Panasonic invests £522m to produce Tesla EV batteries January 24, 2022 Panasonic has sold its stake in electric car maker Tesla for $3.6bn, a spokesperson for the Japanese company said today. The sale comes as Panasonic looks to raise cash for investing in growth and to reduce its dependence on Tesla. The electronics firm is dominated by Elon Musk’s company, but the two have often had a rocky relationship with executives trading barbs publicly.
Slow bleed out of crypto continues, but can the US central bank deliver positive news? January 24, 2022 The slow bleed we’ve seen in the crypto markets accelerated on Friday, with the Bitcoin price dropping below $40k and falling to £35k.
WikiLeaks’ Assange heads to Supreme Court amid ongoing extradition battle January 24, 2022 WikiLeaks founder Julian Assange will be able to go to the Supreme Court to challenge a decision allowing him to be extradited to the United States to face 18 criminal charges including breaking a spying law.
Letters: we must be clear on what’s green January 24, 2022 [Re: Bye bye to gas? No, it’s too soon, January 17] Last week’s letter by Richard Lum suggested the Institutional Investors Group on Climate Change’s open letter to EU Member State representatives calling for gas to be excluded from the EU Taxonomy was “well-intentioned” but “very one-dimensional” and that investors should not be presented with [...]
Brookfield taps up London team to expand hedge fund business into Europe January 24, 2022 Canadian investment giant Brookfield Asset Management is expanding its hedge fund footprint into Europe.
Law firms opt for M&As over listing in plans to grow in 2022 January 24, 2022 Almost half (47 per cent) of UK law firms are considering mergers and acquisitions, as they seek to expand their geographical footprints and scale up their businesses, according to a poll commissioned by M&A broker Acquira. In a poll of 100 law firms, 47 said they are currently planning a merger or acquisition, with small- [...]
Opinion-in-brief: Netflix says next episode please as shares plummet January 24, 2022 As Boris Johnson lifted Plan B restrictions last week, many rejoiced – but not Netflix. The streaming giant has reaped the rewards of people staying at home. But last week, Netflix’s shares plummeted 20 per cent as new subscriber numbers fell short of expectations. Another 18.2 million people signed up for the platform – roughly [...]
M&C Saatchi bats away top shareholder as ad giant aims for heftier offer January 24, 2022 Advertising group M&C Saatchi has rejected a fresh takeover approach from the acquisition vehicle of its top shareholder Vin Murria.
UK government to recruit 4,000 new magistrates in biggest court recruitment drive in 650 years January 24, 2022 The UK government is set to recruit 4,000 new magistrates from all sections of society, in a bid to make magistrates courts more representative and cut the court backlog built up during Covid-19. The Ministry of Justice (MoJ) said its plan to launch the largest recruitment drive in the Magistrates Courts’ 650-year long history could [...]
Computacenter expects profits to top £250m amid record order backlog January 24, 2022 British IT firm Computacenter expects pre-tax profits to exceed £250m for the full year amid strong demand for products and services.
