UK addressing the EV battery recycling ‘elephant in the room’ November 16, 2021 The conversion to electric is well underway and has something of the inevitable about it as a determined chase for the net zero economy gathers pace in the UK and Europe.
MusicMagpie hires new chief finance officer following London float November 16, 2021 Recommerce business musicMagpie recruits Matthew Fowler as new executive director and chief financial officer, following Ian Storey’s promotion to chief operating officer at the time of the IPO of the group.
Post-COP26 beating: All eyes on mining firms today after investors dump stocks on merciless Monday November 16, 2021 Investors yesterday dumped mining stocks as the future of coal looks bleak during the first day of trading on the London Stock Exchange since the COP26 agreement was signed over the weekend. Several big names saw falls, including Evraz down 16.8p at 603.2p; BHP down 37.4p at 1923.4p; Antofagasta down 28p at 1,460p and Anglo [...]
World’s second largest publicly-trading zircon producer dual-lists on London Stock Exchange November 15, 2021 PYX Resources (PYX) has become a dual listed company to boost its development plans. The world’s second largest publicly traded zircon producer has now joined the London Stock Exchange’s (LSE) main market. Its primary listing will remain the National Stock Exchange of Australia (NSX). The company will enter LSE with a market capitalisation of £349.2m, [...]
London markets dip as Darktrace continues to tumble November 12, 2021 Cambridge-based cybersecurity firm Darktrace continued to tumble today, dragging London markets down with it. The capital’s premier FTSE 100 index dipped 0.49 per cent to 7,347.91 points, while the mid-cap FTSE 250 lost 0.07 per cent, falling to 23,557.52 points. Darktrace plunged over four per cent during morning exchanges, extended a brutal period for the [...]
Johnson & Johnson spins off consumer business in historic company shake-up November 12, 2021 Johnson & Johnson will spin off its consumer health business in a massive company shake-up. It will continue to develop pharmaceuticals and medical devices, but will create a new publicly traded company to sell household products. The separation reflects the growing divergence between the slow-and-steady world of selling shampoos, mouthwash and moisturisers, and the high-risk [...]
Mandarin Oriental lifted by return of international travel November 11, 2021 Mandarin Oriental has reported its first underlying profit since 2019 as the easing of international travel restrictions boosted its financials. The luxury hotel group reported net debt of $568m (£425m) at the close of the period, but insisted the company remains in a “strong financial position” with $162m available in cash reserves and $296 allocated [...]
Brussels gives City firms extension on clearing deadline November 10, 2021 Brussels has yielded to demands from City firms to allow them to continue to provide a crucial service that keeps financial markets well oiled. The European Union has given British financial institutions more time to provide crucial clearing services to clients in the bloc. The extension was granted due to a lack of capacity within [...]
Crypto Summit & Awards November 10, 2021 The curious and confusing world of cryptocurrency currently sits at a complex crossroads. Regulation and taxation loom large in the rear-view mirror, while governments and banks seem hell-bent on setting up road blocks to slow down the race towards mass public adoption of digital assets. Cryptocurrencies feature high on news agendas – and seldom for [...]
EV company Pod Point announces admission to trading on LSE November 9, 2021 Electric vehicle (EV) charging provider Pod Point announced yesterday its admission to trading on the London Stock Exchange (LSE). The company revealed that its 153.4m ordinary share capital was accepted to the Financial Conduct Authority’s (FCA) official list, under the ticker PODP. The news came a few days after the company confirmed its offer price [...]