metro-bank-raises-375m-in-new-funds-to-bolster-finances

Metro Bank raises £375m in new funds to bolster finances

Image caption Metro Bank chair Vernon Hill, pictured with dog Duffy, founded the bank in 2010 Metro Bank has raised £375m from shareholders to bolster its finances, in a bid to ease fears over its future.The bank said it had exceeded its initial target of £350m, thanks to strong demand from existing and new shareholders.The…
british-steel-in-talks-with-government-to-avert-collapse

British Steel in talks with government to avert collapse

Image copyright British Steel Talks to avert the collapse of British Steel will resume later on Friday after the firm secured funds to stay afloat until the end of May.Sources close to owners Greybull Capital say its future will be discussed at "ministerial level". British Steel has admitted it needs further financial support from the…
us-supercomputer-maker-cray-inc-bought-in-1bn-deal

US supercomputer maker Cray Inc bought in £1bn deal

Image copyright Getty Images Image caption A Cray supercomputer is used by the Met Office for weather forecasting. Hewlett Packard Enterprise (HPE) has bought Cray Inc, maker of some of the fastest supercomputers in the world.Cray Inc's machines are capable of processing trillions of calculations per second and have been used by the UK's Met…
thomas-cook-shares-039worthless039-says-citigroup

Thomas Cook shares 'worthless', says Citigroup

Image copyright AFP Shares in Thomas Cook have plunged 30% after analysts at a bank said the travel firm's shares were "worthless". Thomas Cook's tour operations and airline are worth £738m, but its debt is around the same "and implies zero equity value", according to Citigroup.Citigroup's damning conclusion comes a day after Thomas Cook issued…
amazon-invests-in-deliveroo-food-courier

Amazon invests in Deliveroo food courier

Image copyright Getty Images Online giant Amazon has announced a big investment in food courier Deliveroo.The exact figure was not given, but Amazon is the biggest investor in Deliveroo's latest round of fund raising, which in total raised $575m (£450m).Deliveroo said it would use the money for international expansion, improving its service and to grow…
how-the-humble-brick-built-the-world

How the humble brick built the world

Image copyright Getty Images Image caption Rome's Colosseum is made of various materials including limestone, concrete and brick "I found Rome a city of bricks and left it a city of marble," the first Roman Emperor, Caesar Augustus, is said to have boasted 2,000 years ago. If he did, he was exaggerating. As UCLA's Prof…