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Jimi Hendrix: 1968 autograph sells for €2,362 at auction
Credit: CC/A Vente (VPRO)
Actual figure: Jimi Hendrix’s autograph from 1968 sold for £2,000 (€2,362) at auction. Auctioneer Paul Potter said: “Hendrix is one of the kings of rock and roll and his autographs have fetched four-figure figures on the rare occasions they have come up for sale.”
REMOVING THE CAP The investment bank Morgan Stanley followed in the footsteps of Goldman Sachs and JPMorgan by announcing it was scrapping the cap on bonuses for its bankers working in London, paving the way for the return of $1 million bonuses. The UK decided to remove the cap last year in a bid to revitalize the city and distance itself from European Union regulations.
Employees fear that Boeing’s $4.7 billion (€4.36 billion) takeover of Spirit AeroSystems’ Belfast plant, as it seeks to take control of its supply chain, has raised concerns about the plant’s future. Both employees and politicians fear the deal could lead to staff cuts affecting around 3,500 jobs.
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Amazon has posted record sales of more than €7.1 billion in Spain for 2023, a 10 percent increase compared to the multinational technology and e-commerce company’s revenue of €6.4 billion in 2022. At the same time, the company, which now employs 25,000 people in Spain, did not provide details on its net profit.
A smart move Mark and Lindy O’Hare have sold their 80 per cent stake in investment data firm Preqin to US multinational investment firm Blackrock for £2.5bn (€2.95bn). Once the deal is completed, the O’Hares will be richer than BlackRock founder Larry Fink, who is worth £1.3bn (€1.5bn).
Fair Distribution IBERDROLA announced that it will distribute €2.25 billion in final dividends this summer, paying shareholders €0.351 before tax per share. The energy company’s total performance-based compensation in 2023 will reach €0.558 per share, an increase of 11.38 percent compared to €0.501 paid in 2022.
Retail chain Jessops, which has resorted to running cameras three times since 2019, failed to make a profit in 2023, with sales falling to £20m (€23.6m). In another blow to Dragons Den owner Peter Jones, the chain has been hit with a winding-up petition from HM Revenue & Customs over unpaid tax.
Electric vehicle stimulus Renault will receive a €62 million allocation under the government’s PERTE scheme to produce electric vehicles at its plant in Valencia in northern Spain. Meanwhile, Madrid announced that support for Stellantis, which builds electric vehicles in Vigo and Zaragoza, will rise to €98 million.
In orbit, communications satellite maker Hisdesat has struck a €3.1 billion deal to build and launch six satellites for Spain’s defence ministry, as defence and technology company Indra looks to increase its stake in the company. Hisdesat said the satellites would be the most advanced in Europe, comparable only to those in the United States.
Electric vehicle stimulus Renault will receive a €62 million allocation under the government’s PERTE scheme to produce electric vehicles at its plant in Valencia in northern Spain. Meanwhile, Madrid announced that support for Stellantis, which builds electric vehicles in Vigo and Zaragoza, will rise to €98 million.
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