Central bank of Norway acquires stake in fast fashion firm Boohoo December 7, 2021 The central bank of Norway has acquired a 3.1 per cent stake in fast fashion retailer Boohoo, according to documents filed on the London Stock Exchange. Norges Bank is now the fifth largest institutional investor in the online retailer, following confirmation of the investment this week. Boohoo co-founder Mahmud Kamani is still the largest single [...]
Gemfields’ shares sparkle after $37.8m emerald auction bonanza December 7, 2021 Gemfields enjoyed a $37.8m boost from its latest auction of rough emerald gemstones with shares up 7.55 per cent in a rebounding market.
Bitcoin’s return to form continues as global markets recover December 7, 2021 Bitcoin continued its steady recovery yesterday. It’s currently changing hands for more than $51k, up eight per cent over the past 24 hours.
Grassroots ESG: Retail activist investment platform Tulipshare raises $11m December 7, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. After launching in July, the London-based startup has raised $10.8m in seed funding from investors including Eurazeo, Speedinvest and Frst, and received backing from the co-founders of friend locator app Zenly [...]
Babcock recovers from heavy pandemic losses with £400m disposals plan and UK contracts December 7, 2021 Babcock has recovered from heavy losses to report an operating profit of £75.4m, following a £400m disposal plan and a growing contract backlog.
Thungela’s shares spike 15 per cent amid rising coal demand and upbeat trading report December 6, 2021 Shareholders in Thungela Resources (Thungela) are set for a hefty windfall as rising coal prices and energy demand strengthen its balance sheet.
Bitcoin recovers after Saturday’s sudden decline December 6, 2021 The Bitcoin price was hovering just below the $48k level this morning, after a sudden drop early on Saturday saw the leading cryptocurrency fall nearly $10,000 in roughly an hour.
Canadian biotech Ondine picks London and floats in £104m IPO December 6, 2021 London’s life sciences assets have been boosted this morning as Canadian-headquartered Ondine Biomedical made its debut on the Aim market at a valuation of £104m. Ondine raised around £23m prior to the listing, and it plans to use the IPO funds to roll out its first product, a “photo-disinfection liquid treatment” that is says destroys [...]
London Stock Exchange shares jump on news it will acquire Quantile for £274m December 6, 2021 Shares in London Stock Exchange Group (LSEG) rose 1.3 per cent this morning, after the bourse said it has agreed to buy Quantile Group, in a bid to strengthen the risk management solutions it offers traders. In a statement released today, the UK’s stock exchange said it would pay as much as £274m for Quantile, [...]
Clarkson expects to beat market expectations with at least £65m profit December 6, 2021 Shipping services provider Clarkson anticipates it will outperform market expectations, with an underlying profit of at least £65m.