British chip designer Arm set for £40bn Wall St debut

By Jessica Clark

Updated: 17:01 EDT, 13 September 2023

British chip designer Arm will begin trading on Wall Street today in what is expected to be the biggest US public listing of the year.

The semiconductor firm has secured enough backing from investors to hit the top end of its £37.60 to £40.80 per share price range, which would value Arm at more than £40billion.

Just 10 per cent of shares in the Cambridge-based company are scheduled to start trading in New York today, raising about £4billion for Japanese owner SoftBank, which will retain a 90 per cent stake.

The company reportedly closed its order book early on Tuesday, indicating strong demand for the shares, most of which has come from institutional investors and tech giants such as Apple, Nvidia, Google, Intel and Samsung Electronics. 

Marketing efforts for the Initial Public Offering have been targeted at institutional investors, leaving retail savers to buy shares at potentially higher prices once they begin trading, according to Reuters.

Float: Arm has secured enough backing from investors to hit the top end of its £37.60 to £40.80 per share price range, which would value Arm at more than £40bn

Susannah Streeter, head of markets at Hargreaves Lansdown, said: ‘The first chance UK investors will get to snap up a slice of the company will be when the company starts trading on the NYSE and so they should be prepared for volatility that often can hit stocks after a launch onto the stock market.

‘Retail investors hoping for a front seat on Arm’s journey ahead should be mindful that the future AI landscape is hard to map.’

Arm’s core business is designing chips for smartphones – it has a 99pc share of the mobile phone market – and it is hoping to expand its reach in cloud computing and artificial intelligence.

The British firm’s decision to list in the US was a blow for the London Stock Exchange.

The company was founded in Cambridge in 1990 and was part of the FTSE 100 when it was publicly listed in London and New York between 1998 and 2016, before it was taken private by SoftBank.

The Japanese investor had planned to sell Arm to rival US chip firm Nvidia in 2020 but the £31billion deal fell apart after hitting regulatory hurdles. 

After the deal failed, UK politicians lobbied SoftBank to have a dual listing in London as well as the New York Stock Exchange. But SoftBank snubbed the City in March, saying New York was the ‘best path forward’.

US listings have become increasingly popular tech entrepreneurs, allowing them to reach higher valuations.

Streeter added: ‘Arm was very much seen as a British success story, but owner SoftBank is pulling no sentimental punches here and wants the best bang for its buck.’

The City suffered a further setback on Tuesday as packaging giant Smurfit Kappa said it would move its premium listing from London to New York as part of a merger with US firm WestRock, meaning it will leave the FTSE 100 index.

Building supplier CRH has also announced plans to switch its primary listing to New York later this month and plumbing supplier Ferguson shifted its listing to the US last year.

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From Snorkies to Puggles and Cockachons to Springbatts, designer dogs are among Britain’s most popular pets of choice.

The question is, how many of the 150 most common mixes could you name?

Thanks to a new study by the Royal Veterinary College (RVC), which looked at where the likes of Irish Doodles, Chugs, Shichons and Goldadors rank in the popularity stakes, a full list is included below. 

Claiming top spot and way out in front are friendly Cockapoos – a cross between a Cocker Spaniel and a Poodle.

Next come Labradoodles, which are a mix of a Labrador and Poodle, while Lurchers, Cavapoos and Sprockers round out the top five.

From Snorkies to Puggles and Cockachons to Springbatts, designer dogs are among Britain’s most popular pets of choice. The question is, how many of the 150 most common mixes could you name?

Top dog: Claiming top spot and way out in front are friendly Cockapoos – a cross between a Cocker Spaniel and a Poodle

Jugs – which are a cross between a Pug and Jack Russell Terrier – claim 6th place, Chorkies 7th, Cavachons 8th, Goldendoodles 9th and Puggles 10th.

Among the other breeds which make the top 20 are Miniature Labradoodles, Schnoodles, Maltipoos, Jack-Chis, Shichons, Australian Labradoodles, Jackapoo, Poochons, Springadors and Yorkipoos.

Dogs are one of Britain’s best-loved pets, with the country’s canine population hitting a staggering 11 million this year, according to the PDSA.

Despite this, there has been surprisingly little research on the popularity of breeds of different ages in the UK.

Pomskies, which are a cross between a Pomeranian and a Siberian Husky, are a popular choice

Cute: A Springbatt (pictured) is a cross between a Basset Hound and a Springer Spaniel

A Cockachon (pictured) is a cross between an American Cocker Spaniel and a Bichon Frise

In their new study, the team from the RVC analysed 2,237,105 dogs across 800 distinct breeds in the UK.

