Watford FC to feature Doge on football shirts August 16, 2021 Watford’s shirt sleeve sponsor for the upcoming 2021-22 season will be the meme-based cryptocurrency Dogecoin. According to an insider at Watford FC, the deal is worth upwards of £700,000 and will exceed the £1m sponsorship deal which the Premier League club inked with its previous sleeve partners Bitcoin if the bonus conditions are met. Dogecoin [...]
Hong Kong IPOs run dry amid concerns over China’s regulatory scrutiny August 16, 2021 The global financial hub has seen only one initial public offering so far this month, as Hong Kong’s investors are spooked by China’s tightening scrutiny across sectors. International investors have long used Hong Kong as gateway to China, but they are increasingly concerned by Beijing’s policies, ranging from technology and education to food and health [...]
Saudi Aramco sizes up private equity and sovereign funds for $17bn gas pipeline stake August 16, 2021 Saudi Aramco is looking to raise at least $17bn from the sale of a significant minority stake in its gas pipelines, sources told Reuters today. A sale that large for a slice of the pipeline deal would be higher than the $12.4bn raised from its oil pipeline deal. Potential bidders including North American private equity [...]
Walmart seeks digital currency and crypto product lead – CityAM : CityAM August 16, 2021 US retail giant Walmart is searching for a digital currency and cryptocurrency product lead to help the company make inroads into the crypto space. According to an advert posted on the company’s career page, the retailer is looking for a fresh hire who can “own and drive the Digital Currency strategy for Walmart” and develop [...]
Life sciences sector alert to evolving skills challenge August 16, 2021 ‘We stand on the cusp of an era of cures, in which new technologies make previously terminal diseases treatable or curable’: so states the UK ‘Life Sciences Vision’, which outlines a 10-year strategy for the sector.The vision, unveiled last month, states that life sciences will be one of the great drivers of growth in the [...]
Wall Street ends hot streak and opens lower amid China growth slowdown August 16, 2021 Wall Street fell from last week’s record highs at Monday’s open amid concerns about the impact of the crisis in Afghanistan and after China missed expectations on a range of data, signalling that its economy was slowing down. The S&P 500 slid down 0.4 per cent from Friday’s all-time high of the year, while the [...]
Retirement housebuilder Churchill revenue up 75% after lonely lockdowns August 16, 2021 Retirement housebuilder Churchill has reported revenue up 75 per cent as lonely lockdowns encouraged people to consider moving into retirement homes. Revenue hit £160m as 48 per cent more retirement homes were sold, the housebuilder revealed in its full year results for the year to June 30. The group swung back to profit with an [...]
Facebook and Google eye Asia-Pacific markets amid plans for new subsea cable August 16, 2021 Facebook and Google announced today their plans to build a new subsea cable to improve internet connectivity across the Asia-Pacific region. Apricot, the 12,000-kilometre-long subsea cable, will connect Singapore, Japan, Guam, the Philippines, Taiwan and Indonesia. It is expected to be ready for service in 2024, according to Facebook. The US social media group continued [...]
Government to invest £232m in 2024 Olympic and Paralympic athletes August 16, 2021 The government has announced it will provide £232m to support Olympic and Paralympic athletes ahead of the Paris Games in 2024. The elite sporting agency UK Sport will be given £77.4m per year, a rise of 44 per cent compared to funding provided ahead of the Tokyo Games. The money will be used to fund [...]
Willis Towers Watson names investment head Carl Hess as next CEO August 16, 2021 Insurance giant Willis Towers Watson today named company insider Carl Hess as its next CEO and president, three weeks after the collapse of its planned $30bn (£22.9bn) mega-merger with rival Aon. Hess, who currently heads up the firm’s investment, risk and reinsurance segment, will step into current CEO John Haley’s shoes immediately upon his retirement [...]
