Outcry: Chinese creditors sue collapsed Evergrande for $13bn December 16, 2021 Chinese creditors have sued collapsed property giant Evergrande for more than $13bn (£9.7bn) for alleged overdue payments.
Bloomsbury buys academic publisher ABC-CLIO for $22.9m December 16, 2021 Bloomsbury announced this morning it has acquired US academic publisher ABC-CLIO for $22.9m (£17.3m), pushing shares up 5.72 per cent to 351p. Out of the total deal, $22.3m were given in cash on completion, leaving $0.6m to be paid post completion. The purchase is expected to strengthen Bloomsbury’s academic reach, especially in North America. “ABC-CLIO [...]
PMI: Omicron curbs on daily life wreak havoc on UK economy December 16, 2021 Strict restrictions on Brits’ daily lives are wreaking havoc on the UK economy, reveals a closely watched survey released this morning. The flash purchasing managers’ index (PMI), a timely indicator of the health of the British economy, plummeted to 53.2 in December, a 10-month low and down from 57.6 in November, according to IHS Markit [...]
Domino’s shares jump 27 per cent as long-running company dispute ends December 16, 2021 Domino’s Pizza announced it has reached an agreement to end a long-running dispute with its franchisees and unveiled a new growth strategy.
Outlook 2022: UK equities December 16, 2021 | City Talk The UK holds many mispriced opportunities for stockpickers. Pick-up in M&A activity is striking. Stock market fit for the future. Sue Noffke, Head of UK Equities: UK shares remain cheap because of the perceived significant political and economic risks of Brexit, which continue to linger and depress the valuation of the UK stock market. We [...]
Some economists hold out hope for Bank of England rate hike December 15, 2021 The Bank of England would have hiked interest rates sharply to quash the over 10-year high inflation print if the UK was not in the teeth of the Covid-19 crisis, according to City economists. That’s the prediction from analysts at Bank of America, who today said: “In normal times, the BoE would likely already have [...]
DCC’s shares soar nine per cent after £462m Almo acquisition December 15, 2021 DCC Technology has massively expanded its presence in North America after acquiring Almo for £462m, with shares rising nine per cent in response.
Hedge funds to end 2021 with positive inflows for the first time since 2018 December 15, 2021 Global hedge funds are poised to achieve positive inflows for the first time in three years, thanks to strong returns and an investor shift to alternative assets during a period of volatility and rising inflation.
Gazprom’s export growth to European markets slows over winter as energy crisis deepens December 15, 2021 The pace of Gazprom's natural gas exports' growth to Europe has slowed down in recent months, with fears of blackouts this winter.
Oil prices drop amid concerns of reduced travel demand as Omicron spreads worldwide December 15, 2021 Oil prices are still falling after IEA's gloomy update this week, forecasting reduced air travel demand as Omicron spreads around the world.