Eurowag admitted to FTSE250 following Frasers’ comeback to FTSE100 September 13, 2022 Eurowag was admitted today to the FTSE250 Index after Sports Direct’s owner Frasers made a comeback to FTSE100. “Having listed on the London Stock Exchange in October 2021, the inclusion in the FTSE 250 Index further highlights Eurowag’s credentials as a public company,”said Martin Vohanka, chief executive of the Czech tech platform, on Tuesday. “With [...]
Google gears up for £20bn ‘ad tech’ claim that it pushes revenues away from newspapers September 13, 2022 Google is being sued for up to €25bn (£21.6bn) over claims it has deprived other sites from obtaining billions of pounds in advertising revenues. The class action complaints from both UK and the Netherlands argue that the Silicon Valley giant used its advertising tech to unfairly sideline publishers, like newspapers, magazine and blogs. The main [...]
Abrdn looks to bolster balance sheet with £262m Indian insurer sale September 13, 2022 Asset manager Abrdn has shed a chunk of its stake in Indian insurer HDFC today as it looks to bolster its balance sheet after swinging to a loss in the first half of the year.
Woodford fund managers set to challenge £306m bill September 13, 2022 The manager of Neil Woodford’s collapsed investment fund said it is prepared to challenge a regulatory ruling in the courts today as it looks to sidestep a potential £306m bill over its role in the scandal.
Shares soar for Trustpilot as revenue jumps in half year September 13, 2022 The operator said total revenues had climbed 25 per cent on a constant currency basis to $73.41m in the half-year results, leading to a 43 per cent reduction in underlying losses to $6.59m. The group reported a loss for the period of $9m, down from $17m the year before, with adjusted EBITDA loss of $5m, [...]
Dozens crushed and injured at inauguration of Kenya’s new ‘hustler’ president Ruto September 13, 2022 NAIROBI – Dozens of people were crushed and injured after hundreds forced their way into a Nairobi stadium where William Ruto is currently being inaugurated as Kenya’s next president. A medic told City A.M. this afternoon that a fence at the Nairobi stadium fell down after people pushed it and about 60 were injured, though [...]
Severn Trent rings changes following retirement of top official after 12 years September 13, 2022 Severn Trent is ringing the changes on its board following the retirement of a long-serving official after 12 years at the helm. Bronagh Kennedy will step down as Group General Counsel and Company Secretary in early December, with the company splitting up the roles. Both Severn Trent and its Water Limited company will have Didar [...]
Challenger gas supplier Yu Group exceeds expectations amid concerns over price rises September 13, 2022 Challenger gas supplier Yu Group exceeded expectations on its cash, earnings and profitability, as it looks to finish the financial year strongly. The company said it expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) of more than £4.7m, while its cash balance was ahead of expectations. Its strong showing took place even with an [...]
Discounters Aldi and Lidl keep taking market share as Brits now pay £571 more for groceries September 13, 2022 Discounter Aldi has become Britain’s fourth largest supermarket for the first time while Lidl’s market share is also in the lift, according to new data out this morning. The findings come as Brits are now paying a record £571 more on average for their groceries than last year Grocery price inflation hit 12.4 per cent [...]
Twitter shareholders on verge of approving Elon Musk takeover September 13, 2022 TWITTER whistleblower Peiter Zatko was grilled in the US Congress this afternoon, adding further ammunition to Elon Musk’s legal battle with the social media giant over his stunted takeover. Twitter’s former head of security, who was fired last year, accused the company of misleading regulators about cyber security, as well as its management of bot [...]