Rolls-Royce shares slide as the engine maker says it’s looking at raising up to £2.5bn in fresh funding following restructure Rolls-Royce says it’s considering a rights issue or other fundraiser Reports say the company will consider investments from sovereign wealth funds Last month the engineering giant reported a £5.4bn half-year loss In May the … Read more
Superdry shares plunge as it reveals hefty losses and adopts a heavy discounting strategy to try and turn its fortunes around Superdry reported revenue down 19.2% to £704.4m and pre-tax loss of £166.9m Boss Julian Dunkerton said the company had experienced ‘significant disruption’ Superdry shares sank 10.6% as it announced a 19% drop in revenue … Read more
Recovery in UK’s tourism and recreation industry outpaced global average last month By Daily Mail City & Finance Reporter Published: 00:01 BST, 21 September 2020 | Updated: 00:01 BST, 21 September 2020 Recovery in the UK’s tourism and recreation industry outpaced the global average last month, Lloyds Bank has found. Activity in 13 of the … Read more
Brokers expecting clamour for shares in The Hut Group as firm begins trading in full on stock market, despite board concerns By Lucy White For The Daily Mail Published: 21:50 BST, 20 September 2020 | Updated: 22:09 BST, 20 September 2020 Brokers are expecting a clamour for shares in The Hut Group today as the … Read more
Law firm weighing legal action against 12 more insurers over failing to pay out business interruption claims to small companies By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 September 2020 | Updated: 21:50 BST, 20 September 2020 A law firm is weighing legal action against 12 more insurers over failing to pay … Read more
President Trump gives ‘blessing’ to deal which will allow Chinese social media app TikTok to continue operating in US By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 September 2020 | Updated: 21:50 BST, 20 September 2020 President Trump has given his ‘blessing’ to a deal which will allow Chinese social media app … Read more
Future of British tech giant Arm hanging in balance as MPs prepare to debate its controversial sale to US rival By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 September 2020 | Updated: 21:50 BST, 20 September 2020 The future of British tech giant Arm is hanging in the balance as MPs prepare … Read more
By Andy Haldane, chair of the Industrial Strategy Council, and Sir Charlie Mayfield, chair of Be The Business UK GDP had, by July, recovered around half of its Covid-related losses, rebounding further and faster than anyone expected. That’s the good news. The bad is that the economy remains 12 per cent smaller than at the start … Read more
Rolls-Royce set to tap investors for £2.5bn as shares near 16-year low By Ben Harrington, Financial Mail on Sunday Published: 21:53 BST, 19 September 2020 | Updated: 21:53 BST, 19 September 2020 Rolls-Royce is on the cusp of launching an emergency fundraising to tap shareholders for between £2billion and £2.5billion. City sources said the FTSE100-listed … Read more
Boss of Britain’s biggest casino complex warns 10pm curfew will be ‘disastrous’ for night-time industries By Harriet Dennys, Financial Mail On Sunday Published: 21:53 BST, 19 September 2020 | Updated: 21:53 BST, 19 September 2020 The boss of Britain’s biggest casino complex has warned that a 10pm curfew would be ‘disastrous’ for night-time industries. Simon … Read more