Exclusive: Why the post-Covid investment space is ripe for a wave of retail IPOs June 4, 2021 With over 450 IPOs already listed this year, including the likes of Moonpig and Dr Martens, the post-Covid market seems ripe for fresh floats. Large retail companies are no exception and will be part of the recovery conversation. “ In fact, market interest in retail is steadily returning following a slow recovery after the pandemic, which has [...]
It’ll take more than money to fix Britain’s social care system June 4, 2021 It’s almost clichéd to say that the elderly care sector is in crisis. But it’s true: a quarter of UK home care providers face bankruptcy and it’s estimated that English local authorities will face a £4.4bn funding gap by 2023. Why is this happening? The obvious answer is lack of money. Social care has been [...]
EP: 62 Cazoo Derby Day at Epsom June 4, 2021 The City A.M. Punter Podcast ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade with a primary focus on horseracing. Throughout the season ‘The Punter’ will preview the weekend’s action every Friday along with in-depth coverage of all the major racing festivals. In a partnership with the Hong Kong Jockey [...]
Foreigners’ flight from Hong Kong means Britain must step up even more June 4, 2021 Earlier this month, a survey by The American Chamber of Commerce in Hong Kong found that 42 per cent of foreigners were planning or considering leaving the city, with more than half citing fears over the draconian national security law imposed by China last year. However on Tuesday, Hong Kong leader Carrie Lam brushed aside [...]
Major design flaws in Army’s £5.5bn armoured vehicles make delivery ‘unachievable’ June 3, 2021 A leaked government report on the Army’s Ajax Armoured Vehicle Programme identified major design flaws in vehicles. It says delivering the programme on time and to budget is “unachievable”. Problems identified by the Infrastructure and Projects Authority in the report include excessive vibrations and noise. Trials of vehicles were previously paused for four months following [...]
Twitter’s first-ever subscription service goes live June 3, 2021 Twitter today rolled out Twitter Blue, its first subscription service, in Australia and Canada. Users will pay either $3.49 CAD or $4.49 AUD depending on location for access to new features. The service includes features such as a reader mode, the ability to “undo” or edit sent tweets for 30 seconds before they are published, [...]
AMC shares drop over 35 per cent after stock sale announcement June 3, 2021 AMC shares plummeted by over 35% today, prompting the NYSE to briefly halt the stock shortly after open. Shares in AMC turned negative premarket as AMC filed to sell 11.5m in shares. In an SEC filling, the company said: “In accordance with the terms of the Distribution Agreement, we may, through our sales agents, offer [...]
How to make the ultimate working from home salad June 3, 2021 We asked Eleanor Warder, co-founder of healthy restaurant Atis, to talk us through her dream Working From Home lunch. Here’s what you need to make the Atis Azteca salad bowl: Chopped romaine Baby spinach Black beans Sweetcorn Avocado Feta Baked chipotle tortilla chips Pickled red onion Lime coriander dressing For my healthy lunch recommendation I’m [...]
Digital healthcare giant Babylon enters into $4.2bn SPAC deal June 3, 2021 Babylon, a digital-first healthcare company founded in 2013, today entered into a definitive merger agreement with SPAC Alkuri Global that will see the combined company trade on Nasdaq. The transaction, expected to close in the second half of 2021, reflects an initial pro forma equity value of $4.2bn and an enterprise value of $3.6bn. This [...]
These are the 30 hottest black-led companies according to Google’s startup team June 3, 2021 With less than 0.25 per cent of VC funding going to black-led startups there is a serious disparity in the startup ecosystem. Just 38 black founders received VC funding in the past year despite there being a surge in activity during the pandemic. Now Google wants to try and plug that gap by investing $2m [...]