London miner Central Asia Metals looks for acquisitions in copper space April 10, 2019 The chairman of Central Asia Metals said his firm has an “active” plan to make more acquisitions, especially in the copper space. Nick Clarke told City A.M. the business will look to finance any potential takeovers through cash, new equity, debt and shares. Read more: Miner Churchill faces administration after losing court battle “We are [...]
Villagers get victory in Vedanta pollution case as Supreme Court rules their case can be heard in the UK April 10, 2019 The Supreme Court dealt a blow against London-based miner Vedanta Resources today as it ruled a case brought against the firm by Zambian villagers can be heard in the UK. More than 1,800 Zambians allege that toxic waste from a copper mine run by KCM, a subsidiary of Vedanta, damaged land and waterways, destroying their [...]
The euro falls as ECB chief Draghi delivers pessimistic verdict on Eurozone economy April 10, 2019 The European Central Bank (ECB) kept up recent tradition today when it announced it would hold interest rates at record low levels and reaffirmed that it will not raise them before the end of 2019. Read more: US threatens tariffs on $11bn of EU goods ECB boss Mario Draghi struck a more pessimistic tone than [...]
Jeremy Corbyn and Alexandria Ocasio-Cortez love Modern Monetary Theory, but it is just the magic money tree again April 10, 2019 As the Brexit process unfolds, the possibility of a Corbyn government has become much more tangible. Last month, John McDonnell, the shadow chancellor, wrote to the Treasury to say that in power he would require them to “widen the range of economic theories and approaches in which its officials and those in the rest of [...]
MPs, stop trying to tout the demise of the secondary ticket market April 10, 2019 The secondary market for buying tickets to gigs, music festivals, and sports events is in a mess. Complaints about punters being ripped-off by ticket touts regularly attract critical publicity. Many promoters have taken to refusing entry to people if they believe that their tickets were obtained without their approval. Some events appear sold out within [...]
Britain’s economy grows faster than predicted in February April 10, 2019 The UK economy grew by 0.3 per cent in the three months to February, a better-than-expected result as the country counts down to Brexit and faces a weak global economy. Read more: No-deal Brexit could tip UK and EU into recession, IMF says In February Britain’s economy grew by 0.2 per cent, figures released today [...]
Uber IPO: Ride-hailing firm seeks to sell $10bn of shares in largest tech float since Alibaba April 10, 2019 Uber could look to sell as much as $10bn worth of stock in its initial public offering (IPO), in a move which would make it one of the biggest tech floats ever. Read more: Morgan Stanley tapped to steer Uber through IPO If successful, the taxi app firm could hail the highest-value IPO since that [...]
Network International valued at £2.2bn in London’s largest listing of 2019 April 10, 2019 Dubai-based payments company Network International listed on the London Stock Exchange today with a valuation of £2.2bn, the largest float of the year so far. It priced its shares at 435p per share, giving its a market capitalisation of £2,175m at the time of admission. Read more: String of banks appointed as Travelex-owner Finablr weighs [...]
Crowdsourcing platform Limitless secures £5m in series A funding April 10, 2019 Brand ambassador platform Limitless Technology has secured £5m in funding as it looks to develop its machine learning technology. The company, which uses crowdsourcing to help businesses turn their customers into brand ambassadors, said it has bagged the funds in a series A round led by Albion VC. Read more: Grab looks to raise further $2bn [...]
Saudi Aramco beats records as investors bid $100bn for its bonds April 9, 2019 Just months after international players pulled out of a conference in Saudi Arabia, the country has firmly established itself as an investor favourite. State oil company Saudi Aramco has received orders of $100bn for its debut on the international bond market. Read more: Saudi Aramco leapfrogs Apple to claim title as world's most profitable firm [...]