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Shares of UK chip designer Arm fall following disappointing revenue forecast
The shares of UK chip designer Arm dropped after its revenue projection for the current quarter disappointed Wall Street in its first earnings release since it went public in September.
Arm forecast revenue between $720mn and $800mn for…
Lloyds to Sell Scottish Widows Annuities in Bulk
Lloyds Banking Group Plc, according to sources familiar with the situation, is working with investment bankers on the sale some assets of its pension provider Scottish Widows.
People familiar with the matter said that Morgan Stanley and…
Peel Hunt: UK Stock Market in a Doom Loop as it Shrinks
According to UK investment bank Peel Hunt, the market for Britain's small and medium-sized stocks is rapidly shrinking, putting London's reputation as an international financial centre at risk.
The UK market is losing more companies than…
BP shares drop after profit misses estimates on weak gas trading
BP Plc’s third-quarter profits rebounded from prior periods, but fell short as weak results in the gas marketing sector offset a good performance in oil trading.
As of 8:03 am in London, shares of the company dropped 4.1% to 505.2p.
BP,…
HSBC plans to buyback $3 billion, CEO touts capital strength
HSBC Holdings Plc has announced a new buyback program, hinting at potential future returns for investors despite announcing a third-quarter profit that fell short of market expectations.
The London-based bank announced it would soon begin…
China tech IPOs drop as regulators crack down on startups
After regulators raised the bar on initial public offerings to select domestic champions who can assist Beijing in its drive for technological self-sufficiency, a record number of companies dropped their plans to list at Shanghai's…
Jim Ratcliffe won’t be able to buy Manchester United shares through his companies
Ineos Group, the chemical company owned by British businessman Jim Ratcliffe, has assured creditors that it will not tap into its chemical empire in order to finance an offer for a share in Manchester United.
Ineos Quattro executives, a…
The Yen (JPY), which is the Japanese currency, has fallen to a level not seen in three decades when…
The dollar fell below 150 again, increasing the risk of intervention by the government on the currency market. This increased pressure on the Bank of Japan for it to adjust its monetary policy.
The currency was trading in the same range as…
The Catastrophe bond market is set for a major surge in issuance
This year, the market for catastrophe bond is one of the best performing debt classes. The World Bank is a major issuer and will be increasing its offerings, which should lead to an increase in sales.
Over the next five-year period, the…
Power Capital Renewable Energy, a PE-backed company, is for sale: Times
There are flights from New York, London, Los Angeles, Paris, Bangkok, and Athens.
Israel's diaspora, which includes reservists and volunteers, is returning home despite the cancellation of services by several airlines.
Israel Bachar is…
Investors pay highest premium ever to hold European risky debt
The highest premiums in seven years are being paid by Europe's most risky corporate borrowers to access the €412bn junk bonds market. This is a sign of growing concerns that an extended period of high rates and a slowdown in the economy…
The threat of war in the Middle East puts markets on edge
Cooperation between developed nations fractures as prospect for wider crisis looms
A deadly explosion at a Gaza hospital drove oil prices to their highest level since the outbreak of war between Israel and Hamas on Wednesday.…
RMT members support further action and could extend the train strikes for another six months
Sir Keir starmer has received the backing of one of the most influential financiers in the world. He said that Starmer had given him hope for politics.
Larry Fink is the Chairman and Chief Executive of BlackRock. The world's biggest fund…
Amigo, a UK subprime lender, plans to enter the music streaming market
Amigo Holdings, the ailing UK subprime lender currently winding down its business, is in talks over a move into the music and film streaming market in a bid to preserve "some small value" for shareholders.
The company said on Tuesday…
Japan Stock Exchange adopts name-and-shame regime to boost corporate values
Japan's stock market is introducing a radical, new "name and shame" regime in order to improve governance and boost valuations.
The Japan Exchange Group (JEG), which controls both the Tokyo and Osaka stock exchanges, said in March it was…
European companies halt IPO Plans on Market Conditions
Investors' concerns over market conditions are preventing European companies from listing on local stock markets.
Planisware, a French software company, halted on Wednesday its plans to list in Paris. It would have been the biggest…
UK investors withdraw from bond and fixed income funds
The turmoil on the bond markets both in the US and the UK has eroded investor confidence.
The yield on US Treasuries 30-years reached its highest level in 16 years this week, as the markets digested higher interest rates and longer…
Alstom shares fall on cash flow warning
Alstom's shares fell by more than a quarter on Thursday, after the French manufacturer of high-speed rails lowered its forecast of free cash flow. This was due in part to delays in UK customers taking delivery.
The group has warned that…