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...China’s consumer prices fell 0.8 per cent in January, driven by a 5.9 per cent decline in food prices and a 17 per cent drop in the price of pork....
...Consumer prices last month rose 0.1 per cent, but have been mired in deflationary territory for much of the past year....
...Helen Thomas will be back next week. Have a great week, Nathalie ThomasLex writer nathalie.thomas@ft.com...
...US private equity firm Thoma Bravo has agreed to take UK cyber security company Darktrace private in a transaction valuing the company at $7.75 per share....
...However, the share price slumped later in 2021 after stockbroker Peel Hunt said it thought the company was only worth half of its market value....
...The raised Concord offer represents an increase of about 7.8 per cent on its original offer, or 42.6 per cent to the closing price of 71p a share on the last day prior to the bid....
...The Concord offer was at a premium of about a third to the Hipgnosis share price before the bid was announced, and a 4.3 per cent premium to the fund’s September net asset value....
...It said the share price was unlikely to increase to reflect the adjusted net asset value or deal price “in the medium term as a result of numerous company-specific and certain market issues”....
...Quick links Catch up on the best-read Lex columns of the past week: Chinese solar companies are paying a high price for victory Venture capital dry powder has nowhere to go Jamie Dimon’s inflation worries...
...Quick links You’ve heard about the soaring price of chocolate this Easter. What about coffee?...
...In the letter, DAZN said that it was also considering withdrawing from the entire rights process, which would potentially remove any competitive tension to drive prices higher....
...However, the share prices of the credit card companies tell you that not all card companies will be affected equally. Read more here....
...Over the past 18 months it has spent about $2bn on buying companies such as SurePrep, Casetext and Pagero, a global e-invoicing and tax solutions business....
...Hong Kong’s biggest initial public offering of the year flopped on Tuesday as shares of Chinese bubble tea chain ChaPanda dropped as much as 38 per cent from its listing price in its trading debut....
...Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...At 90p a share, the bid reflects a premium of about a third to the closing price of the stock on Wednesday and is about 4 per cent higher than the net asset value in September, of $1.11 a share....
...Life is sweeter if you’re part of the US market’s so-called Magnificent Seven, the biggest tech groups whose share prices continue to soar. But regulators are circling....
...In a statement, Vodafone said it was “pleased to have received clearance in our home market for our strategic relationship agreement with e&, and for e& to take a seat on our board”....
...Both sellers found substantial demand and placed the shares at a pretty tight discount to the market price: Pfizer’s whopping $3bn sale last month (coincidentally worth about the market value of St James...
...Financially, however, Thoma Bravo’s bid doesn’t look like a knockout....
...This means the GDP deflator — the broadest measure of price movements in the economy — remained in deflationary territory, another sign of excess capacity in the economy....
...With plenty of wine sloshing around the home market, prices collapsed with the cost of bulk wine falling from US$0.87 per litre in 2019 to US$0.52 in December....
...Mixue and Guming, both known for their low prices and for being the first and second-largest bubble tea chains in China, respectively, are also planning initial public offerings in the coming months in Hong...
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