Rolls-Royce Motor Cars boss rakes in £1.77m pay packet after record year August 14, 2023 The boss of Rolls-Royce Motor Cars was handed a bumper £1.77m pay packet, up 72 per cent from last year, after sales and profit at the carmaker hit record levels in 2022. Rolls-Royce’s latest company filings show the group delivered a record 6,021 cars in 2022 – with the US, Greater China and European markets [...]
Price stability remains as Bitcoin holds below $30k August 14, 2023 Bitcoin continues to hold steady around $29,300 despite a short dip in the early hours this morning to $29.1k.
SoftBank aiming to buy back Arm stake ahead of high-stakes New York IPO August 14, 2023 SoftBank is reportedly in talks to buy back the remaining 25 per cent stake in Cambridge-based chip designer Arm its own investment unit established in 2017. In a strategic move ahead of Arm’s impending float in New York, Japanese tech company SoftBank is looking to regain Vision Fund’s quarter stake in order to fully own [...]
The innovations driving Bitcoin adoption in Africa August 14, 2023 The financial terrain is transforming, and the West is lagging behind, still working and thinking in an analogue way, says Susie Violet-Ward.
Gold tumbles as investor hopes of avoiding a global recession rise August 14, 2023 Gold prices have weakened in the face of a strong US dollar, with investor sentiment shifting away from the precious metal.
London losing out due to ‘tourist tax’ as US and Gulf visitors opt for Paris and Milan instead August 14, 2023 London is losing out on wealthy foreign visitors splashing their cash in Oxford Street due to the so-called ‘tourist tax’, amid renewed calls to scrap it and make the capital more competitive. The removal of VAT free shopping for international tourists continues to hurt London retailers, with visitors from the US and the Gulf cutting [...]
Wellbeing disruptor UNTIL bags Dragon Steven Bartlett in bid to mend ‘broken’ industry August 14, 2023 Entrepreneur and star of Dragon’s Den, Steven Bartlett, has pumped cash in to London wellness disruptor UNTIL, as he joins the brand in a top executive role to drive its expansion. The investor joined as its new marketing co-founder to help fix the “broken” sector, following investment into the industry which is worth £3.5tn . [...]
FTSE 100 close: London subdued on quiet earnings day as YouGov mulls US listing August 14, 2023 London’s FTSE 100 started the week in subdued fashion, as a quiet earnings day was overshadowed by reports that YouGov is mulling a US listing. The capital’s premier blue chip index closed the day on 7,495.24 points, down 0.88 per cent, while the FTSE 250 index, which is more aligned with the domestic economy, was [...]
Glantus: Another listed tech firm set to go private as KKR-Accel vehicle completes raid August 14, 2023 London-listed software outfit Glantus is set to go private after receiving a £17.8m offer from the KKR-Accel-backed Basware. The boards of directors of both companies have reached an agreement on the deal, which values Glantus at around £17.8m and implies a total enterprise value of £29.5m. Under the proposed deal, Glantus shareholders will receive £0.3342 [...]
Shaftesbury secures £200m loan as property giant juggles debt arrangements August 14, 2023 Newly formed London property giant Shaftesbury Capital has launched a new 10-year loan of £200m secured against a portfolio of assets within the Carnaby estate. The major London landlord said the financing highlights the “attractiveness” of the company’s mainly retail and leisure portfolio to a “broad range of institutional capital”. The loan will sit alongside [...]
