Hospitality bosses fear Government U-turn on bonuses for retaining furloughed staff could jeopardise financing deals with lenders By Harriet Dennys, Financial Mail On Sunday Published: 21:50 GMT, 7 November 2020 | Updated: 21:50 GMT, 7 November 2020 Hospitality bosses fear the Government U-turn on bonuses for retaining furloughed staff could jeopardise financing deals with lenders. … Read more
Scottish Mortgage defends £2bn Tesla holding after selling out of Facebook and shrinking Amazon stake By Hugo Duncan for the Daily Mail Published: 21:51 GMT, 6 November 2020 | Updated: 21:51 GMT, 6 November 2020 Britai’s oldest investment trust has defended its near-£2billion stake in Tesla after selling out of Facebook and trimming its holding … Read more
Struggling baker Hovis is snapped up by Leed-based private equity firm Endless in £75m deal By Daily Mail City & Finance Reporter Published: 21:51 GMT, 6 November 2020 | Updated: 21:51 GMT, 6 November 2020 Hovis has been bought by a Leeds-based private equity firm for more than £75million. Endless, which has previously invested in … Read more
Takeover frenzy grips City as bidders swoop: Bankers eye fees bonanza amid fears British firms have become easy-pickings for oversees buyers By Hugo Duncan for the Daily Mail Published: 21:51 GMT, 6 November 2020 | Updated: 21:51 GMT, 6 November 2020 The City is gripped by a fresh wave of takeover activity after bidders launched … Read more
MARKET REPORT: Marine engineer James Fisher loses more than a quarter of its value after hopes for a recovery are dashed By Francesca Washtell For The Daily Mail Published: 21:51 GMT, 6 November 2020 | Updated: 21:51 GMT, 6 November 2020 Marine engineering group James Fisher lost more than a quarter of its value after … Read more
DIRECTOR DEALS: Metro Bank boss Daniel Frumkin snaps up 1.85m shares in the lender for £1.1m By Daily Mail City & Finance Reporter Published: 21:50 GMT, 6 November 2020 | Updated: 21:50 GMT, 6 November 2020 The Arsenal-supporting boss of Metro Bank snapped up 1.85m shares in the lender. British-American businessman Daniel Frumkin, 56, who … Read more
Biden’s Senate setback boosts shares in London and New York as US faces prospect of a divided government By Matt Oliver For The Daily Mail Published: 21:50 GMT, 6 November 2020 | Updated: 21:50 GMT, 6 November 2020 Shares in London and New York enjoyed their best run in months as Joe Biden edged closer … Read more
SMALL CAP MOVERS: Retailer N Brown to leave premium listing for junior market in week of acquisitions By Giulia Bottaro At Proactive Investors For Thisismoney.co.uk Published: 14:39 GMT, 6 November 2020 | Updated: 14:39 GMT, 6 November 2020 British retailer N Brown is giving up its premium listing to enjoy the flexibility and tax benefits … Read more
British software giant Aveva Group lines up £2.8billion rights issue to fund its takeover of American rival OSIsoft Investors can buy seven new shares for every nine they own at £22.55 each Aveva shares fell 2.1% to 4,118p following the news on Frdai morning By This Is Money Published: 11:11 GMT, 6 November 2020 | Updated: … Read more
Bank of England to pump another £150bn into the economy in latest round of quantitative easing By Lucy White For The Daily Mail Published: 21:50 GMT, 5 November 2020 | Updated: 23:11 GMT, 5 November 2020 The Bank of England will pump another £150billion of emergency funds into the economy after firing up its printing … Read more