Boots: Profit surges at British icon as owner mulls £7bn London float May 29, 2024 Historic pharmacy chain Boots has reported a surge in its pre-tax profit for its latest financial year amid reports its owner is considering a £7bn float in London.
Shares in Atome Energy soar amid fertiliser crisis April 27, 2022 Shares in Atome Energy have soared 24.4 per cent powered by the ongoing fertiliser crisis - which has been exacerbated by raised gas prices.
Home REIT shares tank after attack from notorious short-seller November 24, 2022 Shares in property investor Home REIT tanked nearly 25 per cent yesterday after it came under siege from notorious short seller Viceroy Research over the quality of tenants in its property portfolio.
Cineworld files for bankruptcy in the US September 7, 2022 Cineworld has filed for bankruptcy in the United States, as things go from bad to worse for the beleaguered cinema chain. The cinema chain announced last month that it was voluntarily seeking a Chapter 11 bankruptcy filing in the US, sending shares down 25 per cent. Shares in Cineworld have been in freefall in the past few weeks, with [...]
‘Iron out’ differences on global climate rules, say ECB and IMF August 8, 2022 Global guidelines on corporate climate reporting must fall in line with those in Europe and the US or investors could be hit by fragmented and inconsistent information, the European Central Bank and IMF have warned.
GSK to inject £1bn into new vaccines, as demerger leaves it with ‘less distractions’ June 23, 2022 GSK has announced it will inject £1bn into the research and development of infectious diseases over the next decade, just weeks after a major demerger. The British pharmaceutical giant will focus on diseases that disproportionately impact lower-income countries, in a move predicted by analysts since GSK split from its consumer healthcare division, now a separate [...]
Roof tiler Marley abandons £500m floatation plans amid growing market concerns October 12, 2021 The biggest producer of roof tiles in Britain has abandoned its £500m plans to float on the London Stock Exchange, blaming “market volatility” as investors fear a rise in UK interest rates. Marley Group announced its change of plans this morning despite “considerable institutional investor interest”, according to the company. The news came less than [...]
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]
Private healthcare giant Mediclinic rejects £3.4bn offer from consortium June 9, 2022 Private hospital operator Mediclinic has rejected a £3.4bn takeover approach from a consortium including billionaire luxury goods tycoon Johann Rupert. In an update on the London Stock Exchange, the Mediclinic board confirmed that it received an unsolicited and conditional proposal from a consortium on 26 May 2022. The consortium consisted of South African investment firm [...]
Veteran Fevertree chairman announces retirement May 3, 2022 Longstanding Fevertree Drinks chairman Bill Ronald has announced he will be retiring in May next year. Ronald joined the premium tonics and drink mixer maker in June 2013 ahead of Fevertree’s debut on the London Stock Exchange the following year. He has given a year’s notice to allow the company to start looking for a [...]