Data collected on each dog included their age, breed, body shape, body weight and sex.

The results revealed that, across all age groups, non-designer crossbreeds were the most popular, making up 24 per cent of the population.

This was followed by the Labrador Retriever (6.9 per cent), Jack Russell Terrier (4.5 per cent), English Cocker Spaniel (4.3 per cent), Staffordshire Bull Terrier (4.2 per cent) and Chihuahua (3.6 per cent).

However, the results were startlingly different when focusing on dogs aged under one year.

Among UK puppies, after general crossbreeds (20 per cent), the most common breeds were the French Bulldog (7.0 per cent), Cockapoo (6.2 per cent), Labrador Retriever (5.8 per cent), English Cocker Spaniel (4.7 per cent) and Chihuahua (4.2 per cent).

Dr Dan O’Neill, Associate Professor in Companion Animal Epidemiology at the RVC, and lead author of the paper, said: ‘With 800 dog breeds available in the UK, this VetCompass study shows there are still plenty of healthy breeds to choose from that do not suffer from extreme body shapes such as flat faces, skin folds or absent tails. 

This cute little dog is a Chiweenie – a cross between a chihuahua and a dachshund

Havapoos – a mixture of a Havanese and Toy or Miniature Poodle – are another popular dog

‘Despite this, many UK owners are still persuaded by social influences and trends into acquiring dogs with extreme body shapes that are likely to result in serious health issues during much of their dogs’ lives.

‘The advice is to stop and think before buying a dog with an extreme body shape.’

Flat-faced dogs’ short-faced ‘brachycephalic’ characteristics did not evolve naturally, and are instead the result of selective breeding.

This facial structure puts them at high risk for a range of health conditions, including skin fold dermatitis, breathing and eye issues.

A study published last year by researchers from the RVC compared the risks of 40 common conditions in pugs with other dog breeds.

This designer dog is a Jug, a cross between a Pug and a Jack Russell Terrier

The team analysed the records of 16,218 pugs and 889,326 non-pug breeds, taken from the VetCompass database.

Their analysis revealed that pugs were at increased risk for 23 out of 40 common disorders.

Pugs were 54 times more likely to have brachycephalic obstructive airway syndrome – a condition affecting the upper airway – and 51 times more likely to have narrow nostrils.

The breed was also 13 times more likely to suffer from corneal ulceration, 2.5 times more likely to suffer from obesity, and twice as likely to have overgrown nails.

Meanwhile, the researchers say the rise in designer crosses such as Cockapoos, Cavapoos, and Labradoodles is also concerning.

Owners often opt to spend huge amounts on these breeds amid the belief that they make better pets, trigger fewer allergic reactions or are easier to look after.

However, the researchers say there is limited evidence to support any of these beliefs.

The team hopes the findings will help prospective owners to make more informed decisions when buying a puppy.

‘We hope this paper encourages prospective dog owners to be thorough in their research and to prioritise the welfare of their new pet – above all else,’ Dr McMillan added.

‘Helping to ensure a long and happy life for their new family member.’

Margot Robbie stuns in pink designer ensemble from Gucci, Versace and Chanel at Sydney Airport as she heads to South Korea with husband Tom Ackerley to promote Barbie movie

By J. Peterson For Daily Mail Australia

Published: 20:43 EDT, 30 June 2023 | Updated: 10:31 EDT, 1 July 2023

Margot Robbie is currently in the middle of a whirlwind publicity tour for her Barbie movie.

And on Saturday, she was spotted leaving Sydney in the early hours of the morning to catch a flight to South Korea.

The 32-year-old looked pretty in pink in a cute designer outfit made up of multiple luxury brands.

She donned a Gucci sweatshirt from the fashion house’s collaboration with Adidas, along with a Chanel purse and a pair of Versace platform slides.

Margot stopped to take selfies with a few fans before joining her husband Tom Ackerley in the airport terminal. 

Margot Robbie and her husband Tom Ackerley were spotted at Sydney Airport on Friday to catch a flight to South Korea

The 32-year-old looked pretty in pink in a cute designer outfit made up of multiple luxury brands, including Gucci and Chanel

Barbie is ‘a fish-out-of-water story about a doll who is ousted from toy society for not being perfect enough.’ 

Another synopsis on IMDB of the movie reads: ‘A doll living in “Barbieland” is expelled for not being perfect enough and sets off on an adventure in the real world. A Live-action feature film based on the popular line of Barbie toys.’

Oscar winner Ryan is starring opposite Margot as he takes on the role of Barbie’s boyfriend Ken.

