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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Archive

FIVE at FIVE: West End monopoly, Chelsea’s next owners, Bitcoin 50% off highs, Rightmove boss on the move and FTSE 100 nosedives

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. West End property giants close in on £3.5bn merger

The combined real estate investment trust (REIT) of Shaftesbury and Capco would own a portfolio of around 2.9mln square feet of retail, hospitality, office and residential space in top-notch London destinations

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2. Chelsea’s soon-to-be US hedge fund and private equity owners

Clearlake Capital’s Chelsea consortium, which is spearheaded by American tycoon Todd Boehly, is expected shortly to complete the biggest sporting takeover in history.

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3. Bitcoin and Ethereum 50% below November all-time highs

Cryptocurrencies were set for their fifth consecutive red day as digital currencies continued to follow in the footsteps of wider markets

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4. Rightmove chief executive becomes 11th FTSE 100 boss to resign this year

Even investors who are not involved in the online property portal may wonder at the move, especially if it suggests the chief executive is looking to get out at the top of the market

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5. FTSE 100 plummets

The UK blue-chip index closed down 171.36 points, or 23% at 7,216.58, the session low and well below the day’s peak of 7,391.59 on Monday.

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Also - previews for AMC, Peloton and Coinbase results on Tuesday. With a quiet day in London on Tuesday, more UK investors than usual might be turning across the Atlantic

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK