Manchester United and Juventus shares rise on European Super League announcement April 19, 2021 Shares in Manchester United (MANU) and Juventus (JUVE) rose on Monday following the announcement of plans for a European Super League. Both clubs were confirmed on Sunday night as one of 12 founder members of the breakaway competition, which could replace the Champions League as soon as next year. Shares in United were up more [...]
Bitcoin consolidates, Ethereum sets new all-time high, XRP more than doubles April 12, 2021 Bitcoin consolidates, Ethereum sets new all-time high and XRP more than doubles as crypto rides high.
Soho House takes first steps towards New York listing April 8, 2021 Soho House has taken the first step towards a New York stock market listing that would see the business valued at more than $3bn. The private members club has submitted a confidential filing for an initial public offering (IPO) in New York, Sky News first reported. The filing is the first formal step towards a [...]
Buy the dip: Deliveroo gets bump from retail investors keen to get a slice of the pie April 7, 2021 Retail investors appear not to have lost their appetite for Deliveroo, with investors today pushing the price of Deliveroo stock close to where it first debuted on the London Stock Exchange. By mid-afternoon on Wednesday the price of Deliveroo was up around two per cent, trading at around £2.86, down from £2.87 at its market [...]
Deliveroo strike: Riders take action over pay and working conditions April 7, 2021 Deliveroo riders across the UK are on strike today over their pay and working conditions, on the same day as the food delivery app’s first full day of trading on the London Stock Exchange. The industrial action, which has been organised by the couriers and logistics branch of the Independent Workers’ Union of Great Britain, [...]
Screenshot: Will London ever be ready for tech IPOs? April 2, 2021 This week **Media Moment of the Week: Volkswagen’s awkward U-turn **Will London ever be ready for tech IPOs? **Amazon goes bonkers for bots Media Moment of the Week: Volkswagen’s awkward U-turn There are few things as grating as the forced joviality of April Fool’s Day and it should, in this writer’s opinion, be cancelled. That [...]
Online learning platform Coursera jumps on US stock market debut March 31, 2021 Shares in online learning company Coursera surged by almost a fifth following their debut on the New York Stock Exchange today, valuing the company at more than $5bn (£3.6bn). Coursera, which offers online courses from top universities and companies, opened at $39 per share this afternoon — 18 per cent above its IPO price of [...]
City watchdog to consult on changing listing rules for SPACs March 31, 2021 The City regulator has announced it will launch a consultation on changes to London’s listing rules to provide more investor protection in blank-cheque vehicles. The Financial Conduct Authority (FCA) today said it will consider introducing a minimum market capitalisation and redemption option for investors. “Our proposals will help to ensure that SPACs operate within a [...]
Cazoo confirms it will go public in merger with US SPAC March 29, 2021 Cazoo has agreed to a deal with a New York-listed SPAC in a deal which values the online used car platform at $7bn. The company, which was founded by serial entrepreneur Alex Chesterman in 2018, will merge with Ajax I, a blank-cheque vehicle led by billionaire investor Dan Och. The deal, which will see Cazoo [...]
British electric vehicle startup Arrival secures $13.6bn valuation in New York March 26, 2021 British electric van and bus startup Arrival secured $13.6bn (£9.87bn) valuation upon its listing in New York yesterday, despite being yet to begin production. The firm, which is yet to turn a profit, went public on Nasdaq yesterday, raising around $660m in gross proceeds to ramp up the delivery of its electric vehicles and expand [...]