Browsing Category
Shares
Tesco employees to share £30m windfall
The employee share scheme of Britain's largest supermarket chain is set to pay out more than £30million in total.
Tesco announced that over 20,000 employees, who work mainly in its stores and warehouses, will benefit from the growth of…
Harland & Wolff, the Titanic shipbuilder, suspends its shares trading
Harland & Wolff has suspended trading in its shares after failing to publish audited results for the past year.
PKF Littlejohn's auditor failed to sign the accounts on time because of a delay in deciding whether revenue should be…
After BlackRock deal worth £2.5bn, a British couple becomes wealthier than Larry Fink
The couple who built an outdoor theater on their Suffolk farm estate were catapulted to the top of Britain's Rich List after they made £2bn off the sale of their financial information business.
Mark and Lindy o'Hare who own a Grade II…
Boots sale is halted due to a fall in shares of the US parent company
Boots, the struggling US-owned chemist chain, has for the second consecutive time abandoned plans to sell its multi-billion pound assets. This puts the high street chemist in danger of further cuts on investments.
Walgreens has abandoned…
LGIM sells some Glencore shares due to concerns about coal production
Legal and General Investment Management will sell some of Glencore's shares due to concerns about the company's coal production and its commitment to reduce carbon emissions.
The UK asset manager will sell only a small portion of…
Deliveroo’s shares are up after reports of a takeover bid from a US rival
Analysts suggest that other bidders may come forward soon. Shares of the UK food delivery service Deliveroo rose after reports that US rival Doordash had held takeover discussions with the company.
Reuters reported that Doordash…
Britvic must be tough: No Fruit Shoots for Carlsberg
Carlsberg has now corrected the omission from its £3bn+ bid for British (the UK soft drink firm that makes Robinsons barleywater, J2O and Tango, as well as R White's Lemonade).
In pursuit of their "beyond beers" strategy, the Danes did…
Ocado shares plummet after Canadian grocery retailer halts robotic storage build
Ocado shares fell up to 17.6 percent on Thursday, after the UK-based grocery and technology firm announced that a deal for a robotic warehouse at Canadian supermarket chain Sobeys had been halted. The company also said their partnership was…
Everton’s creditors battle to take over Premier League club
Everton Football Club creditors are fighting to buy the Premier League team from its British Iranian owner Farhad Moshiri. This is the latest twist after the failed takeover by 777 Partners.
People with knowledge of this matter said that…
After glitch, NYSE has canceled erroneous Berkshire Hathaway trades and other stocks
The New York Stock Exchange announced that it would cancel all erroneous trading after a technical problem led to the suspension of dozens US listed companies and exchange traded fund trades.
On Monday morning, Class A shares of Warren…
ECB appoints the bank that sold United and Chelsea shares to sell Hundred Shares
The England and Wales cricket Board has taken a further step in selling its 49% stake in the Eight Hundred franchises. The ECB appointed Raine Group of the US, which was involved in the recent sales of Chelsea United and Manchester United…
Saudi Arabia sells $12bn of Aramco shares
Saudi Arabia sells approximately $12bn in shares of its national oil company Saudi Aramco to raise capital for its sovereign fund.
Saudi Arabia will sell between SR26.7 to SR29.50 for at least 1,545bn shares or 0.64 percent of the…
Royal Mail and Anglo American shareholders prepare for final takeover offer
Shareholders of Royal Mail and the mining company Anglo American await a deadline for firm offers on Wednesday. If they are not met, two of Britain's largest companies could be sold to foreigners.
Czech billionaire Daniel Kretinsky made…
Ocado to be removed from FTSE 100
Ocado faces relegation to the FTSE 100 after a fall in its share price. This has increased pressure for the company, which is now considering moving from London to New York.
London Stock Exchange has said that the company is likely to be…
Investment trusts boost flagging shares with record-breaking buybacks
The buybacks of investment trusts will likely reach a new record this year as London-listed funds continue to trade at a discount to their true value.
Winterflood's analysis shows that investment companies spent £2.2bn on buybacks during…
Senior UK politicians demand greater scrutiny on potential Shein IPO
Three parliamentary committee chairmen, among others, have called for greater scrutiny on Shein, the fast fashion retailer founded in China, as it sets its sights to a London Stock Exchange listing.
Shein has reportedly begun talks with…
London stockbroker’s US operations shut after Deutsche Bank takeover
After reducing the value of Numis following a takeover, Deutsche Bank has decided to shut down the US operations.
The German lender will merge its New York headquarters with Numis Securities, a US subsidiary.
Numis employs 12 people…
Hargreaves Lansdown share price surges 20pc amid hopes for a bidding war
Hargreaves Lansdown shares rose the most since a decade ago on Thursday, after a surprise bid led to speculation about a bidding battle.
The FTSE 250 company's shares jumped nearly a fifth in one day, marking the largest rise since 2014.…