StageAcquired | Acquired
About The Kernel
The Kernel, an online news journal focused on pop, Internet and celebrity culture, broke stories that appeared in Time, Gawker, BBC News, and The Guardian, among many others. The Kernel achieved 500,000 unique visitors a month, with a roster of eight permanent editorial staffers in its London offices.
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Latest The Kernel News
Mar 9, 2023
Australian Fund With $102 Billion Plans London Office, Hiring Thai Mall Builder Central Pattana Scouts for Acquisitions as It Lines Up More Mega Projects EBRD Pledges €1.5 Billion Support for Turkey’s Quake-Hit Region Egypt’s Pre-Ramadan Inflation Surge Puts More Rate Hikes in Play Turkey Raises $2.25 Billion in First Post-Quake Global Debt Sale S&P Unexpectedly Cuts Outlook on South Africa’s Junk-Rated Debt Vietnam Scouts for Its Inaugural LNG Shipment After Prices Fall Ukrainian Investor’s Exit Marks Rude Awakening for Warsaw Bourse Asian Stocks Set to Rise After Choppy US Session: Markets Wrap Credit Suisse Delays Annual Report After Last-Minute SEC Query Ukrainian Cities Hit by New Wave of Russian Missile Attacks Al Ansari Doubles Dividend Payout Ahead of Dubai IPO ADIA Nears Buying $500 Million Stake in India’s Lenskart, Sources Say Pakistan Expects IMF Agreement in Few Days After Multiple Delays Dubai Money Exchange Firm Al Ansari to Sell 10% Stake in IPO US Yields Show Ominous Signs for Investors Betting on Rate Cuts Mobius Says Chip Stocks Are Top Bets Amid US, China Investments UK Treasury Appoints Senior Lawyer to Lead Review of IPO Rules Egypt Gets Pre-IMF Flashback to Debt Distress, Devaluation Fears Here are the most risky types of scams in Canada: Report Review your rights before signing paperwork during a layoff: Employment lawyers More than half of Canadians say current economic conditions have impacted retirement plans: Survey Majority of Canadians feel like they're being targeted more than ever by financial fraud: Survey 'Don't be afraid to ask': Tips for young workers in salary negotiations Canadians want to retire by 61, amid financial concerns: CIBC poll Tax credits and deductions for Canadians to consider 5 RRSP season resolutions for a comfortable retirement: Dale Jackson Getting divorced? Here are the top tax considerations to take into account RRSP myths prevail as Canadians rush to contribution deadline: Dale Jackson Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone MPs summon big grocery store CEOs to testify in Ottawa over food inflation 75% of Canadians say any level of debt is a relationship deal breaker: Survey Filing taxes for the first time? Here's what you need to know Nearly half of all insolvencies last year were filed by millennials: Study Panic and confusion grip RRSP season, once again: Dale Jackson Food inflation dips into Super Bowl spreads One-third of households say they're financially worse off compared to year ago: poll What to know about investing with your student line of credit Singapore Keen to Play Peacemaker Amid Growing US-China Tensions Silvergate Slides on Plan to Wind Down Bank Operations and Liquidate Silvergate Bet Everything on Crypto, Then Watched It Evaporate China’s Consumer Inflation Slows as Demand Eases Post-Holiday Lithium Royalty Raises $109 Million in Biggest Canadian IPO Since May Biden to Urge 25% Billionaire Tax, Big Levies on Rich Investors Britain’s Property Surveyors See Improvement in Housing Market Bond Market Rewrites Script for Rates in New Hard-Landing Threat Citigroup to ‘Recalibrate’ Investment Banking Headcount as Needed US Economy Got a Strong Start in 2023, Fed’s Beige Book Says Top Wall Street Banker Ray McGuire Joins Lazard as President What mortgage owners need to know about the Bank of Canada's rate pause US Mortgage Rates Increase for a Fourth-Straight Week VW Turkey Distributor Sinks as Market Balks at Deal With Parent Adler Creditor Sues in Frankfurt to Torpedo London Restructuring