UK economy contracts 0.5% in July amid strikes and bad weather; BP boss Looney quits – business live

All three main sectors of the economy in decline after strikes by doctors, radiographers and teachers, while construction and retail hit by wet weather

The UK chip designer Arm could fetch a valuation of at least $54.5bn in its flotation in New York, according to reports.

The company, which is owned by Japan’s SoftBank, received enough backing from investors to secure at least the top end of the price range in its initial public offering, which would give it a $54.5bn valuation, Reuters reported last night.

Continue reading…

10096

599

Subscribe

Connect with

Login

I allow to create an account

When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.

DisagreeAgree

Notify of

new follow-up comments new replies to my comments

Label

{} [+]

Name*

Email*

Website

I allow to create an account

When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.

DisagreeAgree

Label

{} [+]

Name*

Email*

Website

0 Comments

Inline Feedbacks

View all comments