Softbank’s Vision Funds book record £31bn loss – but Alibaba sale helps cushion the blow May 11, 2023 Japanese investment giant Softbank continued to shed cash from its storied Vision Funds in the three months to March even as a slew of asset sales and tech rebound helped narrow losses across the firm.
Olympia London owners to inject £5.4m into Shepherds Bush Market May 11, 2023 The private real estate firm behind Olympia London has submitted plans to inject £5.4m into Shepherds Bush Market and the Old Laundry Yard as it looks to create a life science incubator as well as affordable homes within the region. Yoo Capital, which has invested £2.5bn into central London over the past decade, said a [...]
Crypto investors feeling the ups and downs as inflation figures set the tone May 11, 2023 The price of Bitcoin is settling around $27.4K this morning, in the red by a marginal 0.62%. Ethereum at $1.822 is down by 1.5%.
Nissan sees profit rise but anticipates continuation of ‘harsh’ business environment May 11, 2023 Nissan said that it expects 38 per cent rise in operating profits this year, as it continues a strong resurgence from the lows of the global semiconductor shortage and China shutdown. The Japanese automaker beat analysts expectations, raising profit expectations for the coming year to 520bn yen (£3.07bn) on the back of a stronger sales [...]
John Wood Group’s revenues rise as Apollo deal deadline looms May 11, 2023 John Wood Group said on Thursday its quarterly revenue rose on the back of a steady demand across its business units.
High power prices boost Engie earnings in first quarter May 11, 2023 French energy company Engie on Thursday reported a rise in first-quarter earnings, buoyed by high European power prices.
BNP Paribas stops financing new oil and gas fields in green clampdown May 11, 2023 BNP Paribas has announced it will no longer provide any financing dedicated to new oil and gas fields as it shifts to a net zero world.
FTSE 100 Live: London markets fall following Bank of England’s interest rate decision May 11, 2023 London’s FTSE 100 index fell this afternoon following the Bank of England’s latest interest rate decision, when the Bank’s base rate was lifted by 25 basis points. The capital’s premier index fell 0.64 per cent to 7,691.42 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Rolls-Royce share price slips despite upbeat new CEO update May 11, 2023 British engine maker Rolls-Royce said it performed as expected in the first part of the year, with flying hours recovering, and steps taken by its new CEO to find savings putting it on track to meet 2023 targets. Despite the solid if unspectacular update, shares slipped 2 per cent in early trading. Tufan Erginbilgic, who [...]
Home REIT bidder slams ‘lack of engagement’ as deal deadline looms May 11, 2023 The potential bidder for beleaguered social housing investor Home REIT has slammed a “lack of engagement” from the firm as it called for a further extension to a deadline for any potential takeover.