The Greenwich Mansion That Grey Goose Built Is Listed for $34 Million SoftBank-Backed Startup Ziroom Is Said to Mull $1 Billion HK IPO Swedish Housing Market Takes Breather From Worst Rout in Decades China Defaulter Jinke’s Global Creditors Turn Onshore for Help Apple Supplier’s Vietnam Chief Exits After Outlining China Shift Ukraine Latest: Cities Across Country Face New Missile Attacks EBRD Pledges €1.5 Billion Support for Turkey’s Quake-Hit Region Egypt’s Pre-Ramadan Inflation Surge Puts More Rate Hikes in Play Vietnam Scouts for Its Inaugural LNG Shipment After Prices Fall Ukrainian Investor’s Exit Marks Rude Awakening for Warsaw Bourse Asian Stocks Set to Rise After Choppy US Session: Markets Wrap Credit Suisse Delays Annual Report After Last-Minute SEC Query Singapore Keen to Play Peacemaker Amid Growing US-China Tensions Ukrainian Cities Hit by New Wave of Russian Missile Attacks Al Ansari Doubles Dividend Payout Ahead of Dubai IPO ADIA Nears Buying $500 Million Stake in India’s Lenskart, Sources Say Dubai Money Exchange Firm Al Ansari to Sell 10% Stake in IPO Philippines Voids Lower Retirement Age for Female Flight Crew Instagram Goes Down for Thousands of Users Around the World Mobius Says Chip Stocks Are Top Bets Amid US, China Investments UK Treasury Appoints Senior Lawyer to Lead Review of IPO Rules Egypt Gets Pre-IMF Flashback to Debt Distress, Devaluation Fears Russian Cyberwar in Ukraine Stumbles Just Like Conventional One Thai Mall Builder Central Pattana Scouts for Acquisitions as It Lines Up More Mega Projects Egypt’s Pre-Ramadan Inflation Surge Puts More Rate Hikes in Play S&P Unexpectedly Cuts Outlook on South Africa’s Junk-Rated Debt Vietnam Scouts for Its Inaugural LNG Shipment After Prices Fall Ukrainian Investor’s Exit Marks Rude Awakening for Warsaw Bourse Asian Stocks Set to Rise After Choppy US Session: Markets Wrap Ukrainian Cities Hit by New Wave of Russian Missile Attacks A Hardy Enzyme May Hold Key to Creating Power Out of Thin Air Ukraine Latest: EU Ministers to Back Plan to Send Ammunition Global Rate Hike Cycle Has ‘Ways to Go,’ Singapore’s Menon Says China’s Consumer Inflation Slows as Demand Eases Post-Holiday Lithium Royalty Raises $109 Million in Biggest Canadian IPO Since May Nissan Says New Powertrains May Cut Hybrid Costs by Up to 30% China’s Burst of Copper Exports Shows Economy Still Struggling Russian Oil Production Will Be Stubborn to Fall, S&P’s Yergin Says Nervous Bolivians Seeking Cash Line Up Outside Central Bank UK Energy Minister Says Green Trade Barriers Must Be Avoided US Energy Regains Its Swagger While Rest of World Gets IRA Envy DBS CEO Gupta’s Total Pay Last Year Rises to $11.4 Million Loonie hits four-month low as Bank of Canada holds key interest rate Bank of Canada holds rates at 4.5% The Bank of Canada held interest rates. What happens next? Former Bank of Canada economist reacts to rate decision Rent prices likely to plateau amid Bank of Canada rate pause: Experts Manitoba pre-election budget offers tax cuts, higher spending The Daily Chase: Awaiting BoC rate decision; Grocers appear before lawmakers Jerome Powell signals increased U.S. rate hikes if economy stays strong Traders are betting the U.S. Fed will hike rates by a half-point in March Loonie at risk of bigger drop as focus shifts to Bank of Canada The Daily Chase: Pet Valu hikes dividend; Looking toward BoC rate announcement Bank of Canada risks falling too far behind Fed, Scotia says Air travellers face higher airport fees following pandemic disruptions Dimon says China relations, war in Ukraine are his top concerns The Daily Chase: Oil under pressure; Cargotjet reports challenging quarter Interest rates are near the historical 'norm': Gordon Reid The Week Ahead: PDAC conference kicks off; Bank of Canada policy announcement Toronto home prices increase for first time in almost a year The Daily Chase: Toronto housing activity cools; Nordstrom to exit Canada Malaysia