Bitcoin within touching distance of all-time high following successful ETF launch – CityAM : CityAM October 20, 2021 Bitcoin is currently hovering just below record levels, the day after ProShares rung the bell on the first ever Bitcoin futures exchange-traded fund in the US, which has now officially launched on the New York Stock Exchange. The leading cryptocurrency is currently up three per cent over the past 24 hours, changing hands for just [...]
WeWork to trade from Thursday after BowX merger October 20, 2021 Office-space provider WeWork is expected to start trading on the New York Stock Exchange from Thursday after a $9bn merger with special-purpose acquisition company (Spac) BowX Acquisition. As reported by the Financial Times, WeWork’s $9bn market evalutation is a fraction of the initial $47bn at which was listed before tanking its initial listing in 2019. [...]
A celebration of European tech takes over central London October 15, 2021 European tech stars lit up London’s Park Lane last night, as the continent’s leading investors and entrepreneurs gathered at the Hilton Park Lane hotel for the 19th Annual Investor Allstars awards ceremony. Hosted by Charlotte Hawkins, Europe’s most glamorous tech awards ceremony was back in full force. The event convened over 600 of the most [...]
Bank bigwig warns of potential for “massive” crypto crash October 14, 2021 A BANK of England grandee has called for cryptocurrencies to be regulated as a “matter of urgency,” warning that a “massive” market crash is a realistic scenario. Sir Jon Cunliffe, the Bank’s deputy governor for financial stability, said that crypto volatility poses a rapidly growing threat to the world economy. A crash would have the [...]
WeWork losses cast shadow over $9bn listing October 10, 2021 WeWork is set to report a loss of $1.5bn (£1.1bn) for this year, weeks before the company’s planned $9bn listing on the New York Stock Exchange, according to reports. City A.M. understands that the flexible office-space provider first made investors aware of its expected losses in an earnings report in August and again in an [...]
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
Where to eat, drink and sleep in Manchester this Tory conference October 2, 2021 Conservative Party Conference, which starts tomorrow, is a useful opportunity for the London bubble dwellers amongst us to be reminded of the promise beyond the M25. It sometimes feels as if Manchester is more familiar to football-crazy kids in the Far East than to denizens of this country’s capital city. So for out of the [...]
Newspaper tycoon Lord Rothermere has until 28 October to make £800m Daily Mail offer September 30, 2021 Since negotiations are taking longer than expected, newspaper tycoon Lord Rothermere has been granted a one-month extension to make an offer for the group behind the Daily Mail, Mail on Sunday and Metro newspapers. A previous deadline was set for today but negotiations with the pension trustees at the Daily Mail and General Trust (DMGT) [...]
Chinese Uber rival Didi’s users drop by 30 per cent after US IPO saga – CityAM : CityAM September 16, 2021 Chinese ride-hailing giant Didi has lost 30 per cent of its app’s daily users since its $4.4bn IPO in New York at the end of June, in the latest blow to the company following Beijing’s harsh regulatory crackdown for an alleged data breach. Didi’s average daily users plunged to 10.9m in August from 15.6m in [...]
Ronaldo debut set to be must-see viewing on Wall Street September 11, 2021 Analysts expect Cristiano Ronaldo’s debut this weekend to be must-see viewing for New York investors – with a strong showing potentially giving Manchester United’s share price a boost. The football club’s share price rose sharply on the New York Stock Exchange when the return of the club legend was announced. And with success on the [...]