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Stocks

“Computing firm Raspberry Pi pops 38% in rare London market debut” [JUN 11 2024]

June 28, 2024

“Shares of Raspberry Pi surged Tuesday, rallying by more than 38%, as the British computing startup sought to raise some £166 million ($211.2 million) from its initial public offering…” https://www.cnbc.com/2024/06/11/rasperry-pi-ipo-computing-firm-to-raise-211-million.html

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Economy

“Fears Sadiq Khan will bring in pay-per-mile road taxes after spending £3m on project”

April 11, 2024

“Sadiq Khan spent £3 million of taxpayers’ money planning a pay-per-mile road charging system, amid fears he could bring the scheme in if he is re-elected. Transport officials were working on a driver charging project as recently as January, even though… Continue Reading…

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Business, Real Estate

“London’s famed BT Tower sold to U.S. hotel group for $347 million”

February 27, 2024

“British telecoms group BT said Wednesday it had agreed to sell London’s iconic BT Tower — once an important piece of network infrastructure — to developer MCR Hotels for £275 million ($346.6 million). The 189-meter (620-foot) structure has loomed over the capital… Continue Reading…

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Business, Stocks

“Microsoft buys near 4% stake in London Stock Exchange as part of 10-year cloud deal”

December 12, 2022

“…U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator. The partnership involves next-generation data and analytics, as well as cloud computing products, according to a statement… Continue Reading…

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Economy, Stocks

“Russian Stocks in London Wipe Out 98% of Value in Two Weeks”

March 2, 2022

“The Dow Jones Russia GDR Index, which tracks London-traded Russian companies, has plunged 98% in two weeks. The slump has wiped out $572 billion from the market value of 23 stocks, including Gazprom PJSC, Sberbank of Russia PJSC and Rosneft… Continue Reading…

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Business, Stocks

“Uber stock tanks 6% after losing its London operating license: ‘There is a risk that other cities could follow’ (UBER)”

November 26, 2019

“Uber’s stock was set to sink Monday morning after the ride-hailing firm lost its license to operate in London. The stock was down 6.3% in premarket trading as of 10:30 a.m. in London (5:30 a.m. ET) after the regulator Transport for London… Continue Reading…

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Economy, Stocks

“Hong Kong Stock Market Retracts Offer to Buy London Exchange”

October 8, 2019

“Hong Kong’s stock exchange will no longer proceed with its nearly $37 billion offer to buy its London competitor, it announced on Tuesday morning, in a setback for the exchange’s long-running effort to build a closer connection to European markets…” https://www.nytimes.com/2019/10/07/business/hong-kong-london-stock-exchange.html

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  • “Pinterest stock sinks nearly 17% as tariffs hit earnings. Here’s what’s happening”
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