Amazon’s $1.7bn bid for iRobot faces questions from UK’s competition agency April 6, 2023 The UK’s competition regulator has launched an investigation into Amazon’s proposed $1.7bn acquisition of the Roomba manufacturer, iRobot. The Competition and Markets Authority (CMA) announced today that it will investigate whether the merger will result in “substantial lessening of competition” in the UK market. Amazon and iRobot announced the merger back in August 2022. The [...]
Adnams Brewery in discussions about leaving under-fire CBI April 6, 2023 Adnams Brewery is in discussions about leaving the under-fire Confederation of British Industry (CBI) after a string of sexual misconduct allegations broke. Chief executive Andy Wood told BBC Radio 4 his firm were holding conversations about withdrawing from the trade body. It follows a host of corporate members, including EY and Rolls Royce, who pay [...]
Shell’s shares rise on FTSE 100 after predicting upturn in LNG output April 6, 2023 Shell's shares have risen on the London Stock Exchange this morning, after it unveiled a bullish update for its first quarter of trading ahead.
Crypto markets pull back as Bitcoin slips under $28,000 April 6, 2023 Bitcoin has dipped below $28k, with Ethereum also down on the day, trading just below $1.9k as the wider crypto market falls.
Check mate as World Chess valued at £41.7m on London Stock Exchange debut April 6, 2023 World Chess has landed on the London Stock Exchange in a move that has priced the gaming and promotion company at £41.7m. The freshly-listed firm, which organises chess championships in both the US and UK, reaffirmed its strong cash position as it made its debut in the market revealing that half year revenue in 2022 [...]
US regulators call in Blackrock to sell stricken Silicon Valley Bank and Signature portfolios April 6, 2023 US regulator the Federal Deposit Insurance Corporation (FDIC) has called in investment giant BlackRock to sell the securities portfolios of Signature Bank and Silicon Valley Bank after their collapse last month.
FTSE 100 close: Markets end in the green before Easter weekend despite US recession fears April 6, 2023 London’s blue-chip index approached the Easter weekend higher as oil giant Shell lifted markets despite fears that the US economy might be slowing. The capital’s premier index ended 1.03 per cent higher at 7,741.56 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, closed 1.05 [...]
Is HS2 holding up the UK’s construction industry? Output up but housebuilding continues to fall April 6, 2023 Civil engineering rose at its highest level since 2009 in March, according to a leading global index which measures the monthly construction output of the UK economy. At 50.7 in March, the headline seasonally adjusted S&P Global /CIPS UK Construction Purchasing Managers’ Index (PMI) – which measures month-on-month changes in total industry activity – was [...]
Can CEO Rishi Sunak turn the Conservative party around in time for an election? April 6, 2023 Rishi Sunak has billed himself as a quiet competent manager, the CEO of Britain, in a bid to turn the Conservative Party's prospects around, writes John Oxley.
Let’s be honest, rent controls are tempting but they would be a disaster for London April 6, 2023 Rent controls seem an attractive policy but don't be fooled: they would mean fewer new homes, fewer properties on the market and they'd risk turning London into a closed city, writes Matthew Lesh
