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Shares
Hipgnosis shareholders support £20m in sweetener to be added to the music sale
Shareholders of Hipgnosis Songs Fund overwhelmingly supported a board proposal that would pay a fee up to £20million to potential suitors to increase the appeal of bidding on its music assets.
A special resolution was passed at an…
Digital 9 sinks due to antitrust concerns
On Thursday, the decline in Digital Nine Infrastructure shares continued and the stock ended the session at the lowest price ever recorded.
The data centre and wireless network infrastructure investor's share price dropped after the…
Investment group invests in high-yielding stocks
The Association of Investment Companies' website recorded the most searches for City of London Investment Trust last year.
The FTSE 250 firm with a market capitalization of £2 billion took the top spot in the rankings for the second…
BP announces a $14bn buyback of shares after exceeding expectations
BP reported fourth-quarter profit ahead of expectations despite the fact that oil and gas prices have fallen from their highs at the start of the Ukraine war.
The FTSE 100 Oil and Gas group reported profits in the final quarter of last…
Rank Group has been the big bet of the day after a return in profit
Rank Group's positive half-year performance prompted traders and bookmakers to place bets.
Owners of Mecca Bingo & Grosvenor Casinos made a profit in the six months up to the end December, with a pretax profit of £10.4m. This is a…
Investors expect Auction Technology Group to go under the hammer
One bank announced that the company was a possible takeover target on the same day Auction Technology Group reported a successful start to the new year.
Analysts at Berenberg said that Auction Technology is a tool that helps traditional…
Investor attacks BP over ‘irrational switch’ to clean energy
Oil giant accused of leaving shareholders £40bn worse off with unrealistic strategy
After an activist investor claimed that they had left shareholders £40bn worse off, BP faces new demands to scrap the "irrational", net zero commitments…
Boeing shares drop after door panel blows out mid-flight
After an Alaska Airlines flight made an emergency landing Friday, shares of Boeing and its parts supplier Spirit AeroSystems have dropped amid renewed concerns about the safety of Boeing's 737 Max aircraft.
was found in the backyard of…
Three’s £2bn payout to shareholders sparks a row over Vodafone merger
The weekend saw a dispute over a record £2bn payment of dividends to the owners and shareholders of Three, the telecoms company. It was claimed that this huge payout was proof that the company was profiteering.
The Unite union claimed…
Softbank and Arm Chiefs Meet Hunt as City Reforms Open Door to Secondary Listing in London
On Tuesday, Arm's chief executive and owner met with Jeremy Hunt at Downing Street. At the same time, regulators announced reforms that could encourage Arm to have a secondary listing in London.
On Tuesday, Rene Haas and Masayoshi son, the…
Ryanair boss Michael O’Leary is on track for a £100mn bonus
Ryanair CEO Michael O'Leary will receive a €100mn Bonus due to the low-cost carrier's shares reaching a new record.
The shares rose to €18.99, which brings their gains for the past year to over 50%. This highlights Ryanair as the most…
Qatar sells shares worth £510mn to Barclays, reducing its stake by 5%
Qatar's sovereign fund has reduced its stake in Barclays. The UK bank is under pressure to revamp its strategy and improve performance by investors.
Qatar Holding, a subsidiary of Qatar Investment Authority, sold nearly 362 million…
Farfetch shares plummet despite talks of the founder taking it private
Farfetch shares fell as much as 50% on Wednesday despite reports its founder may take the luxury online retailer to private after its value plummeted.
Farfetch was due to announce quarterly results on Wednesday, but has postponed it,…
Cazoo founder Alex Chesterman sees his share price wiped out as lenders take control
Alex Chesterman, , the founder of Cazoo, will see his shareholdings in the company nearly wiped out when bondholders seize control of the online car seller.
Cazoo bondholders agreed to swap their debt for shares of the company.…
Northvolt plans Stockholm listing for potential $20bn IPO
Northvolt wants to list its shares at Stockholm, over other venues. This would be one of the biggest flotations in Europe in recent years.
According to sources familiar with the situation, the Swedish battery manufacturer has invited…
Birkenstock shares fall 13% in first day of trading
Birkenstock shares dropped by more than 10% on the first day of trading Wednesday afternoon after the German sandal manufacturer completed the third largest US listing of the calendar year.
After a long period of slowdown, the market for…
This insurer has been paying out eye-catching dividends for the last decade
Admiral's results for the first half of last week may not appear promising, but it may be on its way to smoother waters following a turbulent period. It could also build on an impressive run since April when we first covered this stock.…