SoftBank spent $1.35 billion on buybacks in October

SoftBank spent $1.35 billion on buybacks in October

SoftBank Group Corp said on Monday it spent 139.3 billion yen ($1.35 billion) repurchasing almost 20 million shares in October, part of a record buyback plan that has pushed the group’s share price to near two-decade highs. The repurchases represent a marked...
Will the UK axe private equity tax break worth millions?

Will the UK axe private equity tax break worth millions?

Jonathan Blake was only 32 years old at the time, but the meeting the lawyer held with a senior British Treasury minister in 1987 has helped create more millionaires than the UK’s National Lottery. At issue was a complex structure that Mr Blake had designed to allow...
8 big things: Is Proposition 22 the future of the gig economy?

8 big things: Is Proposition 22 the future of the gig economy?

A $200 million political spending spree by Uber, Lyft and DoorDash is already paying off in spades, which is one of eight things you need to know from the past week: 1. The gig goes on The race for the White House seemed interminable. But the drama was over by Tuesday...
Buy-out funds dance around nightclub operator Deltic

Buy-out funds dance around nightclub operator Deltic

Buy-out funds are weighing bids for the UK’s biggest nightclub operator after the pandemic forced the company into an emergency sale. Private equity firms Greybull Capital and Aurelius have been circling Deltic Group ever since it hired accountancy firm BDO to find a...