13 April

Sticky

Grab to unveil world’s biggest SPAC merger, valued at nearly $40 billion – sources By Reuters

Posted by admin

in News

By Anshuman Daga SINGAPORE (Reuters) -Southeast Asia's biggest ride-hailing and food delivery firm Grab Holdings will announce as early as Tuesday a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing, four people told Reuters. The merger, which will be the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion fundraising in 2020. Singapore-based Grab's agreement with a special purpose acquisition company (SPAC) backed by...

13 April

0 Comments

Sticky

Plus500 reports record customers but fall in revenue By Investing.com

Posted by admin

in News

By Samuel Indyk Investing.com – Plus500 (LON:PLUSP), the FTSE 250 listed trading platform, today announced a quarterly drop in revenue, although that was offset by a record number of active customers. Revenue was just $203.2 million in the first quarter of 2021, down 36% from $316.6 million during the same period a year ago. EBITDA was down 47% to $121.7 million. Despite a decline from the same period a year ago, revenue increased 121% from Q4, which the company says was driven by continued attractive trading conditions, supported by the high quality and resilience of Plus500’s...

13 April

0 Comments

Sticky

Britain to use Brexit “flexibility” to make City of London more attractive By Reuters

Posted by admin

in News

By Huw Jones LONDON (Reuters) - Britain will use its freedom from European Union rules to regulate markets flexibly and make the City of London even more attractive to global investors, the Financial Conduct Authority said on Tuesday. Britain's financial sector has been largely cut off from the bloc since full Brexit on Dec. 31, with no sign of increased direct access any time soon as the EU builds up capital market autonomy in stock and derivatives trading. Nausicaa Delfas, who heads up the FCA's international division, said Britain's financial market has entered a "new phase",...

13 April

0 Comments

Sticky

AstraZeneca shot is good if safety issues can be overcome, U.S. official Fauci says By Reuters

Posted by admin

in News

LONDON (Reuters) -U.S. infectious disease official Anthony Fauci said AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine had good efficacy, but safety concerns needed to be straightened out and it might not be needed for Americans because of supplies of other shots. "I think that the AstraZeneca vaccine from a standpoint of efficacy is a good vaccine, and if the safety issue gets straightened out in the European Union ...

13 April

0 Comments

Sticky

Denmark charges another six, from U.S., UK, over tax fraud scheme By Reuters

Posted by admin

in News

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) - Denmark's state prosecutor said on Tuesday it had charged six people from the United States and Britain with defrauding Danish tax authorities of more than 1.1 billion crowns ($176 million) in a sham trading scheme. The charges against three U.S. and three British citizens are connected to the so-called "cum-ex" trading schemes, in which the Danish state has lost more than 12.7 billion crowns in total. In January, Denmark charged two UK citizens, bringing the total number of people charged to eight. They are suspected of running a scheme that...

13 April

0 Comments

Sticky

Dassault confirms fighter deal with Airbus, urges Berlin support By Reuters

Posted by admin

in News

PARIS (Reuters) - The head of France's Dassault Aviation confirmed on Tuesday it had reached a "balanced" deal with Airbus on the future of the FCAS combat jet and urged the German parliament to back Europe's largest defence project. Chief Executive Eric Trappier said he had been surprised to learn that Airbus Defence & Space CEO Dirk Hoke was leaving the European group, and praised his record in reaching an agreement following months of "difficult discussions" over FCAS. Airbus said on Monday that Hoke and another top executive planned to leave in July, triggering...

13 April

0 Comments

Sticky

Goldman Sachs to open office in Birmingham in UK By Reuters

Posted by admin

in News

LONDON (Reuters) -Goldman Sachs said on Tuesday it would open a new office in the English city of Birmingham, expanding its office footprint in Britain at a time when many rivals are reducing space due to the pandemic. The bank said the first staff would begin working in the new office in the third quarter of this year, with headcount growing to several hundred over time. Goldman said its engineering division would be the first to base staff in Birmingham through a mix of hiring and transfers. The U.S. banking giant's CEO David Solomon has been...

13 April

0 Comments

Sticky

Credit Suisse to pay out another $1.7 billion of Greensill-linked fund assets By Reuters

Posted by admin

in News

ZURICH (Reuters) - Credit Suisse (SIX:CSGN) has made further progress in winding down funds connected with Greensill Capital and is able to distribute another $1.7 billion to investors, the bank said on Tuesday. The payout takes the total distribution so far to $4.8 billion, the bank said. ...

13 April

0 Comments

Sticky

FTSE 100 falls on stronger pound, weak oil stocks; Babcock jumps By Reuters

Posted by admin

in News

By Devik Jain (Reuters) -London's FTSE 100 fell on Tuesday, dragged lower by losses in export-oriented stocks and energy firms, while Babcock International surged on its proposed restructuring plans. Shares of the British engineer jumped 25.1% to the top of FTSE 250 index after it unveiled a restructuring plan that included divesting certain businesses. JP Morgan upgraded the stock to "overweight". The domestically focussed mid-cap index inched 0.1% lower. The blue-chip index edged down 0.2%, with large dollar-earning consumer staples companies Unilever (LON:ULVR), Diageo (LON:DGE) Plc, and British American...

13 April

0 Comments

Sticky

Some investors lukewarm on China’s Ant Group if IPO is revived after revamp By Reuters

Posted by admin

in News

(Refiles to fix erronously deleted reference to IPO in headline) By Ross Kerber and John McCrank BOSTON/NEW YORK (Reuters) -China's regulatory-imposed revamp of Jack Ma's Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to revive what would have been the world's biggest IPO. The overhaul comes two days after affiliate Alibaba (NYSE:BABA) Group Holding Ltd, which owns around a one-third stake in Ant, was hit with a record $2.75 billion antitrust penalty as China tightens controls on its internet giants. Several...

Меню

News

Grab to unveil world’s biggest SPAC merger, valued at nearly $40 billion – sources By Reuters

Plus500 reports record customers but fall in revenue By Investing.com

Britain to use Brexit “flexibility” to make City of London more attractive By Reuters

AstraZeneca shot is good if safety issues can be overcome, U.S. official Fauci says By Reuters

Denmark charges another six, from U.S., UK, over tax fraud scheme By Reuters

Dassault confirms fighter deal with Airbus, urges Berlin support By Reuters

Goldman Sachs to open office in Birmingham in UK By Reuters

Credit Suisse to pay out another $1.7 billion of Greensill-linked fund assets By Reuters

FTSE 100 falls on stronger pound, weak oil stocks; Babcock jumps By Reuters

Some investors lukewarm on China’s Ant Group if IPO is revived after revamp By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV