Ackman snaps up $1bn Netflix stake to go “all-in” on streaming January 27, 2022 Billionaire activist investor Bill Ackman has revealed he has built a stake in Netflix worth more than $1bn dollars, as the streaming giant battles a spiralling share price and investor exodus. Ackman announced on Twitter yesterday that his firm Pershing Square Capital Management started buying up Netflix shares on Friday and was now a top-20 [...]
Starling Bank and Barclays in the race to carve up Kensington January 27, 2022 Digital challenger bank Starling and Barclays are among the names looking to snap up a piece of mortgage lender Kensington after its private equity owners put the firm up for sale last year, according to reports. Starling is reportedly up against Barclays and another high street lender to buy Kensington’s lending platform, while american investment [...]
M&G snaps up majority stake in sustainable housebuilder Greencore January 27, 2022 Global investment firm M&G has snapped up a majority stake in sustainable housebuilder Greencore Construction, the firm announced today.
THG rally provides some relief for Moulding January 26, 2022 Shares in beleaguered e-commerce firm THG rallied today following a difficult two weeks which has seen the firm’s share price plummet to over 85 per cent below their initial flotation price.
SumUp eyes $20bn valuation with $500m funding round January 26, 2022 London-based payments fintech SumUp is eyeing up a $22bn valuation.
AT&T revenues jump after surge in streaming sign ups January 26, 2022 US telecoms and media giant AT&T surged past analysts’ revenue estimates in the final three months of the year.
Robinhood outlines safeguards to prevent a ‘memestock’ repeat January 26, 2022 Retail trading app Robinhood has outlined a series of safeguards it has put in place to prevent a repeat of the “memestock” trading craze which crippled hedge funds and sent share prices soaring last year.
Contactless payments surge as cash continues to spiral January 26, 2022 Contactless payments surged over 40 per cent last year as entertainment and hospitality rebounded and cash usage continued its decline, new data has revealed.
Santander launches buy now pay later product to take on fintechs January 26, 2022 Santander has announced plans to roll out a new buy now pay later platform across its European markets as the bank looks to boost revenues and fight off fintech competition.
JPMorgan readies to convert $9.1bn mutual funds into ETFs January 26, 2022 JP Morgan will begin converting $9.1bn of mutual funds into exchange traded funds (ETF), after the four funds bled a combined $2bn in the year to November.
