Stocks and sandals: Birkenstock targets over $9bn valuation in US IPO October 2, 2023 Birkenstock said today that it is seeking a valuation of up to $9.2bn in its highly anticipated US initial public offering.
Diageo: Guinness maker looks to put fizz back in its share price January 27, 2024 All eyes will turn to Guinness maker Diageo on Tuesday, as the firm provides investors with an update on trading in the first half of the year.
Elon Musk is no longer the world’s richest man, but who are Britain’s biggest billionaires? April 7, 2023 Elon Musk is no longer the world’s richest person according to the Forbes World’s Billionaires List 2023. The declining value of Tesla shares and his expensive acquisition of Twitter have let Bernard Arnault, head of luxury conglomerate LVMH, take his place. Arnault is the first ever Frenchman to be the world’s richest person. It was [...]
LVMH explores impact of coronavirus on Tiffany deal terms June 4, 2020 Louis Vuitton owner LVMH has moved to dispel speculation that its acquisition of jewellery brand Tiffany & Co is on the brink of collapse, but confirmed that it has discussed the impact of coronavirus on the deal. LVMH agreed to buy Tiffany last year for $16.2bn. However, LVMH has reportedly been planning to try and [...]
Diageo shares crash 15 per cent after it lowers forecasts amid Caribbean storms November 10, 2023 Diageo said it expects a slowdown in net sales growth in the first half of 2024, thanks to a performance downturn in Latin America and the Caribbean (LAC).
How do you value a football club? Why luxury brands may hold the secret April 3, 2023 It is a question playing on the minds of Sir Jim Ratcliffe, Sheikh Jassim Bin Hamad Al Thani and Manchester United’s other suitors. The Glazers have already come up with their own answer, while Todd Boehly and Clearlake Capital had to grapple with it before buying Chelsea last year. How exactly do you value a [...]
Saudi-owned Champions League, obesity crisis and EU wealth tax: Danish bank’s ‘outrageous’ 2024 predictions December 5, 2023 Saxo Bank has published the latest in an annual series of "outrageous predictions" for next year, including a global Champions League owned by Saudi Arabia, a health crisis triggered by obesity drugs and a two per cent EU wealth tax.
Diageo: Guinness maker shares hit lowest level in four years amid China trade row January 5, 2024 Shares at Diageo are now trading at their lowest level since November 2020, in the face of weakening sales and trouble with Chinese trade.
UK and European firms top gloomy profit predictions to start the year – but a crunch could be coming June 6, 2023 UK and European firms shrugged off recession fears and posted fatter profit margins than investors feared in the first three months of the year, analysts at investment giant Blackrock said today.
Building Blocks: Smart contracts – the groundbreaking feature of blockchain technology July 1, 2024 Blockchain’s ability to deploy “smart contracts” represents one of its most revolutionary aspects.