Ex-PM Likely to be Charged in Court on Friday: Bernama Senate Minority Leader McConnell Is Hospitalized After Fall Ukrainian Cities Hit by New Wave of Russian Missile Attacks UK Treasury Appoints Senior Lawyer to Lead Review of IPO Rules Egypt Gets Pre-IMF Flashback to Debt Distress, Devaluation Fears Ukraine Latest: EU Ministers to Back Plan to Send Ammunition Malaysia Ex-PM Summoned by Anti-Graft Body Amid Funds Probe DeSantis Will Meet GOP Lawmakers in Iowa, a Crucial 2024 State Billionaire Ken Griffin Slammed in Testy Chicago Mayoral Debate Trucker Group Asks Senate to Block Biden’s Pick for Labor Chief South Korean Leader Gets Much-Needed Boost With New Party Boss UK Energy Minister Says Green Trade Barriers Must Be Avoided China’s Xi Calls For More Military Innovation as Spending Rises Senate Passes Republican-Led Effort to Block DC Crime Bill Chilean President Boric’s Reforms in Trouble After Tax Setback Oil Majors Fight Back Against Brazil’s Surprise Export Tax UK Labour Party Pledges £2 Billion for Eight Battery Plants Nigerian Court Says Voter-Verification Devices Data Can Be Reset Canadian Grocers Grilled in Parliament Over Food Price Inflation Ukrainian Investor’s Exit Marks Rude Awakening for Warsaw Bourse Singapore Keen to Play Peacemaker Amid Growing US-China Tensions ADIA Nears Buying $500 Million Stake in India’s Lenskart, Sources Say Instagram Goes Down for Thousands of Users Around the World Mobius Says Chip Stocks Are Top Bets Amid US, China Investments Russian Cyberwar in Ukraine Stumbles Just Like Conventional One UK to Relax EU Data-Protection Law in Bid to Save Business Costs Rolex, Patek Investment Beats S&P Gains Over Five Years Meituan’s Billionaire Co-Founder Joins China’s AI Chatbot Rush Chinese City Backs Return of Lockdowns for Severe Flu Outbreaks Silvergate Slides on Plan to Wind Down Bank Operations and Liquidate Silvergate Bet Everything on Crypto, Then Watched It Evaporate Byju’s Is Said to Seek $250 Million in Aakash Pre-IPO Funding India Antitrust Agency Squeezed by Staff Vacancies and Workload Chinese Chip Suppliers Soar After Reports of Japanese Curbs Bitcoin at Three-Week Low as Silvergate Fallout Weighs on Crypto South Korean Leader Gets Much-Needed Boost With New Party Boss China’s Xi Calls For More Military Innovation as Spending Rises DBS CEO Gupta’s Total Pay Last Year Rises to $11.4 Million The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Grayscale CEO Sonnenshein Says ETF Court Ruling May Come by Third Quarter Fund of Women-Run Firms Is Beating the S&P 500 Since Launching Anti-Woke Scorn Poses Risks for ESG Funds' Concentrated Ownership Grayscale-SEC Fight Could Clear the Way for Anybody to Speculate on Bitcoin Tesla, GM Follow Own Shareholders With Push Into Lithium Miners FTX’s Alameda Sues Grayscale Over Fees, Redemptions From Crypto Trusts JPMorgan Spells Out ‘Volmageddon’ Risk on Zero-Day Option Craze What to Watch as Grayscale and SEC Face Off Over ETF Conversion Stock Traders Are Ignoring Blaring Bond Alarms Gen-Z ETF to Shutter After Teenage Values Pitch Falls Flat Clueless Wall Street Is Racing to Size Up Zero-Day Options Boom Jim Cramer ETFs Arrive to Bet On, Against Mad Money Host’s Picks Credit ETFs Hammered by Record Outflows of Almost $12 Billion Citi Strategists Say Traders Are Piling Up Short Bets on Stocks Cash-Like ETF Attracts $2.5 Billion in Biggest Haul Since 2020 Turkey’s Sovereign Fund Allots at Least $1 Billion to Boost Stock-Market Heavyweights JPMorgan Investment Arm Purges Its ESG Funds of Adani Stocks Foreigners Pull Out From Turkey ETF at Fastest Pace Since 2021 Prodigal Bond Buyers Return to Gilts as £250 Billion Wall Looms BCE CEO says tech hiring & donations continue despite tough economy Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO Manulife CEO on diversification, insurance demand and digital transformation Decision on new Suncor CEO expected 'very soon' Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Reed