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News

  • May 7, 2024

Winding-up petition puts Chamberlin’s future in doubt as shares suspended

The future of specialist castings and machining group Chamberlin has been placed into serious doubt after it was issued with a winding-up petition and its shares were suspended from trading.

  • May 7, 2024

Rathbones cashes in on Hipgnosis bidding war as it sells almost entire stake

A major shareholder has sold almost its entire stake in Hipgnosis Songs Fund after its shares spiked following a bidding war.

  • May 7, 2024

Finding the ‘Turing of tomorrow’: Multi-million pound maths grant to bolster AI and nuclear

An open competition will run where organisations can apply for the grant funding, which will distributed over the next three years. It will be open until 4 June.

  • May 7, 2024

Rachel Reeves: Nigel Lawson was ‘right’ on not abolishing National Insurance

Labour’s shadow Chancellor, Rachel Reeves, speaking in the City of London today, set out her party’s attack lines on the Tories’ economic record following the local and mayoral elections last we

  • May 7, 2024

UK to bid recession farewell as debate over state of the economy heats up

New figures out this week are set to show that last year's shallow recession has come to an end as political debate about the state of the economy heats up.

  • May 7, 2024

Nissan chief warns China’s EV car market is a ‘survival game’

Nissan boss Makoto Uchida has described the Chinese market as a “survival game” after the Japanese carmaker cut its estimates for car sales in February

  • May 7, 2024

Castore: Andy Murray-backed sportswear brand makes first acquisition since near £1bn valuation

Castore, the sportswear brand backed by the likes of Andy Murray and the billionaire co-owners of Asda, has made its first acquisition since it was valued at almost £1bn.

  • May 7, 2024

Green light given to class-action lawsuit over electricity costs

Damages sought for consumers are in the hundreds of millions of pounds.

  • May 7, 2024

Small trust worth £30m moves in for £600m Abrdn Asia Dragon

In a stock exchange announcement, Ashoka's trust said it had put forward a proposal to merge the two trusts, with the option of a cash exit of up to 50 per cent for Asia Dragon shareholders.

  • May 7, 2024

Home REIT starts suing its own tenants as shareholders and regulators circle

The former FTSE 250 investor said it had collected £300,000 of its total rent in April, just 11 per cent of the total billed amount for the month.

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