Bridgepoint sets London IPO of up to £2.9bn July 14, 2021 Private equity firm Bridgepoint’s London IPO could value the company at as much as £2.9bn, in the first major UK listing for the industry in decades. The buyout group, which has around €27.4bn of assets under management across equity and debt funds, is looking to raise up to £789m when it lists on the London [...]
Why China’s stunning vaccine surge could be good news for the world July 14, 2021 Not only is the rapid roll-out of Covid-19 vaccinations in China good news for the domestic economy, but it could also potentially see a sharp increase in exports of treatments to other emerging markets (EM). That would help those EM that have so far lagged behind in the vaccination race. And the geopolitical dynamics could [...]
China’s crackdown on crypto continues as more mining projects shut down July 14, 2021 The cryptocurrency industry in China was further hit today as Anhui province said it would close all crypto mining operations due to energy consumption concerns. The province in east China will shut down the energy-intensive projects as part of a package of changes to address a power supply shortage. Cryptocurrency prices continued to drop overnight, [...]
Collective raises £6m with Silicon Valley NFX, amid growing demands for gig worker benefits July 14, 2021 Collection Benefits, a UK insurance tech startup, have raised £6m in a round led by a Silicon Valley venture fund, as the demand for insurance and benefits in the gig economy continues. The year-old insurance provider also announced the appointment of Pete Flint OBE, the co-founder of Lastminute.com and a general partner at NFX, as [...]
Face masks to remain compulsory on London Tube and buses July 14, 2021 Face masks will remain compulsory on London Tube and bus services despite the wider easing of lockdown measures under new plans unveiled by mayor Sadiq Khan. While the legal requirement to wear face masks will end on 19 July, the mayor said he was “not prepared to stand by and put Londoners, and our city’s [...]
‘The longest wait of my life’: Carlos Ghosn recounts Japan escape July 14, 2021 Former Nissan boss Carlos Ghosn has given his first account of his stunning escape from Japan by hiding in a box for storing musical equipment. In an interview with the BBC, Ghosn, who was arrested in 2018 for financial misconduct and spent most of a year under house arrest before escaping, recounted his flight. “The [...]
Biden infrastructure plan receives backing as Democrats support $3.5 trillion investment July 14, 2021 Leading Senate Democrats have provided Joe Biden’s new infrastructure plan with a big boost after they agreed on a $3.5 trillion investment plan that they aim to include in the budget resolution that is debated soon. Senate Majority Leader Chuck Schumer told reporters that “we have come to an agreement.” It came after two hours [...]
Assets under management swell $4.5bn at Ashmore July 14, 2021 Assets under management swell $4.5bn at Ashmore
Global investors snap up more than $800bn Chinese assets July 14, 2021 Investors around the world have bought more than $800bn Chinese stocks and bonds at a record pace, despite Beijing’s geopolitical rivalry with international states. Global investors have poured into Chinese markets, in spite of huge political tensions stemming from Beijing’s repression of Uyghurs in Xinjiang, erosion of Hong Kong freedoms, and battles with the US [...]
Upper Crust owner SSP’s boss to step down at end of the year July 14, 2021 Upper Crust and Ritazza owner SSP today said that chief executive Simon Smith would leave the firm at the end of the year. The firm said that Smith was departing to join a private equity-backed firm. SSP has started the search for a successor for Smith, who joined the business in 2014 and became chief [...]
