Exclusive: Lime sets eyes on future US IPO, but timeline still unclear July 12, 2022 US electric bike and scooter company Lime continues to have its eyes set on becoming a public listed company, but London looks set to miss out on the float. “We are always working to be in a position in which we would be ready,” Lime’s president Joe Kraus told City A.M. during an exclusive interview. [...]
The era of steady growth and inflation is over, BlackRock warns July 11, 2022 The world’s biggest asset manager BlackRock said today the era of steady growth and inflation was over as it revealed it had slashed its exposure to developed market equities and was bracing for extended period inflation and volatility.
Doceo’s Weekly 360 – the week’s news and views in the words of the companies and the professionals July 11, 2022 A unique mandate Fourth Annual Report from fintech investor Augmentum Fintech (AUGM). Chairman Neil England wrote: “The Company’s portfolio of investments has again performed very well with an increase in Net Asset Value (NAV) per share after performance fee of 19.0%. However, the share price and total shareholder return do not reflect the strong performance [...]
Amazon expects record sales as cash-strapped Brits turn to Prime Day for big ticket purchases July 11, 2022 Amazon is anticipated to smash sales records as cash-strapped Brits turn to the e-commerce titan for its blockbuster Prime Day. Last year, sales during the discount bonanza hit a new record, raking in $11.2bn. Now, the e-commerce giant will be hoping more discount-hungry shoppers than ever will be seeking out the best deals from Tuesday, [...]
Delayed: Ministers postpone decision on first new coal mine in 30 years July 6, 2022 The government has postponed a decision over whether to approve a new coal mine for steel production in Cumbria.
Chairman of abrdn’s Chinese investment vehicle blames ‘zero-Covid-19’ policy for collapsing returns July 6, 2022 The chairman of abrdn’s Chinese investment vehicle has pinned collapsing returns on Beijing’s controversial ‘zero-Covid-19’ stance and geopolitical woes. While the country is still considered to have significant growth prospects in the long-term, returns on assets in the country have plunged 23 per cent in the six months to 30 April, reversing a nearly 19 [...]
Kwarteng backs steel tariffs and labels the crisis-hit sector as a ‘strategic’ industry June 28, 2022 Steel is an important "strategic industry" argued Business Secretary Kwasi Kwarteng, defending the governm
Stock markets look weak as price of Bitcoin fights to stay above $20,000 June 22, 2022 The price of Bitcoin saw a drop overnight and is down five per cent this morning, holding just above $20k.
Western sanctions struggle to hit Russian revenues, reveals IEA report June 15, 2022 Higher crude oil and fuel prices allowed Russian revenues to climb in May, revealed the International Energy Agency in its latest report.
Watch out Apple: London’s smartphone maker Nothing reveals fresh model following £166m Alphabet funding June 15, 2022 London tech start-up Nothing unveiled the design of its debut smartphone this morning after securing more than $200m (£166m) in funding from the likes of Alphabet’s venture capital arm EQT Ventures.