Pensionbee valued at £365m ahead of London IPO April 21, 2021 Pensionbee has priced its IPO at 165 pence per share valuing the company at £365m ahead of its listing this month. The pension consolidation business is set to join the high growth segment of the London Stock Exchange. Last week it announced an offer price range of between 155p and 175p per share. The offer [...]
Heineken sales flat following increases in Africa and Asia April 21, 2021 The world’s second largest brewer Heineken reported stable beer sales in the first three months of the year after a strong performance in Africa and Asia. Net profit for the first three months of the year was €168m, up from €94m a year earlier. Beer volume in the first quarter was in line with last [...]
Antofagasta production on track but miner warns on Chile lockdown April 21, 2021 Mining giant Antofagasta today said its production and costs were in line with expectations in the first quarter but warned of the impact of a fresh lockdown in its home country. The Chile-based company said copper production was on track at 183,000 tonnes, 5.7 per cent lower than last year and five per cent lower [...]
Plus500 moves into US with $30m acquisition of futures platform April 21, 2021 After a strong year Plus500 is dipping its toe in the US market with a $30m deal to buy a futures trading platform. The online trading platform this morning announced it has bought the membership interests of Cunningham Commodities, a regulated Futures Commission Merchant, and trading platform Cunningham Trading. The deal represents a growth opportunity [...]
UK inflation climbs to 0.7 per cent in March April 21, 2021 The UK’s Consumer Prices Index (CPI) rose to 0.7 per cent in March, from 0.4 per cent in February, official ONS figures showed this morning. CPI was boosted by rising fuel costs and clothing but was partially offset by falls in the price of food. The ONS said prices charged by manufacturers rose by 1.9 [...]
Tiktok sued for billions over children’s data concerns April 21, 2021 Tiktok is being sued for billions of pounds over allegations the video-sharing app illegally harvested the private data of millions of European children. The lawsuit, which is being backed by former children’s commissioner for England Anne Longfield, alleges that every child that has used Tiktok since 25 May 2018 may have had personal information collected [...]
Unemployment has stabilised but there will be economic pain ahead April 21, 2021 There are high levels of business optimism. Survey after survey has told us this, from reports from Deloitte on large companies to evidence from the Federation of Small Businesses. Consumer savings are at an all-time high. People are itching to get out and spend the money they have been forced to accumulate. All in all, [...]
All six English clubs abandon JP Morgan Super League plan April 21, 2021 All six English clubs have pulled out of the European Super League (ESL) after plans for the JP Morgan-backed venture were met with a fierce backlash. Manchester City were the first Premier League side to officially withdraw from the competition following reports Chelsea were preparing to do so. Arsenal, Liverpool, Manchester United and Tottenham have [...]
Audit sector ‘failing society and needs reform’ warns think tank April 21, 2021 The UK’s audit sector is “failing society” by coming up short when assessing firms’ finances and governance, leaving the door open to costly, Carillion-style business collapses, according to think tank IPPR. The think tank said there is an “expectation gap” between what audit currently assesses and what it needs to assess to fulfil the [...]
We must urgently solve the £15bn growth capital gap to keep innovation in the UK April 21, 2021 Cast your mind back to a decade ago, when the world of finance and banking was in disarray, and we were in midst of the worst economic disaster in generations. Trust in financial institutions was at an all-time low, and as so often happens, technology played a central role in restoring public faith and helped [...]
