Love at first sight? Kylie takes stake in UK music streamer Roxi November 9, 2020 Kylie Minogue has taken a stake in Roxi as the music streaming service plots an initial public offering in London. The Australian pop legend joins Robbie Williams, Alesha Dixon and Sheryl Crow as a major shareholder in the company, and will front its new TV advertising campaign. Roxi, which offers a fully-licensed music catalogue through [...]
Funeral firm Dignity posts rise in revenue amid Covid-19 crisis November 9, 2020 Funeral provider Dignity has posted higher revenue in the first nine months of the year following a sharp spike in deaths caused by the outbreak of coronavirus. The London-listed firm booked underlying revenue of £234.5m to 25 September, up four per cent on the same period last year. The figures reflected a higher number of [...]
Countrywide in takeover talks with rival estate agent Connells November 9, 2020 Countrywide is in talks with rival estate agency Connells over a potential takeover that would value the company at roughly £82m. The firm today said it had received an initial offer of 250p per share from Connells, well above its closing price of 145p last week. Countrywide said the offer was at an early stage [...]
Softbank’s Vision Fund posts record profit as startup valuations recover November 9, 2020 Softbank’s Vision Fund division posted a record ¥784.4bn (£5.7bn) profit for the third quarter after a recovery in startup valuations helped the unit rebound from a ¥612bn loss the previous year. The Japanese tech investment giant, which has stopped reporting operating profit figures, reported a net quarterly income for the entire group of ¥627.5bn. This [...]
S4 Capital revenue rises after bumper BMW account win November 9, 2020 S4 Capital has posted a double-digit rise in revenue and profit for the third quarter after it secured a lucrative new account from BMW and Mini. Sir Martin Sorrell’s advertising firm booked revenue of £86.4m in the three months to the end of September, up 13 per cent on the same period last year. Gross [...]
Weekly outlook, 9-13 November: Investors shift their focus back to the UK economy November 9, 2020 Investors were kept busy with the drama across the Atlantic last week, but they’ll soon want to focus back on the UK in what will be a busy week of results and economic updates. After a nail-biting election, markets will likely be considering the implication of a Biden presidency. But with GDP and unemployment figures [...]
Joe Biden ‘will not prioritise’ UK-US trade deal November 9, 2020 Joe Biden will reportedly not prioritise UK-US trade deal discussions in the first 100 days of his presidency. The president-elect has shown little interest in the talks and will focus instead on domestic legislation, an adviser to his campaign told the Telegraph. The Democrat would also face hurdles appointing his US trade representative to lead [...]
Joe Biden’s business in-tray: The President-elect’s most pressing issues November 9, 2020 President-elect Joe Biden will be entering the White House at a time when the US is facing stark crises on multiple fronts. The US is seeing a third wave of Covid with almost 240,000 deaths recorded, the economy is in a deep recession and the US’ federal climate policy is in need of reform. City [...]
Joe Biden must not let anti-capitalist climate zealots capture his presidency November 9, 2020 As the world prepares for the coming Biden administration, a fundamental question looms both for Americans and for the wider world: which Joe Biden will govern as President? He has long defined himself as a moderate, a centrist, a bipartisan consensus-finder — but recently his Democratic Party has moved significantly to the left, and in [...]
Building back a greener City — and a greener world November 9, 2020 It is essential, even as we readjust to lockdown over the next few weeks, to not lose sight of another of humanity’s great challenges: tackling climate change. As one of the world’s foremost financial centres, London has a huge role to play in supporting the development of a more sustainable global society, and is well-placed [...]
