UK short positions fall as investors pile into bets against consumer firms November 7, 2022 The total number of short positions in UK companies slid in October as investors piled into bets against consumer firms across Europe amid a squeeze on shoppers’ spending power, new data has revealed.
Precious gems are a ‘recession resistant’ market, reveals mining boss November 7, 2022 Gemstone markets should be "recession resistant" despite the looming downturn in the global economy, predicted Gemfields.
Philip Morris finally wins backing for £13bn Swedish Match deal November 7, 2022 Malboro maker Philip Morris International finally wins support for its $15.7bn takeover of Swedish Match, despite securing slightly less than 90 per cent of backing. PMI said said it nabbed 82.59 per cent of the Swedish company, short of the 90 per cent level at which it can start a compulsory purchase of remaining shares. [...]
Qatar World Cup: BrewDog slammed for ‘disingenuous’ gesture giving profits to charity November 7, 2022 BrewDog has been slammed for launching a “disingenuous” ‘anti-sponsorship’ campaign for the Qatar World Cup, donating profits to charities but continuing to show the tournament. The brand said it would show the World Cup at its outlets but “all the profits from our Lost Lager sold during the tournament going to fight human rights abuse.” [...]
London’s investor pool too shallow to tempt growing firms, say top chairs November 7, 2022 Chairs at some of London’s top firms have slammed a dearth of investors in London and cast doubt on the appeal of the Capital as a hub for growing firms, in a new report surveying the City’s top executives.
The Hydrogen Revolution Starts Now November 7, 2022 | Sponsored Back in 2007, Jeremy Clarkson predicted that whoever leads the way when it comes to embracing hydrogen technology will be the richest person on Earth. While this was a prediction about the fuel’s applicability in automobile market, 15 years on, detailed in a report released today, his prediction now has the most potential in the [...]
Christmas voucher firm Appreciate Group to be snapped up by PayPoint for £83m November 7, 2022 Christmas voucher firm Appreciate Group has been snapped up by PayPoint for £83m, with he firm’s shares jumping 50 per cent. PayPoint is offering each share at 44 pence each meaning the deal would reach around £83m. Shareholders of the company, which offers payments at 28,000 convenience stores across the country, while Appreciate Group stakeholders [...]
Strikes another blow to struggling City hospitality businesses November 7, 2022 Small business owners have said they are struggling to survive as postal workers are set to walk out and amid the looming threat of rail strikes. Matt Harris, 49, who runs wine bars Planet Of The Grapes and Fox Fine Wines in London, said that strike action is just “another dagger” for already struggling hospitality [...]
Duolingo chief backs London tech scene and World Cup language boom November 7, 2022 The man behind Duolingo says he backs London as a thriving tech hub, despite concerns about digital talent gaps. Speaking with City A.M., chief executive Luis von Ahn praised the UK’s artificial intelligence capabilities, as well as its “really good universities,” explaining that the US firm was looking to grow its four-person team in the [...]
DX bets big on express delivery as logistics firm plans eight new depots across UK November 7, 2022 London-listed logistics firm DX has announced plans for a range of new depots across the UK, as the company is aggressively pushing into express delivery. DX confirmed this morning plans to set up eight depots over the next financial year, with the company in its second year of a £20m to £25m group-wide investment programme. [...]