Petra Diamonds share price sparkles as fears over refinancing plan recede July 30, 2019 Petra Diamonds enjoyed a double-digit surge in its share price today, as the troubled mining group eased investor jitters over its cash strategy. Fears of a new equity financing plan sent the firm’s stock value to new lows last week, falling below 10p on London’s Stock Exchange. Read more: Petra Diamonds aims to be cash [...]
UK house price growth in southern cities hits seven-year low July 30, 2019 House prices in the UK’s southern cities grew at their slowest rate in seven years last month, according to new data released this morning. Average house price growth across southern cities is running at the lowest level recorded since January 2012, Zoopla has found, with values rising by just 0.7 per cent over the 12 [...]
Investors digest Beyond Meat’s share offer as stock dives July 29, 2019 The shine came off Beyond Meat’s blockbuster summer debut on Wall Street this evening, as its stock plunged after the plant-based burger group revealed plans to sell more shares. The food group’s stock dived more than 10 per cent in after-hours trading as investors digested the announcement of a secondary share offering which will dilute the value of current shareholders’ [...]
BDO still leads the beancounter charts with most clients on Aim July 29, 2019 BDO has extended its lead as the beancounter with the most clients on London’s alternative investment market (Aim), according to a new report from Adviser Rankings. Read more: Accountancy firm of the year Big four accountancy group PwC also nudged up into third place on the table by total constituent numbers, while RSM has moved [...]
Metro Bank finance director steps down to take new role at Revolut July 29, 2019 Metro Bank’s finance director is leaving the embattled lender to take on a new role at fast-growing financial technology group Revolut. David Maclean is joining the digital firm after stepping down from his role at Metro Bank, which has suffered a torrid six months in the wake of a major accountancy error. Read more: What [...]
Housing crisis is harming productivity, nearly half of UK businesses warn July 28, 2019 Britain’s housing shortage is having a harmful impact on the country’s productivity, nearly one in two businesses have warned. Some 43 per cent of UK companies with over 1,000 employees said that housing issues are having a negative effect on their business’ productivity, according to new findings released by the Centre for Social Justice. Read [...]
Speculation of possible rival bids in wake of Advent International’s £4bn offer for Cobham July 28, 2019 US private equity firm Advent International’s £4bn offer for Cobham came under scrutiny over the weekend amid shareholder divisions and speculation of rival bids for the defence group. Some of Cobham’s largest shareholders have been split in their support for the offer, which marks the latest in a series of public companies being bought out [...]
A clash of visions at Sports Direct July 28, 2019 Mike Ashley once admitted that there was in fact another person who has really been running Sports Direct. She is a media-shy 51-year-old woman called Karen Byers. For almost three decades, Byers has been quietly working under Ashley as one of his core lieutenants, pulling 18 hour days and keeping a ruthless focus on the [...]
Sports Direct: What’s gone wrong for Mike Ashley? July 26, 2019 Even for an unpredictable retail tycoon like Mike Ashley, today’s strange turn of events is unprecedented. Sports Direct was set to release its full-year figures at 7am this morning, before suddenly postponing its statement and cancelling media interviews. Read more: Confusion reigns as Sports Direct delays annual results yet again With no explanation given as [...]
Clearing house LCH drafts in Credit Agricole executive as new CEO July 25, 2019 Global clearing house LCH has drafted in a former top boss of Credit Agricole as its new chief executive. Isabelle Girolami is set to take on the role of chief executive in November, taking over from Martin Pluves as he begins a new role as head of the Fixed Income, Currency and Commodities Markets Standards [...]