Will Ferrell is said to be playing the CEO of the toy company that may or may not be Mattel.

She donned a Gucci sweatshirt from the fashion house’s collaboration with Adidas, along with a Chanel purse and a pair of Versace platform slides

Margot couldn’t wipe the smile off her face as she strolled through the terminal

Margot stopped to take selfies with a few fans before joining her husband Tom in the terminal

Little Women and Ladybird filmmaker Greta is directing the project, and wrote the script for the film with her longtime partner Noah Baumbach.

Margot arrived in Sydney on Wednesday with her husband to promote her starring role in Barbie.

The couple were married in 2016 at a secret location in Byron Bay, Australia at an intimae ceremony with about 50 invited guests.

The couple exchanged their vows under a large white teepee-style tent at a luxurious property in Coorabell, in Byron Bay’s hinterland.

Margot and Tom met in 2013 on set of World War II drama Suite Française in France.

Barbie is ‘a fish-out-of-water story about a doll who is ousted from toy society for not being perfect enough’

Pip Edwards embraces her inner cowgirl as she slicks her hair back and dons ‘outback glam’ for Sydney event

By Mary Mrad For Daily Mail Australia

Published: 08:17 EDT, 13 June 2023 | Updated: 09:12 EDT, 13 June 2023

Pip Edwards is known for her love of designer clothes and accessories.

And on Tuesday, the P.E Nation founder, 42, showed off her ‘outback glam’ as she attended an event in Sydney.

The designer flaunted her figure in a black and brown leather coat as she posed for a mirror selfie.

She wore a black fringe dress under the designer jacket, which had a matching belt, and a pair of black stilettos.

Pip tied her blonde locks back and completed the look with a pair of gold earrings.

Pip Edwards looked glamorous in a designer coat as she showed off her ‘outback glam’ at event in Sydney. Pictured

The post comes on the heels of the unfortunate news of P.E Nation downsizing due to ‘challenging market conditions’.

‘In response to the challenging economic conditions, the board of P.E Nation has implemented measures to streamline and restructure the business,’ Edwards stated in an official release to The Daily Telegraph.

‘Regrettably, this has resulted in the difficult decision to make six staff redundant.’

Pip added: ‘These measures align with the overall restructuring efforts, which are necessary to secure the continued growth and success of the business.’

The Sydney socialite launched her activewear label P.E Nation in 2016 with her friend and business partner Claire Tregoning, turning it into an international brand sold by 600 individual retailers in 95 countries.

Earlier this year, Pip was forced to deny rumours of a falling out with Claire – whose office had been cleared out and turned into a ‘creative space’ following a months-long absence.

The post comes on the heels of the unfortunate news of P.E Nation downsizing due to ‘challenging market conditions’

The pair went on a business trip to the UK together in November 2022, where they promoted their athleisure company, took selfies in London, and lunched with the likes of former foreign minister Julie Bishop.

But Daily Mail Australia revealed there were rumours swirling the deep friendship at the core of the business may have crumbled during their luxury trip away.

A source with knowledge of the company’s internal dealings alleged: ‘Pip and Claire have had a falling out.’

The source said Tregoning took one month off in December, extended her break for another month in January, and then opted for another three months’ leave.

Her office in the company’s Sydney headquarters has now been cleared and repurposed as a ‘creative room’.

A P.E Nation spokeswoman denied that the pair are feuding, insisting they remain ‘committed and collaborative business partners’.

The socialite launched her activewear label P.E Nation in 2016 with her friend and business partner Claire, turning it into an international brand sold by 600 individual retailers in 95 countries 

‘Claire is taking some well-earned time off and remains an important part of P.E Nation,’ the spokeswoman said. ‘(She) is taking a well-earned sabbatical for a few months.’

Tregoning reiterated the message when contacted for comment, adding: ‘The business and Pip have both been great supporters of my sabbatical and I am grateful to have this time off with my family.’

She did not respond to questions about her office at headquarters being cleared out, however the P.E Nation spokeswoman admitted it has been repurposed for the duration of her absence.

‘Whilst Claire is not in the office, we are using her office space for other purposes, including a meeting and creative room,’ they said.

Earlier this year, Pip was forced to deny rumours of a falling out with Claire – whose office had been cleared out and turned into a ‘creative space’ following a months-long absence 

British fashion designer Jeremy Hackett reveals his do’s and don’ts for summertime dressing. He recently created staff uniforms for Mandarin Oriental Hyde Park, London. He’s pictured above at the property

Summer means casting heavy winter coats and jumpers aside in favour of a light and breezy wardrobe.

