Shares plunge as US private equity titan backs out of Darktrace takeover September 8, 2022 UK tech darling Darktrace posted revenue and customer growth and pushed back against reports that it was in takeover talks with US private equity giant Thoma Bravo.
Exclusive: Three quarter of Brits pay for subscriptions they don’t use September 8, 2022 Three quarters of Brits who have subscriptions say they are currently spending on services they don’t regularly use.
Allwyn eyes up its American dream amid Camelot u-turn September 7, 2022 Following Camelot’s withdrawn legal battle over the National Lottery licence this week, Allwyn seems to be heading full speed ahead with its American dream, as well as its New York listing. Blank check firm Cohn Robbins Holdings Corporation (CRHC) announced this evening that its shareholders approved the business combination with Allwyn: paving the way for [...]
Cineworld files for bankruptcy in the US September 7, 2022 Cineworld has filed for bankruptcy in the United States, as things go from bad to worse for the beleaguered cinema chain. The cinema chain announced last month that it was voluntarily seeking a Chapter 11 bankruptcy filing in the US, sending shares down 25 per cent. Shares in Cineworld have been in freefall in the past few weeks, with [...]
Keeping up with private equity: Kim Kardashian launches investment firm with former Carlyle exec September 7, 2022 Having dabbled in the world of crypto, Kim Kardashian is now turning her hand to private equity.
Musk calls for Twitter takeover trial to be delayed over whistleblower claims September 7, 2022 Elon Musk's legal team have called for the trial over the $44bn takeover of Twitter to be delayed, citing recent whistleblower claims about the company's practices.
Amid ‘hostile takeover’ bid M&C Saatchi reports 52 per cent profit increase before tax September 7, 2022 Advertising giant M&C Saatchi reported a near 10 per cent increase in revenue and 52 per cent rise in profit before tax from last year, despite the ongoing drama of its hostile takeover. The London-listed creative company increased its headline operating profit margin by 14 per cent. M&C Saatchi had almost £40m in net cash, [...]
Allwyn still not quite at National Lottery jackpot September 6, 2022 DESPITE Camelot confirming that it would be withdrawing its legal challenge against Allwyn over the National Lottery licence, there remains one last obstacle between the Czech firm and the jackpot contract: IGT. While the Gambling Commission acknowledged Camelot’s decision, the regulator said it wasn’t aware of changes to technology firm IGT’s position. IGT, which provides [...]
DS Smith wraps up another investor confidence package September 6, 2022 Shares climbed for DS Smith this afternoon after the packaging firm said it had posted strong profit growth in the recent quarter. The company said in its AGM trading update that overall trading was in line with expectations thanks to “pricing momentum and good cost control”. “We are focusing on ensuring the highest levels of [...]
Auditors flag unusual accounting for TalkTalk as consolidation remains up in air September 6, 2022 Auditors have flagged a series of unusual accounting practices for broadband giant TalkTalk. According to the firm’s annual report, which was obtained by The Telegraph, TalkTalk’s auditors Deloitte said in a reasonable worse case scenario the firm would only be able to meet the covenants on its debt by excluding more “exceptional items” from everyday [...]
