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Nick Candy Backed Mining Company Sets Sights on £67 Million Pound Takeover of Condor Gold
A London-listed gold miner, backed by prominent financier Nick Candy, has launched a significant bid for its rival amid a surge in gold prices reaching historic highs this year. Metals Exploration, trading on London's junior AIM market and…
French Prime Minister Michel Barnier Faces Critical No Confidence Vote as Budget Crisis Deepens
France's government teeters on the edge of collapse as Prime Minister Michel Barnier challenges parliament over contentious tax and spending plans. The political drama unfolding in Paris has sent shockwaves through European financial…
Chinese Shopping Giant Temu Moves to Revolutionise UK Retail Market with Local Suppliers
In a strategic move that signals mounting pressure on British high street retailers, Chinese e-commerce powerhouse Temu has initiated recruitment of UK-based suppliers for its flourishing shopping platform. The company's expansion marks a…
UK Market Sees Surge in Takeover Activity as Three Major Deals Emerge
The UK market witnessed an extraordinary surge in takeover activity on Thursday, with Macquarie launching a fresh £701 million bid for waste management group Renewi, marking the third approach for a London-listed company within 24 hours.…
Kingfisher Shares Plummet as French Market Woes Force Profit Warning
Kingfisher, the parent company of B&Q and Screwfix, witnessed a dramatic 13 per cent decline in its shares after downgrading its full-year guidance and announcing an anticipated £31 million impact from increased employers' national…
Starbucks Slashes Coffee Hedging Programme Despite Market Surge Raising Risk Concerns
The world's largest café chain, Starbucks, has dramatically reduced its hedging against coffee price fluctuations amid soaring bean prices, potentially exposing itself to significant market volatility. The company's fixed-price contracts…
Nvidia Shares Falter Despite Staggering AI Driven Profit Growth
The world's most valuable chipmaker, Nvidia, has reported spectacular quarterly results, with sales soaring 94% year-on-year to $35.1 billion, surpassing market expectations of $33.2 billion. The company's net profit demonstrated remarkable…
Adani Group Shares Plummet as US Bribery Charges Spark $20 Billion Market Rout
More than £20 billion in market value vanished from Gautam Adani's corporate empire after US corruption charges rattled one of India's wealthiest businessmen, causing shares across his vast business portfolio to tumble dramatically.
The…
Elf Beauty Shares Plummet as Muddy Waters Takes Short Position
Shares in Elf Beauty experienced a significant decline after renowned short seller Muddy Waters revealed its bearish position against the US cosmetics manufacturer. The Oakland-based company's stock plunged 15 per cent to $103, reducing its…
Bill Hwang Former Wall Street Trader Sentenced to 18 Years Behind Bars
Bill Hwang, the once-prominent Wall Street trader and founder of Archegos Capital Management, has been sentenced to 18 years in prison following his conviction for orchestrating one of the most significant market deceptions in recent…
Global Markets Tumble as Ukraine Conflict Intensifies and Putin Updates Nuclear Policy
Financial markets witnessed significant downward pressure on Tuesday as geopolitical tensions reached new heights following reports of Ukraine's deployment of US-manufactured long-range missiles into Russian territory, coupled with Vladimir…
Informa Group Revises One Billion Pound Profit Target Amid Strong Events Recovery
British events and academic publishing powerhouse Informa has adjusted its profit forecast, stepping back from its ambitious £1 billion target for 2024. The FTSE 100 constituent now projects adjusted operating profit to exceed £975 million,…
Gold Price Set to Soar to Record Breaking $3000 Dollars per Ounce by 2025 Says Goldman Sachs
Goldman Sachs, the prestigious Wall Street investment bank, has forecast gold prices could reach an unprecedented $3,000 per ounce by December 2025, citing increased central bank demand and anticipated US interest rate cuts as primary…
UK Energy Bills Set to Rise by £19 Pounds in January 2025 as Cornwall Insight Revises Forecast
British households are bracing for another increase in their energy costs as mounting international competition for gas continues to drive prices upward. Cornwall Insight, a leading energy consultancy, projects that Ofgem will announce a…
Elliott Management Takes Aim at Honeywell with $5bn Stake Pushing for Historic Split
Elliott Management has revealed a massive £5bn stake in Honeywell International, marking its largest-ever investment whilst pushing for a significant break-up of the £164bn industrial conglomerate.
The activist investor's bold move…
European Markets Plunge as Trump Tariff Concerns Rattle Global Investors
European stocks and currencies faced a significant downturn on Tuesday as market participants grew increasingly concerned about the potential impact of Donald Trump's aggressive trade policies towards China under a possible second…
Trump Victory Sends Global Markets Into Strategic Repositioning Mode
Financial markets responded decisively to Donald Trump's comfortable victory in the US presidential election, with swift movements across asset classes signalling investors' expectations of significant policy shifts ahead.
The immediate…
Dollar And Bitcoin Surge As Trump Returns To White House And Global Markets React
Global financial markets experienced significant shifts today as Donald Trump secured his return to the presidency, triggering substantial gains in the US dollar, Bitcoin, and Treasury yields while sending ripples through international…