https://stockmark.it 360 View of the Stock Markets from all the major providers Wed, 24 Jul 2024 03:40:03 +0000 en-GB hourly 1 https://wordpress.org/?v=6.6.1 https://stockmark.it/italy-cracks-down-against-local-amazon-unit-for-tax-and-labor-practices/ Wed, 24 Jul 2024 03:40:03 +0000 https://stockmark.it/?p=33838 The Italian Financial Police seized €121mn (about $113m) from an Amazon unit in Milan after the ecommerce company was accused of tax fraud and labor malpractices within its logistics network. In an order authorizing the seizure on Tuesday, the Milan prosecutor’s office stated that Amazon Italia Transport set up a “complex tax fraud” by concealing […]]]> https://stockmark.it/abu-dhabi-seizes-designer-pushchairs-popular-with-middle-class/ Tue, 23 Jul 2024 06:50:42 +0000 https://stockmark.it/?p=33823 Abu Dhabi’s sovereign fund has taken control of Bugaboo – a designer pushchair company – from its private equity owners. Mubadala Capital – which is headed by Manchester City owner Sheikh Mansour – announced on Monday that it had acquired a majority stake Bugaboo. Bain Capital has owned Bugaboo since 2018, a company known for […]]]> https://stockmark.it/permira-wants-to-sell-evelyn-for-1-5-billion-pounds/ Mon, 22 Jul 2024 03:22:29 +0000 https://stockmark.it/?p=33782 Evelyn Partners is one of Britain’s biggest wealth management firms. The private equity company that owns it, Evelyn Partners PLC, is looking at options to reduce its £1.5 billion investment. Permira has begun contacting advisers in order to sell the majority of its stake in a business that offers professional services ranging from tax and […]]]> https://stockmark.it/philip-jansen-aims-to-take-over-rentokil/ Mon, 22 Jul 2024 03:19:02 +0000 https://stockmark.it/?p=33780 Rentokil Initial, a FTSE 100 pest-control empire owned by Rentokil Initial’s former boss at BT, is being targeted for a takeover bid backed by private equity. Philip Jansen has been in discussions with private equity firms about a plan to install him as the executive chairman of a faltering company. The company issued a profit […]]]> https://stockmark.it/grant-thornton-considers-a-three-way-merger/ Fri, 19 Jul 2024 05:59:54 +0000 https://stockmark.it/?p=33766 Grant Thornton’s US business is in talks to buy the UK and Irish affiliates of the accounting group. This would be the largest M&A transaction in the industry to date. Grant Thornton US announced a transatlantic merger after selling a majority stake in the company to private equity investors. The firm had promised to boost […]]]> https://stockmark.it/netflix-revenue-surges-as-popular-shows-draw-a-large-new-audience/ Fri, 19 Jul 2024 04:08:46 +0000 https://stockmark.it/?p=33757 Netflix’s second-quarter revenue and earnings exceeded Wall Street expectations thanks to the success of shows like Bridgerton and Baby Reindeer . The number of new subscribers was the highest in a quarter two since 2020 when Netflix experienced explosive growth due to the pandemic. The company did warn that the number of new subscribers in […]]]> https://stockmark.it/cosmetic-surgery-group-skin-collapses-putting-hundreds-of-job-at-risk/ Thu, 18 Jul 2024 06:55:16 +0000 https://stockmark.it/?p=33738 Skin, one the UK’s biggest plastic surgery providers, with over 70 branches, collapsed. This has put hundreds of jobs in danger. Skin’s website was replaced at 5pm on the Tuesday with a message stating that “the company has undertaken an extensive process in order to secure investment so it can continue trading, but unfortunately we […]]]> https://stockmark.it/elon-musk-has-announced-that-he-is-moving-spacex-and-x-to-texas/ Wed, 17 Jul 2024 03:53:25 +0000 https://stockmark.it/?p=33689 Elon Musk announced on Tuesday that X and SpaceX would be moving their headquarters to Texas in response to a gender identity law passed by California. This is a major blow to Silicon Valley, as the billionaire has been at odds with California’s Governor, Gavin Newsom, for a long time. Newsom, a Democrat from California, […]]]> https://stockmark.it/ocado-to-keep-london-listed-as-it-improves-forecast/ Wed, 17 Jul 2024 03:44:39 +0000 https://stockmark.it/?p=33687 Ocado’s boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100. Tim Steiner said that he did not plan to take the online grocery group private or move its listing abroad, despite speculations about it possibly moving from London to New York. […]]]> https://stockmark.it/morgan-stanley-traders-drive-surge-in-profits/ Wed, 17 Jul 2024 03:40:57 +0000 https://stockmark.it/?p=33684 Morgan Stanley’s investment bankers and traders have helped to boost the company’s quarterly profits, which has offset a decline in its wealth management business. The bank’s CEO, Ted Pick, said that the trading of equities, and fixed income, was “back” as the second-quarter revenue for the equities division rose by 18% to $3.02billion, while the […]]]> https://stockmark.it/oxford-brewery-reduces-recidivism-by-teaching-prisoners-to-make-ale/ Mon, 15 Jul 2024 07:05:59 +0000 https://stockmark.it/?p=33645 Thomas Jefferson said that good beer “softens tempers, cheers up the spirit, and promotes health”. This could also help solve the prison crisis in Britain. Craft brewery that employs ex-convicts to train them in ale-making is proving to be a success at reducing reoffending. It’s now being hailed for a template to help ease the […]]]> https://stockmark.it/amazon-uk-staff-vote-to-recognize-unions/ Mon, 15 Jul 2024 06:47:51 +0000 https://stockmark.it/?p=33640 A small, but loud team of GMB union organisers are taking on Amazon on a traffic island outside of Coventry. Armed with homemade signs and a pile of orange bucket caps, they’re ready to take on Amazon. Last week, more than 3,000 employees here – or “associates” as Amazon calls them — were allowed to […]]]> https://stockmark.it/taken-for-a-ride-how-parking-apps-make-millions-off-drivers/ Mon, 15 Jul 2024 04:20:52 +0000 https://stockmark.it/?p=33623 Deborah Embley, her husband John Deiss and their son were fined £240 for not downloading a parking application quickly enough. The