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Stockmarket News
Arm shares soar by 25% in the first trading day
The Nasdaq-listed shares of chip designer Arm rose by a quarter on its first trading day, Thursday. This valued the SoftBank-backed firm at over $65bn.
Arm closed Thursday at $63.59 per share, a significant increase from the $51 agreed…
Allied Gold skips London to list in North America
The CEO of a newly-listed gold mining company said the future lies in Toronto or New York. More precious metals miner are now listing their shares on Toronto or New York instead of London Stock Exchange.
Allied Gold is an Africa-focused…
Andrew Bailey, BoE’s Andrew Bailey, casts doubts on the need for future interest rate…
Andrew Bailey said the UK would avoid any further interest rate increases on Wednesday. The pound fell to its lowest level in three months against the US dollar, as currency traders reduced their bets that UK borrowing costs would rise.…
LSE Group plans to launch a digital asset business based on blockchain technology
The London Stock Exchange Group is planning a new digital market business. They claim that it will be the first major exchange in the world to offer extensive trading on blockchain technology, which powers cryptocurrency.
Murray Roos…
After reports about hidden investors, politicians call for action to stop the slide of Adani shares
After two media outlets published new revelations regarding family-related shareholders of the company's shares, the opposition demanded that action be taken.
In a frenetic atmosphere before the elections, the reports shed light on…
Abcam agrees $5.7bn US takeover deal
After its founder demanded a new strategy, an American group will take over one of Britain's top life sciences companies in a $5.7billion deal.
Abcam, based in Cambridge, is a leading global supplier of pharmaceutical research. It was…
The UK’s underinvestment trend is urged to be’reversed’ by the departing L&G…
Sir Nigel Wilson, the former chief executive of Legal & General, has called for more UK investment in order to help early-stage companies compete with their western counterparts. He made this call as he announced his final results.…
Argentina struggles to prevent economic collapse following shock primary victory
Argentina is under increasing pressure to devalue again its currency as it struggles to prevent economic collapse in advance of the October elections, following a shock victory by a radical rightwing presidential candidate at its primary…
Asian stocks tumble as China’s largest private developer delays debt payment
Asian markets fell after concerns over the health of China's second largest economy were raised by problems at China's biggest private property developer.
Country Garden shares fell by over 18% on Monday, after the developer missed an…
Argentina’s markets tremble after shocking primary election results
The markets in Argentina were in shock on Monday following the shocking victory of Javier Milei in the primary election, ahead of the presidential elections later this year. Milei is a libertarian radical economist and an outsider…
Market News: Italy stocks lead losses in Europe after windfall tax on banks
Italian stocks fell after a new surprise tax on bank profits caused the country's banks to tumble, wiping out €9.3 billion ($10.2billion) of their combined market cap. The European index was held back by a surge in the stock market of…
Saudi Aramco gives its shareholders an additional $10bn bonus
The world's largest oil company, despite a drop in profits due to the fall of crude prices, will give an additional $10 billion back to its shareholders during this quarter.
Saudi Aramco announced that it will begin paying out…
PayPal launches stablecoin to push deeper into crypto payment
PayPal launches a stablecoin. It is the first major financial institution that has delved into crypto payments, even as US regulators are increasing their scrutiny over digital assets.
PayPal USD is a stablecoin that has a dollar value.…
Fat-finger mistakes that cost the city dear
Last week, Nasa mission specialists admitted that they had made a serious mistake when it was revealed that the wrong instructions were sent to the Voyager 2 space probe. This resulted in the loss of contact.
Incorrect commands sent to…
London Stock Exchange boss: City is too important to be successful in Brussels’ post Brexit…
The plan by Brussels to take over London's lucrative clearing markets won't deny European banks the Square Mile. This is what the head of the London Stock Exchange Group, LSEG has stated.
David Schwimmer stated that "we are well…
GAM makes a last-ditch attempt to win Liontrust’s rescue deal
GAM has tried to reassure shareholders about its offer to take over UK asset manager Liontrust, which it claims is vital to its survival.
The Swiss investment house responded, a day before its results announcement in which it expects to…
Man Group shares fall as performance fees and profit collapse
The shares of the largest hedge fund manager in the world, Man Group, fell on Tuesday after performance fees and profits plummeted.
Early afternoon, shares fell 7.4 percent after the group announced that fees for fund returns dropped by…
Wizz Air’s plan to give the chief executive extra time to reach his £100mn bonus is criticized
Wizz Air's plans to extend the time period for the chief executive to unlock the £100mn bonus by two years has triggered backlash, as the airline struggles with a depressed stock price and the aftermath of a regulatory warning over its…