By: Courtney Goldsmith

I am a journalist for City A.M. reporting on the energy and mining sectors. I also keep an eye on the pharmaceuticals sector and cryptocurrencies. Email: courtney.goldsmith@cityam.com

All 563 Articles

Snap has officially made public its filings for an IPO, and its warning investors about the impact of Brexit

February 2, 2017

Snap, owner of messaging platform Snapchat, has finally made public its filing for an initial public offering (IPO). The company made many of its financial details public for the first time tonight as it prepares for a $3bn (£2.4bn) float. With a valuation of between $20bn and $25bn Snap could be going public as soon as [...]
Amazon’s sales jumped in the last quarter, but it missed analyst targets

February 2, 2017

Online retail giant Amazon.com's share price fell four per cent in after-hours trading as operating income and revenue for the fourth quarter fell lower than expected. The figures Amazon reported a 22.4 per cent increase in its fourth-quarter revenue, driven by strong sales in the holiday period and increased Prime subscriptions. Net sales were up [...]
FL Partners buys one of the UK’s largest construction recruiters as builders stay upbeat about hiring

February 2, 2017

Dublin-based investment group FL Partners has acquired Potensis Recruitment, one of the largest recruiters to the UK housebuilding and construction industries. Potensis recruits temporary and permanent services across all job levels to the residential housebuilding, social housebuilding and commercial construction sectors. Its clients include many of Britain's leading listed housing groups. Peter Crowley and Neill Hughes, founders [...]
Saudi Aramco will publish its finances ahead of what could be the world’s biggest IPO

February 2, 2017

Saudi Aramco, which is plotting what is expected to be the world's largest initial public offering (IPO), will publish its annual financial statements before the float in 2018. The Saudi state-owned company will disclose 2017 annual statements prior to the listing, Bloomberg reported energy minister Khalid Al-Falih said today at a seminar in Riyadh. “Aramco applies [...]
Diversified Gas and Oil says it will target high dividends from strong cash flows after its float tomorrow

February 2, 2017

Tomorrow the London Stock Exchange's junior flotation market will welcome its largest initial public offering (IPO) from an oil and gas firm since oil prices tanked in 2014 – and the company says it sees potential for "substantial" growth. US-based Diversified Gas & Oil is gearing up for its floatation on the Alternative Investment Market (Aim), which chief [...]
A major French Connection investor has sold its entire stake

February 1, 2017

French Connection's second-largest shareholder has reportedly sold its entire stake in the company. Shroders, which owned 9.27 per cent of the French clothing retailer, sold its shares at to an unknown buyer at 33p each, the Telegraph reported. The stake sale revived speculations of a takeover of the struggling firm, which has had almost nine [...]
Facebook’s profit rockets despite a jury ruling against its VR firm Oculus

February 1, 2017

Facebook's profits shot sky high in 2016, but a jury decided tonight it will pay $500m for its virtual-reality firm Oculus, which came under fire for breaking a non-disclosure agreement. The figures Facebooks profit rose 177 per cent to $10.2bn (£8.1bn) for the year ended 31 December. Revenue for the fourth quarter was up 51 per cent to $8.8bn, [...]
US Federal Reserve leaves interest rates unchanged

February 1, 2017

US Federal Reserve chair Janet Yellen said interest rates would be maintained at 0.5-0.75 per cent as the labour market continues to strengthen and economic activity expands. At the Federal Open Market Committee meeting (FOMC) today, Yellen said inflation increased in recent quarters but is still below the committee's two per cent long-run objective. She said the [...]
Waterstones has finally turned a profit again after years of losses

February 1, 2017

Waterstones has turned an annual profit for the first time since 2009 as book sales picked up in 2016. The figures The bookseller reported a pre-tax profit before exceptional items of £11.9m, which was up from a loss of £3.4m in the previous year. Sales rose 4.3 per cent to £409.1m for the year ended 30 April, up [...]
Leaked report reveals top EU officials believe the remaining 27 member states will be damaged by a bad deal for the City

February 1, 2017

A leaked report has revealed top EU officials are worried a bad Brexit deal that does not safeguard the City of London's status will backfire for the other member states. A document put together by the European parliament’s committee on economic and monetary affairs, which was seen by the Guardian, urges EU negotiators to strive [...]

Bank of England’s Mann says minimum wage rise linked to youth employment

Macclesfield FC: FA Cup heroes in talks with ‘huge’ foreign investors

Valentine’s Day: Fancy a romantic bowl of chocolate spaghetti?

By: Courtney Goldsmith

All 563 Articles

Subscribe