But what does the optimum summer wardrobe look like? British fashion designer Jeremy Hackett, who co-founded the menswear label Hackett, has the answer.

Speaking to MailOnline Travel, the sartorial tastemaker, 70, reveals his ultimate do’s and don’ts for summertime dressing, lifting the lid on the garments that are a waste of money – and the ones that are a worthwhile investment.

FABRICS 

Choosing the right fabrics is important when it comes to beating the heat. Hackett, who opened his first shop on London’s New King’s Road in 1983, says: ‘Anything in linen is perfect and, although it creases, [this] adds to its charm and gives off a casual understated air.’

He continues: ‘Seersucker is wonderful to wear and is usually made in stripes. A pair of blue and white striped seersucker trousers worn with a navy polo is a classic summer look. There has been a revival in towelling shirts and even relaxed towelling jackets that have a 1950s vibe.’

Though it might surprise some, wool is another material that Hackett recommends wearing. He says: ‘There is a misconception that wool is too hot for summer but there are incredibly fine lightweight woollen fabrics that are not only breathable but crease resistant.’

Hackett says that he’s not a fan of dark brown clothing in the summer months, though admits that ‘it’s odds on that it will be the next big fashion statement’ 

Hackett admits he thinks it’s a fashion faux pas to wear synthetic football shirts when travelling

Hackett, who landed his first gig working in a clothes shop at 17, says the worst kind of material you can wear in the hotter months is ‘anything synthetic’. 

There’s one look in particular that he deems a fashion mistake. He says: ‘I abhor the synthetic football shirt with synthetic shorts or vests I see so often worn at airports when I am travelling.’

WHAT’S A WASTE OF MONEY 

What’s the biggest waste of money when it comes to shopping for summer clothes? He says: ‘It is often items that you packed but never wore and remained in your suitcase for the whole of your holiday but seemed like a good idea at the time… perhaps the oversized snazzy but gaudy Hawaiian shirt that you bought online because it was on sale.’

WHAT’S WORTH INVESTING IN 

If you have cash to spare, there are a few items that Hackett recommends you invest in for your capsule summer wardrobe.

The first, he reveals, is ‘an unstructured navy blazer that can be thrown over shorts to take you elegantly from the beach to the restaurant’.

Secondly, he recommends putting your money into a linen safari shirt or jacket in khaki or navy.

White cotton trousers are another worthwhile purchase, he reveals, as is a ‘simple cotton sweater for chilly evenings on board your yacht in the South of France or even Southend’.

COLOURS 

When it comes to colour palette, Hackett says that ‘the pairing of navy and white can’t be beaten’.

Hackett reveals that stripes are his number one print for summertime, as they’re evocative of the style of Hollywood star Cary Grant

‘A bandana is a retro addition and can always be used to mop your brow when sitting in the midday sun,’ says the designer 

And patterns? Hackett reveals that stripes are his number one print for summertime, as they’re evocative of the style of Hollywood star Cary Grant. 

He recommends wearing everything from striped polos and striped pullovers to striped trousers and striped swimming shorts, though he adds: ‘I would avoid wearing them all together and keep away from striped deckchairs.’

Certain looks that were once considered sartorial blunders have come back into style, Hackett reveals. He says: ‘Socks and sandals have long been a fashion faux pas but having said that, only the other day fashion editors were declaring that the socks and sandals were now incredibly chic.’

The same goes for wearing shades of brown in the summertime, he reveals, noting: ‘I am not fond of dark brown in the summer but now that I have said that it’s odds on that it will be the next big fashion statement.’

ACCESSORIES 

Meanwhile, accessories have a big part to play in nailing a successful summer look.

Hackett reveals: ‘With the sun beating down a hat is essential be it a Panama hat, a straw hat or a baseball cap and if you really wish to look like an Englishman abroad a knotted handkerchief will do the trick.’ 

He continues: ‘A bandana is a retro addition and can always be used to mop your brow when sitting in the midday sun.’

If you need inspiration for the brands to look out for, Hackett recommends Margaret Howell for ‘classical but not old fashioned’ womenswear. Naturally, he suggests that men head to Hackett for their new summer looks.

Hackett’s brand recently partnered with Mandarin Oriental Hyde Park, London, to create staff uniforms for a series of ‘Summer Sessions’ outdoor events the central London hotel is holding on its grounds. 

Upcoming events include a wine-themed afternoon spent celebrating English Wine Week and a ‘lobster and chips feast’.

Could this be the world’s most fashionable hotel? It’s certainly going to be a top choice for the well-heeled.

