Sell Asos and buy Currys says City broker January 6, 2025 Analysts have backed Currys as their most preferred consumer stock of the year whilst warning investors away from struggling online marketplace Asos. Panmure Liberum analysts set a target price for Currys at 155p versus its current price of 94.25p. The tech retailer had a strong run last year, with its stock up more than 90 [...]
US activist investors ramp up attacks on UK companies January 6, 2025 US activist investors ramped up their attacks on UK companies in 2024, with British firms continuing as the top target for investor campaigns in Europe. 42 per cent of all activist campaigns in Europe targeted the UK, with 59 companies coming under pressure throughout the year, according to Alvarez & Marsal’s latest Activist Alert Outlook. [...]
Amazon broadband coming to the UK in challenge to Elon Musk’s Starlink January 6, 2025 Amazon has announced its plans to enter the UK’s broadband market, intensifying its long-standing rivalry with tech tycoon competitor Elon Musk and his satellite internet constellation, Starlink. Through its Project Kuiper initiative, the tech giant revealed its intentions to provide high-speed internet to homes, businesses and government customers across the UK. The move, which was [...]
Group hits Shein with labour abuse dossier ahead of Select Committee January 6, 2025 Shein has been provided with a dossier of evidence alleging supply chain abuses ahead of its appearance before a Select Committee on Tuesday.
Keir Starmer hits back at Elon Musk on grooming gang claims January 6, 2025 Keir Starmer has hit back at Elon Musk today after a series of attacks from the Tesla tycoon over the government’s handling of historic ‘grooming gang’ sex abuse cases. In a press conference today, Starmer said an online debate about child sexual exploitation gangs was based on “lies” and those fanning the flames were not [...]
Renais: Gin brand co-founded by Harry Potter star Emma Watson raises £5m January 6, 2025 The luxury gin brand co-founded by Harry Potter star Emma Watson and her brother has raised almost £5m. Renais Gin, which was launched in May 2023, has secured £4.95m on the back of expanding into the US last year. The spirit is now sold in 11 countries while the company has distribution deals agreed with [...]
Tulip Siddiq: City minister referred herself to watchdog over property questions January 6, 2025 Tulip Siddiq has referred herself to the government’s standards watchdog over questions about her use of properties linked to the deposed Bangladeshi leader, Keir Starmer said. The City minister has come under increasing pressure after it emerged she had been given a London flat and lived in another property with links to her aunt, former [...]
UK firms shed jobs at fastest rate in three years amid payroll hikes January 6, 2025 Weak demand and higher payroll costs have led to the steepest decline in service sector jobs since January 2021, according to a new survey. Nearly a quarter of survey respondents reported a fall in workforce levels, while 12 per cent signalled a rise, data from the S&P Global UK Services PMI showed. “Service providers widely [...]
Lloyd’s of London insurer snubs the City with New York IPO plans January 6, 2025 A Lloyd’s of London insurer has dealt a fresh blow to the City by snubbing the London Stock Exchange in favour of New York for its planned IPO, piling fresh pressure on the capital’s bourse after it shrank at the fastest pace on record last year. Aspen Insurance, an underwriting firm which operates out of [...]
Premier League betting wins force Stanleybet into the red January 6, 2025 Betters winning big on Premier League football match results contributed to Stanleybet entering the red, it has been revealed. The Liverpool-headquartered company said a “sustained period of player-friendly sports results”, from the start of the 2023/24 football season, impacted its finances alongside online promotional activity. It added that Stanleybet was one of a number of [...]