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Deliveroo Aims To Sell $1.4 Billion Of New Shares In Upcoming IPO

Deliveroo confirmed that it will have two classes of shares, with founder and chief executive Will Shu to be the sole holder of "class B" stock which will give each of his shares 20 votes, whilst all other shares will carry one vote.

Rolls-Royce Plunges To Worse-Than-Expected $5.6 Billion Loss

BW Online Bureau

Companies & Markets Sector Reports Auto

Rolls' model of charging airlines for the number of hours its engines fly meant much of its income dried up last year when travel stopped. In 2020, it secured a total of 7.3 billion pounds in debt and equity to help it survive.

Deliveroo Launches London IPO After Business Surges In 2020

BW Online Bureau

Companies & Markets Sector Reports

The initial public offering (IPO) is expected to value Deliveroo at more than $7 billion, based on a private funding round it completed in January, and will be one of the largest London listings in several years.

Aston Martin Says Back On The Road To Profitability After 2020 Loss

BW Online Bureau

Companies & Markets Sector Reports Auto

The firm made a 466-million pound ($660 million) loss last year, compared with a 120 million pound loss in 2019, as sales to dealers fell by 42% to 3,394 vehicles, hit by the closure of showrooms and factories due to COVID-19.

UK Retail Sales Slump In New Lockdown, Borrowing Less Than Expected

BW Online Bureau

Companies & Markets Sector Reports

Retail sales volumes fell 8.2% compared with December, a far bigger fall than the 2.5% decrease forecast in a Reuters poll of economists and the second largest on record after the fall in April 2020, at the start of the pandemic.

Amazon Stops Alcohol Sales In Northern Ireland Due To Brexit Rules: ITV

BW Online Bureau

Companies & Markets

Britain left the European Union's single market and customs union on Dec. 31, introducing paperwork and customs declarations for those businesses that import and export goods with the bloc.

Joe Biden speaks to UK PM Johnson, discusses potential free trade deal

ANI

World

Joe Biden speaks to UK PM Johnson, discusses potential free trade deal

Panchshil Office Parks honoured with 3 Safety 'Oscars'

ANI

Panchshil Office Parks honoured with 3 Safety 'Oscars'

Beijing to bar British overseas passport holders from public office in Hong Kong

ANI

World

Beijing to bar British overseas passport holders from public office in Hong Kong

BBC Says Obtained Full Copy Of Post-Brexit Trade Deal

BW Online Bureau

Economy

British Prime Minister Boris Johnson on Thursday had described the last-minute agreement as a "jumbo" free trade deal along the lines of that between the EU and Canada, and urged Britain to move on from the divisions caused by the 2016 Brexit referendum.

No Brexit Trade Deal Yet As Serious Issues Remain, British Minister Says

BW Online Bureau

Companies & Markets

The European Union needs at least four days to carry out procedures ensuring any agreement is applied from Jan.1, EU diplomatic sources said, meaning a deal is needed by early next week to avoid trade ruptures.

UK Retail Sales Pick Up Ahead Of Christmas, January Plunge Feared: CBI

BW Online Bureau

Companies & Markets

British Prime Minister Boris Johnson announced on Saturday a new tougher lockdown for London and nearby parts of England.

UK Mortgage Approvals Jump Again To 13-Year High

BW Online Bureau

Economy

Net consumer lending fell by 590 million pounds on the month after a slightly bigger fall a month earlier, representing a 5.6% annual decline in lending, the biggest such drop since monthly records began in 1994.