Hastings explains why he's stepping down as Netflix CEO in blog post Bankman-Fried says in court that he's ready for U.S. extradition SBF sent back to Bahamian jail after catching lawyer off guard with U.S. extradition plan Disney's Iger returns to reckon with his own 15-year Legacy Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars Konrad Krasuski, Bloomberg News , (Bloomberg) -- Eastern Europe’s leading bourse is losing another member as one of the world’s biggest producers of sunflower oil delists from the Warsaw Stock Exchange, citing complaints including poor liquidity and thin analyst coverage. Namsen Ltd — the investment vehicle of Ukrainian businessman Andrii Verevskyi — announced an offer this week to buy out all other shareholders in Kernel Holding SA, the company he founded whose listing in 2007 came amid a push to encourage Ukrainian firms to the Polish exchange. The exit is primarily due to Russia’s invasion of Ukraine just over a year ago, which devastated Kernel’s operations and sent its market value tumbling more than 60%. But the statement announcing the move also cited disappointments with the Warsaw exchange, where the number of traded stocks is now the lowest in more than a decade. Multiple attempts to “improve stock visibility and widen the shareholder base” had largely failed, the company said in a statement. Kernel suffers from a “lack of financial visibility and poor analyst coverage.” And low liquidity stops investors from exiting the stock “in a fast and predictable fashion, especially with the war-related risks.” A representative for the bourse didn’t comment when contacted by Bloomberg on Wednesday. Until recently, Warsaw was a magnet for listings, attracting UK discount retailer Pepco Group in 2021 and its biggest-ever initial public offering from e-commerce platform Allegro.eu SA a year earlier. Kernel’s 2007 debut and three subsequent share issues between 2008 and 2011 raised a total of 1.2 billion zloty ($270 billion). But the economic pain and massive outflows from Polish equities since the invasion have taken a toll. Polish billionaire Sebastian Kulczyk’s chemicals firm, Ciech SA, said it would be able to respond more nimbly to geopolitical and economic challenges once taken private. Pension Revamp Jakub Szkopek, an analyst covering Kernel at Erste Group Bank AG, disputed some of the company’s accusations. Even before the invasion, he said, Kernel traded at a discount to international peers due to geopolitical tensions following Russia’s annexation of Crimea in 2014. “Lack of active communication with investors in the months following the invasion additionally soured sentiment,” said Szkopek, one of four analysts covering the company. “Blaming Polish investors and the bourse, when most of the shareholders were international ones, doesn’t seem valid.” The Polish investor share of the free float is now around 15%, compared with about 80% after the initial public offering, Namsen said. It blamed Polish pension-fund overhauls for that change, saying they eroded the bourse’s natural longer-term domestic investor base. An unsuccessful attempt to raise emergency equity funding in September faced “huge resistance” from minority shareholders, who showed “no interest” in the company’s longer-term prospects, Namsen said. Since the war, Kernel risks becoming “a speculative asset in the hands of hedge funds and short-term investors,” it said. ©2023 Bloomberg L.P.
The Kernel Frequently Asked Questions (FAQ)
Where is The Kernel's headquarters?
The Kernel's headquarters is located at 4th Floor, London.
What is The Kernel's latest funding round?
The Kernel's latest funding round is Acquired.
How much did The Kernel raise?
The Kernel raised a total of $3.75M.
Who are the investors of The Kernel?
Investors of The Kernel include The Daily Dot.
Who are The Kernel's competitors?
Competitors of The Kernel include TMZ.
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