couple was on a day trip with friends to Southwold, Suffolk. However, the signal of their mobile phones was so bad that they were unable to download the parking app within the 15 minute […]]]> https://stockmark.it/after-almost-200-years-royal-mail-will-no-longer-use-its-own-freight-trains/ Thu, 11 Jul 2024 05:30:40 +0000 https://stockmark.it/?p=33583 After almost 200 years, Royal Mail will no longer use its trains to transport mail. The company confirmed that it would decommission the remaining freight trains before 10 October. It also plans to increase its amount of mail it transports by road. This move is made as Royal Mail parent company International Distributions Services has […]]]> https://stockmark.it/south-east-water-needs-cash-injections-to-stay-afloat/ Thu, 11 Jul 2024 05:16:14 +0000 https://stockmark.it/?p=33576 South East Water says it needs cash injections from investors in order to remain in business. It is preparing for an Ofwat major ruling on future spending plans. The struggling water company, which provides services to 2.3 million customers in Kent, Sussex and Surrey, Hampshire and Berkshire, said that it was “in discussion with lenders […]]]> https://stockmark.it/mike-jatania-is-close-to-a-deal-with-the-body-shop/ Thu, 11 Jul 2024 04:57:43 +0000 https://stockmark.it/?p=33569 Mike Jatania, a British tycoon, is close to completing a deal with The Body Shop as he continues his race to save the remaining high-street chain. Mr Jatania, it is believed, is part of a group that has engaged in exclusive discussions with administrators who are overseeing The Body Shop. Sources say that Charles Denton, […]]]> https://stockmark.it/owners-of-humanised-pets-pay-a-lot-to-keep-their-animals-alive/ Wed, 10 Jul 2024 06:37:40 +0000 https://stockmark.it/?p=33557 The Competition regulator said that pet owners who “humanise” their animals are paying more than necessary to keep them alive. The Competition and Markets Authority said that some pet owners pay for expensive treatments which would have previously been “addressed by euthanasia”, as they want to keep their pets alive as long as possible. Some […]]]> https://stockmark.it/alain-rouxs-michelin-star-restaurant-is-in-the-red/ Wed, 10 Jul 2024 04:33:23 +0000 https://stockmark.it/?p=33552 Alain Roux’s three Michelin star restaurant in Berkshire is now losing money due to rising wage pressures. The Waterside Inn, Bray, posted a loss in 2023 of £181,000 compared to a profit of £814,000 the previous year. This was despite the fact that sales were stable over the past year. The company, which runs Roux […]]]> https://stockmark.it/business-france-says-goodbye-to-emmanuel-macrons-pro-business-agenda/ Tue, 09 Jul 2024 08:19:48 +0000 https://stockmark.it/?p=33537 After President Emmanuel Macron’s snap legislative election resulted in a hung Parliament, France’s corporate leaders prepare to say goodbye to a decade of business-friendly conditions. On Sunday, many executives breathed a huge sigh after the far-right party was neutralised by a new National Assembly where no political group has a majority. The feeling of relief […]]]> https://stockmark.it/british-airways-is-under-pressure-to-improve-after-cancellations-soar/ Mon, 08 Jul 2024 08:21:23 +0000 https://stockmark.it/?p=33519 After a tough year that saw its cancellation rate soar, British Airways faces pressure to improve operations just as summer travel begins. Cirium, a company that provides aviation analytics, has found that the airline cancelled 4,033 flights out of UK airports in the last year. This is nearly twice as many as its low-cost competitor, […]]]> https://stockmark.it/as-the-air-freight-industry-continues-to-evolve-iag-cargo-is-at-the-forefront-of-this-new-era/ Thu, 04 Jul 2024 05:20:38 +0000 https://stockmark.it/?p=33463 You might find car parts, berries and medicines in your hold luggage this summer, as well as mail or even drum sets from pop bands. It’s a big deal. According to the International Air Transport Association, airlines worldwide are expected to deliver more than 62 million tons of cargo in 2018. Traffic is expected to […]]]> https://stockmark.it/after-blackrock-deal-worth-2-5bn-a-british-couple-becomes-wealthier-than-larry-fink/ Tue, 02 Jul 2024 03:56:16 +0000 https://stockmark.it/?p=33393 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 listed farmhouse and a 350-seat theater have signed a deal with fund giant […]]]> https://stockmark.it/french-stock-market-gains-after-betting-le-pen-will-not-win-majority/ Tue, 02 Jul 2024 03:50:35 +0000 https://stockmark.it/?p=33390 The European stock market rose today on signs that France’s Hard-Right will not be able to win enough seats in the legislative elections for an overall majority. On the bond market the premium investors demanded to hold French government bonds fell from its 12-year-high. Analysts said that investors hoped there would be less chance for […]]]> https://stockmark.it/falkland-islands-to-benefit-from-economic-boom-after-talks-with-oil-company-about-huge-oilfield/ Mon, 01 Jul 2024 04:54:14 +0000 https://stockmark.it/?p=33379 British territory consults with islanders about plans to drill 500m barrels for oil First time in history the Falkland Islands have opened their waters to oil exploration, which could lead to an economic boom. The ruling council of the territory has asked the islanders whether they support the plan to extract 500m barrels from the […]]]> https://stockmark.it/the-british-snobbery-that-left-restaurants-scrambling-to-find-staff/ Mon, 01 Jul 2024 04:51:01 +0000 https://stockmark.it/?p=33376 Restaurants are desperate to hire UK workers but can’t find them The celebrity chef Yotam Ottolenghi blamed a lack of staff when he cut the hours for some of his London-based restaurants last year. There are many pubs, hotels and restaurants that are struggling to fill their positions. The Office for National Statistics’ (ONS) latest […]]]> https://stockmark.it/under-a-former-royal-navy-base-vast-salt-caverns-are-being-used-to-store-hydrogen/ Mon, 01 Jul 2024 04:46:39 +0000 https://stockmark.it/?p=33373 