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Top related persons:
Corinne Martin - 1 Ofi's Martin - 1 Martin - 1 Goldman Sachs - 1 Jerome Schupp - 1 Schupp - 1 Cristina Matti - 1 Andrea Scauri - 1
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Search resuls for: "Lastminute"


6 mentions found


☆ Investors still see blue sky ahead for Europe travel stocks as boom abates
  + stars: | 2023-07-31 | by ( Danilo Masoni | ) www.reuters.com   time to read: +4 min
"For many people, the pandemic is now over, and this is time now for travelling far from home," said Corinne Martin, fund manager at Ofi Invest in Paris. The point at which China announced the end of health restrictions in 2022 was probably the best moment to jump into travel stocks. They remain buyers, noting how at 11 times 2024 earnings, the stock displays an unjustified discount and prices no growth. "Now, vacation budget is no more a variable families adjust," said Jerome Schupp, fund manager at Prime Partners in Geneva. European travel and leisure earnings are seen rising 63% this year and 23% in 2024, according to Refinitiv Datastream.
Persons: Corinne Martin, Ofi's Martin, Martin, Goldman Sachs, Jerome Schupp, Schupp, Cristina Matti, Andrea Scauri, Lastminute, Refinitiv, Lucy Raitano, Conor Humphries Organizations: MILAN, Ofi Invest, Paris . Airlines, Royce, World Tourism Organization, China, Traders, Paris Olympics, UEFA European Football, Ryanair, Europe's, Prime Partners, Visa, Air, Thomson Locations: Paris, Europe, Germany, Geneva, Air France, Lemanik, London
☆ 'A huge relief': Startups react to Silicon Valley Bank UK's HSBC rescue deal
  + stars: | 2023-03-13 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
An entrance to the Alphabeta Building, which houses the offices of UK unit of Silicon Valley Bank, in the City of London, UK, on Monday, March 13, 2023. LONDON — U.K. startups are breathing a sigh of relief Monday, after HSBC announced it would buy a subsidiary of collapsed U.S. tech startup lender Silicon Valley Bank. "I think I speak on behalf of U.K. start-ups when we say this is a huge relief," he said. "SVB UK has a decent balance sheet which enabled HSBC to do this deal," he told CNBC by phone. SVB UK reported profit before tax of £88 million for 2022.
☆ BLOODBATH AVERTED: Inside the wild weekend that ended in Silicon Valley Bank UK selling for just $1
  + stars: | 2023-03-13 | by ( Callum Burroughs | Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com   time to read: +8 min
The sale means UK startups and investors will be able to access their money. Like its US parent, SVB UK mostly served tech startups and their investors. Insider understands from a person close to SVB UK that there is some internal frustration at the bank run. The feeling is that SVB UK was sold off simply because of groupthink. That evening, it looked feasible that the government would allow SVB UK to collapse.
☆ Climate and social impact startup OnHand just raised $4 million for its gamified employee app. Check out the 20-slide pitch deck used to secure the cash.
  + stars: | 2023-01-26 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +3 min
OnHand, a B2B environmental and social impact platform, has just landed $4 million. Check out the 20-slide pitch deck OnHand used to convince investors to back it. A platform that encourages employees cut their environmental footprint and volunteer in the community has just raised $4 million from London venture capital firm 24Haymarket. The Newcastle, UK, company started in the charity space as a location-based, on-demand and consumer-focused volunteering app before pivoting to employee sustainability. As well as calculating emissions reductions for employees, OnHand still offers on-demand charity work.
☆ I created a unicorn, but I had to fight to keep my job
  + stars: | 2022-12-02 | by ( Tania Bryer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI created a unicorn, but I had to fight to keep my jobBrent Hoberman co-founded Lastminute.com, but when things got tough early on, he had to fight to keep his job. Here, for the first time, he recounts how the company's chairman tried to fire him.
☆ Lastminute.com execs have detention extended as probe continues
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +1 min
ZURICH, Oct 24 (Reuters) - The chief executive and chief operating officer of Lastminute.com , subjects of a criminal investigation into the possible abuse of state aid for firms hit by pandemic lockdowns, have had their period in investigative custody extended up to Nov. 29, the online travel company said on Monday. Both Chief Executive Fabio Cannavale and Chief Operating Officer Andrea Bertoli were suspended from the company for three months on July 25, after the probe was launched by prosecutors in the southern Swiss canton of Ticino. The probe is also trying to identify whether there have been any irregularities concerning short-time work allowances to certain Swiss subsidiaries related to the COVID-19 pandemic. Register now for FREE unlimited access to Reuters.com Register"This investigation involves current and former employees of such subsidiaries as well as some current and former members of various boards of directors," Lastminute.com said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by John Revill; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
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