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Small British satellite specialist sees shares rocket on deal with Elon Musk's SpaceX
10/02/25 12:57
Shares in an AIM-listed satellite communications specialist soared after it revealed another significant contract win with Elon Musk's SpaceX. It told shareholders it had agreed a $20.9million (£16.8million) deal to provide SpaceX, the group's top customer, with radio frequency solutions over the 2025 and 2026 financial years....read
Cab Payments CFO resigns in potential blow to turnaround efforts
10/02/25 09:11Cab Payments fell on Monday after the fintech group announced its chief financial officer had resigned with immediate effect.
FTSE 100 rockets to fresh record high after 'dovish' BofE base rate cut
06/02/25 02:16The FTSE 100 close at a new record high after soaring 103.99 points to 8727.28 today.
Anglo American to mine fewer diamonds as demand wanes ahead of De Beers sale
06/02/25 09:44Mining giant Anglo American has cut forecasts for its rough diamond output over the next two years, as demand for the stones continues to wane.
Shein IPO hopes dealt another blow as Trump closes import loophole
05/02/25 02:59The burgeoning trade war between the US and China could further dent Shein's potential blockbuster listing on the London Stock Exchange, according to analysts.
Grainger rents soar as UK's biggest private landlord bets on build-to-rent
05/02/25 10:44Grainger saw rental income rocket 15% over the last four months as Britain's biggest private landlord forecast a strong outlook for the build-to-rent sector.
Two more investment trusts REJECT Saba takeover in fourth and fifth defeats
04/02/25 01:09Saba has suffered its fourth and fifth consecutive defeat at the hands of investment trust investors after the shareholders of two more funds rejected its takeover proposals.
YouGov boss exits after pressure from activist investor Gatemore
04/02/25 10:25YouGov chief executive Steve Hatch will step down with immediate effect following pressure form an activist investor.
Crest Nicholson boss readies strategy shake-up after housebuilder's profits halve
04/02/25 08:47The chief executive of Crest Nicholson is set to reveal a strategy overhaul next month after the housebuilder's pre-tax earnings more than halved last year.
Saba takeover rejected by Baillie Gifford US Growth and Keystone Positive Change investors
03/02/25 04:27Saba has been handed a second and third defeat at the hands of UK investment trust investors, after USA and KPC shareholders rejected the hedge fund's proposals.
FTSE falls on Trump trade war fears as gold continues its ascent
03/02/25 09:59The FTSE 100 opened sharply lower on Monday morning as the threat of a looming trade war hit stock markets around the world and investors crowded into safe have assets.
After DeepSeek disruption, should tech investors back big R&D spenders?
01/02/25 07:00Capital expenditure was the watchword for investors ahead of this January's tech earnings season - but that was before DeepSeek showed up.
ECB cuts interest rates again as German economy teeters on recession
30/01/25 02:53The European Central Bank cut interest rates again on Thursday after separate data showed economic stagnation, led by contraction in Germany and France.
Wizz Air shares plummet despite record traffic as planes grounded
30/01/25 09:27Wizz Air's performance has been kneecapped by a recall of Pratt & Whitney 'geared turbofan' engines - or GTFs.
US car parts firm to merge with GKN Automotive owner Dowlais in £1.2bn deal
29/01/25 08:50GKN Automotive owner Dowlais is set to be acquired by a US firm in a deal worth almost £1.2billion, less than two years after it was spun-out of Melrose Industries .
Why DeepSeek AI sell-off could be a prime buying deal
28/01/25 03:57Many investors will have felt a sinking feeling after bombshell revelations about China's DeepSeek AI forced a sharp sell-off in the shares of established tech giants.
DeepSeek AI sell-off could be a golden buying opportunity - here's why...
28/01/25 03:12Many investors will have felt a sinking feeling after bombshell revelations about China's DeepSeek AI forced a sharp sell-off in the shares of established tech giants.
Mike Ashley's Frasers buys significant stake in Matt Moulding's THG
28/01/25 09:14Frasers Group has bought a significant stake in THG after the e-commerce group last week said it expects to return to growth this year.
Bloomsbury renews Amazon distribution deal in final hour agreement
24/01/25 03:31Bloomsbury shares jumped on Friday after the Harry Potter publisher secured a last-minute deal to renew its supply agreement with Amazon.
