Darktrace shares slide to record low after short seller alleges accounting errors January 31, 2023 Darktrace shares crashed to a record low today after a short seller alleged that accounting errors had been made by the British-American cybersecurity firm. New York asset management firm Quintessential Capital Management (QCM) published a damning report today alleging dubious marketing, sales and accounting tactics were used to inflate the company’s value before it was [...]
NYSE temporarily halts trading after glitch caused abnormal swings in share prices January 24, 2023 The New York Stock Exchange halted trading in dozens of stocks following market open this morning after an apparent glitch in its system. Morgan Stanley, AMC Entertainment, McDonalds and Unilever were among the major firms to have had their shares frozen by the exchange, according to its website. A number of other stocks were frozen [...]
We need more than a charm offensive for SoftBank’s microchip firm to list in London January 20, 2023 SoftBank-owned microchip firm Arm is in Rishi Sunak's sights for a London listing and a win for the UK's tech scene. But we need more than just love from No10 to boost our attractiveness to the tech world, writes Ian Manocha.
DCG may be forced to offload assets to maintain liquidity January 18, 2023 Shareholders of troubled venture capital outfit DCG have been warned the company may be forced to sell off portfolio assets.
Why Manchester United sale could fetch the Glazer family even more than their £6bn asking price – despite Cristiano Ronaldo exit January 11, 2023 The Glazer family’s hopes of achieving a record valuation for the sale of Manchester United have increased after the football club’s share price reached a four-year high. Some analysts believe it could push the price of a takeover towards $10bn (£8.2bn), in excess of the American owners’ original $7bn (£5.8bn) asking price. United’s share price [...]
Crypto spot volumes dip to 2019 levels as prices seemingly start recovering January 9, 2023 Data from CryptoCompare shows that the price of Bitcoin started the first week of 2023 trading close to the $16,700 mark.
Home REIT’s former investment adviser plunges on Nasdaq debut January 5, 2023 The investment adviser behind Home REIT plunged after listing on the New York Stock Exchange yesterday despite its move to quietly dump the division responsible for the troubled property firm in recent days.
Mark Kleinman: Glazers could see biggest ever football club sale November 25, 2022 It was Sir Alex Ferguson who coined the phrase “squeaky bum time” in reference to those anxious moments at the end of seasons when Champions League and Premier League titles and FA Cups hung in the balance. Fergie’s employers for the last eight years of his reign, the Glazer family, are about to undergo their [...]
Manchester United: Glazers face disappointment over £6bn price tag November 23, 2022 Manchester United’s owners, the Glazer family, look likely to have to drop their asking price of £6bn to £8bn for the Premier League football club. The Glazers, who also own NFL franchise the Tampa Bay Buccaneers, announced they were ready to sell United after 17 years in charge earlier this week. The Americans fired the [...]
Arm delays IPO plans as recession shakes markets November 20, 2022 British chipmaker Arm has pushed back its plans for an initial public offering this year as markets are rocked by recessionary fears and soaring inflation.