Now the fog has lifted, the UK’s post-Brexit future looks bright February 26, 2018 In the 18 months following the Brexit referendum, the forecasts from the Treasury, the Bank of England, the IMF, and the OECD were proven wrong. The predicted recession, higher unemployment and a list of other calamities did not happen. Nobel Prize winning economist professor Paul Krugman described the analysis from the Project Fear propagandists as [...]
Coinbase launches bitcoin tool for shops and businesses to accept cryptocurrency payments February 15, 2018 Having trouble spending your bitcoin? Despite the cryptocurrency boom, using it to pay for goods is far from mainstream. But there’s one startup that is looking to change that. Cryptocurrency exchange Coinbase has launched a new tool to make it easier for shops and other businesses to accept payments directly in bitcoin, ethereum, litecoin and [...]
Deliveroo IPO could be on menu with star tech startup said to be eyeing 2019 float February 11, 2018 An IPO could be on the menu for one of the UK's most high profile and fastest growing tech startups. Deliveroo has appointed PwC to evaluate is strategic options, the Sunday Times reports, with a float in either London or New York being considered for 2019. Founder Will Shu, formerly an investment banker, has previously [...]
Ping pong king Adam Breeden plots stock exchange float in next five years February 5, 2018 Bounce founder Adam Breeden has said he wants to put his company on the London or New York Stock Exchange in the next five years. Breeden, who also co-founded darts bar Flight Club and is bringing a minigolf concept calledPuttshack to London this year, said that the rate at which the business was growing made [...]
Nick Jones’s Soho House primed for $2bn float on New York Stock Exchange February 4, 2018 Private members' club giant Soho House is plotting a $2bn (£1.4bn) float on the New York stock market. Founded by entrepreneur Nick Jones, the network of clubs, restaurants and workspaces has sites across the world, with recent additions including the City's new hotspot The Ned. The company has now hired bankers from JPMorgan and Goldman [...]
Intercontinental Exchange ups stake in Euroclear | City A.M. February 2, 2018 Intercontinental Exchange (Ice) has increased its stake in Euroclear, Europe’s biggest settlement house for securities, to 10 per cent. The US-based firm bought more shares from members of the consortium of banks that own group, building its stake in the financial infrastructure group. The Financial Times first reported the purchase. The Ice bought a €275m [...]
Spotify is a sure hit as it pursues New York initial public offering January 31, 2018 With Spotify reportedly planning on floating on the New York Stock Exchange this spring, it’s a good time to look at how consumers view the brand in the UK. The music streaming service’s impact and growth over the past decade is impressive, all the more so as there haven’t been many global internet successes out [...]
C: Citi shares rise after it takes humongous $22bn Trump tax hit but beats underlying earnings expectations January 16, 2018 Citigroup today announced an enormous $22bn (£16bn) charge from Donald Trump’s tax changes which pushed the US bank to its first loss since 2009, but distracted from otherwise above-expectations results. Banks with earnings overseas have been forced to account for a fundamental change to the way in which the US taxes profits. A tax credit [...]
London on Saudi Aramco listing shortlist along with Hong Kong and New York say reports January 11, 2018 London has made it onto the shortlist for potential listing venues for Saudi Aramco, as the state-backed oil giant looks to list in late 2018, according to reports. New York and Hong Kong are also on the shortlist, with a dual- or even triple-listing on the cards, according to Reuters. Saudi Arabia’s Tadawul exchange will [...]
Bitcoin futures being considered by Deutsche Boerse after Chicago success December 14, 2017 The operator of the German stock exchange could be the next to launch a bitcoin futures after their success on the Chicago exchange. A spokesperson for Deutsche Boerse told German media: “We are thinking about futures, with which private investors and institutional investors can protect existing investments in bitcoin or set for falling prices of [...]