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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
Online car dealer Cazoo hits £8m in profits as it prepares for US listing thanks to a seven-fold increase in sales By City & Finance Reporter for the Daily Mail Published: 17:10 EDT, 2 August 2021 | Updated: 17:10 EDT, 2 August 2021 Founder of Cazoo, Alex Chesterman (pictured) Cazoo has turned a profit, preparing … Read more
Boss of US private equity firm hoping to snap up Morrisons is hired to head up UK Government Investments By City & Finance Reporter for the Daily Mail Published: 17:09 EDT, 2 August 2021 | Updated: 17:09 EDT, 2 August 2021 The partner in a major private equity firm has been appointed by the Treasury … Read more
The BoE could raise interest rates earlier than expected in the face of soaring in inflation, says HSBC boss CFO Ewen Stevenson predicts the base rate could start moving from mid-2022 The raise in interest rates would be welcomed by long-suffering savers The Bank of England slashed interest rates to a record low of 0.1% … Read more
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
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
Energy costs hit highest level for more than two years and experts warn price cap could surge £150 this week, pushing more households into debt The energy price cap is expected to increase by £150 this week Suppliers have hiked the cheapest deals by £180 in a year Households urged to take action and switch … Read more
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: 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 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