14 October 2019 - 20 October 2019

16th October 2019

Neil Woodford’s Investment Funds

Neil Woodford was sacked from his flagship Equity Income Fund on Tuesday (15th October) by administrators. Angered by the decision, he subsequently announced that his last two remaining investment vehicles would be wound down, bringing an end to his investment fund empire which once managed £14 billion at is peak. The downfall of Woodford largely stems from his poor investment decisions, having opted to invest in poorly performing […]
16th October 2019
Sports Betting

US Sports Betting Market

Earlier this month, it was announced that Flutter Entertainment, the new name for Paddy Power Betfair, will be merging with its competitor, the Star Group, which owns Sky Bet. The deal will be worth around £10 billion and will create the world’s biggest online betting group. This merger was influenced by the rapid expansion of the sports betting market after the US Supreme Court ruled in favour of […]
16th October 2019

Uber’s Expansion into the Online Grocery Market

Last week, Uber announced plans to acquire Cornershop, the largest home delivery platform in Mexico and Chile, with an additional presence in Peru and Toronto. For a fee. Cornershop delivers goods from Costco, Walmart and bakeries to customers in around 90 minutes. The deal is expected to close in early 2020. Walmart offered to purchase Cornershop outright for $225m last year. However, this was blocked by antitrust concerns […]
16th October 2019
GDPR and law firms

Back to Basics: GDPR and Law Firms

In May 2018, the General Data Protection Regulation (GDPR) came into force, radically changing the rules surrounding data protection and data privacy across the EU. Companies scrambled to comply with far more onerous rules related to how they collected, used and stored personal data. Impact on Businesses and Law firms  Let me dive into how the GDPR has impacted law firms. GDPR uncertainty has led to a surge […]

7 October 2019 - 13 October 2019

9th October 2019
US China Trade War

Back to Basics: US-China Trade War

Let me bring you up to speed on the trade war so far. Trump, unhappy with the US’s trading relationship with China, decided to impose a series of tariffs on an increasing number of Chinese imports. In turn, China has responded with its own set of retaliatory tariffs. This tit-for-tat escalation of tariffs is what we call a trade war. China has long been criticised for unfair market […]
9th October 2019
Listings

UK Listings at a Ten-Year Low

The ongoing political turmoil in the UK has ensnared another victim, the London listing market, which has suffered its quietest quarter in a decade. Between July and September of 2019, EY has stated that only four companies launched initial public offerings compared to the previous quarter which had 15 listings. It is said that companies are mindful of Brexit as well as the potential for a UK election, […]
9th October 2019
London Stock Exchange

London Stock Exchange Delistings

A few weeks ago, Shore Capital, a London stockbroker chose to delist from AIM, a sub-market of the London Stock Exchange for smaller, fast growing companies, after 20 years as a listed company. The firm said lack of trading volume on its London listing have left the company undervalued and the cost of being on AIM now outweighed the benefits. Shore is one of many small and midsized […]
9th October 2019
Libra

Paypal’s Exit From Libra

Last week, PayPal became the first company to exit from the Libra Association, the 28-member non-profit organisation established in June to oversee the cryptocurrency project. The reason behind the exit was due to two concerns. Firstly, the increasing regulatory scrutiny, and the lack of attention Facebook executives have paid to this considerable backlash. Secondly, how the Libra platform will combat money laundering activity. Despite this concern, Facebook’s CEO […]
9th October 2019
Shares

US Discussions to Delist Chinese Stocks

Last week, it was reported that the US are considering delisting Chinese companies from US stock exchanges. This comes after US lawmakers put forward a bill which would force Chinese companies to comply with US stock exchange regulations or be delisted in June. As of February, 156 Chinese companies were listed on the major US exchanges, with a total market capital of $1.2 trillion. Chinese law currently shields […]