SoftBank subsidiary takes $2.33bn stake in The Hut Group May 10, 2021 SB Management, a wholly owned subsidiary of SoftBank Group, has partnered with The Hut Group, in a deal that will see it take a stake worth a total $2.33bn in the online retailer. The deal will see SBM will take a 19.9 per cent stake in THG’s Ingenuity business, a subsidiary business and tech [...]
City A.M. TV: Daily Market Snapshot (video) March 15, 2021 Markets globally pushed higher last week. In many instances the gains were pretty marked. The key US S&P500 index was up over 3 per cent on the week; the NASDAQ, which has been the centre of weakness in much of 2021, was up over 5 per cent; while the US mid-caps rallied aggressively (+7 per [...]
Why 2023 has been a year to forget for the London Stock Exchange and the capital’s equity markets September 2, 2023 Take-privates and secondary listings have damaged the reputation of the London Stock Exchange. How did we get here?
Balancing the books: Murdoch’s News Corp tables bid for Simon & Schuster November 17, 2020 Rupert Murdoch’s media empire is said to have tabled a bid for Simon & Schuster, the publishing giant behind best-selling authors including Stephen King and Dan Brown. Simon & Schuster was put up for sale by its owner, US media conglomerate Viacom CBS, following a strategic review in March. Murdoch’s News Corp has now entered [...]
Ebay and Adevinta sell British units to secure CMA approval March 2, 2021 Ebay and Adevinta have announced plans to divest three smaller British units, including Gumtree, in a bid to secure regulatory approval for their merger. The Competition and Markets Authority (CMA) last month said the two companies would have to resolve their concerns before proceeding with the $9.2bn tie-up. As a result the companies have set [...]
Christmas gift ideas: Watches to satisfy the horology nerds in your life December 10, 2021 Aston Martin x Girard-Perregaux Laureato Chronograph With seemingly hard-and-fast automotive hook-ups like Hublot x Ferrari and Breitling x Bentley suffering retirements from the race, you’d wonder who would venture gamely onto such a notoriously fickle scene. But the coming-together of Aston Martin and Girard-Perregaux feels like something that soars way clear of mere badge engineering [...]
Brexit friction should spark new ideas for retail exports January 23, 2021 Many retailers received a welcome boost during the Covid-19 crisis with a rise in online orders from international markets, but with exports to EU member states facing teething problems in the form of higher costs and processing delays, now’s the time for retailers to broaden their reach and tap into new markets further afield. Research [...]
Exclusive: Speedy Hire’s CEO on expanding into “untapped” consumer markets with B&Q deal November 17, 2021 Speedy Hire has recovered rapidly from the pandemic and is enjoying a healthy 28.2 per cent boost in revenues, lifting expectations for its full-year results. Its adjusted operating profit has grown to £16.2m, £9.9m higher than the first six months of Speedy Hire’s previous year. The FTSE-All Share listed tools and equipment rental specialist is [...]
Haydn Hammond – when bankers go crypto November 8, 2021 Crypto AM writer Jillian Godsil interviews banker-turned-crypto enthusiast Haydn Hammond.
London house prices stabilise as buyers take advantage of stamp duty holiday September 10, 2020 London’s housing market has stabilised with activity continuing to rise, as buyers take advantage of the stamp duty holiday. The August Rics residential survey found 28 per cent of respondents noted an increase in buyer interest across the capital. Buyer enquiries continued to rise while the number of new properties listed for sale also increased. [...]