Ladbrokes-owner Entain snaps up Canadian rival for £174m February 7, 2022 Digital gambling giant Entain has snapped up Canadian rival Avid Gaming in a deal worth C$300m (£174m), the firm announced today.
Regulators are playing catch up with digital finance, EU watchdogs warn February 7, 2022 European Union banking watchdogs have warned today that regulation is playing catch up with digital finance as social media platforms and ‘Big tech’ firms increasingly move into the space.
It’s a match: Bumble snaps up French dating app Fruitz February 7, 2022 Dating app owner Bumble has snapped up French matchmaking app Fruitz as it looks to strengthen its European footprint and challenge Tinder and Hinge owner Match Group.
Regional publisher Newsquest in exclusive takeover talks with rival Archant February 7, 2022 The publisher of newspapers The Herald and Northern Echo has entered exclusive takeover talks with its rival Archant as it looks to begin a consolidation of the UK’s regional news market.
Exclusive: Insight pumps £100m into ThinCats to spur SME recovery February 7, 2022 Asset Management firm Insight Investment will pump £100m into a partnership with business lender ThinCats to spur the economic recovery of small and medium sized businesses (SMEs) across the UK.
BlackRock enters the TikTok fray with ‘financial wellness’ account February 4, 2022 The world’s biggest asset manager BlackRock has joined the TikTok craze with an account dedicated to “financial wellness” tips.
Railsbank closes in on ‘unicorn’ status with $100m funding round February 4, 2022 British fintech firm Railsbank is eyeing up ‘unicorn’ status as it looks to raise $100m funding that at a valuation of over $1bn, according to news reports.
Phoenix calls for loosening of pensions rules to let younger savers back risker investments February 4, 2022 One of the UK’s largest pensions providers has called for a loosening of the pensions charge cap to allow younger savers' money to be channelled into higher risk areas like venture capital and private equity.
European oil facilities hit by wave of cyber attacks February 4, 2022 European oil facilities have been hit by a spate of cyber attacks that crippled oil terminal IT systems across Europe and Africa.
Loeb’s Third Point reports a slide in portfolio despite Shell boost February 4, 2022 Dan Loeb’s Third Point Investors has reported a slump in the value of its investment portfolio after a turbulent month in the markets took its toll on performance. Overall asset value in the notorious activist investor’s firm fell 8.7 per cent last month while the share price slid 12.9 per cent in January. Third Point [...]
