Biggest UK IPO In 5 Years, AI Valuation Fears, Padel’s $300M Bubble
Bloomberg Daybreak: Europe EditionShow Notes
Your morning briefing. All the news you need to start your day.
On today's podcast:
(1) Mobile payments firm Airtel Money is set to start trading on the London Stock Exchange later on Friday, a listing that may mark the largest initial public offering for the bourse in five years.
(2) Revolut Chief Executive Officer Nik Storonsky said he wants the digital bank to hold a primary listing in the US, if it chooses to pursue a public offering in the future.
(3) Firmus Grid abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia -backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations.
(4) European Commission finance chief Valdis Dombrovskis urged euro-area member states to observe budgetary restraint, pushing back against a proposal from Italy and Greece to introduce additional leeway.
(5) President Donald Trump said in a social media post that the US would “not be attacking Iran” before November’s midterm elections, citing what he said were “productive discussions” with the Islamic Republic.
(6) The UK’s Labour Party won a special election for a central London parliamentary seat early Friday morning, providing a boost to Prime Minister Andy Burnham and a blow to the Greens’ leader Zack Polanski.
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More from Bloomberg Daybreak: Europe Edition
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next monetary policy decision from the Federal Reserve, along with U.S tech earnings. In the UK – a look ahead to the UK's annual budget. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.
Your morning briefing. All the news you need to start your day. On today's podcast: (1) The artificial intelligence trade stayed on the back foot as investors rotated out of one of the year’s hottest themes and sought safety in bonds. Adding to the pressure, crude oil extended its gains. (2) French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence. (3) There's a growing divide over how much further the European Central Bank will raise rates, as oil remains above $110 a barrel. (4) Banks, airlines and governments across Europe, Asia and the Americas are pulling down websites to avoid being hacked. Artificial intelligence models helped to find vulnerabilities in a commonly used programming language called PHP. (5) UK consumer sentiment plunged in October as soaring fuel prices brought home the scale of the cost-of-living hit from the Middle East conflict. (6) Britons looking for a flavor of the upcoming first budget of Andy Burnham’s UK government need look no further than the descriptors emanating from Chancellor of the Exchequer John Healey and his officials at the Treasury: Do no harm. Steady as she goes. Focused. (7) President Donald Trump spoke to SpaceX Chief Executive Officer Elon Musk and asked him to lift restrictions on his company’s Starlink satellite system, the Wall Street Journal reported Thursday. (8) With a fresh infusion of cash to his super political action committee in the first two weeks of October, Elon Musk has now given more than $445 million in the current election cycle and become one of the biggest-ever contributors to such groups.
Your morning briefing.
Your morning briefing. All the news you need to start your day.
Your morning briefing. All the news you need to start your day.