The pros, cons and incentives behind the SPAC-craze sweeping markets April 14, 2021 There have been 378 initial public offerings (IPOs) in the US in the first three months of 2021. That’s more than in any full calendar year between 2003 and 2019. The $139 billion raised so far this year is more than two and a half times the yearly average over this period. They already have [...]
UK GDP grows 0.4 per cent in February despite third lockdown restrictions April 13, 2021 The UK economy edged up 0.4 in February as it rebounded from a 2.2 per cent decline in January, the Office for National Statistics said this morning. Wholesale and retail trade sales picked up slightly, but consumer-facing services industries remained well below pre-pandemic levels. The services sector grew by 0.2 per cent. Output in the [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
Frasers Group to take £200m Covid hit over third wave concerns April 9, 2021 Mike Ashley’s Frasers Group, which owns Sports Direct and House of Fraser, expects to take a £200m hit due to coronavirus, and warned that further restrictions on retail are “almost certain”. Frasers Group said it anticipates a non-cash impairment of more than £200m in the value of its properties and other assets. The retailer said [...]
Theta network bring ‘real time’ NFTs to World Poker Tour April 8, 2021 Decentralised video delivery network Theta Labs have teamed up with the World Poker Tour® to launch the world’s first real-time NFT marketplace.
McLaren 620R review: road racer serves up raw driving thrills April 6, 2021 The McLaren 620R is a genuine race car for the road – and the ultimate iteration of the Sports Series before the new Artura arrives.
Teletubbies prank the crypto world with TubbyCoin joke – all for charity April 1, 2021 Popular kids’ TV show the Teletubbies gave a chuckle to the crypto community after charitable April Fool ruse.
Best of travel: Mauritius is paradise, but not as you know it April 1, 2021 While we wait for the world of international travel to reopen, we’re reposting classic travel stories from our archives. Today we revisit Steve Dinneen’s journey to Mauritius, the most unusual of tropical paradises. ••• Mauritius offers the cliched white sands and blue seas, but there’s more to discover at this most unusual of holiday destinations. [...]
We must help grassroots sport clubs at risk of collapsing April 1, 2021 While kids across the country could barely contain their excitement this week with the resumption of grassroots sport, the sad reality is that many local community clubs which bring opportunity, escape and structure to the lives of young people are on the brink of financial collapse. Over the last year, young people have felt the [...]
Players vow to scupper Silver Lake £235m bid for All Blacks commercial rights March 29, 2021 Several leading All Blacks and Black Ferns say they will veto Silver Lake’s bid for a stake in New Zealand Rugby (NZR). The US-based private equity giant has offered £235m for 15 per cent of NZR’s commercial rights, which the deal values at £1.5bn. If successful, it would be the latest investment by private equity [...]