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The blank check IPO rage among investors is cooling

One of the hottest corners of financial markets is getting slightly less manic. Billionaires, celebrities and athletes have raced to create special-purpose acquisition companies, or SPACs, over the past six months. These “blank check” firms, which raise money from investors and then go hunting for takeover targets, have been flagged as a sign of overexcitement on Wall Street. New scrutiny of SPACs from regulators appears to be forcing a cooldown, however. Last week was the first time all year that no new SPACs hit the market, according to Renaissance Capital. “Over 250 SPACs are on file so we’re not calling the end, but investor enthusiasm for this vehicle is waning,” cofounder Bill Smith told clients.

15 years ago: Family lead North-East s rich list with £348m fortune

The Fenwick family topped the rich list for the third year running Picture: DAVID WOOD THIS week, 15 years ago, a family with more than a century of retail experience topped the North-East rich list for the third year running. Mark Fenwick, chairman of the Fenwick Group - a chain of eight department stores based in Newcastle - amassed an additional £24m in 2005, topping the list with a family wealth of £348m. Mr Fenwick and his family were ranked the 181st richest in Britain and Ireland in the Sunday Times Rich List. The second richest in the North-East was the Duke of Northumberland, who has a fortune in land and art of £300m.

Los 81 libros que recomiendan Gates, Jobs, Bezos, Musk y los líderes de las principales tecnológicas del mundo

Los 81 libros que recomiendan Gates, Jobs, Bezos, Musk y los líderes de las principales tecnológicas del mundo
xataka.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xataka.com Daily Mail and Mail on Sunday newspapers.

A video captured a man out cold on a Dundee street after being arrested

© Supplied by Duncan Davidson / screengrab A man was knocked unconscious while being arrested in Clepington Road, Dundee. Sign up for our daily newsletter of the top stories in Courier country Thank you for signing up to The Courier daily newsletter Something went wrong - please try again later. Sign Up A man was knocked unconscious while being arrested in Dundee at the weekend. Residents and passers by were shocked when the drama unfolded on Clepington Road on Sunday afternoon. A video taken by Duncan Davidson, who lives nearby, shows a man in his 40s being wrestled to the ground by an officer while allegedly “resisting arrest”.

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