Robinhood seeks $2bn capital rally ahead of summer Nasdaq IPO July 19, 2021 Trading platform Robinhood is eyeing a more than $2bn fundraise to accompany its initial public offering which is expected later this summer. The app, which rose to fame amid the Gamestop meme-stock rally at the beginning of the year, filed paperwork for the listing at the beginning of July. Robinhood is set to market 55m [...]
TfL launches campaign to rally confidence in commuters and fill-up tubes July 19, 2021 In its bid to breathe the capital back to life, Transport for London (TfL) has launched its largest campaign since the 2012 Olympics to rally confidence in commuters. Tube and bus networks have been far quieter than they were 16 months ago, so TFL’s ‘Welcome back London’ campaign seeks to highlight what Londoners have missed [...]
‘Lower prices, more choice’: UK mulls tariff cuts for exports from developing countries July 19, 2021 The government is set to trim tariffs on UK imports from developing countries to both boost their economies and bring Brits “lower prices and more choice”. Around 70 countries currently qualify for the new Developing Countries Trading Scheme (DCTS), which will also introduce simpler bureaucratic rules when exporting to the UK once approved. The UK [...]
UK investor confidence sinks as ‘Freedom Day’ renews pandemic uncertainty July 19, 2021 Investor confidence in the UK has sunk five per cent in July, as ‘Freedom Day’ renews pandemic uncertainty across the country, according to new research. The UK’s investor confidence lags behind that of the rest of the world, which averages dips of two per cent, data from Hargreaves Lansdown found. “Far from bringing an added [...]
Revolution Beauty shares run rouge in London junior market debut July 19, 2021 Revolution Beauty, which debuted a £300m placing on London’s junior market today, has seen its shares plummet over four per cent. With its ordinary shares listed at 160p per piece, the company’s valuation is around $495m. The British beauty group began trading at 08:00 under the ticker REVB after an oversubscribed fundraiser last week. Revolution, [...]
Table service to remain in ‘most’ pubs post-Freedom Day, Shepherd Neame boss says July 19, 2021 Table service is to remain in most Shepherd Neame pubs, with only “some sites” having bar service reintroduced after England eases most restrictions today. Pub group boss Jonathan Neame welcomed the easing of restrictions and larger groups of people regardless of households to his pub estate in a statement. “While restrictions have been lifted, and [...]
Tencent pushes British gaming group Sumo to hit $1.27bn valuation in bid to buy July 19, 2021 Chinese tech giant Tencent has pushed the valuation of video game group Sumo to hit $1.27bn today in its bid to buy the British firm. Sumo’s shareholders will gain 513p per share, Tencent said, at a 43 per cent premium to Sumo’s last closing price of 358p. The British video game group, behind games like [...]
Carr’s lifts full-year expectations after boosts to agriculture and engineering July 19, 2021 Agriculture and engineering group Carr’s board has announced a lift to its full-year trading expectations today after a strong quarter. Speciality agriculture continues to perform strongly across the UK, USA, and Europe in the 20 weeks to 17 July. Carr’s put the growth down to buoyant livestock prices and the recovery of its animal health [...]
Scotch Malt Whisky Society owners enjoy sales growth despite Brexit export issues July 19, 2021 The Artisanal Spirits Company, the owner of The Scotch Malt Whisky Society, has enjoyed a 28 per cent lift to online sales in the UK despite minor membership growth. Despite last year’s lockdown spurring on drinking habits, the spirits company pulled in £1.7m in the six months to 30 June, in comparison to £1.3m during [...]
GB News director John McAndrew quits to avoid fuelling culture-wars July 16, 2021 The director of GB News John McAndrew has quit the new rightwing broadcaster today, according to reports. It has been suggested McAndrew had come under pressure to up culture war topics instead of his local reporting focus, and so chose to resign. The senior executive handed in his resignation after a row regarding the gesture [...]
