02.12 - News Briefing
The UK's continuing threats to impose article 16 has forced the US to delay removing Trump-era tariff's on British steel and aluminium. The US are concerned any change to the Northern Ireland deal could threaten peace in Ireland. The EU and US have already agreed to suspend tariffs which is leaving the UK at a disadvantage, they need to pay more to import to the US.
Seedrs, the UK crowdfunding site, is being purchased by a US investment group months after the CMA stopped a proposed merger with Crowdcube. In a deal thought to be worth $100m, the US investment group, Republic, see this as plans to expand into Europe.
The Finance Times are reporting that the UK stock market, indeed European stock markets fail to be as attractive as the US and Chinese markets. This is because the US is attracting worldwide companies to list of their exchanges, (it is more supported by policymakers) which is then increasing higher trade volumes and higher valuations for companies. The UK, who typically prioritise dividends over capital gains are being left behind.
Susan Arnold is about to become the Chairman to Walt Disney - the first time a woman will be appointed in its 98 year history.
Match Group (the online dating group) will pay the founders to Tinder $441m to settle a legal dispute over the true worth of Tinder when Match brought them out. Tinder argued Match had undervalued the app.
LadBible are planning to be AIM listed before the end of the year, valuing the company near £360m. This comes as profits doubled to £4.1m and record sales of £30.2m.