UK Watchdog To Rule On $9.5 Billion Asda Takeover By April 20
The UK competition regulator has set an April 20 deadline for a decision on the acquisition of supermarket chain Asda…
Category: Investing
He Says Fidelity Wouldn’t Let Him Sell During Reddit Mayhem, Costing Him $830,000
Robinhood is in hot water for banning investors from buying GameStop during part of last month’s Reddit-driven market mayhem. And now Fidelity…
Baby Monitor Maker Owlet Hatches $1.4 Billion Blank-Check Deal To Go Public
Owlet Baby Care Inc, a maker of baby monitoring devices, will go public through a merger with a blank-check firm…
Goldman Sachs To Launch Digital Investment Platform In Marcus Push
Goldman Sachs Group Inc is launching a digital wealth-management platform that allocates and rebalances customers’ wealth across portfolios of stocks…
Going All-In? Investors’ Cash Levels Dip To 2013 Pre-Taper-Tantrum Levels
Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013, according to…
German Investor Morale Surges On Shopping Spree Expectations
Investor morale in Germany rose beyond even the most optimistic forecast in February on expectations consumption will take off in…
Equity Investors In Panic As Fixed-Income Yields Rise
As investors worry over the continuous uptick in yields in the fixed income market, negative sentiments persisted on the Nigerian…
Bearish Sentiment Strengthened As Nigerian Stock Exchange Capitalisation Dips N75b
The Nigerian Stock Exchange (NSE) commenced trading for the week on a downward note, following losses recorded by bellwethers, causing…
Rice, Flour, Sugar, Cement Top Free Trade Exemption List
Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other…
Investors Left To Fly Blind On Bid Approaches
For even the most battle-hardened private investor or self-possessed institutional fund manager, divesting some stock and then subsequently reading the…
Mining Stocks Power Gains In Europe On Recovery Optimism
European shares scaled one-year highs on Monday and mining stocks tracked a jump in copper prices as bets of more…
Everything You Need To Know About Bitcoin
After years of skepticism, bitcoin is finally gaining mainstream credibility. This week alone, Tesla (TSLA) said it will soon accept bitcoin as payment for…
Dollar Held Down By Doubts Over Pace Of U.S. Recovery; Bitcoin Retreats From Record High
The dollar started the week pinned near two-week lows on Monday as traders questioned whether the recovery from the pandemic…
UK Pubs Group Mitchells & Butlers To Raise $486 Million
Mitchells & Butlers said on Monday it intends to raise 350 million pounds ($486.05 million) through an open offer of…
Building Makers known as Azek Raises Outlook On Hopes Of Continued Housing Boom
Building materials company Azek reported double-digit revenue growth in its latest quarterly report as a red-hot housing market continues to…
Twitter Chief Partners With Jay-Z On $23 Million Bitcoin Development Fund
Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund…
Record $58.1 Billion Pours Into Global Equity Funds: BofA
A record $58.1 billion poured into global equity funds over the past week as investors pulled money out of cash…
The Luxury Manmade Island Concept Where Homes Cost Up To $1 Billion
Packing up and moving to an exotic island has been a long-held dream for many globetrotters, but it seems the…
Building The Big One: Behind The Scenes Of Biden’s $1.9 Trillion Bet
In January 5, as results came in from the Senate runoff election in Georgia, the texts between President-elect Joe Biden’s…
The Man Behind Fortnite is Making The Riskiest Bet Of His Career. The Payoff Could Be Huge
Over the course of his career Tim Sweeney has been unafraid to take on tech industry giants. The CEO and…
Russian Rouble Falls Ahead Of Central Bank Rate Decision
The Russian rouble weakened on Friday, pressured by lingering geopolitical concerns about Moscow’s relations with the West, as the market…
Bumble’s $14 Billion Date: Blackstone-Backed Dating App Soars On Market Debut
Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday,…
PayPal Unlikely To Invest Cash In Cryptocurrencies: CNBC
PayPal Holdings Inc is not likely to buy cryptocurrencies such as bitcoin, the payments processor’s Chief Financial Officer John Rainey…
Asian Stocks On Hold For Lunar New Year, Bitcoin Eyes Record Highs
Asian shares hovered just below a record high on Friday as mixed U.S. economic data caused some investors to show…
Oil’s Losses Deepen As OPEC, IEA Caution Ends Rally
Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy…
Securities Dealers Need Intervention Fund, Chartered Institute Of Stockbrokers tells Central Bank Of Nigeria
The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to create an intervention fund for securities dealing…
Ecobank Of Nigeria Appoints New Director
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr…
Nigerian National Petroleum Corporation, others risk losing $400bn amid climate goals – Report
Twenty per cent of anticipated investments in the oil and gas sector by state-owned oil companies, including the Nigerian National…
Nigerian Stock Exchange Lose N426bn As 37 Stocks Post Decline
Investors in the nation’s stock market lost N426bn on Wednesday as 37 firms recorded price decline. The market extended its…
Nigerian Federal Government Approves Bankers’ Committee Takeover Of National Theatre, N21.89bn Renovation
The Federal Executive Council on Wednesday approved a Memorandum of Understanding between the Ministry of Information and Culture and the…