Legal & General agrees £370m buy-in with Heathrow pension scheme February 10, 2022 Life insurance and pensions firm Legal & General has announced a £370m ‘buy-in’ with London Heathrow’s pension scheme to shore up the savings of more than 1,400 savers.
Little Moons set to fetch £100m in private equity bidding war February 10, 2022 An ice cream business that boomed in popularity via TikTok is the focus of a private equity bidding war that could value it at above £100m. Little Moons, which creates Japanese mochi ice cream balls, has surged in popularity thanks to a viral TikTok video and now has five private equity firms readying a bid, [...]
Brookfield weighs up blockbuster listing for asset management business February 10, 2022 Toronto-based investment giant Brookfield Asset Management is looking to spin-off its asset management business in a blockbuster listing that could value the new firm at $75bn.
Klarna eyes up $60bn valuation with new funding round February 10, 2022 Buy now pay later (BNPL) giant Klarna is eyeing up a new funding round that could see its valuation jump to $60bn (£44bn) as it looks to fund an expansion.
Disney revenues surge as guest pour back into theme parks and cruises February 9, 2022 Disney’s US parks and resorts roared back to life with record revenues in the first quarter of the year as overall revenues for the group surged ahead of analysts’ expectation to hit $21.82bn.
Met to contact more than 50 people this week in partygate probe February 9, 2022 The Met police has announced it will begin contacting people believed to have taken part in Downing Street parties as well as reviewing its decision not to investigate a further party in December 2020.
Tech leaders push for UK listings overhaul as Arm heads toward New York float February 9, 2022 Tech leaders have called on government to ramp up efforts to overhaul listings rules after the owner of British chipmaker Arm indicated it would shun the London Stock Exchange in favour of a New York listing.
FCA warns banks of Russian cyber attacks as Ukraine tensions ripple through European finance February 9, 2022 The Financial Conduct Authority has warned UK banks to stress test their cyber defences as fears grow of Russian-sponsored cyber attacks amid tensions in Ukraine.
Dutch fintech Adyen reports surge in revenue as digital payments boom February 9, 2022 Dutch payments giant Adyen has reported a jump in revenues today and a 72 per cent surge in payments as merchants increasingly shift to digital payment methods.
Australian pension scheme gears up for £23bn UK investment spree February 9, 2022 Australia’s largest pension scheme has outlined plans to pump £23bn into the UK and Europe over the next five years as it looks to double the value of its UK assets. AustralianSuper, which manages A$244bn (£128Bn) for around 2.5m savers, says it plans to ramp up its UK asset value from £7bbn to more than [...]
