Stockmarket News

Bitcoin rose above $30,000 for first time since June 2022. It has risen more than 80% in the past year. This rebound is more intense than the nearly 20% gain on Nasdaq 100, with which Bitcoin has had a tendency to move in tandem. It…

Vertical Aerospace's senior executive compared the faltering stock market debut of its flying taxi startup to Tesla's early days in public life. Michael Cervenka (chief technology officer of the Bristol-based company) acknowledged…

Due to a steadily improving British economic outlook, the pound will continue its reign as the best-performing major currency in the world. Sterling reached an 11-month high at $1.25 per dollar last week. This caps a run where it has…

Marshall Wace made the largest short-selling wager against NatWest that the City regulator has ever recorded. This is because fears about the health and stability of the global banking sector cause volatility in the sector. According…

Nicolas Hieronimus, a L'Oreal Lifer, was trained in the French beauty brand's slow-and steady dealmaking tradition. He was appointed chief executive in 2002, but he continued to fight for Aesop's survival two years later. According…

BlackRock's advisory arm was appointed by US regulators to sell $114 billion worth of securities that were inherited from failed lenders Silicon Valley Bank (and Signature Bank) in March. The fate of the holdings which include…

Hedge funds earned more than $7bn by betting against bank shares in the current crisis that rocked this sector. This was their largest profit since the 2008 financial crisis. These record-breaking gains occurred during a difficult…

Goldman Sachs has been sued by a Hollywood businessman whose clients include Madonna and Drake. He claims that Goldman Sachs tricked him into giving up business secrets in an attempt to reach a $7bn agreement with a private equity firm.…

An Opec member's announcement of an unexpected production cut might have caused panic in the financial markets and capitals of the west. An oil producer cartel embargo in 1970s triggered an inflationary shock which plunged the world…

A combination study of two of AstraZeneca's most popular cancer drugs has produced positive results. This is as Britain's largest drug group continues to expand the range of its blockbuster drugs. According to the FTSE 100 company, a…

According to the International Monetary Fund, the world's economy will experience its worst growth period since the 1990s in the next five-years as high inflation and financial risk stalk central banks and governments. Kristalina…

Shell reported another record quarter for its gas traders. This sent its shares up more than 2% as analysts raised their profit forecasts. Europe's largest oil and gas company said profits from its liquefied natural gasoline (LNG)…

We are standing at Number Five blast furnace, at the Port Talbot steelworks. It's another windy day in South Wales. The cast house floor is filled with the strong stench of soot and sulphur. A few meters away from the oven's…

Apollo Global Management has re-emerged with a final proposal to take over John Wood Group. American private equity firm will pay 240p for each share, an increase from 237p last month. This new sum values the Scottish engineering and…

New evidence suggests that businesses are becoming more optimistic about the economic state and the pound rose to an 11-month peak. Sterling remained the top-performing currency in the world with a 0.6% rise in the dollar to $1.25.…

As the CBI's crisis deepened, the government stopped engaging with it and many firms within its membership retreated in the interim pending the results of an investigation into sexual misconduct allegations. Ministers and top…

The International Monetary Fund stated that governments must tighten regulations for pension schemes, investment funds, and insurers to prevent a new financial crisis. The fund called on regulators to "robust supervision, regulation,…

Only 5% of the UK's largest public companies published climate transition plans that were "credible" or sufficient detail under draft British government guidance. This despite most businesses claiming they are committed to reducing…