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UK Financial Regulators Face Mounting Pressure to Address Social Class Disparity in City Firms
Leading social mobility organisations have called upon UK financial regulators to mandate reporting of employees' socio-economic backgrounds in a bid to shatter the persistent 'class ceiling' within the financial services sector.
The…
St Jamess Place Abandons Luxury Events in Major Corporate Image Overhaul
Britain's largest wealth manager, St James's Place (SJP), has made the decisive move to terminate its annual extravagant staff gatherings in London and the prestigious spring sports retreat at Scotland's Gleneagles hotel, marking a…
EMV Capital Secures 15 Million Pound Premium Priced Fundraise Amid Market Headwinds
EMV Capital (AIM:EMVC) has successfully completed an oversubscribed £1.5 million fundraising round at a 15% premium to market price, demonstrating robust shareholder confidence despite challenging market conditions.
The deep-tech and…
Vanguard Sounds Alarm on AI Stock Rally Correction Risk Looms
The recent surge in artificial intelligence stocks has potentially overestimated the technology's immediate impact, leading to heightened risks of a market correction, according to investment giant Vanguard.
Joe Davis, chief economist at…
McKinseys Secretive 48 Billion Hedge Fund Revealed
A shadowy investment powerhouse has emerged from within the halls of global consulting giant McKinsey, managing a staggering $48 billion exclusively for its current and former partners. McKinsey Investment Office (MIO Partners), which began…
Market Uncertainty Prompts British Companies to Delay IPOs as Peel Hunt Reports Mixed Outlook
British companies are putting their flotation and merger plans on hold amid growing market uncertainty following last month's budget announcement, according to leading broker Peel Hunt. The company, which serves numerous small and…
TI Fluid Systems Set For One Billion Pound Exit From London Stock Exchange
The London Stock Exchange is poised to bid farewell to yet another significant player as TI Fluid Systems agrees to a £1 billion takeover by Canadian rival ABC Technologies. The FTSE 250 engineer's board has thrown its weight behind the…
Aviva Launches Ambitious 33 Billion Pound Takeover Bid for Direct Line
The insurance sector witnessed a seismic shift today as Aviva launched a £3.3 billion takeover bid for rival Direct Line, sending shockwaves through the financial markets and sparking speculation of an imminent bidding war.
Direct Line's…
Just Eat Waves Goodbye to London Stock Exchange as Cost Cutting Drive Intensifies
In a significant move that underscores the changing landscape of global financial markets, Just Eat Takeaway has announced its departure from the London Stock Exchange (LSE), opting to maintain its sole listing in Amsterdam where the…
Aston Martin Share Price Tumbles as Emergency Fundraising and Profit Warning Shake Investor…
Luxury car manufacturer Aston Martin Lagonda witnessed its shares plummet to a two-year low following an emergency fundraising announcement and its second profit warning within two months. The Midlands-based company revealed plans to raise…
Tesla Share Price Surges as Trump Administration Signals Federal Self Driving Car Framework|
Tesla's share value experienced a significant uptick of over 7 per cent during morning trading on Wall Street, following reports that Donald Trump's transition team is contemplating a relaxation of self-driving vehicle regulations.
The…
Hong Kong Markets Tumble as Chinas 14 Trillion Yuan Stimulus Package Falls Short of Expectations
Hong Kong's equity markets experienced a significant decline on Monday following Beijing's announcement of a fiscal stimulus package that failed to meet investor expectations. The Hang Seng index, widely regarded as a key indicator of…
UK Shares and Bitcoin Surge Following Trump’s Re-election
In a dramatic day for global financial markets, UK shares and Bitcoin have surged following Donald Trump's surprise re-election as US President. The unexpected outcome has sent shockwaves through markets worldwide, with significant…
German Car Industry Shares Plummet as Trump Victory Sparks Tariff Fears
German automotive manufacturers witnessed a significant market downturn today as Donald Trump's presidential victory fuelled concerns over potential steep tariffs on European vehicles. Share prices for major German automakers experienced…
ADM Cancels Investor Call as Fresh Accounting Concerns Surface Share Price Plummets
Agricultural commodities giant Archer Daniels Midland (ADM) has cancelled its quarterly results webcast with investors following the discovery of financial-reporting errors, deepening the crisis that began when it placed its finance…
UK Investors Dump £1 Billion Sterling from Funds Ahead of Budget Tax Changes
British investors withdrew nearly £1 billion from UK-focused stock funds in October, acting pre-emptively to avoid increased capital gains tax rates announced in Rachel Reeves' autumn budget.
Data from Calastone, the world's largest…
Tech Stocks Tumble as Wall Street Suffers Worst Daily Performance Since September
US stocks surrendered their October gains as a significant tech sell-off triggered Wall Street's most substantial daily decline in nearly two months. The S&P 500 fell 1.9 per cent whilst the tech-heavy Nasdaq Composite plummeted 2.8 per…
Only two companies float on the London Stock Exchange during this dry summer
Only two companies listed on the London Stock Exchange in the third quarter. The total raised was £64.8m, an 82 percent drop from the same time last year.
EY, an accountancy firm, reports that there were only ten listings this year. They…