Rivian: America’s next top model? November 26, 2021 In 2020, despite a global pandemic making it more difficult for anybody that wanted to grab a beer at the end of a long work-day, Anheuser-Busch – the makers of Budweiser and a whole range of other alcoholic drinks – brought home revenues of a cool $46bn. Listed in New York, its market cap stands [...]
Dan Loeb’s Third Point rakes in $300m profit from Rivian IPO November 24, 2021 Dan Loeb’s hedge fund Third Point was one of several winners from electric vehicle startup Rivian’s blockbuster US IPO earlier this month, scoring a $300m profit as it hit the market. Third Point’s stake in Rivian, whose $100bn IPO was the biggest market debut in the world this year, was accumulated over the last twelve [...]
Rugby in review: England’s year dissected November 24, 2021 Former Sale Sharks winger and 55-cap England back Mark Cueto, and City A.M.’s Matt Hardy, dissect Eddie Jones’ side across 2021. It’s been an extraordinary year for rugby. Initially empty stadiums, new found stars and the development of world class squads. For England though, it hasn’t all been plain sailing. So just how has this [...]
Two charts that show global supply chain issues could be starting to ease November 15, 2021 Supply chain issues that have weighed on the economic recovery are showing signs of easing as we approach the end of 2021. This could support growth, which slowed significantly in the third quarter, and provide at least a temporary tailwind for financial markets. For some time now, the global chip shortage has hampered the production [...]
All new cars will be net zero by 2040, says COP26 declaration November 10, 2021 Representatives from several governments, businesses and other automotive stakeholders have committed for all new car sales to globally be net zero by 2040. By signing the COP26 “declaration on zero emission cars and vans”, stakeholders have agreed that in leading markets the transition to environmentally conscious vehicles will need to happen no later than 2035, [...]
Car rental Hertz ups its share expectations ahead of relisting November 9, 2021 Shareholders of Hertz increased the size of their public offering of shares by 20 per cent, ahead of plans to relist on the Nasdaq.
Private equity and UK tech powering £8.4bn M&A tsunami on LSE’s AIM as deals jump 155 per cent November 8, 2021 The value of M&A deals on London’s Alternative Investment Market (AIM) has jumped 155 per cent to £8.4bn in 2020/21, compared to £3.3bn in 2019/20, according to new research shared with City A.M. this morning. The large rise in the value of AIM M&A deals this year is due in large part to a number [...]
LadBible doubles profits with digital ad growth November 7, 2021 The LadBible Group has had a record year, doubling profits to £4.1m on record sales of £30.2m ahead of a possible £400m flotation.
Trainline delivers strong recovery as passenger numbers go up November 3, 2021 Rail and coach technology platform Trainline has recovered strongly in the first six months of FY22, with revenue going up 151 per cent to £78m. The group’s net ticket sales have grown 179 per cent to £1bn, recovering 79 per cent of pre-pandemic times, the highest level since Covid-19 began. Trainline performed well also in [...]
Trainline delivers strong recovery as passenger numbers go up – CityAM : CityAM November 3, 2021 Rail and coach technology platform Trainline has recovered strongly in the first six months of FY22, with revenue going up 151 per cent to £78m. The group’s net ticket sales have grown 179 per cent to £1bn, recovering 79 per cent of pre-pandemic times, the highest level since Covid-19 began. Trainline performed well also in [...]