Made.com posts widening losses after furniture retailer puts itself up for sale September 29, 2022 Online furniture seller Made.com has posted widening losses after consumers slowdown on buying homeware items amid the cost of living crunch. The company posted a loss before tax of £35.3m for the six months to 30 June, versus £10.1m a year prior. Earlier this week, Made said it would conduct a strategic review of its [...]
Starmer and Reeves told to put capital markets at heart of economic strategy July 11, 2024 The chief executives of challenger stock exchange Aquis and retail investment platform PrimaryBid have urged the new government to prioritise opening up UK markets to new capital as an engine for economic growth.
FTSE-100 indexer rolls out crypto equivalent amid market turmoil November 29, 2022 The firm behind the FTSE-100 has rolled out a series of crypto indexes today as it doubles down on a push into digital assets despite extreme volatility in the market.
Amid the LSE’s listings drought, could its scrappier little brother AIM deliver? February 8, 2024 With London in dire need of a listings revival, the entrepreneurial spirit facilitated by AIM could deliver, writes Keith Boyfield.
Capricorn scraps Tullow deal in favour of merger with New Med Energy September 29, 2022 Capricorn has dramatically ditched its merger with rival Tullow, instead reaching an agreement with Israeli gas group New Med Energy.
Next snaps up collapsed Made.com in £3.4m swoop November 9, 2022 NEXT snapped up the brand, domain names and intellectual property of Made.com for £3.4m in a prepack administration this morning, just 18 months after it made its £775m London debut. In a statement this morning, Made.com confirmed it had appointed administrators PwC to sell off its other assets and pay off its debts. Former chief [...]
Tech giant Arm to slash hundreds of jobs after Nvidia $40bn takeover falls through March 15, 2022 Cambridge-based technology titan Arm has announced it will slash hundreds of jobs after a $40bn sale to a US tech firm fell through. The chipmaker has informed staff it will cut up to 15 per cent of roles, following the collapse of a sale to rival Nvidia last month. Arm’s chief executive, Rene Haas, told [...]
Finncap seeing ‘green shoots’ of recovery after swinging to £1.7m loss July 13, 2023 City broker and investment bank Finncap said it is seeing “green shoots” of recovery in the market this year as revenues ticked upwards again after it swung to a loss last year.
City A.M. Awards 2023: Investor of the Year February 15, 2023 Never have markets been more difficult to predict – but even in a tough environment there are gains to be had. It’s those investors that still raise the eyebrows of City professionals in admiration. Elliott Advisors The attentions of Elliott, the $60bn multi-strategy investment fund, are not always courted by corporates but the firm’s track [...]
FTSE 100 close: London joins Nvidia fuelled rally following strong PMI February 22, 2024 FTSE 250, which is more aligned with the UK's domestic market, was in the green around 0.27 per cent up, with Indivior's shares at +18 per cent.