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Shares
Shein is close to announcing London IPO reports
Shein will announce in the next few days that the London Stock Exchange is the destination of its initial public offering, according to reports.
This Is Money of the Daily Mail reported that the directors of the Singapore fast-fashion…
Reddit, the social media site, soars by 48% at its New York IPO
Reddit shares soared by nearly half in their debut on the market, a vote for confidence in initial public offerings following two years of subdued activities.
Stocks closed Thursday under the ticker RDDT at $50.44, up 48% from the IPO…
Direct Line’s suitor flees to China in a scramble for money
This weekend, the boss of the Belgian insurance company that made the audacious bid for Direct Line to the tune of £3 billion will be flying to China to meet with his largest shareholder amid rumors that he's racing to gain support for a…
Aviva buyback brings shareholder returns up to £9bn
Aviva's boss has intensified her efforts to turn around the insurer. She is implementing a plan that will boost cash returns to investors and increase annual profits by £2 billion within three years.
Amanda Blanc stated that the group is…
BAE Systems, the defence specialist, is at the forefront
BAE Systems is no longer a pariah, but a saviour to many investors. The latest call for more material by President Zelensky, at the second anniversary, has brought the spotlight back on arms manufacturers. BAE Systems' announcement of its…
Japanese stocks surpass record highs set during 1980s boom
Japan's stock exchange reached its highest level ever, surpassing that of the late 1980s bubble economy and marking a symbolical recovery after 34 years of stagnation.
The Nikkei Average of the top 225 Japanese companies closed on…
Nvidia declares AI ‘tipping point’ as quarterly revenues jump 265%
Nvidia's shares surged on Wednesday night, after the company announced a 265 percent increase in quarterly revenues and forecasted even higher sales due to an artificial intelligence spending frenzy.
The fourth quarter revenues were…
Currys’ largest investor warns of UK Stock Market Decline
Currys' top investor cautioned that international companies will start looking closely at London businesses, following a bidding war involving the electronics retailer.
Redwheel, which owns 14.6pc shares in Currys said that it was…
Shares of Arm are up almost 50% due to AI demand
Arm shares soared almost 50% on Thursday, after the UK chip manufacturer reported higher revenues, boosted by a strong demand for artificial Intelligence.
SoftBank-backed Arm raised its outlook for earnings after it reported revenue of…
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…