CVC to list shares in Amsterdam… as commodities trader heads to New York
CVC has revived its plans to list in Amsterdam in a deal worth up to £13bn, in a further setback for London.
The private equity giant abandoned an initial public offering (IPO) in 2022 and again in 2023 due to market uncertainty.
Goldman Sachs profits rise to £3.3bn as trading revives
Goldman Sachs’ profits rose to a better-than-expected £3.3bn in the first quarter of the year, thanks to the revival of its investment banking division.
The 28 percent increase compared to the same period last year was helped by a revival in trading fees as well as a strong period for bond trading.
Musk cuts 14,000 jobs as Tesla grapples with falling sales
Tesla is laying off more than 10 percent of its global workforce as it grapples with falling sales.
The American automaker, led by billionaire Elon Musk, has been hit by weakening demand for electric vehicles (EVs) and a price war with Chinese rivals.
The FTSE 100 index opened at 7,965.53
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