We’re dumbfounded by jaw-dropping valuations, with sterling at a three-year high and London boasting more dollar millionaires than New York. A flotation frenzy is making our heads spin, with the IPO of Vodafone’s telecom towers business said to value the company at c €15bn. Our report highlighting the potential of vegan food is right on the money as Swedish alternative milk brand Oatly eyes a $10bn stock market worth. There’s also a whiff of bleach well beyond Reckitt Benckiser’s Slough headquarters, as booming disinfectant sales help the group dazzle with record sales.
KEEPING UP WITH FASHION
Uniqlo’s Japanese owner has usurped Zara’s parent company as the world’s largest clothing company and ‘The Ordinary’ skincare brand has confounded its name, with Estée Lauder deeming it a cult product worthy of $1bn. Somehow Apple has the bandwidth to buy a company every three to four weeks, while Amanda Blanc’s turnaround at Aviva has achieved the group’s second country exit in as many days. The all-male board room is now officially extinct at FTSE 100 companies.
FEELING DAZED AND CONFUSED
The depths of the pandemic continue to startle, with Lloyds Banking Group’s profits tumbling and Metro Bank’s widening losses. Heathrow Airport is seeing the lowest passenger numbers since the 1970s. Gordon Ramsay, who has a restaurant there, says COVID-19 has cost his business £60m.
ACHIEVING THE EXTRAORDINARY
The enterprising are taking up NASA’s invitation to ‘dare mighty things’. The CEO of Edison client Oxford Biomedica says his company is much more than a manufacturer of the AstraZeneca vaccine. Seville has found an unexpected use for its famous oranges, while rescuers of a wild sheep in Australia were flabbergasted by the weight of its fleece. This geologist says we’ve been drawing icebergs wrong for decades. And it’s truly astonishing that nobody has figured out why the earth keeps pulsating every 26 seconds.