Day: June 28, 2020

The tech investors still hunting for unicorns during lockdown

But Kanji remains optimistic that the UK’s strongest start-ups will weather the storm. “The upper echelon of these start-ups is still competitive – people still bid up on these things,” he says. “As long as there’s one other person who thinks there’s something big and is willing to pay up, prices tend to converge on that number.”

The impact of the expected recession on the start-up sector is unclear. Some of the world’s largest technology companies emerged after previous crises, but financial hardship is likely on the way for the fledgling, so-called “seed” start-ups.

The British Business Bank said in

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Liverpool’s overdue title offers ailing brands four ways to score

Next, monopolies never last. The Premier League had started to look like a comfortable cartel, with the title swapped from Manchester United, to Manchester City, to Chelsea, with the occasional detour to Arsenal. Leicester crashed the party once, but that was a fluke. Like all oligopolies, success reinforced itself. More trophies meant more money, which meant more trophies, just as a bigger market share means more money for investment, which in turn means yet more of the market.

And yet, competition always finds a way to reinvigorate itself, and even the most impregnable businesses get out-fought eventually. Anyone with shares

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Are there two sides of the SoftBank ledger?

In Tokyo, Son was quickly forced on to the defensive, insisting that SoftBank was not “SoftPunku” – punctured by its bad experiences. But after a string of blow-ups, is there really another side to its ledger? “The situation with Wirecard came as a shock to the whole market,” says Rolf Bulk, equity research analyst at New Street Research. “It’s clearly a blemish on the SoftBank portfolio.”

It is not the only blemish this past year. Last month, SoftBank announced a historic $13bn annual loss, compounded by a botched float by office space start-up WeWork and a slew of other fallen

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Please, no bailouts, as a tsunami of bad debt sweeps in from lockdown

Yet with some exceptions, landlords are not treating this hiatus as rent forgiveness. Many instead plan to recoup the money due when the rent suspension comes to an end. Having sat there for three months with little or no revenue coming in, leaseholders are not going to take that kind of demand lying down. Many would rather close than borrow to pay.

Good luck with finding new tenants if they do, or indeed going after delinquent tenants for rent arrears. Pret A Manger’s unilateral announcement that it will only pay 30pc of its next rent bill makes an interesting interpretation

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