Lookers shares boom as stock finally readmitted to trading January 29, 2021 Shares in long-troubled car dealership Lookers rose 90 per cent today as the firm’s stock was finally readmitted to trading. The FCA suspended shares in the auto firm back in July after failing to publish its full year results for 2019. The discovery of a £19m hole in its figures threw the firm into disarray [...]
Facebook to trial new ad control tools to tackle harmful content January 29, 2021 Facebook is to build and trial new tools that will give brands greater control over what content appears alongside their ads. The social media platform said its new advertiser topic exclusion controls will initially be trialled with a small group of advertisers. The new tools mark efforts by Facebook to reassure advertisers amid concerns their [...]
Challenger audit firms prep for forced audit separation January 29, 2021 Challenger audit firms are readying themselves for audit separation, a requirement not yet expected of them, but one they see as inevitable in the future. Last summer audit regulator the Financial Reporting Council (FRC) ordered the Big Four firms – Deloitte, KPMG, PwC and EY – to separate their audit units from the rest of their [...]
US investment giant Fidelity in talks over £100m Starling Bank stake January 29, 2021 US finance giant Fidelity is said to be in discussions over taking a £100m stake in Starling Bank amid surging interest in digital lenders. Fidelity Management & Research (FMR), which manages trillions of dollars in assets, is in advanced talks to lead a fresh round of funding worth £200m, Sky News reported. The US investment [...]
Jaguar XF P300 review: revitalised luxury at a surprisingly low price January 29, 2021 Jaguar has revised the XF saloon and Sportbrake for 2021, with a brand new interior, impressive new tech and significantly better value.
Watchdog opens competition probe into Uber’s Autocab takeover January 29, 2021 The competition watchdog has opened an investigation into Uber’s planned takeover of taxi tech firm Autocab. The Competition and Markets Authority (CMA) today said it had launched a probe and was inviting views on how the deal could impact the private hire vehicle market in the UK. Stockport-based Autocab sells booking and dispatch software to [...]
UBS dismisses banker behind Russian Market Twitter account January 29, 2021 The banker behind the popular Russian Market Twitter account has reportedly been sacked by UBS. The Swiss bank dismissed Russian Market after joining its wealth management nearly three months ago, according to Finews.com. The banker was reportedly hired in November as an adviser for high net worth Russian and CIS country clients but has been [...]
Jaguar Land Rover roars to profit as Bolloré era kicks off in style January 29, 2021 Jaguar Land Rover today saw profit jump to £439m in its first full quarter under new boss Thierry Bolloré. The high-end carmaker said that profit was up £121m on the same period last year, while revenue increased £1.6bn to £6bn. JLR reported that it sold 128,469 vehicles in the quarter, up 13.1 per cent on [...]
Pub chain Marston’s shares fizz on takeover bid January 29, 2021 Shares in Martson’s jumped this morning after the pub chain confirmed it had received a takeover offer from a US private equity firm. In a statement this morning the British brewer said it had received an “unsolicited non-binding proposal” from Platinum Equity Advisors over a potential cash bid. Shares in Marston’s rose as much as [...]
LSE chief executive says ‘blank cheque’ companies could boost post-Brexit London January 29, 2021 London Stock Exchange Chief Executive David Schwimmer said today: “Britain should replicate New York’s success in listing “blank cheque” companies to boost the City of London’s attractiveness as a global financial centre after Brexit.” “SPACs clearly have taken off in the U.S. markets. There is increasing curiosity and potential interest in seeing more of them [...]
