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Sunday, January 24, 2021
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24 Jan 2:23pm Dr Martens bosses and backers set for huge windfall in £3.5bn float
The Guardian
UK footwear brand expected to launch market listing on Monday, with CEO in line for stake worth £58m The British footwear brand Dr Martens is expected to launch a stock market flotation on Monday that would value the Northamptonshire firm at £3.5bn and generate a huge windfall for its bosses and backers. The company, known for its boots with chunky air-cushioned soles and distinctive yellow stitching, was owned until 2013 by the Griggs family, who sold to the private equity investment group Permira for £300m but retained a near-10% stake. Just seven years later the business has soared in value and when it lands on the stock market will create numerous multimillionaires.
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24 Jan 12:53pm Tesla investment reaps $29bn profit for Edinburgh fund
The Guardian
Electric car maker was $6 a share when Scottish Mortgage Investment Trust started buying, now it’s $846 Elon Musk has made so much money from Tesla that he is now
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24 Jan 8:00am When the music stops: Glastonbury businesses fear for future
The Guardian
The cancellation of the festival has left a void of tens of millions of pounds in the Somerset economy
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24 Jan 6:34am Labour bids to be seen as able and competent, not bold and radical | Larry Elliott
The Guardian
Starmer and Dodds are ignoring Brexit and nationalisation - they want to be seen as professional managers Big economic shocks tend to do for prime ministers. Jim Callaghan was finished after the winter of discontent, and the writing was on the wall for John Major once the Bank of England lost its fight with George Soros and his fellow speculators on Black Wednesday. Gordon Brown would have had a decent chance of beating David Cameron had it not been for the financial crash. Brown’s defeat in 2010 was the start of a run of four election defeats for Labour, something that last happened between 1979 and 1992. Since it became a party of government in the 1920s it has never lost five in a row.
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24 Jan 4:00am Netflix still several steps ahead in strategy for wooing subscribers
The Guardian
Many thought the streaming service would come unstuck with its debt-fuelled growth, but the pandemic changed all that Only Frank Underwood could amass as much power in such a short space of time. Nearly eight years after Netflix used
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24 Jan 4:00am Will the new help-to-buy scheme get first-timers on the property ladder?
The Guardian
The government’s revamped programme will be targeted at new buyers with a small deposit. It could be a lifeline These are difficult times for anyone hoping to get on the housing ladder. The pandemic has
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24 Jan 2:00am Brexit has left us all at sea – even the fishing industry
The Guardian
The paralysis at Britain’s new borders was wholly foreseeable to those not led astray by zealotry and ignorance in high office Teething troubles? Bumps in the road? Pull the other one, Mr Gove. As the daily news from fishing crews, farmers, road hauliers, wine merchants, musicians and thousands of businesses up and down the land – not least in Northern Ireland – confirms, Brexit tier 3 is indeed a disaster. Far from having teething troubles that disappear, many of these businesses are having their commercial teeth extracted. It becomes increasingly manifest by the day that this is a Conservative act of conscious economic self-harm which, in an ideal world, would be rescinded before things get a lot worse. Not to put too fine a point upon it, Brexit is not only a disaster: it is also plain stupid.
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