Karen joined Breakingviews in 2018. She previously worked as an European gas and power reporter at S&P Global Platts in London, and covered funds and stocks at Morningstar UK. Karen also briefly worked at the Press Association, China Daily Europe and Bloomberg. She graduated from the University of Sheffield in 2015 with a degree in Journalism Studies, and did an Erasmus exchange programme in Barcelona, Spain. Born and raised in Hong Kong, she is fluent in both Mandarin and Cantonese.
The ride-hailing giant will pay $3 bln to acquire Dubai-based rival Careem. It shows the group, which is burning through $1 bln a year, can still spend to grow as it prepares to go public. Amid intense overseas competition, the move gives Uber one less thing to worry about.
The UK takeaway group’s sales are soaring and it has a lead in its home market. The problem is that Uber and Deliveroo are eating its lunch. Just Eat can sell assets like the Brazil unit, but investors would be left with a group with no head chef and better-funded competitors.
The Italian puffer-jacket maker’s 2018 sales grew 18 percent year-on-year, disproving fears it might miss out on the recent spate of strong luxury results. Moncler could become an LVMH-style sector aggregator. A rising net cash position and share price give it greater firepower.