11 November 2019 - 17 November 2019

13th November 2019
Saudi Aramco IPO

Saudi Aramco IPO Update

Last week, Saudi Aramco published its 600-page prospectus about its planned stock market flotation, providing potential shareholders a new outlook before the IPO. The prospectus outlined a number of key risks, including the government’s control over oil output, armed conflicts and climate change. It is known that the oil industry is the largest contributor to Saudi Arabia’s economy and accounts for 63% of the government’s income. This means […]
13th November 2019
Google Fitbit

Google’s Acquisition of Fitbit

Last week Google announced that it had struck a deal to buy fitness tracking company Fitbit, for $2.1bn. The acquisition will improve Google’s health and wellness offerings as the two team up to take on Apple whose wearable tech business has grown significantly in the past several years. Although the deal is a great strategic move for both companies, it is subject to shareholder and regulatory approval, which […]
13th November 2019
Moody's

Moody’s Lowers UK Credit Outlook

Credit rating agency Moody’s has changed its outlook on the current UK credit rating of AA2, from ‘stable’ to ‘negative’ – a sign that the country’s credit rating may be downgraded in the near future. As a justification, Moody’s noted that ‘the increasing inertia and, at times, paralysis that has characterised the Brexit-era policymaking process has illustrated how the capability and predictability that has traditionally distinguished the UK’s […]

21 October 2019 - 27 October 2019

22nd October 2019

Back to Basics: Facebook

Facebook’s image has changed. The Cambridge Analytica scandal showed the world how Facebook’s lax privacy measures allowed a data analytics company to exploit users’ data to predict and shape behaviour. The aftermath of the 2016 US election showed how Facebook could be used by other states to influence elections and spread fake news. Facebook’s role in the spread of anti-Rohingya propaganda in Myanmar and anti-Muslim violence in Sri […]
22nd October 2019

IMF Publishes October 2019 Global Financial Stability Report

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 […]

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 […]