Under Britain’s largest former naval base, vast salt caverns will be excavated to store hydrogen as part of plans for the country to boost its energy security. The 19 caverns, each the size of St Paul’s Cathedral in Dorset, will be dug and filled with sufficient hydrogen to power a power station for several days. […]]]> https://stockmark.it/marks-spencer-launches-clothing-repair-and-alterations-services/ Mon, 01 Jul 2024 04:38:08 +0000 https://stockmark.it/?p=33367 Marks & Spencer will launch a clothing-repair service. Customers will be able to get alterations and repairs from August, as the retailer responds to an increased demand for fashion that is sustainable and reused. It has partnered up with Sojo, an expert repair and tailoring company founded in 2021 to launch this service on its […]]]> https://stockmark.it/boots-sale-is-halted-due-to-a-fall-in-shares-of-the-us-parent-company/ Sat, 29 Jun 2024 06:59:01 +0000 https://stockmark.it/?p=33352 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 its plans to cash out Boots after it issued a profit warning that was damaging on Wednesday. After the […]]]> https://stockmark.it/tata-closes-port-talbot-early-due-to-strikes/ Fri, 28 Jun 2024 05:46:34 +0000 https://stockmark.it/?p=33325 Tata Steel told its workers that it may have to close down the steel plant at Port Talbot earlier than expected due to a strike. The company planned to close one blast furnace by the end June, and the other by September. Tata has told workers in south Wales that it plans to stop operations […]]]> https://stockmark.it/triple-profits-for-retailer-ao-world-thanks-to-tv-sales-of-euro-2024/ Thu, 27 Jun 2024 04:48:17 +0000 https://stockmark.it/?p=33308 Online electrical goods retailer AO World enjoyed a near tripling of profits, thanks to the booming sales of tumble dryers during the rainy winter and TVs for Euro 2024. The company attributes the popularity of air fryers to the fact that customers are looking for cheaper alternatives to take-outs in this time of cost of […]]]> https://stockmark.it/the-union-calls-on-royal-mail-to-give-staff-aserious-stake-in-service-after-the-takeover/ Thu, 27 Jun 2024 04:30:19 +0000 https://stockmark.it/?p=33300 After the Czech billionaire who is bidding for the ownership of Royal Mail for £3.6bn suggested that he might implement an “incentive program” if successful, the union representing postal employees has demanded they be given a stake in Royal Mail. Daniel Kretinsky’s EP Group published a document Wednesday detailing its bid to acquire Royal Mail’s […]]]> https://stockmark.it/supplements-ozempic-face-to-counter-side-effects-of-rapid-weight-loss/ Tue, 25 Jun 2024 05:07:13 +0000 https://stockmark.it/?p=33256 Nestle will sell dietary supplements that counter the effects of weight loss drugs to “Ozempic Face”. The company announced that it would launch products to “complement” weight loss treatments. These include hair growth supplements and electrolyte tablet that improves skin elasticity. KitKat and Smarties maker is bracing for a drop in sales for ice cream […]]]> https://stockmark.it/shein-filed-for-london-listing-early-in-june-according-to-sources/ Tue, 25 Jun 2024 04:22:30 +0000 https://stockmark.it/?p=33241 Shein, according to sources, filed confidential papers with Britain’s market regulator early in June. This started the process of a possible London listing for the online fast fashion retailer later this year. Reuters reported May that the China-founded firm, valued at $66bn during a fundraising round, had begun exploring a listing on London Stock Exchange. […]]]> https://stockmark.it/emma-bridgewater-britains-queen-of-ceramics-suffers-a-loss-of-1-4m/ Mon, 24 Jun 2024 04:24:58 +0000 https://stockmark.it/?p=33218 Emma Bridgewater , Britain’s “queen” of pottery, has suffered a loss of nearly £1.4m as her company had to drastically discount its crockery due to fierce online competition. The Stoke-on-Trent Group, founded by the designer Emma Bridgewater and named after her, suffered a loss in its first year of operation, following a profit of £1.1m […]]]> https://stockmark.it/royal-mail-is-facing-a-new-legal-claim-regarding-bulk-delivery-services/ Fri, 21 Jun 2024 03:42:18 +0000 https://stockmark.it/?p=33194 Royal Mail’s owner faces a new claim of £878mn for damages related to its delivery operations. This is adding to Royal Mail’s legal woes, as it prepares itself for the takeover by Czech billionaire Daniel Kretinsky. Bulk Mail Claims Limited has announced that it filed a request to initiate proceedings against International Distribution Services, on […]]]> https://stockmark.it/gmb-begins-balloting-process-for-amazons-coventry-warehouse/ Thu, 20 Jun 2024 05:51:38 +0000 https://stockmark.it/?p=33174 GMB officials are encouraging staff at Amazon’s Coventry to “vote yes” together at the beginning of a ballot that could lead to a historic deal for union recognition. After the Central Arbitration Committee granted the GMB the right to conduct the legally binding ballot, union officials began visiting the West Midlands location on Wednesday. Amazon […]]]> https://stockmark.it/sir-jim-ratcliffe-co-owner-of-man-utd-backs-labour/ Wed, 19 Jun 2024 05:49:34 +0000 https://stockmark.it/?p=33148 Sir Jim Ratcliffe backed Labour for the next government. He said that voters had “had enough” with Rishi Sunak’s policies. The billionaire coowner of Manchester United who controls a minor stake in the club via his chemicals empire Ineos Group has criticised the Tories and slammed a series of failed prime minsters. Sir Jim, the […]]]> https://stockmark.it/pubs-are-closing-in-greater-numbers-as-80-pubs-close-each-month/ Tue, 18 Jun 2024 06:06:30 +0000 https://stockmark.it/?p=33132 The Euros and Olympics will bring a boost to many landlords, but it may be too late for some pubs. According to an analysis of official statistics by Altus Group, pubs have been disappearing in England and Wales at a rate 80 per month so far this season. Monthly pub closures have increased by 56pc […]]]> https://stockmark.it/mexican-billionaire-carlos-slim-buys-3-of-bt/ Thu, 13 Jun 2024 05:52:39 +0000 https://stockmark.it/?p=33042 Carlos Slim, a Mexican billionaire, has acquired a 3% stake in BT. This comes after Allison Kirkby, the new chief executive of BT’s UK division revealed her plans for turning around the UK group during its annual results held last month. The FTSE100 company announced on Wednesday that three companies controlled by family members of […]]]> https://stockmark.it/neil-woodfords-former-team-of-stock-pickers-disbanded-when-demand-for-british-shares-plummets/ Wed, 12 Jun 2024 06:25:15 +0000 https://stockmark.it/?p=32993 The dissolution of the investment team led by Neil Woodford, whose London-listed stocks have been losing interest. Invesco will merge its European division with its UK-based stock-picking unit from January. As investor interest in British stocks declines, the teams are merging. The Invesco UK High Income and Equity Income funds have shrunk from £33bn to […]]]> https://stockmark.it/new-york-hedge-funds-short-royal-mail-owner/ Fri, 07 Jun 2024 04:05:19 +0000 https://stockmark.it/?p=32924 In the wake of a £3.6billion overseas takeover bid for the postal services company, a New York hedge funds has taken a short position on the owner of Royal Mail. Sessa Capital was listed as holding 0.73 percent of International Distribution Services in Friday’s regulatory filings, just two days after IDS board members recommended accepting […]]]> https://stockmark.it/boeing-whistleblowers-continue-to-come-forward-with-safety-concerns/ Thu, 06 Jun 2024 06:40:54 +0000 https://stockmark.it/?p=32884 Another Boeing employee has claimed that management ignored safety and quality concerns and dismissed their concerns. Roy Irvin worked as a quality inspector at Boeing’s South Carolina plant from 2011 until 2017. He claims that he was “reprimanded” as an “insubordinate”, for pointing out safety and quality problems on 787 Dreamliner aircraft that he had […]]]> https://stockmark.it/gazprom-to-cut-ties-with-uk-lottery-operators-owner/ Wed, 05 Jun 2024 04:01:38 +0000 https://stockmark.it/?p=32868 By the end of the month, the billionaire owner Allwyn, which runs the UK national lottery, will cut his last ties to Russia’s state owned energy company Gazprom, two years after he won the UK’s biggest public sector contract. Since taking over the lottery licence from Camelot for a 10-year period in 2022, the Czech […]]]> https://stockmark.it/chill-brands-asks-for-suspension-of-shares-while-investigation-is-underway/ Tue, 04 Jun 2024 05:32:04 +0000 https://stockmark.it/?p=32845 The shares of a London listed vaping company were suspended after the board was unable to provide an “accurate” update on the financial situation, as the chief executive is still under investigation. Chill Brands requested the London Stock Exchange on Monday morning to prevent investors from buying and selling its shares. Amidst allegations of insider […]]]> https://stockmark.it/oil-prices-fall-by-4pc-despite-opec-cutbacks/ Tue, 04 Jun 2024 05:07:40 +0000 https://stockmark.it/?p=32831 Saudi Arabia is struggling to keep up with the cap on future oil supply, and this has led to a drop of nearly 4pc in oil prices despite Opec’s production cuts. Brent crude fell by over $3 on Monday and reached a new four-month-low of $78.33 a barrel. This was despite the Saudi cartel extending […]]]> https://stockmark.it/gamestops-shares-rise-after-roaring-cat-posts-116m-wager-in-reddit/ Tue, 04 Jun 2024 04:57:21 +0000 https://stockmark.it/?p=32825 GameStop shares soared on Monday, after “Roaring Kitty”, Keith Gill, who was at the center of the 2021 Stock Market Frenzy surrounding the struggling video game chain, posted a Reddit post that appeared to show $116m in bets on the chain. Stocks rose up to 74% before falling in volatile trading. By mid-morning it had […]]]> https://stockmark.it/the-union-plans-to-intensify-its-action-in-response-to-the-loss-of-jobs-at-two-steelworks-located-in-wales/ Mon, 03 Jun 2024 05:51:14 +0000 https://stockmark.it/?p=32806 The union leaders of two south Wales Steelworks are planning to intensify industrial action in response to the dispute over nearly 3,000 jobs that is threatening to become an important issue at this year’s general elections. Unite has announced that such actions are being planned at the Port Talbot & Llanwern Works after Tata Steel […]]]> https://stockmark.it/hsbc-owes-143m-to-barclay-familys-collapsed-logistics-company/ Mon, 03 Jun 2024 05:42:16 +0000 https://stockmark.it/?p=32803 New documents reveal that HSBC is facing steep losses due to the collapse of Barclay’s vast business empire. The British banking giant owes £143m to the Barclay Family’s delivery company, which went into administration in March. Teneo, which is overseeing the administration, has warned that based on current forecasts, the bank will not be paid […]]]> https://stockmark.it/as-they-try-to-avoid-bankruptcy-councils-are-planning-to-recover-a-record-1-4bn-through-the-cancellation-of-investments-and-the-sale-of-assets/ Mon, 03 Jun 2024 04:22:52 +0000 https://stockmark.it/?p=32794 As they rush to plug the debt black hole before the election, Britain’s councils prepare a record £1.4bn fire sale of assets and cancelled investment. The government has given 18 councils permission to mothball and sell assets to free up cash. This is in an effort to avoid a new wave of council bankruptcy ahead […]]]> https://stockmark.it/renewi-faces-a-e57m-loss-to-exit-uk-waste-business/ Fri, 31 May 2024 06:35:12 +0000 https://stockmark.it/?p=32781 One of Britain’s greatest engineering names has left the country to focus on the Benelux recycling market. Renewi is not a household brand, but it used to be known as Shanks, and before that, Shanks & McEwan. It was one of Scotland’s great industrial firms, whose Victorian history was built on the construction of railways. […]]]> https://stockmark.it/daniel-kretinsy-royal-mail-requires-up-to-400m-in-cash-injection/ Fri, 31 May 2024 06:30:42 +0000 https://stockmark.it/?p=32779 The Czech billionaire who will be the new owner of Royal Mail revealed plans to