Blue Prism shares jump as new suitor makes takeover offer November 16, 2021 A new suitor has entered the race to snap up a British software company days before investors were due to vote on a £1.1bn offer. A US tech business has swooped into contention for ownership of Blue Prism making a preliminary proposal at £12 per share which valued the company at £1.2bn and caused its [...]
Hong Kong Racing Tips: Cruz all set to have another day in the Sunshine November 16, 2021 TONY Cruz is the trainer to follow when racing gets underway with a nine-race programme at Happy Valley on Wednesday. Two-time Hong Kong Champion Trainer Cruz has his stable firing on all cylinders at present. He has saddled nine winners at the last 10 race meetings and picked up a winning double at Sha Tin [...]
Hong Kong Racing Tips: In-form Manfred Man unlikely to stop the winning feeling November 16, 2021 CHAMPION jockey Zac Purton gets his first ride of the season for the Douglas Whyte stable when taking over from Jerry Chau aboard Harmony Fire in the Kokura Handicap (1.15pm) over five furlongs. It seems strange that Chau has been substituted having won twice previously on the progressive four-year-old, but maybe the narrow nose defeat [...]
The City View podcast: Today’s evening digest of all the news from the Square Mile November 16, 2021 City A.M.’s daily podcast is back, with all the news and views from the Square Mile as you head on your commute home – or from the kitchen table to the sofa, if you haven’t quite made it back. Today’s there’s news from Vodafone, the Restaurant Group, Netflix and new job figures, and we hear [...]
BMW to stop customisation following EV transition costs November 16, 2021 BMW is said to stop car customisation following the transition to electric vehicles (EV) that is forcing the automotive giant to cut costs where possible. Once priding itself for the wide range of choices given to customers, BMW has now said it will not be able to provide such a large number of options when [...]
Two more energy firms collapse amid soaring wholesale prices November 16, 2021 Neon Energy and Social Energy Supply have ceased trading, leaving 35,000 stranded customers in need of rescue from Ofgem. Skyrocketing wholesale prices have now caused 21 firms to collapse since September. The energy crisis has caused the number of suppliers UK market to halve as firms struggle to make up the costs. Neon Energy is [...]
No money, no problem: City minister John Glen gives up top-up salary November 16, 2021 Amidst an ongoing lobbying scandal, City minister John Glen is one Tory MP who can’t be accused of lining his pockets: he has given up the salary ‘top up’ that comes with the job. The Economic Secretary to the Treasury, Glen had had his MP’s salary added to with an extra £22,475 since taking the [...]
Rideshare for satellites: Exolaunch inks multi-million-dollar deal with SpaceX November 16, 2021 Launch services and in-space logistics firm Exolaunch has inked a multi-million-dollar deal with tech-billionaire Elon Musk’s SpaceX for a satellite rideshare service. The deal, which covers two years worth of transporter missions, will see Exolaunch’s customer satellites ferried into space by SpaceX rockets. Over 95 per cent of Exolaunch’s 3,000kg capacity on the SpaceX missions [...]
Boris Johnson set to ban on MPs acting as paid political consultants or lobbyists November 16, 2021 Boris Johnson is set to ban MPs from holding paid consultancy jobs that allow them to act as a “parliamentary strategist, adviser or consultant” in the wake of the Owen Paterson sleaze scandal. The Prime Minister wrote to House of Commons speaker Sir Lindsay Hoyle to say he wanted any outside job by MPs to [...]
UK government opens national security probe into Nvidia’s $54bn Arm deal November 16, 2021 The UK government has launched a a full-blown national security investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. Digital and culture secretary Nadine Dorries has ordered a “phase 2” investigation into whether the deal operates against public interest, thus instructing the UK competition [...]
