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M&A Deals

Astra shoots for the stars with SPAC public offering

On February 1st 2021, private space enterprise Astra announced its merger with special purpose acquisition company (SPAC), Holicity. The deal, which values Astra at $2.1bn, aims to see the company go public in Q2 of 2021 and represents a raise of $500m in capital for the space enterprise. The company […]

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Market Trends

Market response to the COVID vaccine — an injection of hope?

On November 9th 2020, pharmaceutical giant Pfizer announced preliminary results of a medical study suggesting the development of a COVID-19 vaccine, with an efficacy of 90% in preventing COVID-19 in candidates facing exposure to the virus for the first time. The study comprised 43,538 participants, with those receiving the active […]

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Market Trends Macroeconomic News

Is this the end of the boom-bust cycle?

Over the last century or so, most Western economies have demonstrated distinctively cyclical behaviour. Known as the boom-bust cycle, the credit cycle or the economic cycle, the superposition of inflationary and deflationary oscillations over a reasonably linear increase in productivity growth, has defined the natural order of the financial markets […]

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M&A Deals

Aston Martin — now 20% Mercedes

The large German-based automotive group, Daimler AG, recently increased its stake in the iconic British luxury car manufacturer Aston Martin Lagonda to 20%. Today we take a look under the hood of the deal, investigating the background and motivation, and discerning what the two companies realistically are set to gain, […]

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Market Trends

Is gold still worth its own weight?

With ongoing pressures to keep economies moving during the coronavirus pandemic, policymakers are doing almost everything possible to continue to encourage spending; for example, offering zero interest rates and printing cash. The measures, with their inherent propensity for inflation, have caused many investors to return to gold as a safe […]

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Market Trends

Renewable energy: Redefining the global energy market

The first half of 2020 has seen a considerable drop in M&A activity with the total value of deals falling 53% below that of last year and the total volume down 32% — the lowest total value and volume since H1 2010 and H1 2013 respectively. This in itself is […]