Sunday newspaper round-up: Cobham, Recession, Raspberry Pi

11th Feb 2024 19:25

(Sharecast News) - Advent International's Shonnel Malani, who has overseen the dismemberment of Cobham since its purchase in 2019 for £4bn, is preparing the sale of the last bits of the company over the next year or two. Any sale would come amid heightened geopolitical tensions, resulting in a premium for defence assets. Malani also told the Mail on Sunday that Advent may soon have more targets in the UK. - Financial Mail on Sunday

Data due out this week are expected to show that the UK's gross domestic product shrank by 0.1% over the three months to December. That would mean that the country entered a recession at the end of 2023, as the economy had fallen by that same amount during the preceding quarter. It would also constitute an embarrassment for the government and a disaster for the Prime Minister. The latter had pledged that the economy would be growing by the end of last year. - Guardian

Raspberry Pi is studying a possible retail offer as part of its plans to float in London. The hobbyist computer company's chief executive officer said there was a number of ways by which it could be done. The company's international base of fans made a retail offer more difficult but an offer in the UK and EU might be achievable. He also indicated that he now saw little downside to a UK listing as opposed to one in the U.S..- Sunday Telegraph

Games Workshop, the owner of Warhammer, has come under criticism for licensing its intellectual property to Owlcat Games, which is backed by Russian investors. The latter used the Warhammer logo prominently in its branding and just last December released a game for use on platforms that included the PlayStation and Xbox. Games Workshop stopped selling its fantasy figurines in Russia shortly after the country invaded Ukraine, while Owlcat's development teams left Russia in 2022. - The Financial Mail on Sunday