Shares in chip designer Arm increased by 20% as it began trading on the Nasdaq exchange on Thursday, the Financial Times’ reports. It is the largest initial public offering on the US stock market in two years.
In other news, the front page reports that Housing Secretary Michael Gove’s plans to end “no-fault” evictions in England have been “put back on ice” due to infighting in the Conservative Party.
A Whitehall official quoted in the paper says: “There are a number of landlords in the whips office who are amplifying the level of concern among Tory MPs and holding things up.” The whips, who advise ministers on how Tory MPs will react to new legislation, strongly denied that they were letting their personal financial interests affect their judgement.
Everton owner Farhad Moshiri agrees sale of club to American firm 777 Partners The Guardian says Farhad Moshiri has signed
Celebrities mingle with royals at glam Vogue World party in London The Independent says Fashion icons joined Hollywood stars and
Father of 10-year-old UK girl Sara Sharif among 3 charged with her murder after Pakistan arrest The Independent says The
Man dies after being mauled by two dogs yards away from primary school The Metro says A man has died
Sainsbury’s and Tesco loyalty card prices not as good as they seem, says Which? A leading consumer rights group says
Chick-fil-A to try again in UK four years after LGBT backlash Four years after failing to launch Chic-Fil-A in the
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