restructure the company. This could threaten the employment of tens and thousands of postal workers, as well as thousands of red pillar boxes that are the trademark of the Royal Mail. Daniel Kretinsky has made a rare comment in public. […]]]> https://stockmark.it/salesforce-falls-as-concerns-about-ai-rivals-and-weak-forecasts-spark-concern/ Fri, 31 May 2024 06:04:19 +0000 https://stockmark.it/?p=32771 Salesforce shares fell by 18% Thursday after the company’s lowest-ever forecast for quarterly revenue growth raised concerns that high interest rates, and competing AI offerings, were hampering demand. If losses continue, the company’s market value could drop by more than $48bn. It also reported that its quarterly revenue was lower than expected for the first […]]]> https://stockmark.it/royal-mail-and-anglo-american-shareholders-prepare-for-final-takeover-offer/ Wed, 29 May 2024 06:06:22 +0000 https://stockmark.it/?p=32719 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 an approach to International Distributions Services, which runs Royal Mail. Meanwhile, Australia’s BHP wants to buy Anglo […]]]> https://stockmark.it/revolution-asks-its-shareholders-to-support-their-own-rescue-plan/ Wed, 29 May 2024 04:14:36 +0000 https://stockmark.it/?p=32705 Revolution Bars Group has asked its shareholders to support an emergency £12.5million equity raising, after rejecting the putative offer of a rival nightclub owner as “unable to be delivered”. The group, which primarily trades under the Revolution, Revolucion de Cuba, and Peach pubs brands, stated that the Nightcap proposal was “highly-conditional” and required two separate […]]]> https://stockmark.it/boeing-has-a-long-road-to-go-before-it-can-make-safe-planes-says-us-aviation-chief/ Fri, 24 May 2024 03:26:41 +0000 https://stockmark.it/?p=32640 The Federal Aviation Administration is preparing to receive the plan of action from US planemaker Boeing to address issues related to safety. Mike Whitaker, FAA administrator , gave Boeing 90-days to create a comprehensive plan for addressing “systemic issues with quality control” and prohibited it from increasing 737 MAX manufacturing. Boeing is facing increasing questions […]]]> https://stockmark.it/the-bank-manager-who-works-at-home-says-its-not-essential-to-work-five-days-per-week/ Wed, 22 May 2024 03:29:18 +0000 https://stockmark.it/?p=32575 Santander UK’s chief executive is an outlier at a time when bank bosses have tightened up on the working from home. Mike Regnier, who made home-working a condition for taking the job at JP Morgan in 2022, is a similar person to Jamie Dimon, who called home-working an “aberration”. He claims he would not have […]]]> https://stockmark.it/unilever-will-continue-to-make-ice-cream-for-russians-as-the-country-is-left-out-of-unilevers-spin-off-plan/ Fri, 17 May 2024 03:55:35 +0000 https://stockmark.it/?p=32492 Unilever is keeping its Russian ice-cream business, despite plans to sell its frozen dessert brands. Magnum and Ben & Jerry’s owner, Unilever, is considering a possible sale or IPO for its ice-cream brands. These brands generate annual revenues of about €8bn (£6.9bn)  and are valued at around €8bn. Unilever announced on Thursday that it would […]]]> https://stockmark.it/royal-mail-owner-supports-a-3-5-billion-takeover-bid-by-czech-billionaire/ Thu, 16 May 2024 04:22:27 +0000 https://stockmark.it/?p=32461 The owner of Royal Mail backed an offer of £3.5bn from a Czech millionaire for the postal service after he sweetened his takeover plan, creating a headache for the Government. Royal Mail’s parent, International Distributions Services, , rejected last month a preliminary offer of 320p per share or £3.1bn from Daniel Kretinsky. The part-owner and […]]]> https://stockmark.it/jcb-supplied-equipment-to-russia-for-months-after-saying-that-exports-had-stopped/ Thu, 16 May 2024 04:16:49 +0000 https://stockmark.it/?p=32458 British digger manufacturer JCB, owned and controlled by billionaire Bamford Family, continued to manufacture and supply equipment for Russia’s market even after claiming it had stopped all exports due to Vladimir Putin’s invasion Ukraine. Russian customs records reveal that JCB – whose owners are major Conservative Party donors – continued to offer new products to […]]]> https://stockmark.it/china-plans-to-buy-millions-unsold-homes-amid-the-property-crisis/ Thu, 16 May 2024 04:06:49 +0000 https://stockmark.it/?p=32455 China may buy millions of unsold homes as part of an ambitious plan to address its current property crisis. Beijing has reportedly been consulting with officials from local governments on proposals which would allow state-owned companies to buy empty homes in bulk from developers who are under pressure. Bloomberg stated that the proposals were still […]]]> https://stockmark.it/apollo-and-intel-discuss-financing-an-11bn-chip-factory-in-ireland/ Tue, 14 May 2024 04:36:32 +0000 https://stockmark.it/?p=32416 US semiconductor giant Intel entered exclusive discussions with Apollo Global for the financing of an $11bn chipmaking facility in Ireland. Large corporations are increasingly turning to private capital groups to fund expansion projects instead of banks. Intel is in discussions to raise funding for an aggressive buildout in semiconductor fabrication plants. This will allow it […]]]> https://stockmark.it/bt-increases-ai-usage-to-combat-hacking-threats-for-business-customers/ Tue, 14 May 2024 04:25:07 +0000 https://stockmark.it/?p=32406 BT said that it uses artificial intelligence more to detect and neutralise cyber threats targeting businesses. The £10.5bn Group aims to grow its business by protecting customers against online criminals. It has patent technology that uses AI for analysing attack data, allowing companies to protect their IT infrastructure. Hacking attacks on British businesses are commonplace. […]]]> https://stockmark.it/anglo-american-rejects-bhps-revised-34bn-offer/ Tue, 14 May 2024 04:00:40 +0000 https://stockmark.it/?p=32391 The FTSE 100 mining company rejected a sweetened £34 billion bid from BHP to acquire its Anglo American rival