TikTok’s rocket revenue slows down as China tightens grip on big tech January 20, 2022 TikTok's momentous ascent may be slowing as insiders reveal that revenue grew by 70 per cent year-on-year to around $58bn in 2021, down from its 100 per cent growth rate in 2020.
Terry Smith rounds again on Unilever and labels failed GSK bids a ‘near death experience’ January 20, 2022 Terry Smith has launched a fresh attack on Unilever’s management as he labelled the failed bid for GSK’s consumer arm a “near death experience”.
Andreessen Horowitz to raise $4.5bn for new crypto funds January 20, 2022 Andreessen Horowitz has plans to raise $4.5bn for two new crypto funds amid booming VC investment in digital assets.
PwC names veteran partner as new head of private equity division January 20, 2022 PwC has named veteran PwC partner Hugh Lloyd Ellis as the new leader of its Private Equity business. Ellis, who has worked at PwC for the more than 15 years, graduated with a degree in maths and economics from UCL in 2003 before joining London-based accountancy firm Kingston Smith W1 the same year. Between 2013 [...]
Shoppers rack up £3.3bn buy-now-pay-later debt in Christmas spending spree January 20, 2022 Shoppers racked up £3.3bn of debt using buy-now-pay-later (BNPL) products in a spending spree over the Christmas period, new data has revealed.
Grenfell campaigners outraged over Westfield owner’s plans for ‘death trap’ apartment block January 20, 2022 A developer has faced fury after plans for an apartment block twice the height of Grenfell with just one fire escape staircase. The 35-storey building has been proposed by the owner of the Westfield shopping centres, Unibail-Rodamco-Westfield (URW), and will be part of a complex of 1,760 new homes, the Guardian first reported. The apartment [...]
EU to introduce laws to drive microchip production and fight ongoing shortages January 20, 2022 The European Commission is set to propose a draft legislation for the regulation of microchips at the start of next month, European Commission president Ursula von der Leyen said this morning.
TfL under fire over ‘unfair’ proposed Piccadilly line premium fare to Heathrow January 20, 2022 Transport for London (TfL) is under fire over a proposed increase to Piccadilly line’s journeys to Heathrow, according to recent reports. To be put in place between Zone 1 and Zone 6, the ‘premium fare’ would see commuters pay 60 per cent more to travel, with peak prices implemented all day instead of during rush [...]
Bumpy rides: Number of UK daily flights at half of pre-Covid levels January 20, 2022 Turbulent times are far from over for airlines, as the number of UK daily flights is at an average of 2,443 per day – still 49 per cent down on pre-pandemic levels, according to data from the Office for National Statistics (ONGS). Commenting on the results, Hargreaves Lansdown’s senior investment and market analyst Susannah Streeter [...]
JPMorgan tops list of European M&A advisers with $301.5bn deals January 20, 2022 JPMorgan has topped a list of European M&A advisers in terms deal-value after working across $301.5bn worth of deals in 2021, according to new data.
