, the UK’s largest litigation and disputes funder by case volume announces it has raised a further US $115m from a multi-billion-dollar US-based investment manager. In 2018, Augusta secured £150m from a global investment fund, to finance business growth and investment in funding cases....
An affiliate of Sun European Partners announces that it has completed the sale of Famosa
Sun European Partners, LLP (“Sun European Partners” or “Sun”) today announces that one of its affiliates has completed the sale of Fábricas Agrupadas de Muñecas de Onil, S.A. (“Famosa” or “the Company”), a leading designer, developer, manufacturer and distributer of toys in Spain and throughout the world, to Giochi Preziosi S.p.A.. Famosa,...
Huge Tax Changes for Self-Employed Following Publication of New Legislation
On 11 July 2019, the Government published draft legislation outlining the IR35 changes coming to the private sector, which are expected to affect 250,000 businesses. The reform will impact users and suppliers of personal service company contractors in the private sector. Companies have only nine months to plan for the new off-payroll changes, as they...
Finance
The world's richest are richer than before the crisis
An annual wealth report shows the soaring wealth of ultra-high net worth individualsRead More
Official: MF Global admitted using client money
Bankruptcy might be just the beginning of troubles for Jon Corzine's securities firmRead More
Asian stocks down on Europe debt plan doubts
Greece plans to hold referendum on debt deal, casting doubt on future of planRead More
Why Bernanke's worried about Europe's debt
How the EU crisis could lead to another giant Wall Street bailoutRead More
Why we're not Greece
The lesson from Europe: Depressions breed extreme politics. Good thing Obama pushed through that stimulus, huh? Read More
Legal
Deals
UK watchdog to investigate Facebook takeover of Giphy
CMA concerned acquisition could lessen competition for creation of gifs popular on social mediaThe UK’s competition regulator is launching an in-depth investigation of Facebook’s $400m (£290m) acquisition of the gif creation website Giphy over fears that it could lead to a squeeze on the supply of gifs to other social networks such as Snapchat,...
Financiers behind NSO Group in struggle for control of private equity firm
Rift at Novalpina Capital, whose fund owns surveillance equipment firm, has been largely concealed from public viewThe company had been the focus of scrutiny for years – a seller of controversial surveillance equipment coveted by governments across the world. So when three financiers behind a private equity fund led the acquisition of NSO Group in...
UK watchdog investigates Penguin owner's Simon & Schuster takeover
CMA says it is considering whether Penguin Random House’s $2bn deal would lessen competitionThe UK competition watchdog has launched an investigation into Penguin Random House’s (PRH) $2bn (£1.45bn) takeover of rival book publisher Simon & Schuster.The Competition and Markets Authority said on Monday it was considering whether the deal, which...
Jay-Z sells majority stake in Tidal music streaming service to Jack Dorsey's Square
$297m deal hands control to Twitter co-founder, with Beyoncé, Madonna, Rihanna and other Tidal co-owners retaining stakesSquare, the mobile payments firm run by Jack Dorsey, Twitter co-founder, has acquired a majority stake in Jay-Z’s Tidal audio and video music streaming service in a $297m deal.Under the terms of the deal, Tidal’s superstar co-owners,...
Daily Mail owner buys New Scientist magazine in £70m deal
The 65-year-old title is forecast to make £7m in profits this yearThe publisher of the Daily Mail has acquired the renowned weekly science and technology magazine New Scientist in a £70m cash deal – the latest round of consolidation in the publishing sector.The 65-year old title, which is owned by a group of individual investors led by Sir Bernard...