Russian opposition leader Alexei Navalny urges Italy to seize Putin’s £500m superyacht March 22, 2022 Russia’s jailed opposition leader’s team has urged Italy to seize a £500m superyacht reportedly owned by Vladimir Putin. Alexei Navalny’s anti-corruption unit called on the country to take the vessel, called Scheherazade, which according to the Telegraph is staffed by the Russian Federal Security Service (FSO). Dubbed the world’s most expensive yacht, its owner has [...]
Canada ranked number one for planning application approvals nationally March 22, 2022 Canada has topped the charts for approved planning applications in the country with almost 99 per cent. Research based on eight years of data from the government’s housing ministry looked at hundreds of districts across the UK, with the heart of the capital emerging as the best place to do up your [...]
Cyber security firm Kape has soaring revenue and profits after high-profile acquisitions March 22, 2022 Leading cyber security firm Kape reported a near 90 per cent increase in revenue following a series of high-profile acquisitions this year. The company announced its final results for 2021 on Tuesday, reporting it brought in $230m (£175m), an increase from $122m (£92m) the previous year. This comes after it completed the acquisition of online [...]
Oxford Nanopore Technology has spike in revenue but losses up more than £100m March 22, 2022 A UK-based technology research firm has had spike in revenue by £30m, but an almost £100m loss from 2020. Oxford Nanopore Technologies, which develops state-of-the-art technology to analyse individual molecules, increased its intake to £134m in 2021, up from £114m. The company’s gross profit was up from 41 per cent to almost 55 per cent, [...]
YouGov hits ‘record performance’ as demand for data remains strong March 22, 2022 Shares in YouGov climbed nearly eight per cent this afternoon after the London headquartered market research giant reported a “record performance”. Whilst organic revenue was up 25 per cent to £101.2m the firm made significant strides with its acquisition of Swiss LINK Marketing Services AG, data products and research service offerings. Data products revenue increased by [...]
A football regulator would ignore the pleas of fans and favour finance over emotion March 22, 2022 Is English football in crisis? Is the game at the edge of a precipice? That’s the view of the report of the Fan Led Review of Football Governance, published last November. The proposed solution is a new regulator with wide ranging powers to license and regulate football clubs in the top tiers of the game. [...]
Exclusive: Why venture capital terms sheets can be fatal for any scaleup March 22, 2022 The moment an entrepreneur gets that email from a prospective VC with a term sheet – when a business moves into the next growth stage – excitement kicks in. However, many founders make one crucial mistake, namely not to interrogate their terms sheet in a lot more detail than they were expecting to. For many [...]
When Musk met OneWeb: UK satellite firm teams up with SpaceX March 21, 2022 Taxpayer backed OneWeb has announced it will be teaming up Elon Musk's SpaceX to move forward with satellite launches.
Gambling sector warns against ‘naive changes’ in long-awaited white paper March 21, 2022 The gambling industry has vowed to back the Chancellor’s economic recovery plan so long as the long-awaited white paper does not bring “well-meaning but naive changes”. Chief of the Betting and Gaming Council (BGC) Michael Dughe warned that whilst bookies were ready to help Rishi Sunak recover the public finances after the pandemic, he said [...]
Bitcoin holds on to last week’s gains after strongest weekly performance in a month March 21, 2022 Bitcoin is currently trading about $41,000, down almost two per cent over the past 24 hours but still up five per cent since this time last week.