Arm announces Nasdaq float in largest US IPO in 2 years August 22, 2023 SoftBank-owned chip designer Arm has confirmed it will float on New York’s Nasdaq next month in what will be the largest US initial public offering (IPO) in almost two years. Arm, which licenses its chip designs to tech giants like Apple, Nvidia, and Qualcomm, has said the offering is being led by Barclays, Goldman Sachs, [...]
Antofagasta revels in rising copper demand as countries embrace net zero transition August 10, 2023 Higher copper prices and sales has powered Antofagasta to bumper earnings over the first six months of trading this year.
Drax’s share price shows signs of recovery as biomass audit looms September 18, 2023 Drax's share price has recovered from last week when the National Audit Office confirmed it will assess the government's biomass strategy.
Evans Cycles: Big loss revealed in delayed results for brand owned by Mike Ashley’s Frasers Group August 8, 2024 Significantly delayed accounts for Evans Cycles have revealed how far the brand, which is owned by Mike Ashley’s Frasers Group, has slumped further into the red. According to results for the year to April 30, 2023, which have only just been filed with Companies House, Evans Cycles slipped to a pre-tax loss of £23.2m. The [...]
Spring Budget 2024: Investment trusts push for fee disclosure changes March 4, 2024 The issue of fee disclosure has long been an issue for the sector, with the Association of Investment Companies (AIC) leading the charge against this 'double dipping'.
MHA: UK arm of Baker Tilly International hit with £120,000 fine by regulator July 9, 2024 The accountancy regulator has issued financial sanctions against MHA, a former partner and a former employee in relation to the audits of MRG Finance UK Plc
Centrica’s share price suffers as analysts tell investors to take profits October 1, 2023 Centrica begins trading this week having suffered a sharp fall in its share price, with analysts calling on investors to cash in profits.
Schroders boss: Asset management must ‘come to the party and embrace risk’ to revive London markets May 12, 2023 The asset management sector needs to “come to the party” and “embrace risk” in order to revive London’s floundering status as an international financial centre, the chief of Schroders said today, in a rallying cry for sweeping change in the City.
Jeremy Hunt piles pressure on pension funds to back British firms in fresh City shake-up March 2, 2024 Pension funds will be forced to reveal how much of their cash is invested in UK companies and poorly performing schemes will be blocked from taking on new business, in a bid to get retirement cash flowing into the economy, the Treasury has announced,
Abrdn looks to bolster balance sheet with £262m Indian insurer sale September 13, 2022 Asset manager Abrdn has shed a chunk of its stake in Indian insurer HDFC today as it looks to bolster its balance sheet after swinging to a loss in the first half of the year.