Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions exclusive Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]
Ex-Deutsche Bank traders have Libor convictions overturned Libor rigging A US court has thrown out convictions of two former Deutsche Bank traders for rigging Libor, a key financial benchmark.
Businesses brace for insolvency storm as Covid aid winds down Business Over half a million UK businesses are struggling financially amid soaring inflation and the rollback of government Covid-19 support.
Exclusive UK tech special: The rocky but unstoppable rise in startup valuations January 28, 2022 The accelerated growth of startup valuations has sparked debate around the world, particularly in the markets where this has been reflected in the most significant raises and the speediest unicorns. Despite ongoing pandemic uncertainty, a quarter of the UK’s 116 unicorn tech companies became unicorns during 2021. Investment climbed significantly, up to £26bn in 2021 [...]
New Klarna valuation drives £117m payout to Jupiter Asset Management January 28, 2022 Managers and two stockpickers at Jupiter Asset Management reportedly received a £117m payout after giving Klarna an inflated valuation.
Paragon Banking Group sees ‘strong’ start to the year amid lending surge January 28, 2022 Paragon Banking Group saw lending surge in the latest quarter, with the challenger bank praising a "strong" performance.
Treasury Committee chair joins chorus of MPs urging government to ditch national insurance hike January 27, 2022 The chair of an influential group of cross-party MPs that scrutinise the government’s spending plans has joined the chorus of policy makers calling for the national insurance hike to be scrapped. Tory MP Mel Stride, who chairs the Treasury Committee, urged the government to cancel the looming 1.25 percentage point national insurance rise to ease [...]
London markets mixed as banks soar on looming rate hikes January 27, 2022 London markets were a mixed bag today despite banks surging on the prospect of the global economy lurching into a period of higher interest rates. The capital’s premier FTSE 100 index closed 1.13 per cent higher at 7,554.31 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, [...]
Exclusive: Fireblocks valuation climbs to $8bn in $550m funding round January 27, 2022 Digital asset custodian Fireblocks has scored a bumper $8bn valuation following a $550m series E funding round.
US economy smashes Wall Street expectations as GDP accelerates at quickest pace since 1980s January 27, 2022 The US economy is powering faster than Wall Street can keep up with as the recovery across the pond continues to gather momentum. Stateside GDP growth came in at 6.9 per cent in the final three months of last year, the US Commerce Department said today. Experts had been pencilling in a 5.5 per cent [...]