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Chemring orders reach record levels amid rising global tensions
Chemring, a company listed at the London Stock Exchange and one of the last defence firms in Europe, has seen a record-breaking order intake.
In its results for the half year ending April, the company stated that orders would begin to…
ESG funds have ‘worst withdrawal month ever’
British investors dumped funds badged as sustainable or ethical at their fastest pace ever last month, according to a snapshot of fund-buying behaviour.
There was a net outflow of £304 million in May from so-called ESG equity funds --…
Coinbase accused of illegal operation by US watchdog
The top American market regulator is suing Coinbase - the largest cryptocurrency trading platform in the country - claiming that the company has been operating illegally and without registration with the regulator.
The Securities and…
The signing of the Biden debt-bill will unleash a tsunami of US debt sales
After months of disruption, the Treasury Department has been given green light by President Joe Biden to resume new net debt issuance following the signature of the legislation suspending federal debt ceiling.
Treasury has used special…
How a Midnight OPEC Deal Won Gulf Unity on Africa’s Expense
The two Gulf heavyweights of OPEC walked hand-in-hand from the OPEC headquarters to the Vienna sun, Saturday. They signaled the end of a long rift.
Saudi Arabia has reached an agreement to allow the United Arab Emirates to pump more…
Binance, a crypto exchange, is being sued by the SEC as part of a new round of US regulators.
US Securities Market Watchdog sued Binance, world's biggest crypto exchange. It accused it of violating laws, including mixing billions in customer funds with a separate firm owned by the chief executive.
The Securities and Exchange…
The mystery trader’s windfall on the debt ceiling sparks insider concerns
A mystery trader, who was able to predict the move by the US government to approve a 300-mile pipeline of natural gas as part a bill to prevent a Treasury default, surprised almost everyone.
Wall Street analysts expected vague promises…
London is headed for a Brexit showdown. Financial reforms will not stop it from crashing out
Xavier Rolet, former LSE chief, on what went wrong in London
Former boss of London Stock Exchange (LSE), has warned that reforms to boost the market's competition will not be able to save the Square Mile from a perpetual…
Investors slam Dr Martens after yet another profit warning
Investors who had invested in Dr Martens were forced to leave the company after the "accident prone" bootmaker announced that its profits missed expectations.
The FTSE250 company's shares fell 18 1/4p or 11.7% to 138p after its US sales…
Ratcliffe’s offer to six Glazer siblings allows them to retain their Manchester United stakes
Billionaire wants to buy enough B shares in order to control club over a period of years. The six Glazer siblings could retain stakes in Manchester United in a proposed phased takeover of the football club by Sir Jim Ratcliffe, who is…