There has been ‘rampant fundraising activity’ on AIM this year, and the junior market has been well and truly open for business during lockdown, according to data compiled by City broker Allenby. Indeed, since the lows of mid-March, activity levels are at their highest in recent memory, it added. A total of £2.4billion has been … Read more
Engineering firm John Wood Group warns profits set to fall by nearly a fifth due to the coronavirus crisis depressing the oil market The firm won a contract worth over $200m to build two solar projects in Virginia Company orders at the end of May have fallen 11% since December 2019 John Wood Group’s board … Read more
MARKET REPORT: Bank of England’s £100bn cash injection fails to excite investors, with the FTSE 100 shedding 0.5% By Francesca Washtell For The Daily Mail Published: 21:51 BST, 18 June 2020 | Updated: 21:51 BST, 18 June 2020 London shares sagged after the Bank of England disappointed investors with its latest stimulus plan. The Old … Read more
Taylor Wimpey to repay furlough cash: Builder’s vow ramps up pressure on profitable firms By Matt Oliver For The Daily Mail Published: 21:56 BST, 18 June 2020 | Updated: 22:09 BST, 18 June 2020 Firms that rake in huge profits have come under pressure to hand back taxpayer’s cash for furloughed staff, after Taylor Wimpey … Read more
Scuttled cruise operator Carnival to sell off six ships after sinking to a £3.5bn loss By Daily Mail City & Finance Reporter Published: 21:58 BST, 18 June 2020 | Updated: 21:58 BST, 18 June 2020 Carnival warned there is more pain to come after it dived to a record £3.5billion loss in the second quarter. … Read more
De La Rue to shutter Gateshead factory putting 260 jobs at risk after losing Brexit passport contract By Daily Mail City & Finance Reporter Published: 21:50 BST, 17 June 2020 | Updated: 21:50 BST, 17 June 2020 Printer De La Rue will end production at its Gateshead factory that has made the UK’s passports for … Read more
Fat cats accused of ‘virtue signalling’ as they revert to full pay while millions face unemployment By Tom Witherow For The Daily Mail Published: 21:50 BST, 17 June 2020 | Updated: 21:50 BST, 17 June 2020 Bosses of FTSE 100 firms have been accused of ‘virtue signalling’ by reinstating their full salaries as millions face … Read more
Fears Rolls-Royce will cut up to 4,500 jobs in the East Midlands as it grapples with the fallout of Covid crisis By Matt Oliver For The Daily Mail Published: 21:51 BST, 17 June 2020 | Updated: 21:51 BST, 17 June 2020 Rolls-Royce could cut up to 4,500 jobs in the East Midlands as it grapples … Read more
MARKET REPORT: Founder of ‘legal loan shark’ Amigo left friendless after failed attempt to unseat the board By Francesca Washtell For The Daily Mail Published: 21:51 BST, 17 June 2020 | Updated: 21:53 BST, 17 June 2020 The founder of Amigo has thrown in the towel, promising to back away from the controversial lender after … Read more
Boohoo has once again bucked the trend for dismal news in the world of retail, posting strong quarterly results, seeing its share price rise to a new high and snapping up the defunct online operations of Oasis and Warehouse. Fresh from its spat with short-seller Shadowfall and a furore over top brass pay, Boohoo ‘continues … Read more