Robinhood to allow users to buy into IPOs May 20, 2021 Trading platform Robinhood has said it plans to roll out a platform to allow its users to buy into initial public offerings (IPOs) in a move aimed at democratizing finance. To date users of the commission-free app, as well as other amateur traders, cannot not buy into stock of a newly listed company until its [...]
Morrisons revenue tops £9bn, painting picture of health for bidders September 9, 2021 Morrisons has topped a revenue of £9bn in the past six months, as the bidding battle over the supermarket giant escalates. The retailer enjoyed a revenue lift of 3.7 per cent, including its fuel earnings, in its interim results for the six months to 1 August, painting a picture of health for potential buyers. The [...]
Robinhood poised to publish IPO filings ‘as soon as next week’ May 18, 2021 Trading platform Robinhood is reportedly preparing to publish filings for its initial public offering as soon as next week as it gears up to go public next month. The commission-free app, which saw its popularity surge following a retail trading frenzy during the pandemic, is targeting late June for its float, Bloomberg reported. The filings [...]
All six English clubs abandon JP Morgan Super League plan April 21, 2021 All six English clubs have pulled out of the European Super League (ESL) after plans for the JP Morgan-backed venture were met with a fierce backlash. Manchester City were the first Premier League side to officially withdraw from the competition following reports Chelsea were preparing to do so. Arsenal, Liverpool, Manchester United and Tottenham have [...]
Footwear retailer Shoe Zone could close more stores after revenue takes a kicking May 18, 2021 Shoe Zone saw overall revenue drop to £40.4m in the six months to 3 April, down from £68.9m in the corresponding period a year earlier after lockdown measures saw revenue from physical stores plummet. In the first half of its financial year store revenue at the shoe retailer stood at just £22.8m, down from £63.3m [...]
Exclusive: 1.8m UK adults have become day traders during the pandemic August 11, 2021 Nearly 1.8m adults in the UK have become day traders during the pandemic, pouring into stocks and digital currencies from the comfort of their own homes with varying success, according to new research. Of those that have dipped their toes in the risky business of day trading during the pandemic, 50 per cent said they’d [...]
Top civil servant announced Lex Greensill in key role before joining firm April 16, 2021 A top civil servant embroiled in the Greensill lobbying row reportedly announced the company’s founder as a Crown Representative before later joining the firm. Bill Crothers, who was the government’s chief commercial officer until 2015, joined Greensill as an adviser while still working for the government. Now it’s been revealed Crothers announced the firm’s founder, [...]
Up in the air: Risks pile on for aerospace industry as 737 Max saga continues August 22, 2019 Risks are mounting for the world’s aerospace industry, amid political tensions and delays to Boeing’s grounded 737 Max jet returning to service, according to ratings agency Moody’s. Read more: Boeing takes $4.9bn hit on 737 Max groundings to compensate airlines The grounding of the best-selling passenger jet in March after two deadly crashes killed 346 [...]
Credit Suisse shares rally after Archegos collapse April 1, 2021 Shares in Credit Suisse pushed higher today, clawing back some of their losses sparked by the collapse of US hedge fund Archegos Capital Management. The bank lost almost a fifth of its value after defaults on margin calls by Archegos, a family office run by billionaire Bill Hwang, prompted a fire sale by banks. Credit [...]
Plus500 moves into US with $30m acquisition of futures platform April 21, 2021 After a strong year Plus500 is dipping its toe in the US market with a $30m deal to buy a futures trading platform. The online trading platform this morning announced it has bought the membership interests of Cunningham Commodities, a regulated Futures Commission Merchant, and trading platform Cunningham Trading. The deal represents a growth opportunity [...]