Made snaps up boutique marketplace Trouva as homeware firm doubles down on growth plans May 9, 2022 Homeware firm Made has snapped up independent boutique platform Trouva, as it seeks to expand its product range. Trouva, which works with some 700 boutiques across Europe, will continue to be run as a standalone brand under its current leadership. In an update on the London Stock Exchange, Made said the acquisition would allow the [...]
City growing more comfortable with idea of Labour govt, says ex-Tory minister August 2, 2022 The City is getting more comfortable with the idea of a Labour government as it reverts to a New Labour-like policy direction, according to former Tory minister Lord Jim O’Neill. O’Neill, a crossbench peer who is heading a review of start-up funding for Labour, told City A.M. that the party under Sir Keir Starmer has [...]
Seraphine: Maternity brand adored by Kate Middleton sees shares plunge as hefty headwinds loom May 5, 2022 A maternity brand whose clothes have been flaunted by Kate Middleton has seen its shares plunge almost 40 per cent after a gloomy forecast. Shares in Seraphine plummeted some 38 per cent on Thursday as the digital-led fashion brand lowered its expectations for the coming year amid war in Ukraine and other macroeconomic headwinds. The [...]
Go-Ahead says government decision to strip rail operator from South Eastern franchise cost £51.3m February 24, 2022 Go-Ahead group’s stripping of the London Southeastern rail franchise is to cost the business around £81.3 million, the company said. Bosses revealed they expect to pay the Government £51.3m over its failures in running the service, which it lost last year, and has put aside £30m for a possible fine. Around £49.2m has already been [...]
THG on warpath to prove collusion as firm hands City regulator data dossier January 9, 2022 E-commerce firm THG has given a dossier of data to the Financial Conduct Authority (FCA), in a bid to prove hedge funds and stockbrokers conspired to push its share price down. THG chief executive Matt Moulding believes a dossier of irregular stock market trading and short-selling data will prove collusion against his company, according to [...]
Macron calls for cap on ‘shocking’ exec pay as French president faces election battle with Le Pen April 16, 2022 Emmanuel Macron has called for a cap on blockbuster executive pay, in his campaign to be re-elected president of France. Macron said a €19m pay packet for the boss of carmarker Stellantis was “shocking and excessive,” as he makes his case in the run-up to the final vote for the French presidency. The politician is [...]
Flowing to an “oasis of stability” November 16, 2022 Kazakhstan is emerging as a key investment opportunity as the nation spreads its wings economically and enters a new phase of its political development under President Kassym-Jomart Tokayev. Businesses including satellite company OneWeb and US technology group Honeywell have recently begun operations in the country, while international investors Franklin Templeton, VPE Capital and Vedra Partners [...]
John Menzies dubs offer from Kuwait suitor as ‘fundamentally undervaluing’ firm February 15, 2022 Aviation services firm John Menzies has dubbed a rejected offer from NAS Holding as “opportunistic”. In an update on the London Stock Exchange on Tuesday, the firm said the offer made by NAS Holding, a subsidiary of Agility, was “opportunistic [and] conditional” with terms that “fundamentally undervalue Menzies and its future prospects.” A cash proposal [...]
London’s Oxford Cannabinoid Technologies to launch twin US listing December 1, 2021 London-listed Oxford Cannabinoid Technologies (OCTP) is set to open a twin listing in the US to ensure investors have “easier access”. Investors were seemingly pleased with the move, as OCTP’s share price surged 17.9 per cent by mid-afternoon. Landing on the US’ OTC Equity Market under the ticker OCTHF, the cannabinoid pharmaceutical firm said that [...]
Troubled miner Polymetal International postpones dividend decision April 13, 2022 Anglo-Russian miner Polymetal International (Polymetal) has postponed the decision on its final dividend payment for 2021.