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SHOCKING: 19 | Mind Blowing Facts

THG's £70m loan to build new headquarters cancelled

The deal was first announced in January 2020

Birmingham Post

Elon Musk Breaks Guinness World Record For Largest Fortune Loss

Elon Musk made it to the Guinness World Records for the "largest loss of personal fortune:" from $340 billion in November 2021 to $137 billion in January 2023.

InsideEVs

Rishi Sunak restarts talks on London listing for UK tech firm Arm

Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO

The Guardian - UK

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The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

Fortune

SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

Benzinga

Rollercoaster year for Matthew Moulding's THG continues as shares recover from historic low

The Manchester-based online retailer owns Lookfantastic, Cult Beauty and MyProtein

Birmingham Post

Japan's SoftBank returns to profit as investments rebound

Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago

The Independent UK

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Tech investment giant SoftBank sells entire THG stake to Matthew Moulding and Qatar

The move comes after a $1.6bn deal that would have seen SoftBank take a near 20% stake in a major division of THG was abandoned in July

Manchester Evening News

THG shares rise after SoftBank sells stake to Moulding and Qatar

Founder of online shopping group cements control as Japanese firm offloads its holding at £450m loss

The Guardian - UK

SoftBank sells entire THG stake to Matthew Moulding and Qatar

THG said it will receive £31m in proceeds after agreeing to sell 67.8 million shares to Qatar Investment Authority

Birmingham Post

SoftBank cuts 150 jobs as investments plummet

It comes just weeks after the firm posted a staggering $23 billion (£19 billion) net loss

Evening Standard

Why the value of my second-hand Toyota has risen tenfold in Japan

With new cars in short supply, AI is shaping a booming second hand market

Financial Times

Top Financial Media Stories Friday, September 16: Uber Internal Systems Hacked By A Teenager, Germany Takes Control of Oil Refineries Owned by Russia's Rosneft, Kanye West End Apparel Partnership with Gap And More..

New York Times

Benzinga

Truss and Kwarteng in fresh push to persuade SoftBank to list Arm in UK

Cambridge-based chip designer’s owner prefers US to London but PM and chancellor aim to revive talks

The Guardian - UK

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Financial Times

Masayoshi Son sounds a warning for vision-peddlers everywhere

The SoftBank founder has sent investors an uncharacteristic message of risk aversion — and that’s a problem for Japan

Benzinga

Why SoftBank's Billionaire CEO Can't Harness His Inner Warren Buffett And Buy The Market Dip

Japanese investment heavyweight SoftBank Group Corp reported a record $23-billion quarterly loss on Monday.

Birmingham Post

Investment giants lower stakes in Matthew Moulding's THG

THG founder and chief executive Matthew Moulding is the single largest shareholder in the group

The Guardian - UK

SoftBank CEO ‘ashamed’ of pride in past profits as record losses prompt cost cuts

Japanese technology and investment group is seeking to float UK-based chip maker Arm

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Evening Standard

SoftBank posts record £19bn loss as tech investments flop

The results add further pain on top of the $26 billion loss its Vision Fund posted in May

Asharq Al-Awsat

Japan Tech Giant Softbank Posts $23 Billion Quarterly Loss

Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter…

The Independent UK

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

Manchester Evening News

One of Manchester's richest men gifts shares worth over £800,000 to his mates for free

Mr Moulding recently completed the donation of millions of pounds to charitable causes in the city.

Birmingham Post

THG boss Matthew Moulding hands shares worth more than £800,000 to friends for free

Mr Moulding has a stake of about 22% in THG

The Guardian - UK

Unilever demonstrates an impressive degree of pricing muscle

Upgrading its revenue guidance is reassuring after the firm’s failed tilt at GSK’s consumer arm, but things remain volatile

The Guardian - UK

UK e-commerce firm THG ends investment deal with Japan’s SoftBank

Company, which owns sites such as Lookfantastic and Zavvi, blames ‘global macroeconomic conditions’

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