Chipmaker Arm looks to transfer shares in China division to accelerate IPO plans March 30, 2022 British chipmaker Arm is preparing to transfer shares in its China division to a special purpose vehicle set up by its owner Softbank, as it looks to accelerate its move onto the public markets.
Huel: No rush for IPO as meal replacement drinks biz passes £100m revenue March 30, 2022 The CEO of start-up Huel has said its £1.50 meal replacement drinks offer struggling households affordable nutrition as inflation skyrockets. “We feel we can support [people in the cost of living crunch,] given our products start at £1.50 a meal,” CEO James McMaster told CityA.M. Households are facing sharp grocery bill increases this spring, as [...]
Polymetal reports boost in Russian demand for gold as sanctions hamper exports March 30, 2022 Russian gold miner Polymetal said it remains resilient to the impact of sanctions today after a boost in demand from Russians looking to store their cash in the traditional safe haven asset.
Hong Kong’s Covid-19 battle has ‘brain drained’ economy as house prices are forecast to fall March 30, 2022 While some restrictions are due to be eased next month, Hong Kong’s battle with Covid-19 will fuel a shrinking economy and plunging house prices, according to Goldman Sachs economists. House prices are forecast to fall around 20 per cent over the next four years, falling five per cent every year, while mortgage rates are expected [...]
OakNorth boosts profits by 70 per cent after lending surge March 30, 2022 Digital lender OakNorth boosted its profits by more than 70 per cent last year as an economic rebound from the pandemic led to a surge in business lending.
Energy analysts welcome renewable plans but warn support for households still needed March 30, 2022 Onshore wind will provide the UK with long-term energy security but won't resolve this winter's energy crisis, according to energy experts.
GPE snaps up London’s Fashion Retail Academy building for over £36m March 30, 2022 GPE, formerly known as Great Portland Estates, has snapped up the government and Philip Green-backed Fashion Retail Academy building for £36.5m. While the property development and investment firm has bought the building, in the heart of Fitzrovia, it will remain home to the fashion school until it relocates to a larger building. The building, a [...]
John Menzies gives green light for takeover by Kuwait suitor March 30, 2022 Aviation services firm John Menzies has accepted a cash offer from Kuwait suitor Agility after previous offers were rejected. Under terms of the acquisition, each Menzies shareholder will be entitled to receive 608 pence in cash per Menzies share. Shares in the company were boosted more than three per cent on Wednesday morning. Agility will [...]
Publisher Bloomsbury set to beat profits guidance after global bestseller March 30, 2022 Publishing group Bloomsbury said it was set to sail past profits and revenues expectations this morning as it felt the lift of a number of new fiction titles and a positive acquisition strategy.
Shepherd Neame anticipates hit to margins amid soaring inflation as brewer returns to profit March 30, 2022 Brewer and pub operator Shepherd Neame has said it anticipates a hit to margins from inflationary pressures in the coming months. “Our business is in good shape and has traded well following the lifting of all restrictions. However, the current economic uncertainties are putting inflationary pressure on the sector which will impact margins,” Jonathan Neame, [...]