Burberry eyes profitability as shoppers warm to back-to-basics shake-up
24/01/25 09:08The group's renewed focus on 'timeless British luxury' helped drive bumper festive trade - as well as ads featuring Chelsea footballer Cole Palmer.
British chipmaker IQE sees shares soar despite semiconductor slowdown
23/01/25 08:56The British chipmaker told investors that cost cutting efforts had helped lift profits ahead of expectations.
Herald Investment Trust shareholders vote AGAINST Saba takeover
22/01/25 03:50The board of the Herald Investment Trust has claimed victory over Saba Capital after shareholders rejected the hedge fund's attempt to seize control of the company.
BlackRock agrees deal with Saba to protect its trusts from coup chaos
22/01/25 08:54BlackRock has revealed an agreement with activist hedge fund Saba Capital it hopes will protect its London-listed investment trust from the disruption faced by peers.
Kier Group preps £20m buyback as infrastructure firm cashes in on Labour's homes plan
21/01/25 11:29Kier Group will buy back £20million from investors as the infrastructure group continues to cash in on major public spending initiatives and slash its debts.
Abrdn returns to net inflows as boss bets on Interactive Investor growth
21/01/25 10:26Fund manager Abrdn returned to net inflows in the final three months of 2024, thanks to growth in its investments and Interactive Investor businesses.
Unemployment rises as jobs market begins to show weakness
21/01/25 09:07Unemployment ticked higher in November as the number of job vacancies contracted again, amid mounting evidence Budget measures are weighing on the labour market.
Barclays urges FCA to rethink strategy to boost DIY investor access to corporate bonds
20/01/25 12:23Plans to boost retail access to Britain's corporate bond market risk falling flat under the City watchdog's current approach, Barclays has warned.
Investment trusts make final investor pleas ahead of Saba takeover votes
20/01/25 10:32European Smaller Companies Trust and Edinburgh Worldwide have followed investment trust peers in making their final pleas to shareholders to reject proposed takeovers by Saba Capital.
The investment trust sector will never be the same after Saba's intervention, says MIKE SHEEN
18/01/25 07:00Boaz Weinstein slammed the 'jingoism' of the British financial press and City figures earlier this week as he laid on an unusual but highly consequential charm offensive.
William Hill owner Evoke on a roll as turnaround strategy starts to pay off
17/01/25 09:48Shares in William Hill owner Evoke rose on Friday after the gambling group lifted profit guidance, following a second consecutive quarter of revenue growth.
February Bank of England rate cut a 'sure bet' as growth stumbles and inflation falls
16/01/25 11:28The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth.
'The UK needs this': Saba boss claims investment trust coup will revitalise the UK market
14/01/25 03:22The hedge fund behind a planned takeover of seven London-listed investment trusts has revealed plans for a new strategy it claims will help revitalise the entire sector.
Robert Walters profits wiped out by global hiring slowdown
14/01/25 10:52Recruitment group Robert Walters expects to report no profits for 2024 after a year 'marked by muted client and candidate confidence'.
Ocado cheers record Christmas sales as customer numbers climb
14/01/25 10:27Ocado secured record sales over the crucial Christmas trading period as the online grocer's customer numbers soared above one million.
JD Sports out of the race to £1bn profit after another downgrade
14/01/25 09:03The Bury-based group had hoped to follow fellow retailers Tesco, M&S and Kingfisher in achieving £1billion in pre-tax profits, but is now set to be beaten to the milestone by Next.
Entain shares rise as UK punters fail to beat the bookies
13/01/25 10:52Entain shares rose after the gambling giant upgraded profit guidance, despite its US business suffering 'customer friendly' sports results in the fourth quarter.
Climate policies probably more inflationary than expected, says Bank of England deputy
10/01/25 11:40Policies designed to fight climate change 'probably' had a bigger impact on the inflationary upheaval of recent years than first thought, Sarah Breeden said.
Saba lures in Herald shareholders with cash exit offer
09/01/25 12:37The hedge fund attempting to seize control of seven London-listed funds is hoping to win over Herald Investment Trust investors with the offer of a cash exit.
B&M shares dip 13% as discount retailer's festive sales disappoint
09/01/25 09:48B&M shares nosedived on Thursday after the discount retailer's store expansion drive failed to deliver significant sales growth over the crucial festive trading period.
