DATABANK INSIDE the CITY SABAH MEDDINGS the WEEK in the MARKETS the ECONOMY Consumer Prices Index Current Rate Prev
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10 The Sunday Times January 17, 2021 BUSINESS Jamie Nimmo ANDREW COULDRIDGE rights. Luckily, Blavatnik, crack it. If the former Genesis Neat Burger in 2019, tells Blavatnik’s Netflix of who is funding the spree, frontman and Coller succeed Prufrock it plans to launch in FUNNY BUSINESS pocketed $1.9bn last year that really would Shock The Italy, the Middle East and the floating Warner Music. Segev, Monkey (sorry). US as well as open more UK sport takes kidney shot 44, will need all the money sites. It also wants to launch he can get if DAZN is to prove a vegan range, including ice- Shay Segev, the departing possibly the biggest annual a knockout with sports fans. Hamilton burger cream, in supermarkets, and boss of Ladbrokes Coral- loss in British start-up is creating DIY kits for owner Entain, has quite the history. That was before the van revs engine customers to cook at home task ahead of him at DAZN, pandemic halted sports Vegan venturer’s Speaking of vegans, Neat during lockdown, costing billionaire Sir Leonard events. Sources close to the Burger, a new plant-based between £20 and £30. The Blavatnik’s “Netflix of sport” company, which was created animal spirits restaurant chain backed by perfect Veganuary treat. streaming company. London- in 2016 as part of Perform Private equity tycoon Jeremy Formula One champ Lewis based DAZN, which has Group, insist it has won back Coller is said to be closing in Hamilton, appears to have splashed out billions of fans since the restart of on his first new fund in six dodged the coronavirus crisis Lane-Fox digs pounds on sports rights, events and that, as with so years. London-based Coller that has devastated pubs and including for Anthony many ambitious tech Capital is hoping to raise restaurants. And not only has beak into rival Joshua’s fights in the US, companies in their infancy, $9bn to invest in second- it survived, it is plotting an It turns out social media firms published accounts for 2019 big losses are part of the hand private equity stakes. ambitious expansion. Zack don’t look out for each other. on Companies House the day masterplan. DAZN, which The success of the Bishti, 32, who co-founded Baroness Lane-Fox, 47, after unveiling Segev as co- has focused on boxing in the business has earned Coller, lastminute.com co-founder chief executive last week. US, last month launched in 62, the sobriquet the and non-executive director at They must have felt like a 200 countries and “godfather of secondaries”. It Twitter, has had a dig at rival kidney shot for Blavatnik. territories, including the UK, isn’t the kind of name your Facebook, which she says she Stripping out the sale of its where its boxing service average financer would doesn’t use. Speaking on the TWITTER POLL Perform content business, costs £1.99 a month. DAZN embrace, but Coller isn’t Can I ask you a personal Yes No losses jumped from $730m to has committed to spending a your average financial type. question? podcast, she recoils a staggering $1.9bn (£1.4bn) — further $6.5bn on future DAZN has the US rights to stream Anthony Joshua’s fights The vegan is the industry’s at the thought of using Mark biggest animal welfare Zuckerberg’s social network, 19% 81% 6 Invesco’s push to offload the illiquid holdings left over from campaigner and is pushing which, like Twitter, Neil Woodford protégé Mark Barnett’s time at the fund JUST SAYING . for an end to factory farming. suspended Donald Trump manager continues. It has agreed a deal with venture Coller is also behind attempts after his supporters stormed capitalist Hambro Perks, which will buy 17 private stocks from There will be a lot of pent-up to communicate with the US Capitol this month. Barnett’s portfolio, including Gelesis, a developer of animals. No, seriously. “Whenever I look at it treatments for obesity, and First Light Fusion, which is demand and, hopefully, optimism ... The tycoon has teamed up [Facebook] I’m like, ‘Oh my researching energy generation. Household names they ain’t. By some time this summer with Interspecies I/O, a group god, someone I haven’t seen Woodford, 60, spent 25 years at Invesco and handed over whose leading figures from school has a cat, loads to Barnett. About half the stocks were Woodford’s. Hambro you could have a very include musician Peter of people are dead ...’ I just Chancellor Rishi Sunak has Perks says the companies have “huge potential”. It is not clear Gabriel, to find a real-life Dr feel like it’s a completely forecast Big Bang 2.0 for how much it paid, but if the 60% writedown in the value of healthy economy Dolittle. The Coller Prize for hideous kind of mess of the City of London the stocks revealed by Invesco last year is a guide, it is unlikely JP Morgan Chase boss Jamie Dimon on Interspecies Conversation nothing,” she says. That’ll set post-Brexit. Will that be to recoup much of the £350m it had invested. his hopes for the second half of 2021 offers $1m to anyone who can Defriending: Lane-Fox the cat among the pigeons. possible? @ST_Business DATABANK INSIDE THE CITY SABAH MEDDINGS THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 DOLLAR which charges a fixed £1,499 For Foxtons, the effect of FTSE 100 USD > GBP 0.3% 0.7% fee, compared with Foxtons’ its removal will be mixed. CPI including housing current rate prev. month Don’t rush 8,000 2.5% plus VAT. Countrywide While it will drag on sales, as $1.36 0.6% 0.9% has also faltered. After will rising unemployment, it W 0.00 to put in floating in the same year as is unlikely to be hurt as much 12-month high: $1.37 Retail prices index current rate prev. month 7,000 low: $1.15 Foxtons, it has been a disaster as rivals — most of its homes 0.9% 1.3% for shareholders — and this are above £600,000 and two- EURO an offer 6,735.71 Average weekly earnings on prev. month on last year EUR > GBP month agreed a takeover deal thirds of its revenues come 137.55 H: 7,674.6 6,000 on Foxtons with Connells for a fraction of from lettings, not sales. 2.00% L: 4,993.9 £560 U 0.9% U 2.7% Unemployment current rate prev. month its listing price. The pandemic led to 5,000 €1.12 However, after grinding to reduced demand for short- FTSE 250 U 0.01 12-month high: €1.20 1.69m 4.9% 4.8% It looked like bad news for a halt at the start of the term lets such as Airbnb, 2020 21 low: €1.06 Source: Thomson Reuters Eikon Manufacturing output on the year on last month housing last week. There are pandemic, the market which has pushed landlords YEN mixed reports over whether experienced an autumn lift — towards agents such as RISERS FALLERS Just Group: 80p U 14.6% on strong Petrofac: 120.8p V 27.2% on SFO YEN > USD V 3.8% U 0.7% Rishi Sunak will extend the partly due to a flurry of sales Foxtons. It hopes to turn sales Indivior: 115.3p U 9.7% on raised probe Cairn Energy: 191.2p V 21.7% on Retail sales on the year on last month stamp duty holiday — and the in London as families fled in these into long-term clients — outlook AVEVA: £38.05 U 7.8% on share consolidation Babcock: 220.3p V uncertainty is not helping. search of a country bolthole. which would provide a more contract renewals Vietnam Enterprise 18.9% on update Just Eat Takeaway: ¥103.87 U 2.4% V 3.8% 20,615.59 Investment: 622p U 7.4% on sentiment £78.72 V 12.5% on margin pressures V 0.06 So how will Foxtons, the Nationally, Sunak’s stamp enduring benefit. At the same 448.65 H:21,886.1 Royal Mail: 386.5p U 7.3% on naming Hochschild Mining 192.3p V 11.8% on 12-month high: ¥112.11 gold price Source: Refinitiv/AJ Bell low: ¥102.34 London-listed estate agent duty holiday on properties time, it plans to use some of 2.13% L:12,829.7 new chief executive UK trade latest 3 mths prev. 3 mths latest 12 mths focused exclusively on the under £500,000 — which cost the £22m raised in a share OIL balance (£bn) -8.53 +5.75 +17.53 capital, grapple with the taxpayers £3.3bn — pepped placing in April to snap up DOLLARS/BARREL DOW JONES FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change change? After floating at 230p up the market. That cut — smaller rivals in the rental HANG SENG product a share in 2013, at the height which meant no duty was market. It has already spent 30,814.26 28,573.86 1,573.90 $55.10 U 16% V 18.8% V 8.6% 0.89 of the post-crisis property paid on the first £500,000 of £4.6m acquiring lettings 283.71 H:31,098.0 695.64 H:29,056.4 11.46 H:1,690.8 V Budget deficit latest month prev. month year-to-date 0.91% L:18,591.9 2.50% L:21,696.1 0.72% L:1,096.5 12-month high: $71.75 (PSNB) in £bn boom, Foxtons has rarely a house purchase on their books and businesses.