Contenful now worth $3bn after fresh capital rally ahead of rumoured US IPO July 28, 2021 Content platform provider Contentful, led by a former Microsoft and Amazon executive, has hit a valuation of $3bn today after its latest funding round. The fundraiser, led by investment giant Tiger Global, rallied together $175m for its expansion into marketing and sales. The German company, founded in 2012, operates content management systems behind websites like [...]
Barack Obama joins NBA’s African arm as strategic partner and minority shareholder July 28, 2021 The National Basketball Association (NBA) has announced that former US president Barack Obama has joined its new African arm as a strategic partner. The 44th President of the United States will also own a minority stake in NBA Africa, which officials say he intends to use for Obama Foundation projects across the continent. Obama will [...]
Travel industry welcomes end of quarantine for double-jabbed EU & US citizens but concerns remain July 28, 2021 Airlines and travel firms today hailed the news that the UK will drop quarantine requirements for fully vaccinated travellers from the EU and US next week but warned more changes were needed. Industry body Airlines UK said: “Exemptions for all fully vaccinated travellers is undoubtedly a positive move, offering a lifeline for thousands of businesses [...]
Editorial: Online retail has a duty to be human – for their workers and the industry July 28, 2021 Old-school retail has been plagued by many criticisms through its long performance on our high streets. It has been far from the patron saint of good behaviour. But if you walked into a store in the early 2000s, you could, fairly or unfairly, get a feel for a company from the staff you bumped into. [...]
Along came a Spider: Drop-top McLaren 765LT supercar breaks cover July 28, 2021 The new, limited-run McLaren 765LT Spider promises a 205mph head-rush, with ferocious performance and a retractable carbon fibre roof.
US law firms in the UK raise bonuses in battle for staff July 28, 2021 UK legal companies have been forced into a bidding war for junior associates employed by top-tier US firms. Top US law firm Goodwin Procter is offering sign-on bonuses to its London staff worth up to £36,000, according to a recruiter, City A.M. understands. Last week Slaughter and May announced that it would increase pay for [...]
Weaker economic backdrop presents fresh headaches for Fed July 28, 2021 Today’s Federal Open Market Committee announcements come amid mounting concerns that the rapid rise in Covid cases could dampen the global economic recovery. This backdrop presents a different set of problems for Fed Chair Jerome Powell to when he last spoke in June. Recovery prospects are still good, but have tempered. Investors around the world [...]
Spotify beats forecasts as paid subscribers hit 165m July 28, 2021 Spotify has beaten expectations for the second quarter as the streaming giant saw its paid subscriber numbers grow by a fifth. The Swedish company said premium subscribers jumped 20 per cent year on year to hit 165m in its latest quarter – towards the upper end of its guidance and modelty ahead of forecasts. Monthly [...]
C-suite diversity credentials to be laid bare under new FCA rules July 28, 2021 The UK’s financial watchdog is seeking to implement new rules that will force listed companies to disclose their c-suite diversity credentials, it announced today. The Financial Conduct Authority is seeking feedback from firms on proposed rules that will see listed companies publish a “comply or explain” statement breaking down whether they have reached proposed diversity [...]
Pfizer hikes Covid vaccine sales forecast by almost a third to $33.5bn July 28, 2021 Pfizer has raised its full-year sales forecast for its coronavirus vaccine by nearly a third, as governments across the world rush to secure doses to vaccinate their populations. The US drugmaker raised its 2021 forecast for sales of the Covid vaccine that it produces with Germany’s BioNTech by 28.8 per cent to $33.5bn (£24bn), up [...]
