After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
US dealmaking pushes global M&A to first-quarter high April 13, 2021 Global M&A is on course for a record-breaking year as pent up demand pushed deal-making to an all time high in the first quarter. The momentum seen in the latter half of 2020 has continued unabated with the M&A market surging in the first three months of the year. The number of deals is up [...]
To make Britain competitive globally, we must strip away regulatory red tape April 13, 2021 Last month, the UK’s Competition and Markets Authority (CMA) made a ruling which blocked the merger of the two British crowdfunding sites Seedrs and Crowdcube. This was wrong for a slew of reasons, not the least because Seedrs and Crowdcube are both tiny companies that should be below the regulatory radar. Both companies are currently [...]
Credit Suisse, Greensill and Archegos: how did it all go so wrong? April 12, 2021 Spare a thought as the week begins for Christine Graeff, the group head of corporate communications for Credit Suisse. The Swiss finance giant has lost billions of dollars in recent weeks in what has been branded a “disaster pile-up”. The basic cause is easy enough to diagnose: Credit Suisse provided financial backing for the the [...]
Bitcoin consolidates, Ethereum sets new all-time high, XRP more than doubles April 12, 2021 Bitcoin consolidates, Ethereum sets new all-time high and XRP more than doubles as crypto rides high.
Back in business: Lord Mayor kickstarts Square Mile reopening April 12, 2021 As the City officially reopened this morning, the Lord Mayor embarked on a tour of the businesses that have opened their doors after months behind shutters. While still noticeably quieter than pre-pandemic, it was heartening to see the City return to some kind of normalcy, with the streets busier than they have been for months. [...]
NFTs and the rise of crypto frauds April 12, 2021 With the rise in popularity of NFTs comes the inevitable rise in bad players looking to exploit the market.
City of London starts to reopen as Government eases lockdown restrictions April 12, 2021 The City of London Corporation has today (12 April) announced a string of events across the Square Mile, which will mark the reopening of some of its most iconic institutions and businesses, including non-essential retail, outdoor hospitality and leisure. As the Government’s roadmap to ease lockdown restrictions in England reaches its second step, Lord Mayor [...]
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 [...]
Pensionbee targets £384m valuation as it gears up for London float April 12, 2021 Pensionbee is targeting a valuation of up to £384m as it prepares to list on the London Stock Exchange later this month. In a filing today the fintech firm priced its initial public offering at between 155p and 175p per share, giving a market capitalisation of between £346m and £384m. It plans to raise £55m [...]
Vroom to Zoom: UK business travellers to cut flying after pandemic April 12, 2021 A majority of UK business travellers will fly less often when pandemic-related travel restrictions are lifted, a new survey from YouGov has found. As a result of the widespread adoption of videoconferencing technologies such as Zoom, 56 per cent of travellers said they would cut down on corporate travel. That’s the highest percentage of any [...]