FTSE 100 today: London markets set to open higher, mirroring Asian peers after Easter holiday April 2, 2024 Hong Kong leads Asian stocks higher as the yen holds steady below 152 amid intervention threats. Meanwhile, the likelihood of a June rate cut by the US Federal Reserve drops to around 60 per cent. Focus remains on speeches by several Fed officials and the upcoming US monthly jobs report.
Global IPO bonanza: Market listings raise record $346bn in 2021 so far November 5, 2021 The global IPO market is booming, according to new data from Refinitiv ahead of the likely listing of Amazon-backed EV maker Rivian next week. IPOs have raised more than $346bn so far this year, with technology the unsurprising star sector. All up, 1,793 initial public offerings have been recorded globally so far during 2021, two-thirds [...]
In Defence of Capitalism: Why Nokia and MySpace lost their monopolies April 6, 2023 Each week, Dr Rainer Zitelmann mythbusts the arguments against capitalism. This week, it’s the idea that capitalism creates monopolies – but looking at Nokia and MySpace amongst others suggests otherwise In an international survey on popular perceptions of capitalism, which I commissioned for the book In Defence of Capitalism, one of the main criticisms levelled [...]
Lamborghini Revuelto: hybrid supercar debuts with 1,015hp and EV mode April 5, 2023 Replacing the Aventador, the plug-in hybrid Revuelto is Lamborghini's new flagship supercar – with hypercar performance.
Absolute and KISS launch new subscription service as radio tries to keep up with the streamers May 27, 2022 With the huge explosion of music streaming, even radio is now trying to monetise on the brave new subscription service world.
Mark Kleinman on banks, Ocado and London’s IPO market June 29, 2023 Mark Kleinman is City editor at Sky News Politics could push ministers to punish banks This is a cost of living crisis, not a banking crisis: if I had a fiver for every time a senior bank executive had said that to me over the last 18 months, I’d never need another mortgage of my [...]
Asda rolls out one-hour home delivery service across 96 stores October 8, 2021 Asda said this morning it is planning to extend its one-hour express delivery service to 96 stores following a successful trial over the summer. The service gives customers access to Asda’s full online range of more than 30,000 grocery products for delivery within the hour if they live within a three-mile radius of a store [...]
Can we ever break the iPhone monopoly? March 31, 2023 Apple's services generate more revenue than Nike and McDonald's combined.
Tech giants set to slash UK tax bill after G7 agreement June 8, 2021 American tech giants are set to have their UK tax bills slashed under a new global agreement signed by the G7, a think tank has warned. The global minimum corporation tax, agreed by finance ministers in London over the weekend, is aimed at cracking down on tax avoidance by companies such as Amazon, Facebook and [...]
Big tech rule book could be agreed as soon as April as EU clamps down on Google and Apple February 15, 2022 Landmark EU rules aimed at curbing the power of tech giants could be agreed between lawmakers and EU countries as soon as April. Although the rules have faced some obstacles, lawmaker Andreas Schwab told Reuters that he is optimistic that an agreement could be reached in record time for a key piece of legislation. Known [...]