Entain’s share price jumps 18 per cent following takeover proposal September 21, 2021 Ladbrokes owner Entain’s shares soared late yesterday afternoon after revealing it had received a takeover inquiry from American betting giant DraftKings. Entain plc, a FTSE100 company and one of the world’s largest sports-betting and gaming groups, saw its shares surge by 18.04 per cent to 2,261.00 GBX. Before news of the deal broke, Entain’s enterprise value was [...]
BoJo vs Bezos: Boris Johnson challenges Amazon’s tax record during meeting in NYC September 21, 2021 Boris Johnson discussed the issue of taxation at a New York meeting with Amazon-founder Jeff Bezos. A Downing Street spokesperson confirmed the news, saying that “the prime minister raised the issue of taxation, and hoped progress could be in implementing the G7 agreement on tax,” during a meeting yesterday. Reportedly the Prime Minister pushed for multinational tech companies [...]
Avalanche’s Vee Finance loses $35m in exploit September 21, 2021 Vee Finance has confirmed an attacker exploited its network for $35m (£25.6m) taking 8,805 ETH ($26.6m) and 214 BTC ($9.2m). Vee Finance is a cross chain lending platform which provides a bridge between blockchains. The platform is built on the ultra-fast Avalanche blockchain to provide users with high speeds and low transaction costs. “We are [...]
Oil prices lifted in US storm aftermath September 21, 2021 Oil prices are on the up, having experienced sharp losses in the previous session, amid a supply squeeze caused by the destructive impact of Hurricane Ida. Today, the NYMEX Crude Oil contract was lifted by 1.04 per cent climbing $0.73 to $71.02 and MCX Crude Oil jumped by 0.44 per cent to $5,233. Brent Crude [...]
Post-pandemic surge in job vacancies benefitting low skilled male workers September 21, 2021 Workers in low paying occupations are in high demand post-pandemic with vacancies up by a fifth according to a new study. While recent ONS data showed that worker vacancies surged to a record 1m in August the IFS has revealed that demand is patchy across the jobs market. Vacancies in the lowest-paying third of occupations [...]
TrueLayer raises $130m in funding round September 21, 2021 TrueLayer has raised $130m (£95.2m) in its latest funding round led by Tiger Global Management. The investment brings the total raised by TrueLayer, a banking platform which powers global payments, to $270m. Stripe, a global payments technology provider, also participated in the funding round. Francesco Simoneschi, CEO and co-founder of TrueLayer, commented: “there is only [...]
Blackstone to create 2,700 UK jobs with £850m investment September 20, 2021 Blackstone owned BioMed Realty plans to announce a £850m investment in the UK at a reception hosted by Boris Johnson while on a State visit to the US. The Prime Minister will tomorrow meet representatives from a number of American companies which invest in the UK, including Blackstone, the parent company of BioMed Realty. The [...]
Aviation industry jubilant as US border opens to vaccinated Brits September 20, 2021 The USA will reopen its border to double jabbed Brits, bringing an 18 month travel ban to an end in a major boost for the UK travel sector. The Whitehouse today confirmed that vaccinated passengers from the European Union and UK will be able to enter the country from November. Prime Minister Boris Johnson, who [...]
Raspberry Pi maker attracts £33m in funding round September 20, 2021 The charitable foundation behind the Raspberry Pi, a bestselling, British personal computer, has closed a $45m (£33m) funding round. The Raspberry Pi computer is a small credit-card sized device which enables users to explore python and scratch coding. The foundation which created the product uses trading profits to promote computing. Today’s funding round was led [...]
Anxious Andrew to challenge US court’s jurisdiction as daughter gives birth September 20, 2021 Prince Andrew is mulling a 500-mile dash to see his daughter Beatrice, who gave birth to her first child on Saturday, as US lawyers circle the disgraced royal. Buckingham palace has today announced the birth of Her Royal Highness Princess Beatrice’s first baby with her husband Mr Edoardo Mapelli Mozzi, confirming that the delivery took [...]
