New Prime Minister Theresa May says all foreign takeover bids will be assessed to determine whether they’re in the national interest July 18, 2016 Prime Minister Theresa May has said foreign takeover bids for British firms must be assessed to determine whether they're in the national interest. Her comments come hours after Cambridge-based tech firm Arm Holdings revealed it had received a £24.3bn offer from Japan's SoftBank – sending the British chipmaker's stock up by over 45 per cent. [...]
Paying an Arm and a leg? Chipmaker shares soar on news of £24.3bn SoftBank takeover bid July 18, 2016 British tech giant Arm Holdings has agreed to a £24.3bn takeover bid by Japanese telecoms group Softbank – and the new owners have big plans for growing the company. Shares shot up in early trading, then stuck there: shares in the Cambridge-based firm were up 42.6 per cent in late morning trading [stockChart code="ARM" date="2016-07-26 17:00"] Read [...]
As SoftBank swoops for Arm Holdings – is the weak sterling making British firms more attractive to foreign buyers? July 18, 2016 The deal between Japan's SoftBank and London-listed Arm Holdings announced this morning could be just the first of many foreign transactions kicked off by the recent referendum. SoftBank's £24.3bn swoop for Arm, which is said to be the biggest ever technology acquisition in Europe, was probably helped by the fact that sterling is significantly weaker in [...]
This is what should happen to data protection rules in a post-Brexit world July 15, 2016 The decision of UK voters to leave the EU has thrown up numerous questions for companies around compliance with EU regulation. Data protection is no exception. Put simply, Brexit complicates the compliance duties of companies that deal with UK/EU data, whether customer, consumer, marketing, sales, employee, business partner or otherwise. There may also be a [...]
Theresa May’s shoes go under the hammer at Tory fundraiser July 15, 2016 New Prime Minister Theresa May has a well-known penchant for fancy footwear – and now one lucky fan has whisked off with a pair of shoes that were actually owned by the recently appointed leader of the country. The multi-coloured heels were auctioned off at a dinner to celebrate Patrick McLoughlin's 30 years as an [...]
Wells Fargo profits drop but US banking giant meets expectations July 15, 2016 US banking giant Wells Fargo has reported a slight drop in profit for the second quarter of 2016 compared with the year before – but still met analsyts' expectations. The figures Net income was down to $5.6bn (£4.2bn) in the second quarter, from $5.7bn in the same period of last year. Earnings per share (EPS) was $1.01, [...]
O2 owner Telefonica UK chief executive Ronan Dunne is leaving the company July 15, 2016 O2 boss Ronan Dunne has announced he is leaving the company after 15 years with the group, eight of which were spent at the helm. Dunne will step down from the board of O2 owner Telefonica UK, a subsidiary of Spain's Telefonica, on 31 July. He will be replaced by finance chief Mark Evans, who joined the group in January [...]
Theresa May offers support to France as Boris Johnson says one British national was injured in Bastille Day lorry attack in Nice July 15, 2016 Prime Minister Theresa May said this morning that the government is working "urgently" to establish whether any British nationals were caught up in last night's attack in the French city of Nice. At least 84 people are dead after a lorry was driven into a crowd in a suspected terrorist attack during Bastille Day celebrations in [...]
Nintendo and Niantic’s smash hit Pokemon Go to be rolled out in 200 markets July 15, 2016 Pokemon Go has pushed games giant Nintendo's share price up 86 per cent in just over one week. The firm's share price surged by 10 per cent on Friday – setting a record in daily trading for an individual stock on the Tokyo exchange. [charts-share-price id="354"] The game has so far been launched in the [...]
House prices were up in June despite Brexit worries July 14, 2016 UK house prices grew by 0.6 per cent in the three months to June, despite concerns around the EU referendum – but London house prices fell 1.4 per cent between May and last month. Prices across Britain were up by six per cent in June 2016 compared with June 2015, according to the Reeds Rains monthly house price index, [...]