Marks & Spencer saw blockbuster Christmas trade including best EVER day for food sales
09/01/25 09:13Marks & Spencer looks to be the big retail winner of Christmas 2024 after the group's sales soared ahead of market expectations.
Faberge owner Gemfields hit by Zambia emerald tax
08/01/25 01:44London-listed Gemfields, whose ambassador is actress Mila Kunis, has been blindsided by the imposition of a double-digit tax on the export of gemstones from Zambia.
Second major fund manager joins calls for shareholders to reject Saba coup
08/01/25 01:40Janus Henderson has joined rivals in urging investors of its London-listed investment trusts to reject a takeover attempt from US hedge fund Saba Capital.
Topps Tiles boss to retire after sales enjoy festive bounce
08/01/25 10:45Topps Tiles surpassed expectations in the final weeks of 2024 as the retailer made progress with efforts to boost professional trade sales.
Hornby turnaround 'on track' as Christmas sales defy retail gloom
08/01/25 08:48The model train maker's sales outperformed High Street peers over the crucial Christmas trading period.
High Street faces Christmas washout as Autumn Budget stifles 'golden quarter' of sales for retailers
07/01/25 09:36The crucial Christmas trading period failed to save a disappointing so-called 'golden quarter' for British retailers, as sales fell short of expectations, according to fresh data.
Keystone Positive Change investors urged to vote against activist Saba scuppering plan for investment trust
07/01/25 06:00Keystone Positive Change investors have been urged to vote against Saba and back the board's plans to merge with Baillie Gifford Positive Change fund.
Food price inflation could rise to 4% in 2025 as analyst DOUBLES forecast
06/01/25 11:55Peel Hunt also cited the UK's overreliance on European Union imports and the country's strained relations with the bloc.
Labour workers' rights shake-up sees small firms slash jobs and cut hiring
06/01/25 12:01Nearly a third of small businesses plan to axe staff this year in response to legislation introduced by the new Labour government, survey data suggests.
AI rally 'far from over' says UBS as it eyes further big tech gains in 2025
03/01/25 12:41Billions of dollars of investment into artificial intelligence is set to propel tech stocks to yet another year of bumper gains, according to the bank.
Tullow shares gush as oil firm handed $320m tax exemption
03/01/25 09:11Tullow Oil shares soared on Friday after the London-listed firm revealed it would no longer have to pay a tax bill worth $320million (£258million).
Disappointing London debut for AI platform Pri0r1ty as shares sink
30/12/24 12:10Shares in artificial Intelligence firm Pri0r1ty fell sharply at the open of their first day of trading on London's junior market.
Thruvision names finance chief as new CEO after share price crash
30/12/24 09:51Security tech firm Thruvision has named finance chief Victoria Balchin as its new boss.
How the stock market Santa Rally was derailed - after Trump delivered an early boost
24/12/24 07:00Stock market investors have been denied a so-called Santa Rally in the closing stages of 2024, after a year dominated by geopolitical turmoil and macroeconomic headwinds.
Frasers to name fresh Boohoo board pick after Mike Ashley gets rejected
23/12/24 11:30Frasers will propose a fresh candidate to join Boohoo's board, after the retailer's shareholders rejected the appointment of founder Mike Ashely last week.
British AI star Seeing Machines secures £26m Mitsubishi investment
23/12/24 10:26Automotive giant Mitsubishi has bought a 15 per cent stake in Seeing Machines as part of a partnership designed to accelerate the London-listed firm's growth.
Direct Line car insurance available on a price comparison site for the first time
20/12/24 03:44Those on the hunt for insurance deals will be able to find Direct Line policies on a price comparison website for the first time.
Activist Saba launches board and management coup at seven London-listed investment trusts
19/12/24 09:35An activist investor is hoping to seize control of seven underperforming London-listed investment trusts after urging shareholders on Wednesday to sack their respective boards.
What does rising inflation mean for you - and has it killed off a Bank of England interest rate cut?
18/12/24 09:22Inflation in the UK climbed to 2.6 per cent in November, it was revealed today, as the rise in the cost of living accelerated again.
Tullow Oil shares sink as US rival Kosmos Energy abandons takeover
17/12/24 12:11Tullow Oil shares plunged on Tuesday after Kosmos Energy abandoned the takeover pursuit of its London-listed rival.
Indivior finance chief quits board role as drugmaker settles Oaktree row
17/12/24 11:25The chief financial officer of Indivior will step down from the board amid a broader shake-up, after the drugmaker settled a dispute with a major investor.