as “highly inattractive”. BHP revealed that it submitted a revised proposal for Anglo on Tuesday. However, just like the initial £31 billion proposal made last month, this is subject to Anglo’s South African iron ore and […]]]> https://stockmark.it/alibaba-uses-cloud-services-to-become-the-leading-ai-investor-of-china/ Mon, 13 May 2024 06:15:38 +0000 https://stockmark.it/?p=32380 Alibaba is leveraging its cloud computing infrastructure in order to become the leading investor for China’s artificial intelligence start ups. It offers them credits that they can use to access the limited network resources required to train models, rather than traditional cash-for equity funding. By investing in Moonshot, Zhipu MiniMax, and 01.ai, the Chinese ecommerce […]]]> https://stockmark.it/grant-thornton-to-earn-46mn-for-greensill-administration/ Mon, 13 May 2024 04:18:20 +0000 https://stockmark.it/?p=32375 Grant Thornton expects to earn £46mn from the administration of Greensill Capital. This is one of the costliest insolvency processes undertaken in the UK. According to a report filed with Companies House last month, the accounting firm informed Greensill creditor that it expected to charge an additional £8.5mn of fees in the next year, which […]]]> https://stockmark.it/chinese-uber-competitor-didi-revives-uk-launch-plans/ Mon, 13 May 2024 03:55:51 +0000 https://stockmark.it/?p=32363 Uber’s Chinese competitor is now laying the foundations for entry into the UK. This comes three years after was forced to stop plans to launch services in British cities. Didi Global acquired operating licenses in Rotherham and Rochdale in the last few months, allowing it to provide rides in Britain. The company also obtained planning […]]]> https://stockmark.it/landsec-sells-its-entire-hotel-portfolio-to-us-based-group/ Fri, 10 May 2024 05:11:52 +0000 https://stockmark.it/?p=32339 Land Securities, the largest commercial real estate owner in the country, sold the last of its hotels to an investor from the United States. Ares Management, based in Los Angeles, paid £400 million to purchase the 21 hotels located across the country – from Southampton to Leeds. Landsec uses the money, which it valued at […]]]> https://stockmark.it/the-funding-of-the-hs2-tunnel-is-being-questioned-by-some-over-1bn/ Thu, 09 May 2024 04:51:58 +0000 https://stockmark.it/?p=32312 High Speed 2 bosses, who will supervise its construction, are set to receive two massive drills before £1bn in vital funding is secured. The Government is yet to approve the start of tunnelling despite repeating plans to extend the HS2 to Euston after scrapped its northern leg last October. The uncertainty over funding forced HS2’s […]]]> https://stockmark.it/heineken-will-upgrade-hundreds-of-pubs-for-39m/ Tue, 07 May 2024 05:29:35 +0000 https://stockmark.it/?p=32257 Heineken invests £39 million in the UK to upgrade and reopen more than 600 pubs that have been closed for a long time. Refurbishments will be carried out in approximately a quarter (2400) of Heineken’s pubs, which make up the Star Pubs estate. They will include new lighting systems, sound systems and different furniture styles […]]]> https://stockmark.it/tata-steel-boss-port-talbot-cant-be-bailed-out-forever/ Mon, 06 May 2024 09:56:33 +0000 https://stockmark.it/?p=32222 TV Narendran, who is a first-time grandparent, has been able to soften her personality. The CEO of Tata Steel – one of India’s leading businessmen – smiled when he revealed that he had only become a grandfather four months earlier. “And it’s great fun, because if the child cries you give them back.” The 58-year […]]]> https://stockmark.it/what-about-saturday-mail-royal-mail-may-cut-deliveries-after-union-gives-in/ Mon, 29 Apr 2024 04:01:41 +0000 https://stockmark.it/?p=32096 First time, union leaders have agreed to accept the end of six-day letter delivery a week. This will allow Royal Mail to make historic postal service cuts. Royal Mail has faced a number of obstacles in reducing the daily losses it incurs due to its delivery service. One of these was the Communication Workers Union, […]]]> https://stockmark.it/elon-musk-meets-chinas-premier-while-tesla-battles-local-rivals/ Mon, 29 Apr 2024 03:29:11 +0000 https://stockmark.it/?p=32082 Elon Musk unexpectedly visited Beijing on Sunday, where he met China’s second-ranking leader, Premier Li Qiang. Tesla is struggling with falling sales and data security issues in the world’s largest car market. Musk arrived in Beijing on Sunday and met li. The electric vehicle maker’s CEO was looking to refocus Tesla on artificial-intelligence with a […]]]> https://stockmark.it/how-shoppers-at-supermarkets-became-part-of-the-2bn-gold-rush/ Mon, 29 Apr 2024 03:25:31 +0000 https://stockmark.it/?p=32080 Grocers are following in Amazon’s footsteps in their pursuit of the retail ‘holy-grail’ Spotify users are known to flood social media in the last weeks of the year with their favorite songs, artists, and genres. Spotify Wrapped is a marketing tool that allows users to boast about their listening habits, or lament the fact that […]]]> https://stockmark.it/canary-wharf-offices-lost-900mn-in-value/ Fri, 26 Apr 2024 05:06:11 +0000 https://stockmark.it/?p=32061 Canary Wharf Group has lost more than £900mn in value as a result of a £553mn loan deal. The developer and manager for the London Docklands estate, owned by Brookfield and Qatar Investment Authority, reported on Thursday a 14.7% annual decline in the value its property holdings. This will amount to £6.8bn (£6.6bn) in 2023. […]]]> https://stockmark.it/elon-musks-spacex-invested-in-a-british-engineering-company-that-was-started-in-a-professors-garage/ Thu, 25 Apr 2024 04:22:45 +0000 https://stockmark.it/?p=32024 Elon Musk’s SpaceX agreed to purchase a 10% stake in an electronics company founded 47 years ago in the garage of a professor. Filtronic, a County Durham-based company, saw its shares rise by more than 50% after it announced a “strategic deal” with SpaceX. Filtonic’s relationship with SpaceX is deepening, since the UK-based company provides […]]]> https://stockmark.it/bank-of-england-chief-economist-dampens-summer-interest-rate-cut-hopes/ Wed, 24 Apr 2024 03:59:18 +0000 https://stockmark.it/?p=32001 After the Bank of England chief economist warned against reducing interest rates too early and said that inflation had to be squeezed from the economy, the prospects of an interest rate cut this summer have diminished. Huw Pill expressed concern that, after a survey indicated strong sales in the private sector during the past month, […]]]> https://stockmark.it/asda-wants-to-raise-2-6bn-in-order-to-refinance-its-debt-burden/ Tue, 23 Apr 2024 05:47:49 +0000 https://stockmark.it/?p=31993 Asda will raise more than £2.6bn in order to refinance part of its debt after the UK supermarket revealed results that showed adjusted profits rose by about a quarter. The third largest supermarket in Britain has been saddled with high debt levels since the billionaire Issa Brothers bought it with TDR, a private equity firm, […]]]> https://stockmark.it/tyman-accepts-quanexs-offer-of-788m-in-its-latest-overseas-takeover/ Tue, 23 Apr 2024 05:21:41 +0000 https://stockmark.it/?p=31973 Tyman is the latest London listed company to be acquired by an overseas competitor after accepting an offer of £788million from an American rival. Quanex Building Products, a FTSE 250 company that supplies parts for windows and doors, said it was best to offer Tyman shareholders a cash-and-shares deal. This would give them “a significant […]]]> https://stockmark.it/investors-say-that-a-large-bid-could-save-london/ Tue, 23 Apr 2024 05:13:28 +0000 https://stockmark.it/?p=31971 A leading fund manager said that it might take a bid to buy a large UK blue-chip company to awaken investors to the value of the London stock market, which is oversold. Nick Train, a well-known stock picker, once said: “Sometimes, you need to have a cathartic experience in order to change the tide.” Train, […]]]> https://stockmark.it/mobico-the-owner-of-national-express-flashes-its-hazard-light-to-get-investors-off/ Tue, 23 Apr 2024 05:09:47 +0000 https://stockmark.it/?p=31968 Mobico’s shares, which own National Express, fell to their lowest ever price on Monday due to a profit warning, a sudden departure of its finance chief, and reassurances that debt levels would remain high for some time. City analysts stated that Mobico’s update “provides many reasons for concern”, as the stock fell another 6p or […]]]> https://stockmark.it/royal-mail-investor-slams-raider-kretinsky-over-3bn-takeover/ Mon, 22 Apr 2024 03:53:26 +0000 https://stockmark.it/?p=31955 Daniel Kretinsky, however, was not one of those people. He had his work on his mind as he stretched out on a lounger on holiday. The “Czech Sphinx”, who was on holiday, picked up the phone and dialed Keith Williams. He then made a £3.1billion bid to buy a 500 year-old British institution. Williams, the […]]]> https://stockmark.it/royal-mail-is-under-threat-of-foreign-ownership-after-a-czech-billionaires-bid-to-takeover-the-company/ Thu, 18 Apr 2024 04:25:44 +0000 https://stockmark.it/?p=31906 Daniel Kretinsky wants to take full control of the parent company IDS, which is responsible for the postal service Royal Mail has rejected a takeover offer from billionaire Daniel Kretinsky of the Czech Republic, as the 500 year old postal service faces foreign ownership. On April 17, the board of International Distributions Services, which owns […]]]> https://stockmark.it/wises-growth-is-below-expectations/ Wed, 17 Apr 2024 03:50:34 +0000 https://stockmark.it/?p=31897 Wise’s fortunes have been shattered by disappointing revenue and a slowdown in growth of the volume of transactions made on its platform. Payments company announced that their fourth-quarter revenue had increased by 24 percent year-on-year, to £277.2 millions. However, this was less than what had been predicted in the City. Wise’s volume of international transactions […]]]> https://stockmark.it/sunaks-favourite-trainers-adidas-are-now-more-popular-than-nike/ Tue, 16 Apr 2024 04:55:38 +0000 https://stockmark.it/?p=31862 Rishi Sunak, who was seen wearing Adidas Sambas was forced to apologize after fashionistas reacted so strongly. The Prime Minister said to LBC, “I sincerely apologize to the Samba Community.” In my defense, I’d say that I’ve been wearing Adidas trainers, including Sambas, and other brands, for many years. The trend for “terrace style” trainers […]]]> https://stockmark.it/revolut-uks-chief-says-new-york-is-a-threat-to-londons-fintech-supremacy/ Tue, 16 Apr 2024 04:48:36 +0000 https://stockmark.it/?p=31859 Revolut’s UK CEO has warned that London faces the risk of losing its dominance in the fintech industry to New York. Francesca Carlesi stated on April 15, that the threat of losing talent to US companies was “the biggest threat” for Britain’s fintech industry, which has seen a decline in investment over the past few […]]]> https://stockmark.it/sothebys-to-use-picasso-warhol-and-rembrandt-paintings-to-back-500m-bond/ Fri, 12 Apr 2024 03:19:40 +0000 https://stockmark.it/?p=31815 Sotheby’s will use works by Picasso, Warhol and Rembrandt as collateral for a bond of $500m (£399m). The auction house has bundled almost 90 loans to art collectors that are linked to artworks into a special bond. Bloomberg reported that Barclays has been canvassing investors to decide what price to charge for the bond. Sotheby’s […]]]> https://stockmark.it/stonegate-owner-of-slug-lettuce-scrambles-in-a-panic-to-plug-a-2bn-hole/ Wed, 10 Apr 2024 04:12:43 +0000 https://stockmark.it/?p=31792 Slug & Lettuce’s owner has expressed concerns about the future of his company as he races to refinance over £2bn worth of debt. Stonegate, UK’s largest pub operator, with over 4,000 locations across the UK, has warned that “material uncertainty” exists about its ability to remain a going concern. The challenge is to refinance 2.2 […]]]> https://stockmark.it/bp-is-on-track-to-a-strong-first-quarter/ Wed, 10 Apr 2024 03:49:47 +0000 https://stockmark.it/?p=31782 BP is expecting a “strong performance” from its trading division, which buys and sold oil. It