Economists predict $500bn hit to global growth if trade war escalates March 12, 2018 Economists predict a trade war following the imposition of tariffs by US President Donald Trump could wipe billions of dollars off world output growth, with EU leaders today insisting they “will not be bullied”. US President Donald Trump last week decided to slap tariffs on foreign steel and aluminium, sparking fears that retaliation from other [...]
The Subaru WRX STI says goodbye in style with this farewell Final Edition March 12, 2018 As I write this piece, Snowmaggedon is causing chaos across the UK. Schools are closed, police are warning motorists to stay at home and bread is being sold for £50 a loaf on eBay. Unfortunately I won’t be enjoying a snow day, as Subaru has dropped off a WRX STI Final Edition and it’s my [...]
Goldman Sachs CEO succession looks clearer after senior executive retires March 12, 2018 The race to succeed Lloyd Blankfein as CEO of Goldman Sachs looks to have become a formality after one of the two frontrunners announced his impending retirement. The banking giant announced today that its co-president and co-chief operating officer Harvey Schwartz had decided to retire effective on 20 April. Read more: Goldman Sachs boss says [...]
Spotify direct listing on New York market to go ahead in April March 12, 2018 Spotify will go public on the New York Stock Exchange with a direct listing as early as next month, it has emerged. The music streaming service will hold an investor meeting later this week, ahead of a float which has now been scheduled for 2 April, Bloomberg reported. Its debut on the stock market will [...]
Prime Minister Theresa May: “Highly likely” Russia was behind double agent Sergei Skripal poisoning with Novichok nerve agent March 12, 2018 The Prime Minister has said it is “highly likely” the nerve agent used against former double agent Sergei Skripal and his daughter Yulia last weekend. Speaking just hours after chairing a second National Security Council meeting, Theresa May told MPs the pair had been “poisoned by military grade agent, of a type developed by Russia”. [...]
Dropbox float to value business at around $7bn March 12, 2018 Tech company Dropbox is set to be valued at $7bn (£5bn) at its initial public offering (IPO) next week, according to regulatory documents filed today. According to documents filed with the US Securities and Exchange Commission, Dropbox will sell shares at between $16 and $18, valuing the company at around $7bn. The valuation represents a [...]
Bitcoin exchange Binance offers $250,000 reward to catch hackers March 12, 2018 A bitcoin exchange has offered a $250,000 (£180,000) reward for information leading to the arrest of hackers who attacked its platform last week. Cryptocurrency exchange platform Binance announced the reward yesterday following the attempting hacking attack on 7th March which it described as a “large-scale, organised effort”. The exchange said that in addition to the [...]
GKN and Melrose shareholder Aviva Investors backs the new £8.1bn bid as GKN rejects final offer March 12, 2018 A shareholder in both Melrose and GKN today said it backed the turnaround specialist’s increased offer of £8.1bn for the engineering giant. Aviva Investors said this afternoon said it was in favour of Melrose’s GKN bid, as the tussle between the two firms took yet another turn. However, GKN has rejected the revised and final [...]
Melrose Industries has just announced a final offer for GKN (GKN) of £8.1bn sending share price higher March 12, 2018 Melrose confirmed this morning it has increased its offer for FTSE 100 giant GKN to £8.1bn. It said this will be a final offer of 467p per share and would mean GKN shareholders would own 60 per cent of Melrose – up from 57 per cent, and receive £1.4bn in cash. Shares in GKN were [...]
Blockchain is more than bitcoin – it has unlimited potential to transform society March 12, 2018 The popularity of crypto assets, such as bitcoin, in recent months has drawn attention to the technology that sits behind them – blockchain. Blockchain is a distributed ledger that records transactions between two parties in a verifiable and permanent way. Blockchain’s main advantage is that it’s decentralised, and therefore avoids the inflexibility and inefficiency of [...]