Alibaba-backed LinkDoc mulls private $200m fundraiser after frozen US IPO – CityAM : CityAM September 9, 2021 Chinese medical data firm LinkDoc Technology is reportedly looking to raise between $200m and $300m from a private fundraiser, weeks after it froze plans for a US float. LinkDoc, which is backed by Alibaba Health Information Technology, is also mulling a fresh initial public offering (IPO) in Hong Kong instead of across the pond, Bloomberg [...]
Compulsory jabs? Consultation on vaccinations for health staff begins September 9, 2021 The government has launched a consultation today to make a decision on whether there should be compulsory jabs for frontline workers in health and care settings. The six-week long consultation could result in staff receiving mandatory Covid-19 and flu vaccines to protect their patients and people receiving their care, unless they are medically exempt. The [...]
Lookers posts record first half profit after ‘exceptionally strong’ trading September 9, 2021 Used car dealership Lookers said that it would look to reinstate dividend payouts “as soon as possible” after an “exceptionally strong” performance in the first half of the year. The London-listed firm said it had swung back into the black after last year’s £36m first half loss, posting a record £50.3m profit. It added that [...]
Bottom-up ESG: New platform wants to give retail investor army voting power for £1 September 9, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. The new UK-based activist investment platform wants to enable individuals to “vote with their money” for change from the inside at Amazon, Coca-Cola and Apple by investing as little as £1. [...]
Lloyd’s of London reports £1.4bn profit in first half of 2021 September 9, 2021 Lloyd’s of London returned to profit in the first half of 2021, with the help of a stronger underwriting performance, the insurer announced this morning. The commercial insurance market’s results indicate its recovery after it incurred significant losses during the pandemic last year. In the same period a year ago Lloyd’s suffered a total loss [...]
Spire Healthcare returns to operating profit amid climbing Covid costs September 9, 2021 Independent hospital group Spire Healthcare has returned to an operating profit in the past six months, after being hit by climbing Covid-19 costs. The group swung from a £189.8m operating loss last year, managing to secure £46.2m in the six months to 30 June, according to its interim results this morning. Revenue also jumped 38.9 [...]
Gear4Music snares AV Online in £9.2m acquisition September 9, 2021 Gear4music, the UK’s largest retailer of musical instruments and equipment, has agreed to purchase AV Online in an acquisition deal to the tune of £9.2m. Founded in 2013 AV Online is a retailer of audio-visual equipment, such as home cinema systems. Gear4music will also purchase the domain name AV.com with a view to launching an [...]
Funding Circle CEO to step down after over a decade September 9, 2021 Funding Circle’s CEO Samir Desai CBE will step down next year and be succeeded by managing director Lisa Jacobs, the funding platform said in an announcement today. Desai will step back as chief executive officer of the lender in January 2022, after 12 years in the position. He will transition to a new role as [...]
Janet Yellen: US Treasury is in danger of running out of cash in October September 9, 2021 Janet Yellen has warned the US Treasury is in danger of running out of cash in October unless Congress raises the debt ceiling, as the government walks on a tight rope to avoid a possible US default. In a letter to House Speaker Nancy Pelosi and other lawmakers yesterday, the Treasury secretary said a “specific [...]
Home sales drop for second month in a row September 9, 2021 Home sales have fallen for a second month in a row as fewer homeowners are listing their properties for sale. The pace of house price growth is just starting to ease as the government’s stamp duty holiday is tapered out, according to the RICS UK Residential Market Survey for August 2021. New buyer enquiries dropped [...]
