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FB Roundup: David and Simon Reuben, Tyler and Cameron Winklevoss, Mike Lynch

April 26, 2023

In this week’s FB Roundup, David and Simon Reuben are exploring ways to finalise an LA real estate deal; the Winklevoss twins give a $100 million personal loan to their own crypto exchange; and Mike Lynch loses his bid against US extradition.

David and Simon Reuben “exploring ways” to finalise LA real estate deal
According to Bloomberg, Indian-born British businessmen David and Simon Reuben are “exploring ways to finalise one of Los Angeles’s biggest real estate projects after taking control over major parts of the $2.5 billion plan through debt financing deals.”

FB Roundup: Mike Cannon-Brookes, Amancio Ortega, James Watt

May 4, 2022

In this week’s FB Roundup, climate activist billionaire Mike Cannon-Brookes acquires 11% of Australian power company AGL Energy; Amancio Ortega’s family office buys a Glasgow office development for £215 million; and BrewDog boss James Watt plans to give away 20% of his personal stake to staff.

Climate activist billionaire Mike Cannon-Brookes acquires shares in Australian power company
Tech tycoon and climate activist Mike Cannon-Brookes has bought an 11.28% stake in AGL Energy in an attempted block of a demerger, that would see Australia’s biggest power producer split into two companies.

The future of the internet and the exponential adoption of the metaverse

April 20, 2022

The metaverse, a term first coined in 1992 by Neil Stephenson in his novel Snow Crash, has developed over the past two years from a science-fiction theory to a real-world technology that is predicted by Goldman Sachs to be a $12.5 trillion opportunity by the end of the decade, says Michael Gord, co-founder and chief executive officer of GDA Capital.

FB: Roundup: Serum Institute of India, Ferrero, News Corp

March 22, 2021

Poonawalla family’s Serum Institute under pressure to deliver Covid-19 vaccines, Ferrero-owned Thorntons exits shop estate for e-commerce, Murdoch’s News Corp wins content compensation from Facebook.

Poonawalla family’s Serum Institute under pressure to deliver Covid-19 vaccines

Serum Institute of India, the second-generation Poonawalla family business and the world's largest manufacturer of vaccines by volume, has delivered half of the agreed 10 million Oxford-AstraZeneca doses from India to the United Kingdom, contributing to the delay of the UK’s vaccination programme.

What changes could a Biden administration bring to ESG investing?

January 5, 2021

Will support for environmental, social and governance (ESG) investing in the United States increase under the administration of President-elect Joe Biden?

Will support for environmental, social and governance (ESG) investing in the United States increase under the administration of President-elect Joe Biden?

Broadly speaking, we believe the answer is yes—but we don’t expect this to lead to a sea change in ESG integration. To understand why, let’s dig under the surface a bit.

What to expect from a Biden administration

Blockchain reaction: What the technology really means for family business

April 10, 2020

A decade-old, blockchain technology is facing an inflection point. A few years ago it was easy to find people who were evangelically enthusiastic about it. A 2015 World Economic Forum survey of more than 800 executives and experts from the information and communications technology sector found the majority believed that by 2027, 10% of global GDP would be stored on blockchain technology.

Facebook’s Libra launch shows blockchain has entered the mainstream. Jeremy Hazlehurst looks at what the technology really means for family businesses

Panama Papers: Tax haven can wait

October 7, 2016

Will the Panama Papers mark a tipping point for families and their advisers? And what will families need to do to fend off public criticism?

Will the Panama Papers mark a tipping point for families and their advisers? And what will families need to do to fend off public criticism? Paul Golden reports

A mere two months before Brexit brought the curtain down on David Cameron’s 11-year leadership of the UK Conservative Party, the former prime minister had only narrowly escaped an earlier end to his premiership.

Toyota chief gets down with the kids

July 5, 2013

The third-gen president of Toyota has undergone an image makeover to give the Japanese car brand a much-needed injection of cool.

Toyota – famed for the dependability of its cars rather than the sex appeal of its brand – suffered a major blow to its main selling point when a series of manufacturing errors in 2009 led to the recall of millions of cars.

Why the media get business wrong

May 29, 2012

Journalists spend far too much time telling everyone about the listed corporate sector and not the unlisted sector. They are missing out and the public is as well.

Scientists often lament the media’s coverage of their world.

Cancer research, climate change and weather projections are reported on almost daily by the media. Much of it is responsible coverage, informing the public objectively with attention to detail. Nevertheless, a sizeable amount isn’t. Instead, the coverage relies on attention-grabbing headlines, and scant concern for facts and detail. Headlines like “breakthrough in breast cancer drug” and “the UK is forecasted to have the coldest winter on record” are not unusual.

Button-down bankers

May 16, 2012

Clothes, now there’s a thing. I admit to being amused by the brouhaha that ensued after smooth-faced Facebook genius Mark Zuckerberg astonished the world by, ahem, wearing a hooded sweatshirt to a meeting last week. Grown men with wobbly paunches, red braces and pinstriped suits swooned. Others became puce in the face and blustered incomprehensibly. It was as if somebody had exposed themselves in a Jane Austen novel.