Remote work will free reluctant city dwellers and reinvigorate London January 24, 2022 London has been the cradle of dreams and ambition for a long time. It is more than 600 years now since Dick Whittington left Gloucestershire to seek his fortune in the capital, rising to become lord mayor for the first time in 1397. Faint echoes of his journey remain with us all today: how many [...]
British fintech Revolut launches in-app US stocks trading January 19, 2022 UK fintech Revolut has launched commission-free stock trading in the US in a bid to compete with online brokerages including Robinhood.
China demands more from firms plotting overseas listings December 25, 2021 China’s financial watchdog laid out a raft of new oversight provisions yesterday, tightening rules on firms plotting overseas listings. The China Security Regulatory Commission (CSRC) plans to expand its oversight of offshore listings to those firms using variable interest entity structures, popular with firms who have undertaken recent overseas listings. The CSRC said it was [...]
Victory for Lord Rothermere: End of an era as Daily Mail group exits London Stock Exchange after listing nine decades ago in 1932 December 22, 2021 The Daily Mail’s biggest shareholder – Lord Rothermere – is heading for victory in his bid to take the Daily Mail group private as the company will be delisted from the London Stock Exchange after almost 90 years. The newspaper tycoon made a “final” offer to investors in Daily Mail & General Trust (DMGT) earlier [...]
Microchip maker Imagination on the verge of London listing after board reshuffle December 19, 2021 Chinese-owned Imagination Technologies gets one step closer to its London listing dream as a board reshuffle stifles concerns.
Is the party over for Tesla shares after their recent losses? December 17, 2021 While the Tesla share price remains in the stratosphere, there are several concerns looming on the horizon. The Tesla (NASDAQ: TSLA) share price has been volatile over the past few weeks. On 4 November, the electric vehicle (EV) stock hit a high of $1,230, before falling to $1,013 by 15 November. Then it rose to $1,157 a [...]
Rentokil’s shares plummet 13 per cent after pricey £5bn US expansion deal December 14, 2021 Rentokil's sahres have nosedived following a pricey acquisition of Terminix Global as it looks to swarm the US pest control market.
Crypto investment product offerings grow as regulators expect crypto market consolidation December 6, 2021 Data from CryptoCompare shows that the price of Bitcoin started last week at around $55,000 and mostly traded sideways throughout across the week before suddenly plunging over the weekend.
Triple whammy: SoftBank shares slide 3.5 per cent after rocky 24 hours for Didi, Arm and Grab investments December 3, 2021 Shares in Japanese conglomerate Softbank sank as much as 3.5 per cent today after three of its high-profile investments Didi, Arm and Grab were hit with setbacks in the last 24 hours. The investment giant’s shares dropped as low as 5,423 yen ($47.89) today, before settling slightly higher, but with losses of 23 per cent [...]
Didi prepares to delist in US and go public in Hong Kong December 3, 2021 Didi has started preparations to delist from the New York stock exchange and debut shares in Hong Kong as it bows to pressure from Beijing.