also expects an improvement in the upstream production and gas of oil and low-carbon fuels. The FTSE group stated in advance of the release of its first quarter results at the beginning of May that “the oil result is […]]]> https://stockmark.it/macquarie-is-among-the-lenders-of-thames-waters-parent-company/ Wed, 10 Apr 2024 03:31:35 +0000 https://stockmark.it/?p=31773 Macquarie, a financial group based in Australia, is a member of the consortium that lends to Thames Water parent company Kemble Water Finance. The fate of the struggling utility could be decided by the lenders last week, including two Chinese state-owned bank, the Dutch ING and Allied Irish Bank. The disclosure of Macquarie’s involvement may […]]]> https://stockmark.it/tsmcs-11-6bn-us-production-agreement-boosts-joe-biden-ai-chip-ambitions/ Tue, 09 Apr 2024 05:09:41 +0000 https://stockmark.it/?p=31755 Taiwan Semiconductor Manufacturing Co., the world’s largest chipmaker, has agreed that its most advanced products will be made in Arizona starting in 2028. This is a major boost for White House efforts to bring manufacturing of semiconductors to American soil. TSMC is upgrading its plans to build a fabrication facility, or fab in Phoenix, Arizona. […]]]> https://stockmark.it/a-boeing-aircraft-engine-cover-is-removed-from-another-aircraft/ Tue, 09 Apr 2024 04:42:13 +0000 https://stockmark.it/?p=31745 Federal investigators launched a new investigation into a Boeing after the engine cowling on a Southwest Airlines plane blew off during flight. The aircraft, which had departed Denver for Houston at 07:00 local time on Sunday morning, returned to Denver and safely landed. It was carrying 135 passengers with six crew members. The aircraft involved […]]]> https://stockmark.it/vitol-reports-13bn-profit-in-second-consecutive-bumper-year/ Mon, 08 Apr 2024 07:47:50 +0000 https://stockmark.it/?p=31724 Vitol is the largest independent commodity trader in the world. It has earned far more profits than its competitors for the second consecutive year, cementing its position as a major player in the global energy market. According to sources familiar with the results of the company, the privately-owned group, whose London-based chief executive made a […]]]> https://stockmark.it/the-chinese-property-crisis-may-shake-the-foundations-of-city-of-london/ Mon, 08 Apr 2024 07:37:40 +0000 https://stockmark.it/?p=31719 Last month in Beijing, the lord Mayor of London met Han Zheng – vice president of the People’s Republic of China. Rishi Sunak, a British economist, warned days later that China was the “greatest threat” to UK economic security. However, the City of London Corporation shows no signs of tension between the two countries. According […]]]> https://stockmark.it/virgin-atlantic-well-soar-new-heights-in-2019/ Thu, 04 Apr 2024 04:29:20 +0000 https://stockmark.it/?p=31684 Virgin Atlantic, which almost died during the pandemic in 2009, says that it will achieve record profits this year when passenger numbers return to pre-Covid levels. The Heathrow carrier, owned by Virgin Group of Sir Richard Branson and Delta Air Lines in the US, returned to profitability by 2023, but the heavy debts it had […]]]> https://stockmark.it/justin-king-invests-50m-in-hospitality-companies/ Wed, 03 Apr 2024 05:19:33 +0000 https://stockmark.it/?p=31668 The consortium, which includes Justin King, former CEO of J Sainsbury and other high-net worth individuals, has raised £50million to acquire premium restaurants. Hestia Hospitality – named after the Greek Goddess of Home and Hospitality – has closed three small deals, but is “in heads of terms” with two larger businesses. It aims to reach […]]]> https://stockmark.it/shein-profits-more-than-double-to-2bn-before-planned-listing/ Tue, 02 Apr 2024 07:11:05 +0000 https://stockmark.it/?p=31644 Shein, an online fast-fashion company, has seen its profit more than double as it waits for Beijing’s approval to list its blockbuster in New York or London. Shein has recorded a record profit of over $2bn for 2023. The company’s website sold products worth $45bn. Four people who are close to the firm confirmed this. […]]]> https://stockmark.it/sequoias-indian-former-arm-benefits-from-investors-who-move-money-out-of-china/ Tue, 02 Apr 2024 06:58:55 +0000 https://stockmark.it/?p=31638 The former head of Sequoia Capital’s India unit said that the country was getting a “huge” boost as investors moved their money from China, as geopolitical conflicts reshaped the global venture capital markets. Shailendra Singh is the managing director of Peak XV. One of Asia’s largest tech investors, with $9bn of assets under management. He […]]]> https://stockmark.it/hong-kongs-port-is-losing-ground-as-exporters-shift-to-mainland-china/ Tue, 02 Apr 2024 06:37:06 +0000 https://stockmark.it/?p=31629 Hong Kong is losing out to competitors in south-east Asia and mainland China in terms of seaborne cargo volume. Drewry, a maritime consultancy, says that the container throughput in Hong Kong dropped 14 percent last year and reached 14,3mn Twenty-foot Equivalent Units (TEUs). The biggest drop in percentage among the world’s largest ports was last […]]]> https://stockmark.it/formula-one-owner-closes-on-e4bn-motogp-deal/ Thu, 28 Mar 2024 04:30:15 +0000 https://stockmark.it/?p=31542 According to sources familiar with the situation, Formula One owner Liberty Media has exclusive negotiations to purchase the company that owns MotoGP. This would bring together the two elite racing series: the car and the motorcycle. The people who spoke to the media said that Liberty, which was chaired and run by John Malone, a […]]]> https://stockmark.it/merlins-record-revenue-keeps-wheels-spinning/ Wed, 27 Mar 2024 04:30:11 +0000 https://stockmark.it/?p=31522 Merlin Entertainments announced today the purchase of the Orlando Wheel in Icon Park, Florida. It is the tallest observation wheel east of America. The British company has already purchased a Madame Tussauds and a Sea Life Aquarium in the area. With the purchase of this wheel, it can replicate the cluster strategy it has used […]]]>