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UK cost-of-living crisis piles more pressure on dire IPO market

  Bloomberg It’s been seven months since a consumer-facing firm last listed in London, and offerings look scarce for the rest of the year as a cost-of-living crisis rips through people’s wallets. Rampant inflation, already at a 40-year high and heading toward double digits, is heaping fresh misery on retailers after a torrid few years dominated by pandemic lockdowns. Add ...

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Google to pay $118mn to settle pay equity suit

  Bloomberg Alphabet Inc’s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees, lawfirms representing the women said in a statement. In addition, an independent expert will analyse Google’s hiring practices and and independent labour economist will review the company’s pay equity studies, reports said. . The settlement couldn’t be confirmed on ...

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Charts signal major tests for $441b rebound in China tech

  Bloomberg Chart patterns indicate that a revival in China’s technology stocks is running into key technical tests.The Hang Seng Tech Index has rallied 39% since mid-March through June 10 on bets that Beijing is drawing the curtain down on a regulatory clampdown on the sector. That’s added $441 billion in market value across the 30-member gauge. The index lost ...

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