Drax boss: We need to go further on carbon storage to hit net-zero commitments January 29, 2021 Tackling climate change requires global collaboration. As a UK-US sustainable energy company, with communities on both sides of the Atlantic, we at Drax are keenly aware of the need for thinking that transcends countries and borders. Joe Biden becomes the 46th President of my native country at a crucial time, ensuring there is global leadership [...]
Elon Musk brands shorting stock a ‘scam’ following GameStop trading restrictions January 28, 2021 Redditors: We'll 'burn Robinhood to the ground' after Gamestop trading restricted
Striking a chord: How music rights firms serenaded the stock market January 23, 2021 Anyone who has the misfortune to monitor news updates on the London Stock Exchange will know the name Hipgnosis. Less than a month into 2021, the gauchely-named company has already issued nine wordy announcements. They are not, however, the usual trading updates or dry regulatory disclosures. Instead, Hipgnosis has been on a relentless acquisition spree [...]
London leads global finance rankings in new benchmarking research January 22, 2021 New figures published today [22 January] by the City of London Corporation, show that, London continues to hold the top spot for financial and professional services, when compared to other global destinations, including New York, Singapore, Hong Kong and Frankfurt. The benchmarking research, entitled “Our global offer to business: London and the UK’s competitive strengths in [...]
Outgoing Trump official warns of China telecoms threat January 21, 2021 A top official in the departing Trump administration has issued a stark warning over the threat of Chinese espionage to US telecoms networks and internet freedom. Ajit Pai, who stepped down as chair of the Federal Communications Commission (FCC) this week, said Beijing-backed spying was the biggest threat to national security facing regulators over the [...]
Blackrock sells $200m China Telecom stake after US ban January 15, 2021 Blackrock has offloaded almost all of its stake in China Telecom at a significant discount following a new ban on US investment. China Telecom is one of a number of tech firms subject to a Trump administration executive order blocking American investors from owning companies deemed to have links with the Chinese military. The move [...]
NYSE reverts to original plan to delist Chinese telecoms firm January 6, 2021 The New York Stock Exchange has announced it will move forward with plans to delist three Chinese telecoms giants just days after u-turning. The exchange will remove US-traded shares of China Telecom, China Mobile and China Unicom “to comply with US law,” it said on Wednesday. The NYSE originally announced its delisting plans last week [...]
We need more crypto companies to IPO to increase digital asset scrutiny and adoption January 6, 2021 As a publicly listed digital asset trading business, the recent announcement of Coinbase’s IPO has naturally put a spotlight on us at Voyager Digital and we welcome their move as it will improve trust, transparency and above all, adoption of digital assets. It is imperative that the crypto asset space ups its game as there’s [...]
New York Stock Exchange scraps plans to delist Chinese telecoms firms January 5, 2021 The New York Stock Exchange has scrapped plans to delist three Chinese telecoms stocks in a shock U-turn. In a statement last night the exchange said it would no longer go ahead with plans to remove China Mobile, China Telecom and China Unicom Hong Kong from its index. It said the decision came “in light [...]
Airbnb targets $35bn valuation in blockbuster float December 1, 2020 Airbnb is targeting a $35bn (£26bn) valuation in what is set to be one of the final blockbuster stock market listings this year. In a filing today the holiday rental firm said it will look to raise up to $2.6bn from its initial public offering on the Nasdaq exchange, which is set to take place [...]