Twitter founder Jack Dorsey splashes £20bn on ‘buy now, pay later’ firm 

Twitter founder Jack Dorsey splashes £20bn on ‘buy now, pay later’ firm, making it the biggest ever buyout of an Australian company Jack Dorsey’s financial services firm Square has purchased Afterpay Afterpay’s stock stood at at just over A$12 (£8.64) in early 2020 But it was at A$114.80 (£86.62) last night while Square’s share price also rose … Read more

Fund administrator Sanne succumbs to £1.5bn private equity bid from industry giant Apex

Fund administrator Sanne succumbs to £1.5bn private equity bid from industry giant Apex The Jersey-based company is a member of the FTSE 250 index It said it would go with the suitor’s 920p-per share offer if it formalised its bid The news helped push shares up 7.6 per cent, or 64p, to 908p By Tom Witherow … Read more

Mortgage rates go lower as Halifax launches 0.9% loan… but is it the best deal around?

Halifax has launched the latest offensive in the mortgage price war, and is now offering a home loan with a record ultra-low rate of 0.9 per cent. The bank, which is part of the UK’s largest mortgage lender Lloyds Banking Group, has also brought out several other deals aimed at home movers with plenty of … Read more

Hollywood’s Sunset Studios chain has a new sister site – in Hertfordshire

Hollywood’s Sunset Studios has a new sister site – a £700m development in Broxbourne, Hertfordshire – the first the chain has built outside Tinseltown By Daily Mail City & Finance Reporter Published: 17:05 EDT, 1 August 2021 | Updated: 17:05 EDT, 1 August 2021 Hollywood’s Sunset Studios chain has a new sister site – in … Read more

RUTH SUNDERLAND: Easy pickings for buyout barons of private equity

RUTH SUNDERLAND: The question for City institutions is: if private equity can recognise hidden treasure chests buried in UK plc, why can’t they? Stingy valuation placed on certain UK companies has left them prey to the private equity crocodiles A study argued that more than 200 listed firms are vulnerable, including ITV, Marks & Spencer, … Read more

Ryanair boss Michael O’Leary could be flying towards an £85m payout

Ryanair boss Michael O’Leary could be flying towards an £85m payout despite pandemic turbulence By Daily Mail City & Finance Reporter Published: 16:50 EDT, 1 August 2021 | Updated: 16:50 EDT, 1 August 2021 Ryanair boss Michael O’Leary could be flying towards an £85m payout despite pandemic turbulence.  The businessman stands to bag the lucrative … Read more