Browsing Category
Stockmarket News
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…
St James’s Place share prices drop sharply on proposed fee reduction
St James's Place will lower fees for a wide range of investment options, reducing its projected profits and causing the steepest drop in the share price of the FTSE100 company in seven years.
The UK's biggest wealth manager announced…
Kering purchases 30% of Valentino from Qatari fund
Kering agreed to purchase 30 percent of Valentino's shares from Qatari Mayhoola as part of "strategic deal" that allows the French luxury group to have full control over the Italian fashion house in 2028.
The €1.7bn cash purchase "is…
Crude oil prices fall ahead of the crucial Federal Reserve meeting
Prices of crude oil stabilized at three-month-highs on Tuesday as traders awaited news from the Federal Reserve after signs of tighter supply and Chinese promises to boost the second-largest economy in the world.
By 09:30 ET (13:30 GMT),…
After inflation falls, UK stocks experience their biggest rally since January.
This week, UK stocks staged their largest rally since January as investors warmed up to a market which has missed the global gains of this year.
Bloomberg data shows that a drop in UK Inflation greater than expected in June led to a 3.1…
Magnificent seven tech companies have saved the stock market, but they are now riding to a fall
This is a fascinating fact: the latest leg of America’s long bull-market was driven almost exclusively by seven stocks, namely Alphabet (Alphabet), Apple (Apple), Meta (Microsoft), Nvidia, and Tesla. These are what Bank of America…
European luxury stocks fall after Richemont suffers US recession
The shares of high-flying European groups that produce luxury goods fell on Monday, after Switzerland's Richemont experienced a slowdown in US sales. This shattered investor confidence about the recovery in Asia's sales for this sector.…
Hargreaves Lansdown Chair resigns after criticism by co-founder
Hargreaves Lansdown's chair is about to leave the position after serving in it for more than five year. This comes following criticism by the co-founder of the company and its largest shareholder regarding rising costs and falling share…
Birkenstock considers £5bn listing on the stock exchange as ‘ugly sandals’ become…
Birkenstock, a 250-year old company that was once ridiculed for its "Jesus sandals", is now enjoying a boom in popularity.
L Catterton is a private equity firm that has hired Goldman Sachs to examine options for Birkenstock, including a…
Acquisition opportunities are created by a weak economic outlook and a negative investor sentiment
Share this tip from Questor: It's not rocket-science to know that now is the perfect time for mergers, acquisitions and other business transactions.
Investors are more likely to focus on the negatives than the positives.…
Trustpilot’s supporters give the update a 5-star rating
Investors were interested in Trustpilot's most recent trading update after the consumer website raised its profit guidance, following a successful start to the new year.
The company allows users to check the reliability of businesses…
As DWF becomes private, DWF lawyers are lining up for payouts worth over £1m.
As British law firm DWF prepares for its privatization, at least 40 lawyers will receive a pay-out of more than a million pounds per lawyer.
The London-listed DWF said on Monday that it was in talks to sell itself to Inflexion…
Carl Icahn restructures his personal loan following short seller attack
Carl Icahn restructured the multi-billion dollar personal loan that he had taken against shares of his investment company Icahn Enterprises after a report by short-sellers about his debts led to a drop in stock prices.
Icahn Enterprises …