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Alstom shares fall on cash flow warning
Alstom's shares fell by more than a quarter on Thursday, after the French manufacturer of high-speed rails lowered its forecast of free cash flow. This was due in part to delays in UK customers taking delivery.
The group has warned that…
Cazoo founder Alex Chesterman’s stake in the company is almost completely wiped out by a US…
Cazoo’s founder saw his 24,3% stake in the car retailer nearly wiped out following a debt-for equity swap of $630 million. Viking Global Investors will be the largest shareholder, which is a US-based fund.
Sky News reported the first…
Goldman Sachs raises 15bn dollars to purchase stakes in private equity fund
Goldman Sachs raised $15bn in order to purchase investors' stakes and to invest in transactions where buyout groups are selling portfolio companies to other funds. This is the latest indication of Goldman Sachs' continued support of the…
BIS warns that hedge fund bets may cause turmoil in US Treasury bonds
The umbrella group of central banks warned that a buildup of leveraged betting could "dislocate", or disrupt, trading on the US Treasury market worth $25tn. This is the latest warning about the possibility for hedge fund bets crowded with…
The Fed is expected to surprise investors by raising interest rates again
According to the majority of academic economists, the US Federal Reserve will surprise investors and raise interest rates at least by another quarter point.
Over 40 percent of respondents said they expect the Fed to increase rates at…
Lazard’s new chief executive tells employees that share prices and revenues could double in…
Peter Orszag, the former adviser to the Obama Administration on economic matters, has set the goal of doubling Lazard’s revenue and its share price by the year 2020. He is preparing to take over the leadership of this renowned financial…
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…