Vermelho, the first-ever hotel to be created by legendary shoe designer Christian Louboutin, has opened its doors in Portugal.

Newly built, the 13-room ‘secret getaway’ is nestled in the heart of Melides, a little coastal village in the country’s Alentejo region.

The name ‘Vermelho’ comes from the iconic shade of red that coats the sole of the designer’s shoes.

Christian Louboutin, who founded his eponymous brand in Paris in 1992, says: ‘I realised many people have the fantasy of designing or owning a hotel. I like to make my dreams a reality. That is why Vermelho is born.’

Vermelho, the first-ever hotel to be designed by the legendary shoe designer Christian Louboutin, has opened its doors in Portugal

Newly built, the 13-room ‘secret getaway’ is nestled in the heart of Melides, a little coastal village in Portugal’s Alentejo region

Christian Louboutin, who founded his eponymous brand in Paris in 1992, says: ‘Many people have the fantasy of designing or owning a hotel.’ The name ‘Vermelho’ comes from the iconic shade of red that coats the sole of the designer’s shoes

The French fashion maven continues: ‘This project allows me to empty my storage full of antiques and objects I have purchased over many years! Furthermore, it is an opportunity to show the excellence of many artists and artisans I admire.’

The designer first passed through Melides a dozen years ago, and was quickly ‘mesmerised’ by the ‘dreamy atmosphere’ of the village’s pine forest and ‘the unique beauty of the sunlight on [its] lagoon’.

Smitten, he restored a small fisherman’s shack in the village and has returned there every June since to design his winter shoe collection.

Set to bring fashion lovers around the globe to Melides, Louboutin’s new hotel – which welcomed its first guests in April – is said to offer a ‘home-like experience’ amidst décor that offers an ‘eclectic, maximalist aesthetic’.

The retreat is filled with antiques and objects that the fashion maven has purchased ‘over many years’

The hotel is said to offer a ‘home-like experience’ amidst decor that offers an ‘eclectic, maximalist aesthetic’

Louboutin says that launching the hotel gave him the opportunity to ‘show the excellence’ of many artists and artisans that he admires

The designer first passed through Melides a dozen years ago, and was quickly ‘mesmerised’ by the ‘dreamy atmosphere’ of the village’s pine forest and ‘the unique beauty of the sunlight on [its] lagoon’

In building Vermelho, he enlisted the help of the architect Madalena Caiado, with whom he collaborated on the design of his Lisbon home, which lies little more than an hour north of Melides.

Stroll into the lobby and you’ll spy a ‘gigantic’ green and gold gigantic glass-blown chandelier that has been crafted by artisans in India.

The Greek painter Konstantin Kakanias embellished the walls of a suite on the second floor of the hotel, with the artist noting: ‘The suite that I painted for Vermelho is basically inspired by the famous Villa Kerylos [an Ancient-Greek-Revival-style villa built in the early 1900s] in the south of France, but also pays tribute to 17th and 18th-century frescoed Italian villas and imaginary places that I would have liked to visit. 

‘Like Christian himself, it is a mosaic of memories, feelings and desires.’

During a stay at the boutique retreat, guests can indulge in spa treatments and massages

Guests can sip on cocktails at the Vermelho bar (left), home to a decadent silver-leaf-covered bar counter. The hotel is said to embody ‘the quintessence of the audacious spirit that so defines Christian Louboutin’

Standout decorative features in the property include the colourful tiles, which have been crafted in Portugal’s Azeitao region

The hotel’s restaurant, Xtian, is run by Chef David Abreu

There’s more ‘exuberant’ artwork from the sculptor Elisabeth Lincot – her ‘Lagrima de Loros’ installation in the hotel is composed of a hundred glazed ceramic bird heads.

Other standout decorative features in the property include the colourful tiles, which have been crafted in Portugal’s Azeitao region.

During a stay, guests can indulge in spa treatments and massages, or sip on cocktails at the Vermelho bar, home to a decadent silver-leaf-covered bar counter.

The hotel’s restaurant, Xtian, is said to plate up the ‘culinary treasures of Portugal’. It’s run by Chef David Abreu, whose signature dishes include wild boar stew followed by ‘drunk pears’ – pears cooked in a wine-based syrup – for dessert.

Summing up the ethos of the retreat, a statement says: ‘Embodying the quintessence of the audacious spirit that so defines Christian Louboutin, Vermelho Melides is an exclusive, yet friendly hotel, open to the world while celebrating Iberian Peninsula savoir-faire and traditions.’

Rooms are priced from £452. Visit vermelhohotel.com.