Abrdn closes in on finalising £1.5bn Interactive Investor takeover Abrdn takeover 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 Gender gap 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 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 [...]
‘Historic achievement’ as world’s first malaria jab approved by WHO October 6, 2021 The widespread rollout of the RTS,S malaria vaccine has been approved by the World Health Organisation (WHO), in what Glaxo Smith Kline (GSK) chief executive Dr Seth Berkley called “a historic achievement.” The vaccine will be rolled out across much of Africa and will be vital in the ongoing fight against malaria, which kills more [...]
Businesses must balance flexibility with office culture to fight ‘tsunami of turnover’ October 4, 2021 Three in four companies are concerned about the impact of remote working on corporate culture and staff retention, with half preparing themselves for widespread employee burnout in 2022, according to a report by specialist recruiter Robert Half. The report showed that remote workers were at risk of burnout due to the lack of distinction between [...]
