Software firm NCR makes $1.7bn bid for Cardtronics January 11, 2021 Software firm NCR has offered to buy cash machine operator Cardtronics for around $1.7bn (£1.3bn), it was announced today. The company, which provides technology for the financial, retail and hospitality industries, has offered $39 per share for Cardtronics. The bid comes weeks after it was reported that the latter firm had agreed to a $35 [...]
British Land ‘bruised but not broken’ despite collecting less than half of rent from UK retailers January 11, 2021 British Land will emerge from the pandemic intact despite collecting less than half the rent it is owed for December, according to a City analyst.
Bitcoin sees major retrace January 11, 2021 Crypto at a Glance After the parabolic excitement of last week, it was back down to Earth with a bang last night for bitcoin fans – albeit somewhat predictably. The leading cryptocurrency by market cap dropped more than $7,000 in a matter of hours – a fall that was echoed across the space, as many alt [...]
Ocado sounds alarm on product availability as supermarket shelves stand empty January 11, 2021 Ocado has warned that the availability of some products is being impacted by coronavirus-related staff absences in its supply chain. With more staff off sick or forced to isolate some grocery suppliers are having to consolidate their lines. “Staff absences across the supply chain may lead to an increase in product substitutions for a small [...]
Prince Charles urges business to back new ‘Earth Charter’ January 11, 2021 Prince Charles will today urge the private sector to sign up to the “Terra Carta”, a new environmental pledge to protect the natural world. The “Earth charter”, which takes its name from the Magna Carta, has already been signed by dozens of high profile businesses. These include Astrazeneca, Bank of America, EY, Unilever, and Blackrock, [...]
New year, same lockdown: UK shopping trips fall 27 per cent in first week of January January 11, 2021 New year, same lockdown: UK shopper numbers fall 27 per cent in first week of January
FTSE 100 falls back as extra restrictions mulled January 11, 2021 The FTSE 100 fell back slightly this morning as reports that the government is mulling further restrictions pressed on the markets. London’s premier index fell 0.5 per cent by mid morning to stand at 6,838 points after a rapid start to the year last week. In the first week of trading, the bourse picked up [...]
JD Sports shares pop as firm raises profit outlook January 11, 2021 Sportswear giant JD Sports saw its shares rise 4.6 per cent this morning after the firm announced that full-year profit would “significantly ahead” of estimates. In a trading update, the FTSE 100 firm said that “robust” sales during the pandemic would see it come in ahead of the £295m forecast. That’s despite the fact the [...]
Ladbrokes owner CEO to leave after just seven months for DAZN January 11, 2021 Ladbrokes owner Entain this morning said its chief executive Shay Segev will leave after just seven months in the position. Segev will exit after a six-month notice period to join sports streaming platform DAZN as Co-CEO, only days after Entain rejected an £8bn approach from MGM. Chairman of Entain Barry Gibson said, “We are sorry [...]
New York fund GIP takes lead in bidding war for Signature Aviation January 11, 2021 The board of Signature Aviation have this morning accepted a $4.6bn (£3.4bn) takeover offer from New York fund Global Infrastructure Partners (GIP). Shares in the firm rose 8.8 per cent on the back of the announcement. The $5.50 a share bid beat off competition from Blackstone, which had won the backing of billionaire Bill Gates, [...]
