KKR swoops on London-listed ContourGlobal in £1.75bn deal Private equity Investment giant KKR has agreed a deal to snap up London-listed power generation firm ContourGlobal for £1.75bn as it looks to bolster its renewable energy portfolio, the firms announced today.
Murria launches fresh bid for M&C Saatchi Saatchi takeover The investment vehicle spearheaded by tech tycoon Vin Murria has launched a fresh takeover bid for M&C Saatchi today which values the advertising giant at £253.6m.
Exclusive: European tech lending surges as startups look beyond equity rounds Debt boom European tech lending boomed to $14.77bn last year as startups looked beyond equity finance to fuel growth, a new report has found.
Storegga closes £51.3m funding round as foreign cash pours into UK renewables May 16, 2022 UK carbon capture firm Storegga announced a £51.3m funding boost from a host of international backers today, as foreign capital continues to pour into UK ‘cleantech’ and renewable energy firms.
Israeli transport tech firm gears up for London growth with $100m funding injection May 16, 2022 An Israeli transport tech firm is poised for a growth push in London after unveiling a $100m funding injection today, taking its valuation to $1.3bn.
London investors pump £10m into German hydrogen firm HH2E May 16, 2022 Two London-based investment firms have pumped £10m into German clean hydrogen company HH2E today to underpin a “massive acceleration” in its roll out over the next five years.
Bitcoin has no future in payments, warns top crypto boss May 16, 2022 Crypto billionaire Sam Bankman-Fried has warned bitcoin will never function as a payments network due to its inefficiency, as the crypto world scrambles to steady the market after a sell-off frenzy in the past week.
Plus500 hikes profit expectations after first quarter trading frenzy May 16, 2022 Shares in London listed fintech group Plus500 jumped this morning as bosses hiked profit and revenue guidance for the year on the back of a bumper set of first quarter results.
Saudi Aramco brings in record $39.5bn income as oil prices surge May 16, 2022 Saudi Aramco generated $39.5bn (£32.3bn) in income in the first quarter of 2022, after volatile commodity prices saw its income increase by 82 per cent compared to the same time last year. The almost $40bn worth of income marks a record for Saudi Arabia’s national oil company in coming as its highest quarterly earnings since [...]
Top pension funds throw weight behind emerging market net zero transition May 12, 2022 A group of the UK’s top pension funds have thrown their weight behind driving the net zero transition in emerging markets today, as pressure grows on pension scheme to decarbonise their investment portfolio.