Pub operator Fuller, Smith & Turner raises £54m through share placing March 31, 2021 Pub operator Fuller, Smith & Turner raised nearly £54m today after completing a share placing in a bid to bolster its books. The pub and hotels company said a total of 6,455,447 placing shares had been placed by its bookrunner Numis at 830 pence per share. It represents approximately a fifth of the company’s shares [...]
Apple leads $50m funding round in record label disruptor United Masters March 31, 2021 Apple has led a $50m (£36m) investment in United Masters, an independent music platform aiming to challenge the dominance of major record labels. United Masters, which was founded in 2017 by former label executive Steve Stoute, provides a platform for artists to distribute their music while retaining ownership of their master recording rights. This is [...]
China mulls new exchange for overseas-listed firms March 31, 2021 China is in early talks to establish a new stock exchange for overseas-listed firms as it looks to lure tech heavyweights. China has two main onshore exchanges in Shanghai and Shenzhen which have the same rules governing IPOs and non-initial listings. This is in contrast to other leading bourses including Hong Kong’s which offers waivers [...]
Wall Street dips on tech sell-off after FTSE 100 closes higher March 30, 2021 Wall Street closed in the red today following a sell-off of tech stocks as US Treasury yields hit a 15-month high. The S&P 500 and Dow Jones both dropped 0.3 per cent, while the Nasdaq slipped 0.1 per cent. It came after the FTSE 100 pushed higher following a volatile start to the week as [...]
Fortnite maker complains of Apple’s ‘anti-competitive’ behaviour to UK watchdog March 30, 2021 Fortnite maker Epic Games has complained to the UK’s markets watchdog today over Apple’s ‘anti-competitive’ rules, after a spat that led to the game being banned from the App Store last year. Epic took its competition complaint to the Competition and Markets Authority (CMA), claiming Apple exercised unfair control over app makers. Last August, Fortnite [...]
MasterChef: The Professionals winner Alex Webb’s top 5 London restaurants March 29, 2021 With restaurant terraces set to reopen from 12 April and socially distanced indoor dining following on 17 May, Londoners will be clamouring to enjoy eating out once again. So who better to recommend some of the best fine dining spots the capital has to offer than current MasterChef: The Professionals champion Alex Webb, who at [...]
Bitcoin has a spring in its step after weekend consolidation March 29, 2021 Bitcoin has a spring in its step after a weekend consolidation and sideways movement bring volume into Monday's market.
A New Domaine – An Interview With Michael Baum March 27, 2021 After the IPO of his billion-dollar ‘unicorn’, Splunk, Michael Baum spent two years working on the investor side, for Silicon Valley venture capital firms. But he found it all a bit repetitive. “Every entrepreneur who walked through the door said: ‘I want you to help me create the next Splunk.’ But I thought, I’ve already [...]
Screenshot: Will workers’ rights put a puncture in Deliveroo’s IPO? March 26, 2021 This week **Media Moment of the Week: Farewell to the real McCoy **Will workers’ rights put a puncture in Deliveroo’s IPO? **A watchdog bares its teeth Media Moment of the Week: Farewell to the real McCoy In a shock bit of transfer news this week, BBC presenter Simon McCoy announced he was leaving the Beeb [...]
Post-Brexit City must be freed from European-style over regulation March 26, 2021 It has always been perceived wisdom that it was greedy bankers to blame for the financial collapse of 2008/9. The truth, however, is very different. Looking back, years of Establishment “too big to fail” support for uneconomic banking and financial institutions which began in the 1970s and culminated in the Greenspan intervention to save markets [...]