Pearson taps former British diplomat for new consumer push December 2, 2020 Pearson today said it has hired a former British diplomat as its chief strategy officer as the education group pushes ahead with a new strategy of targeting consumers directly. The FTSE 100 firm said Mike Howells will be tasked with strengthening its relationships with learning institutions. The appointment is the latest move by new boss [...]
EU regulators to clear London Stock Exchange’s $27bn Refinitiv deal December 2, 2020 EU competition regulators are reportedly set to clear London Stock Exchange’s $27bn (£20.3bn) takeover of Refinitiv. LSE last month offered to provide rivals with access to clearing and data for 10 years as part of its bid to win over antitrust authorities. It came as part of a package submitted to the European Commission that [...]
Salesforce buys workplace messaging app Slack in $28bn deal December 1, 2020 Salesforce has agreed to buy workplace messaging app Slack in a deal worth $27.7bn, the company confirmed tonight. The mixed stock and share agreement will see Slack shareholders receive $26.79 in cash and 0.0776 shares of Salesforce stock for each Slack share. Salesforce said the deal, which is set to complete in the second quarter [...]
Prime Minister’s brother tapped to launch new City advisory firm December 1, 2020 Prime Minister Boris Johnson’s half-brother has reportedly been tapped to help launch the London branch of a global financial advisory firm. Max Johnson has been made a partner at ABG International, where he will advise corporate clients, Sky News reported. The venture is being launched as a new London offshoot of ABG Advisory, a global [...]
Bytes Group looks to raise £455m in London stock market float December 1, 2020 Software firm Bytes Group is aiming to raise as much as £455m from its initial public offering as it cashes in on the rise in home working. The Surrey-based company today said it will sell up to 172m new shares at a target price range of between 240p and 290p per share, giving it maximum [...]
Airbnb targets $35bn valuation in blockbuster float December 1, 2020 Airbnb is targeting a $35bn (£26bn) valuation in what is set to be one of the final blockbuster stock market listings this year. In a filing today the holiday rental firm said it will look to raise up to $2.6bn from its initial public offering on the Nasdaq exchange, which is set to take place [...]
Mast giant Arqiva pulls out of Freeview venture amid streaming row December 1, 2020 British mast giant Arqiva is pulling its investment in digital TV platform Freeview in the wake of a row over how to stave off pressure from streaming rivals. The telecoms group said it will step down as a shareholder in Digital UK, the company that controls its joint venture with the BBC, ITV and Channel [...]
Facebook to pay UK news publishers for use of articles December 1, 2020 Facebook will pay UK news publishers to use some of their articles as the tech giant looks to fend off the looming threat of regulation. From January the site will launch a dedicated news section with a selection of articles from top publishing groups. The companies behind the Guardian, the Independent and the Evening Standard [...]
London set for major new music venue after £1.3bn Olympia revamp December 1, 2020 London’s music scene will be given a much-needed boost with the launch of a major new music venue as part of a £1.3bn overhaul of the Olympia exhibition centre. The iconic west London site, which first opened its doors in 1886, has played host to some of the biggest names in pop and rock, including [...]
London festive travel guide: How to get around safely this Christmas December 1, 2020 UK leaders have agreed to lift coronavirus lockdown restrictions over the festive period, granting families the chance to see their loved ones for Christmas. Under the plans, members of up to three different households will be able to form an exclusive bubble between 23 and 27 December. Transport secretary Grant Shapps has warned Brits to [...]
