Redcentric looks forward after FCA prosecutes former finance chief for misleading investors February 14, 2022 IT services provider Redcentric has said it hopes to move on following the prosecution of a former top dog for misleading investors. A case led by the financial regulator culminated in the company’s former chief financial officer, Timothy Coleman, being found guilty of four charges relating to the making of false and misleading statements to [...]
Meta pumped cash into a futuristic vision, but they didn’t prepare for a recession January 12, 2023 The challenge Meta faces is different from that of other companies like Google and Microsoft, because Mark Zuckerberg did nothing to future-proof his company in the event of a recession, writes Howard Yu Meta suffered another blow last week, as the European Union ruled their ad practices in Ireland illegal. The decision resulted in a [...]
Open-outcry trading returns: London Metal Exchange reopens trading floor after 18 months September 6, 2021 Brokers returned to the UK’s only open trading pen today as the London Metal Exchange welcomed back floor trading for the first time in 18 months. The exchange’s famous “ring” filled with traders and will be seen by many as a symbol of life returning to the Square Mile after trading on the site ceased [...]
Go Ahead shares remain suspended with results overdue January 24, 2022 The UK's biggest train operator has requested an extension for filing its accounts after a disastrous year for the company.
Hammer time for Thor Explorations as Nigeria-focused miner lists June 22, 2021 Nigeria-focused gold miner Thor Explorations has this morning listed on London’s AIM market with an expected market capitalisation of around £127m. The firm has a number of assets in the West African country, and is expecting to produce its first gold in July. It is expecting to produce 40,000 ounces of gold from the Segilola [...]
Mark Austin interview: The City needs a culture change – we have to celebrate success March 30, 2023 The City of London is at an “inflection point” reckons the man who wrote last year’s capital raising review – but a year on, with Arm gone and others plotting New York floats, there remains much to do You’d be forgiven for thinking the Square Mile is in rather dire straits at the moment. Firms [...]
LadBible makes confident maiden update with annual growth hitting 80 per cent February 8, 2022 LadBible Group Media, the digital youth publisher, has issued its maiden trading update this morning, with revenue hitting at least £54m, ahead of expectations and representing annual growth of around 80 per cent. Managing brands including LADbible, SPORTbible and Tyla, direct revenue growth was driven by a significant increase in content marketing and direct display [...]
Banks lag on sustainability as regulators prepare to swoop on ESG performance April 21, 2022 Global lenders are lagging behind sustainability goals as watchdogs increasingly look to clampdown on environmental, social and governance (ESG) performance with regulation, a new report has found.
Rio Tinto makes $2.7bn play for control of Mongolian mine March 14, 2022 Rio Tinto has made a $2.7bn cash offer for Turquoise Hill's remaining shares in a bid to gain control of a Mongolian copper-gold mining project.
Fintech PensionBee revenue jumps following listing October 21, 2021 Fintech PensionBee has reported year on year revenue growth of 110 per cent. Its revenue hit £8.9m over the nine months to September 2021, compared to £4.2bn in September 2020, it revealed in results for the nine months to September 30. The company hit 602k registered customers in the third quarter of the year. Adjusted [...]