Arm sells cybersecurity business to Tory donor’s private equity firm March 1, 2020 British chipmaker Arm has sold its cybersecurity division Trustonic to a private equity firm run by Tory party donor Edmund Lazarus. EMK Capital last week announced it had snapped up the cyber firm from Arm and Gemalto, a Dutch cyber firm now owned by Thales Group. Trustonic, which was was founded in 2012 as a [...]
Asda: Private equity firms race to buy majority stake March 1, 2020 Private equity firms are vying to buy a majority stake in Asda after its US owner Walmart decided to offload the supermarket following the competition watchdog’s decision to block its merger with Sainsbury’s. US buyout firm Lone Star has reportedly made an offer for a stake in the grocer, with private equity firms Apollo and [...]
Activist Elliott builds Twitter stake as it plots ousting of Jack Dorsey March 1, 2020 Activist investor Elliott Management has built up a stake in Twitter in a bid to oust the social media site’s founder Jack Dorsey as chief executive. The New York-based hedge fund, founded by billionaire Paul Singer, has nominated four directors to Twitter’s board, Bloomberg reported. Elliott is also said to be plotting the removal of [...]
Coronavirus: Government will not rule out quarantining entire cities March 1, 2020 Quarantining entire UK cities to deal with coronavirus has not been ruled out by the government, according to health secretary Matt Hancock. Hancock was asked this morning about extreme measures that could be taken to stop the spread of the Covid-19 virus. The health secretary said the government would publish its “battle plan” to combat [...]
Schroders set to change results reporting to woo City analysts March 1, 2020 Asset manager Schroders is reportedly changing how it reports results in a bid to highlight individual parts of its business to analysts. The Sunday Times reported that the move could result in a revaluation of the fund manager’s shares. It currently trades on a price-to-earnings multiple of 17 times, compared to fellow wealth manager St [...]
Joe Biden secures landslide victory in South Carolina primary March 1, 2020 Joe Biden’s campaign to reach the White House has been given a new lease of life after the Democrat secured a resounding victory in the South Carolina primary yesterday. Biden, who served as vice president under Barack Obama, emerged victorious in the vote, where Democrats decide which candidate they want to run against President Donald [...]
US agree deal with Taliban to end 18-year conflict February 29, 2020 The US has signed an agreement with the Taliban in an effort to bring peace to Afghanistan following 18 years of conflict. The agreement will see the US and its Nato allies remove all troops from the country within 14 months if militants uphold the deal. The signing in Doha, Qatar, was attended by Taliban [...]
Coronavirus UK: Three more people test positive as total number of cases hits 23 February 29, 2020 The number of people in the UK to have tested positive for coronavirus has increased to 23 after a further three cases were confirmed on Saturday. Two of the patients had returned from Italy while the other had traveled back from Asia, according to England’s chief medical officer Professor Chris Whitty. The cases are from [...]
UCL to force students to relocate mid-semester February 29, 2020 Top London university UCL is under fire this afternoon for forcing residents of a postgraduate residence hall to move out of their student accommodation – with no guarantee of where they will be moving to. Earlier this week students at Hawkridge House in Kentish Town were emailed informing them that “a decision has been made [...]
One in five FTSE 350 firms warned about gender diversity February 29, 2020 A fifth of FTSE 350 firms have been warned about the lack of gender diversity in senior positions. The Hampton-Alexander review has written to 63 companies asking how they plan to improve gender balance. The government-backed review wants to see a third of board-level roles at the UK’s top businesses held by women by the [...]
