Sequoia plans to invest aggressively in Europe

@peter_IFAMAG reads Twitter so you don’t have to.

Sequoia plan to invest early in European global facing start-ups. Mortgage approvals are on the rise in the UK. While a Bloomberg survey finds 5.8 million Americans are somewhat to very likely to face eviction or foreclosure in the next two months.

Issa Brothers make a bid for Caffe Nero.

Exclusive: EG Group, the petrol retailing giant headed by the billionaire Issa brothers, has launched a daring takeover bid for Caffe Nero, one of Britain's biggest chains of coffee shops, hours before its creditors vote on a rescue restructuring plan. https://t.co/rcvV2X45qR

— Mark Kleinman (@MarkKleinmanSky) November 30, 2020

Consumer credit falls in the UK while mortgage approvals in October are the highest since September 2007.

https://twitter.com/mhewson_CMC/status/1333343544585621506

More data on mortgage approvals.

Mortgage approvals increased by 5.9% in October to 97,532. Growth is slowing, but approvals were 51% ahead of their level in Oct 2019

Will they hit 100,000 in November as the 'V-shaped recovery starts to look more like a ladle#mortgageapprovals #mortgage pic.twitter.com/oX7SCYDxl2

— Anthony Codling (@anthonycodling) November 30, 2020

Meanwhile Bloomberg publishes concerning data from the States. This survey finds 5.8 million Americans fear eviction or foreclosure in the next two months.

About 5.8 m American adults say they are somewhat to very likely to face eviction or foreclosure in next 2 months = a third of 17.8 million adults in households that are behind on rent or mortgage payments.https://t.co/Ci920f0XCk pic.twitter.com/ICnpEW81jd

— Adam Tooze (@adam_tooze) November 30, 2020

KPMG reveal concerns over Wirecard audits.

“Not rocket science” https://t.co/JinyhnvQad

— Stefania Palma (@stef_palma) November 29, 2020

Sequoia set to invest aggressively in Europe.

More importantly, they're also looking to be pretty ferocious in Europe. They only really want global-facing startups, and they're going to come in early (seed/Series A). Expect more B2B action than consumer, too. Also, Lixandru hasn't been given a fixed budget… (2/2)

— Isabel Woodford (@i_woodford) November 30, 2020

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