Breaking New Ground: Homeless accommodation provider to float on London Stock Exchange
A homeless accommodation provider has announced its plans to float on the London Stock Exchange (LSE).
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September 24, 2020
A $2tn bite of the Apple: Another look at Apple overtaking the value of the entire FTSE 100
Following its $2tn valuation on 19 August, US tech behemoth Apple is now worth more than the whole FTSE 100 index, which comprises the UK’s 100 largest publicly listed companies. We take a further look at what this means for the technology sector and how Apple is beating the downward lockdown trend.
September 23, 2020
End of IP-“slow”?: The Hut Group halts London’s IPO lull with £4.5 billion flotation
Despite considering its options overseas, e-commerce retailer The Hut Group plans a London initial public offering (IPO) that would value it at around £4.5 billion, potentially the biggest listing of a British company in the UK since 2013.
September 23, 2020
Footing the Bill: Premier League clubs lose big without any fan-fare
After the Coronavirus pandemic forced the suspension of the 2019-20 Premier League season in March 2020, all games were stopped. This stoppage, only recently lifted in mid-June, led to massive financial losses for the clubs whose effects experts warn may be long-lasting should similar financial impediments occur in the 2020-21 season.
September 22, 2020
Designer Debt: New Look undergoes second debt restructure in as many years
Struggling high-street retailer New Look has converted £440m of debt to shares in the company in a debt-for equity swap. This is the company’s second debt restructuring since 2019. It has also taken the first step in securing lower rents by renegotiating its leases in a Company Voluntary Agreement (“CVA”).
September 21, 2020
Lock On Effect: Coronavirus infects the UK economy leading to symptoms of recession
Severe falls in economic output during the Coronavirus lockdown has caused the UK economy to contract by one-quarter.
September 21, 2020
The Building Blocks of a Commercial Empire: Lego set to open 120 new stores
The Danish toy manufacturer Lego has announced that it will open 120 new stores despite the effect of the coronavirus pandemic on high-street stores.
September 17, 2020
Speeding up the Process: Covid-19’s Impact on a struggling Japanese economy
Covid-19 has hit economies around the globe with an unprecedented slowdown in trade and consumption, and Japan’s economy was no exception. Japan experienced a fall in GDP of 7.8% in the period from April to June, the country’s worst contraction on record.
September 14, 2020
Flying Low and Flying High: Virgin Atlantic on a financial rollercoaster
Last month, Virgin Atlantic was desperately trying to get creditors to agree to reductions and instalment repayments to avoid running out of money and entering administration. It has emerged that the High Court has approved the company’s £1.2bn rescue package based on evidence that the airline would be bankrupt by the end of September without support.
September 13, 2020
Redundancy LLP: Law firms bite the bullet on pandemic costs
As COVID-19 continues to affect businesses around the world, law firms are beginning to ramp up cost-cutting measures with the announcement of redundancies.
September 12, 2020