Gemini and Genesis charged by SEC over unregistered offer and sale of crypto securities January 12, 2023 The SEC has tonight charged Genesis Global Capital, LLC and Gemini Trust Company, LLC for the unregistered offer and sale of securities.
Pendragon shares tumble after Hedin drops takeover bid October 4, 2023 Pendragon shares slumped over six per cent this afternoon after a joint takeover bid for the company was taken off the table. Hedin Mobility Group and Penske Automotive Group confirmed on Wednesday afternoon they do not intend to make an offer, ending their part in a three-way bidding war for one of the UK’s largest [...]
Government borrowing smashes expectations but debt-to-GDP highest since 1960s – CityAM : CityAM August 20, 2021 Government borrowing smashed official forecasts last month as the deficit narrowed by nearly half its levels registered at the height of the Covid crisis, official figures released today reveal. Data released by the Office for National Statistics shows in July of this year, public sector borrowing reached £10.4bn, the second highest figure for the month [...]
Before the Bell: Coronavirus mutation unsettles the market as London faces Tier 3 December 15, 2020 European markets underwent a rather mixed session yesterday, with the FTSE100 underperforming after it was announced that London and a good part of the south east of England was being put into tier 3 restrictions at midnight tonight, due to a new strain of the coronavirus which was spreading at a faster rate. “This of [...]
Mike Ashley’s Frasers Group hires former HS2 and HMRC boss June 3, 2024 Mike Ashley's retail empire Frasers Group has joined the former chair of HS2 and CEO of HMRC to its board.
City A.M. TV: Daily Market Snapshot (video) March 15, 2021 Markets globally pushed higher last week. In many instances the gains were pretty marked. The key US S&P500 index was up over 3 per cent on the week; the NASDAQ, which has been the centre of weakness in much of 2021, was up over 5 per cent; while the US mid-caps rallied aggressively (+7 per [...]
The Works hoping to return to profit growth following challenging year May 21, 2024 Discount books and crafts supplier The Works is hoping to deliver more than £8m in profits next year, following a challenging 12 months in which it closed dozens of shops across the UK.
Boohoo posts first ever UK sales drop as fast fashion struggles to keep shoppers spending June 16, 2022 Boohoo has posted its first UK sales drop in the fast fashion retailer’s history, pointing to supply chain disruption and a struggle to be competitive with international players. In a trading update on Thursday, the Manchester-based retailer posted a one per cent drop in UK revenue while overall sales plunged eight per cent in the [...]
Hilton Food Group trades in line with expectations despite tough market May 20, 2024 Food packaging company Hilton Food Group said volumes and sales are trading ahead of the same period last year, as the business continues to trade in line with board expectations.
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]