Dating app Bumble boosts size of its IPO offering February 8, 2021 Bumble has boosted the size of its IPO by nearly $2bn bringing its valuation to more than $7bn when it goes public. The dating app, which competes with rivals such as Tinder and Hinge, announced it was looking to raise as much as $1.8bn in its stock market debut. It plans to boost its share [...]
Exclusive: Capital raising startup HUBX completes $5.5m fundraising February 8, 2021 Private capital raising platform HUBX has completed a $5.5m (£4.2m) fundraising round after a surge in demand during the pandemic. Founded in 2015 the London-based B2B platform claims to democratise capital raising by using automation and data to help organisations execute its transactions faster. The platform works with startups as well as more established sell-side [...]
Cornish Metals raises £8m as Poldark spirit takes hold of investors February 8, 2021 A Canadian mining firm aiming to restore Cornwall’s fortunes as a mining hotspot has beaten expectations with a £8m raise this morning. Cornish Metals, which is due to list on London’s AIM market in the coming weeks, had hoped to raise £5m through a placing. However, investors piled into the project, which is seeking to [...]
Slow vaccine rollouts cause eurozone investor morale to slip February 8, 2021 Investor morale in the eurozone unexpectedly dropped in February as lockdowns left their mark on the economy, a survey showed on Monday. Attempts to suppress Covid-19 left the eurozone trailing behind other regions in the world, as countries such as the USA showed a strong recovery. Sentix, who surveyed more than 1,250 investors, said that [...]
Brent hits $60 as supply cuts and stimulus hopes boost prices February 8, 2021 Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures that can boost demand. Brent was up 1.2 per cent, at $60.05 a barrel, and US standardWest Texas Intermediate rose [...]
Police seize €50m of bitcoin, but fraudster won’t give them the password February 5, 2021 German prosecutors have confiscated more than €50m (£43.8m) worth of bitcoin from a fraudster. There's only one problem: they can't unlock the money because he won't give them the password.
Wall Street opens at record high on stimulus progress February 5, 2021 The S&P 500 and the Nasdaq opened at record highs on today on signs of progress towards more economic stimulus, while a closely watched jobs report confirmed the labor market was stabilising. The Dow Jones Industrial Average rose 38 points, or 0.12 per cent, at the open to 31093.81. The S&P 500 rose 6.6 points, [...]
Wall Street rises on stimulus talks as FTSE 100 closes flat February 4, 2021 Wall Street pushed higher this afternoon as investors looked to corporate earnings and signs of progress on more pandemic stimulus. The Dow Jones was up 0.91 per cent, while the S&P 500 and Nasdaq rose 0.86 and 0.88 per cent respectively. It came after the FTSE 100 closed four points lower this afternoon as sterling [...]
Sterling jumps following BoE’s decision to hold interest rates February 4, 2021 The pound rebounded this afternoon as the Bank of England announced it would leave interest rates unchanged. The currency saw its biggest fall in three weeks this morning as traders nervously waited to see whether the BoE would formally endorse negative interest rates. The Prudential Regulation Authority’s analysis found the UK would need six months [...]
Shell posts $21bn loss as coronavirus sends oil industry plunging into the red February 4, 2021 Shell this morning posted a $21.6bn (£15.9bn) full year loss as the full costs of the coronavirus were laid bare. The loss marked a massive swing to the red for the oil giant, which made a $15bn profit in 2019. However, speaking to reporters this morning chief executive Ben van Beurden promised a “much more [...]