Visa-backed Brazilian payments firm Conductor eyes US IPO July 27, 2021 Brazilian payments firm Conductor has tabled plans for a US initial public offering that could come as soon as this year, according to reports. Conductor, which is backed by Visa, has already hired banks for the IPO, Reuters first reported citing three sources close to the matter. No figure has yet been put on the [...]
Reckitt rakes in £6.5bn revenue but underwhelmed investors see shares sink July 27, 2021 Consumer goods company Reckitt raked in just over £6.5bn in revenue in the past six months, though it fell short of analysts’ sky-high sales expectations. The FTSE 100-listed firm was buoyed by its strong second-quarter revenue, which pulled in some £3bn after selling its Chinese infant formula business for around £1.5bn in June. Shares were [...]
Elon Musk’s Twitter antics pushes Tesla’s $23m loss in Bitcoin assets July 27, 2021 Tesla’s lofty revenue, which surpassed analyst expectations today, has been offset by a $23m loss over Bitcoin which pushed the electric carmaker to dial back its investments. Elon Musk’s carmaker did not buy or sell any digital assets in its second quarter, as it dialled back investments after purchasing some $1.5bn in Bitcoin in the [...]
Dallas engineering giant Jacobs to support UK’s first satellite launch site July 27, 2021 Dallas engineering giant Jacobs, which works with NASA, has secured a role in supporting the UK’s first vertical space satellite launch site due to be based in the Scottish Highlands. Jacobs will assess the local supply chain and report on how advanced engineering, asset management and avionics – aviation electronics – can be transferred to [...]
Tesla shifts gear with $11.9bn revenue despite Bitcoin investment losses July 27, 2021 Elon Musk’s electric carmaker Tesla has edged past analyst forecasts with an $11.9bn revenue in its second-quarter trading, up 98 per cent year on year. Tesla also pulled in $1.1bn in net profits in the 12 weeks to 26 July, the first time it has topped $1bn in a single quarter. While the revenues are [...]
Indian social media ShareChat teeters on $3bn valuation after funding rally July 27, 2021 Indian social media platform ShareChat is teetering on a valuation of $3bn after its latest funding round pulled in $145m. It comes not even three months after the Bangalore-based startup bagged $502m in backing, which hoisted its valuation to $2.1bn. With a climbing value, ShareChat has managed to secure a cool $911m in funding over [...]
Russia PM plots his own Cayman Islands with disputed Japanese territories July 26, 2021 Russia has said its prime minister can go wherever he wants on Russian territory, following a Japanese diplomatic protest against his visit to a disputed string of islands. Tokyo has set out an official diplomatic protest over the visit by prime minister Mikhail Mishustin to one of four Russian-held islands which Japan claims, a Japanese [...]
eBay bolsters logistics options for sellers as platform surges with SMEs July 26, 2021 eBay UK has bolstered protections and logistics for its sellers after seeing a 237 per cent surge in new businesses joining the online marketplace giant amid the pandemic. The pandemic pushed many employees into furlough, unemployment and a general revaluation of working life and with many looking for extra income, side-hustles on online platforms took [...]
Bridgepoint mulls selling Burger King UK for a beefy £500m July 26, 2021 The owner of Burger King has plotted early stage talks to sell the fast food retailer for some £500m just days after it listed on London’s top market, according to reports. Bridgepoint, the private equity owner behind Burger King, floated on the London Stock Exchange last week in a rare listing that raked in £300m [...]
Ryanair posts €273m net loss as restrictions continue to ‘wreak havoc’ July 26, 2021 Ryanair has posted a net loss of €273m (£233m) as pandemic travel restrictions continue to “wreak havoc” on the airline industry. Despite the loss, the Irish airline took home some €371m in the weeks to 30 June, up from €125m in the same period last year. Shares were up 4.1 per cent in its afternoon [...]
