Cazoo preparing to enter administration as car retailer attempts to avoid collapse May 8, 2024 Cazoo has signalled its intention to enter administration and not ruled out winding up the company.
Hochschild Mining boss at a loss to explain tumbling shares amid rebounding profits February 23, 2022 Hochschild Mining has reported rebounding revenues and a boost in profits, despite the continuing impact of Covid-19 on its business.
David Beckham-backed Guild Esports signs up Samsung as a sponsor June 21, 2021 David Beckham’s London-listed Guild Esports organisation has signed Samsung as a sponsor. The one-year deal to be Guild’s official display partner is the electronics giant’s first with a British esports team. Samsung is meeting the undisclosed value of the deal with 50 per cent cash and 50 per cent value in kind, in the form [...]
Wise launches cross-currency investment feature for UK customers September 21, 2021 British fintech giant Wise has entered the retail investing space with its new feature “Assets”, which allows UK account holders to invest in stocks across 54 currencies. As of today, individuals and businesses holding Wise accounts will be able to hold their money as stocks and use Assets to invest in BlackRock’s iShares World Equity [...]
UK overhauls development investment body to challenge influence of Chinese loans November 25, 2021 Foreign secretary Liz Truss has revamped the UK’s development investment arm in a bid to offer emerging economies an alternative source of private capital to Chinese loans that can counter Beijing’s influence and avoid “bad and unsustainable debt.” Truss launched British International Investment (BII) this morning at the London Stock Exchange, a body that will [...]
Billionaire hedge fund tycoon Chris Hohn ramps up climate campaign against central banks October 12, 2021 Multi-billionaire hedge fund manager Sir Chris Hohn has ramped up his latest campaign against the banking industry with a set of reforms aimed at quelling its financing of fossil fuel producers, and called on regulators to “immediately reduce” climate-related risk in the financial system. Hohn, who paid himself £343m last year in what is believed [...]
Draper Esprit pulls out of AIM ahead of float on main market June 23, 2021 UK venture capital firm Draper Esprit has confirmed plans to move from the AIM to the main market of the London Stock Exchange. Draper said that the company had reached a size “to justify its migration from the AIM market” following a year of portfolio strengthening. “The company hereby gives notice of the intended cancellation [...]
PensionBee boss: UK is ‘painfully unaware’ when it comes to pension options September 21, 2021 Legislation dating back almost two decades is contributing to a general inertia in the UK when it comes to pensions and is holding people back with their financial planning, according to online pension provider PensionBee’s CEO Romi Savova. “As a society, we are painfully unaware of the huge benefit that our pensions will have for [...]
Archie Norman granted £1.75m ‘singing-on’ fee to join board of Bridgepoint July 22, 2021 Chairman of M&S Archie Norman has been offered a rare signing-on fee of £1.75m to join the board of newly floated buyout group Bridgepoint as the senior independent director. As Bridgepoint took the unusual step of listing on the London Stock Exchange on Wednesday, Norman’s onboarding fee was buried in registration documents detailing the terms [...]
THG targets separate IPO for beauty business September 16, 2021 UK e-commerce company THG said this morning it will spin off its beauty division in a separate listing in 2022, and is also considering stock market listings for its other main ecommerce business, as well as its technology and logistics divisions. A stock market listing comes after THG Beauty – which counts brands such as [...]