Morrisons’ messy and dramatic takeover battle: Where are we now? August 20, 2021 Morrisons agreed a £7bn offer late last night in the latest twist in the UK supermarket chain’s dramatic takeover battle. Shares jumped this morning after investors digested the new deal from US private equity firm Clayton, Dubilier & Rice (CD&R). It comes weeks after a rival bidder, a consortium led by private equity rival Fortress, [...]
Tesco AGM: Activists rally against greenwashing and unsustainable meat June 25, 2021 Activists flocked to Tesco’s annual general meeting this morning to protest greenwashing and meat that causes deforestation, holding giant letters which spelt the words ‘Forest Crime. The protestors ambushed delegates attending the supermarket giant’s annual general meeting (AGM), held at Tesco’s headquarters in Welwyn Garden City. The 10-metre wide ‘Forest Crime’ sign was accompanied by [...]
Ackman snaps up $1bn Netflix stake to go “all-in” on streaming January 27, 2022 Billionaire activist investor Bill Ackman has revealed he has built a stake in Netflix worth more than $1bn dollars, as the streaming giant battles a spiralling share price and investor exodus. Ackman announced on Twitter yesterday that his firm Pershing Square Capital Management started buying up Netflix shares on Friday and was now a top-20 [...]
FTSE 100 today: London markets primed to open higher as rate cut odds strengthen June 5, 2024 Asian markets surged on rate cut expectations, while Australia's Q1 growth slowed. Eyes on global services PMI releases and Computacenter.
Replay: Jeff Bezos launches to the edge of space on Blue Origin’s first passenger flight July 20, 2021 Jeff Bezos has launched aboard Blue Origin’s New Shepard rocket. The rocket’s first passenger flight has taken Bezos and three companions to the edge of space. The billionaire founder of Amazon and Blue Origin rode a New Shepard rocket up to the Kármán line – an imaginary boundary 100 kilometers above sea level, where many experts say space begins. There, he experienced weightlessness [...]
CES 2020: Amazon, Sony and Toyota put mobility centre stage at tech conference January 7, 2020 Amazon signalled a concerted push into the car industry at CES 2020, as it announced a partnership with Lamborghini and other firms working on driverless car tech. It signals the latest move into the mobility sector for one of Silicon Valley’s tech giants, as the internet retailer said it would add its voice assistant Alexa [...]
The Notebook: Victoria Scholar on a wave of bank results, Elon Musk, and a holiday read February 22, 2023 The Notebook is where interesting people say interesting things. Today it’s Victoria Scholar, head of investment at interactive investor, on bank results, Elon Musk and an unputdownable holiday read Bank on it? With UK banks currently reporting earnings, key themes so far have been rising interest rates, growing credit loss provisions, share buybacks, volatile financial [...]
UK seals deal to end Digital Services Tax and transition to global system October 21, 2021 The UK has agreed to scrap its Digital Services Tax on online giants like Amazon in a move that will stop Joe Biden slapping tariffs on British goods. An agreement was struck with the EU and US yesterday on how to transition from the Digital Services Tax to a new global system agreed by G20 [...]
“Very few” PCR tests left at London testing sites December 14, 2021 There are currently “very few available” PCR tests at testing sites in London, according to the government’s official website. Earlier today the government’s official booking website briefly showed there were no PCR tests available at any testing sites in England, according to reports. A screenshot of the official site, published by the BBC, showed a [...]
Amazon steps into Premier League broadcasting for the first time with big ambitions December 2, 2019 December is an important month for the future of the Premier League. On the pitch, the focus will be on whether Liverpool can sustain their charge at the top of the table, if Jose Mourinho can turn around Tottenham’s fortunes in the long term and which sides are sliding towards relegation. But off it eyes [...]