AO World closes loss-making operations in the Netherlands November 19, 2019 Online white goods retailer AO World has announced the closure of its business in the Netherlands, as the group reported an operating loss of £10.6m for the first half. Chief executive John Roberts said the closure of the retailer’s Dutch operations was part of its “relentless focus to accelerate profitability in Europe” and would allow [...]
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 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 [...]
Shares dive for Joules after stake acquisition talks with Next called off September 14, 2022 Joules’ shares have been further subdued after it confirmed it is no longer in discussions with Next acquiring an equity stake in the lifestyle group. The ailing retailer’s share price was down around twelve per cent in early afternoon trading on Wednesday, following an announcement the day before. Shares were down by 33 per cent [...]
FTSE 100 rises again after bleak Black Friday November 29, 2021 London’s FTSE 100 has risen up slightly this morning after shedding 3.31 per cent on Friday amid the new coronavirus variant scares. The market movements come as the World Health Organisation and Coronavirus experts around the world called this morning for countries to drop travel restrictions and end mass hysteria – and instead be cautiously [...]
Investors pile into bets against Cineworld as it tops list of most shorted stocks March 31, 2022 Investors have piled into bets against UK cinema firm Cineworld to make it the UK’s most shorted company, new data has revealed.
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
We’re all to blame for shortages and roaring inflation December 6, 2021 A large chunk of people seem to be experiencing buyers’ remorse. Whether it was cocktail making kits, hot tubs or garden furniture, the British consumer hoarded and hoarded during lockdown, and many of us are regretting those purchases. But, people should not feel alone in making these bizarre purchases. The pandemic enforced a seismic shift [...]
AO World extends losses as chief says ‘we can do better’ June 4, 2019 Electricals retailer AO World extended its losses in the 2018 financial year, its results showed today, as the firm’s earnings fell in Europe. Read more: AO World spends £15m on Brexit stockpiling as founder returns as CEO John Roberts, the chief executive who in January took back charge of the company he founded, said: “We [...]
Market gains in fourth quarter push Charles Stanley’s assets higher April 15, 2021 Charles Stanley has said it is “cautiously optimistic” for the year ahead after a strong performance in the fourth quarter. Total funds under management and administration (FuMA) for the three months ended 31 March rose two per cent to £25.6bn, helped by positive market performance. The London listed firm’s average FuMA over the financial year [...]
German constitutional court cuts Berlin rent cap April 15, 2021 Berlin’s rent cap has been struck down by Germany’s Constitutional Court today, as it ruled the pandemic-imposed law as invalid. The ruling comes as a huge blow for supporters of rent limits across Europe, as it pushed landlords to cut rents in the capital for over 300,000 tenants during the pandemic. The controversial cap, imposed [...]