Capita plans to slash costs by £250m with the help of AI as workers exit
17/12/24 09:33The group, which administers the BBC licence fee, wants to slash £250million in costs by the end of 2025, well up from its previous target of £160million.
Canal+ shares plunge on London Stock Exchange debut
16/12/24 12:15Canal+ has suffered a disappointing debut on the London Stock Exchange with the French film production firm's shares plummeting on their first day of trading.
Investor demands Johnson Matthey board shake-up to reverse share price slump
16/12/24 09:09Standard Industries warned 'decisive action must be taken' as it also called for the sale of the firm's Hydrogen Technologies unit.
Will the Bank of England cut interest rates next week? Here's why it now looks more plausible
13/12/24 01:32The pound fell back from recent highs on Friday after fresh data showed the economy shrank for a second consecutive month.
Tullow Oil faces takeover from US rival Kosmos Energy
13/12/24 09:37London's Tullow Oil could be acquired by larger US rival Kosmos Energy after the pair revealed preliminary discussions.
Vanguard introduces monthly fee for investors for the first time in major shake-up
12/12/24 04:41Vanguard is overhauling how it charges UK customers to manage their money, with the world's second largest asset manager introducing a monthly fee for the first time.
Currys price hikes 'inevitable' after £32m Autumn Budget hit
12/12/24 12:04Looming Currys price hikes are 'inevitable' ahead of a £32million hit from changes announced in the Autumn Budget, the retailer told shareholders on Thursday.
Heathrow set for busiest ever festive period with Christmas Day boom
11/12/24 12:47Heathrow Airport is expecting its busiest ever festive period this year, with Christmas Day passenger numbers more than 20% ahead of last year.
Audioboom ups profit guidance for third time in two months
11/12/24 09:03Audioboom has upgraded profit guidance for the third time in less than two months, as the podcast platform's advertising sales continue to surpass expectations.
FirstGroup to re-enter London bus market amid rail nationalisation
10/12/24 03:07FirstGroup is set to renter the London bus market with a 12 per cent share after agreeing a takeover worth £90million.
China readies 'appropriately loose' monetary policy for first time since 2010
09/12/24 12:30Chinese authorities will embrace the country's loosest monetary policy stance since 2010 from next year, as part of efforts to reinvigorate the world's second largest economy.
Domino's eyes £2bn in UK and Ireland sales but pizza group flags Budget hit
09/12/24 09:37Domino's Pizza Group is targeting £2billion in sales across the UK and Ireland by 2028, after agreeing a new five-year deal with its franchise partners.
Berkeley Group readies £7bn plan for growth amid Britain's homebuilding drive
06/12/24 11:11Berkeley Group is hoping to create a 'market-leading' build-to-rent platform as part of a 10-year plan designed to cash-in on Britain's housebuilding drive.
Aviva set to buy Direct Line as insurance giant prepares sweetened £3.6bn deal
06/12/24 08:34Direct Line is set to back a sweetened £3.6billion takeover by Aviva after the insurance giant's first offer was rejected.
French market turmoil eases and euro edges up as PM Barnier resigns
05/12/24 04:24The sell-off in French assets eased marginally on Thursday as investors held their breath ahead of Prime Minister Michel Barnier's resignation.
Card Factory to open first US stores after $25M Garven takeover
05/12/24 03:50The US gifts and celebration essentials market is the biggest of its kind globally, according to Card Factory, with an estimated value of around $70billion.
Card Factory enters US market with $25m Garven takeover
05/12/24 12:44The US gifts and celebration essentials market is the biggest of its kind globally, according to Card Factory, with an estimated value of around $70billion.
Britons stash £2trn in bank accounts - but returns only a third of what they would gain from investing
05/12/24 06:00Britons have been hoarding cash in bank accounts in 2024, lured by higher interest rates and relative safety in a year characterised by political uncertainty.
Analysts 'unimpressed' as Learning Technologies agrees £802m takeover
04/12/24 03:07AIM-listed Learning Technologies has finally agreed to a £802million takeover by a US private equity firm after a long-running pursuit.
SpaceTech investor Seraphim eyes boost from second Trump presidency
03/12/24 11:12The arrival of another Donald Trump presidency in the US could signal interstellar returns for London-listed Seraphim Space.
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