Vice Media’s online food brand Munchies is to expand its physical presence with a food hall venture August 21, 2018 Munchies, the online food channel owned by Vice Media, is to expand its presence in the physical world. The publisher has agreed to a brand licensing contract for a food hall at American Dream Meadowlands, a retail complex an under construction in New Jersey. Agreed between the online brand and the centre owner, Triple Five [...]
Luxury retail app Farfetch is heading to Wall Street for a multi-billion dollar listing August 20, 2018 E-commerce marketplace Farfetch, which is based in the UK and specialises in luxury brands and high-end fashion, today filed an intention to list on the New York Stock Exchange. No details were given on the amount it expects to raise or the offer price per share, however analytics firm Pitchbook valued the listing to take [...]
A-Team Mission: Make Bitcoin Mainstream August 14, 2018 What if Microsoft came together with Starbucks and the New York Stock Exchange (NYSE) on a mission to take Bitcoin mainstream? A strong enough signal that cryptocurrencies are going mainstream? Well they have! Resulting in a new platform dubbed Bakkt. Meanwhile what's the significance of the first international scientific conference, backed by the first peer-reviewed [...]
Spotify’s (SPOT) results get a rocky reception, as it hits subscriber growth at a €394m expense | City A.M. July 26, 2018 In its second financial report since going public, Spotify confirmed expectations that it won’t be profitable any time soon. The music streaming app, which listed on the New York Stock Exchange directly in April, revealed €1.27bn (£1.13bn) in revenue across its second quarter this afternoon, up 26 per cent year-on-year and in line with analyst [...]
UK adtech startup Mirriad signs deal with Chinese behemoth Tencent | City A.M. July 26, 2018 London-based video-advertising technology startup Mirriad has today signed a deal with Chinese media giant Tencent. The deal will utilise Mirriad’s in-video tech to place ads in online video content, even once its in post-production. City A.M. understands that staff from Mirriad will join and pitch with Tencent’s advertising teams as part of the deal, from [...]
Will Bitcoin make it? July 18, 2018 Questions still surround bitcoin. After all, the digital currency experienced wild highs and outrageous lows in 2018 — its value has risen above US $19,000 and sunk below $6,000 per coin. The first question might be which version of bitcoin to focus on. Besides bitcoin’s initial incarnation, there are the products of bitcoin’s various hard [...]
Unilever shares drop as position in the FTSE looks uncertain June 14, 2018 Unilever has said it is unlikely to remain in the FTSE indexes after its planned move to a single headquarters in Rotterdam. Under plans announced in March, Unilever will ditch its dual-structure system, abandoning London in favour of The Netherlands. At a presentation today, chief financial officer Graeme Pitkethly said the company was "extremely unlikely" [...]
City watchdog Andrew Bailey defends controversial rules to clear way for Saudi Aramco London listing June 11, 2018 The top financial watchdog has split the City with controversial changes to listing rules which could allow Saudi Aramco to list in London, but Financial Conduct Authority (FCA) boss Andrew Bailey insists the reforms will raise standards. From July the regulator will create a new category with less strict requirements within its “premium” rules for [...]
City watchdog to reveal decision on Saudi Aramco listing category – six months late June 3, 2018 The Financial Conduct Authority (FCA) will this week unveil its decision on plans to offer a new listing category in a bid to attract Saudi’s massive oil company Aramco to list in the UK – six months later than initially planned. The City watchdog will announce its response to a consultation on a “premium listing” [...]
Cloud computing software firm Maestrano announces £12m float on London Stock Exchange May 29, 2018 Open cloud business integration platform Maestrano is to announce its intention to float on the Alternative Investment Market (Aim) of the London Stock Exchange today, with its market capitalisation at the point of admission coming in at £12m. Grant Thompson LLP has been appointed as a nominated adviser, with Arden Partners as sole broker to [...]