PwC announces separation of Russian firm in first Big Four exit March 6, 2022 Pricewaterhousecoopers (PwC) will no longer have a member firm in Russia, with the multinational due to announce its decision tomorrow to separate its Russian company from the rest of its global network in the wake of Putin’s invasion of Ukraine. The move by the Big Four giant will affect 3,700 partners and staff in Russia, [...]
LoopUp shares fall 35 per cent as return to the office scuppers stay at home stocks February 15, 2022 Lockdown darling LoopUp proved the return to the office was in full swing yesterday, after reporting a lacklustre trading update which sent shares plummeting by more than 35 per cent. Despite reporting a 60 per cent drop in revenue from 2020 levels, the conferencing software firm sought to reassure investors, saying the drop was “in [...]
Abrdn closes in on finalising £1.5bn Interactive Investor takeover December 2, 2021 Abrdn could today announce the £1.5bn takeover of DIY investment platform Interactive Investor (II). The deal, after weeks of exclusive negotiations, was in its final stages yesterday, reported Sky News’ Mark Kleinman, who also revealed last month that the two firms had begun talks. The acquisition of II – which, with 400,000 personal investing clients, [...]
Retirement gap: Women must save £185,000 more November 16, 2021 Young women need to save an extra £185,000 to reach the same retirement income as men, says a report published today. The annual Scottish Widows report found that while men currently in their 20s will have saved £350,000 by retirement, women will have only saved £250,000. Coupled with the fact that women on average live [...]
Lawsuit filed to block Penguin Random House’s $2.2bn takeover of Simon & Schuster November 2, 2021 Penguin Random House's takeover of Simon & Schuster, saying the deal would give Penguin too much control over the publishing market.
Cloud services push Microsoft results sky high October 26, 2021 Microsoft beat expectations in its fiscal first quarter results published last night, with revenue up 22 per cent. First quarter revenue at Microsoft reached $45.3bn (£32.9bn), a figure that surpassed the $43.9bn sum pencilled in by analysts. The tech giant’s winning results were largely attributed to the success of its cloud-based services, with revenue in [...]
Bowing out: The Queen will no longer attend Cop26 October 26, 2021 Buckingham Palace has announced that the Queen will no longer be attending Cop26, as she follows doctor’s advice to rest. Queen Elizabeth was due to be in Glasgow for the climate conference on Monday to host an evening reception for world leaders, however will “regretfully” no longer be able to attend. A statement issued by [...]
London lagging behind rest of Britain in hospitality sales October 18, 2021 Despite an overall booming September trade for Britain’s restaurants, pubs and bars, sales in the capital lagged behind, according to the latest Coffer CGA Business Tracker. Britain’s managed restaurants, pubs and bars had their second successive month of year-on-year sales increases, with total sales even up on pre-pandemic levels of September 2019 by eight per [...]
US miner Bens Creek seeks London float October 14, 2021 American coal miner Bens Creek has announced plans to float on the Alternative Investment Market (AIM) of the London Stock Exchange this month. The company – which owns a metallurgical coal mine, wash plant, and rail loading facility situated on a 10,000 acre plot that covers parts of West Virginia and Kentucky – plans to [...]
Mental health startup BetterUp trebles value to $4.7bn since hiring Prince Harry October 10, 2021 BetterUp, the mental health startup which hired Prince Harry earlier this year, has raised $300m from investors, trebling its valuation to $4.7bn (£3.5bn) in just eight months. The company’s recent funding round was led by Iconiq Capital – an investment fund who have managed Mark Zucherberg – Wellington Management and Lightspeed Venture Partners, The Sunday [...]
