Adidas’ boss warned of “exploding global freight rates” after Houthi rebels attacked in the Red Sea, causing delays to shipping and increasing costs. A survey shows that UK manufacturers are experiencing growing supply chain problems as the Red Sea Crisis has led to the rerouting raw materials, components, and other goods from the Suez Canal. […]

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The new generation of heavy-lift drones is expected to revolutionise war After acquiring a rapidly-growing British manufacturer, BAE Systems has developed a new generation heavy-lift military robots capable of evacuating wounded troops and delivering supplies. The FTSE100 defence giant on Friday completed the acquisition of Malloy Aeronautics, for an undisclosed amount. Malloy, a Berkshire resident, […]

The post BAE develops a ‘Land Rover of the Sky’ to transport troops appeared first on Stockmark.IT.

Strong demand for four-door SUVs priced at £300,000. Ferrari’s profits have surpassed €1bn (£850m), for the first ever , as wealthy drivers spend lavishly on luxury SUVs. The Italian automaker reported a record-breaking net profit in 2023 of nearly €1.3bn, an increase of over a third from the previous year. Ferrari reported that sales were […]

The post Ferrari profits surpass €1bn as drivers spend on luxury 4x4s appeared first on Stockmark.IT.

After being pressed by his colleagues, Viktor Orban, the Hungarian prime minister, rescinded a veto he had previously taken on the financial aid package. The compromise reached at an emergency EU summit came after an unprecedented pressure campaign on Orban. Orban is the only member of the EU that has maintained friendly relations with Russian […]

The post EU approves €50bn package of support for Ukraine appeared first on Stockmark.IT.

The mounting losses of banks in Asia, Europe and the US have reignited concerns about the weakness in the US Commercial Property Market, which has been under pressure due to lower occupancy rates and higher interest rate. The regional US lender New York Community Bancorp revealed on Wednesday that it has suffered large losses in […]

The post Fears about the US commercial real estate market resurface after bank losses appeared first on Stockmark.IT.

Rank Group’s positive half-year performance prompted traders and bookmakers to place bets. Owners of Mecca Bingo & Grosvenor Casinos made a profit in the six months up to the end December, with a pretax profit of £10.4m. This is a huge turnaround from the £109.2m loss they had in the same time period last year. […]

The post Rank Group has been the big bet of the day after a return in profit appeared first on Stockmark.IT.

Shell announced plans to buyback another $3.5 billion in its shares, after its fourth-quarter profit exceeded expectations. This was helped by an “exceptional performance” by its gas trading division. The company’s profits dropped from their record-breaking levels in 2022 due to lower oil and gas prices, but they were still its second highest annual earnings […]

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A former stand-up comic turned film producer and entrepreneur made a $30 billion bid for Paramount Global. It is one of America’s largest entertainment companies. Bloomberg News reports that Byron Allen, 62 years old, founder and CEO of Allen Media Group has made a multibillion dollar bid for Paramount. This includes debt and equity. Paramount […]

The post The bid to take over Paramount is not a joke appeared first on Stockmark.IT.

Tata Steel is accused by MPs of using a bluff to get the government to give it a £500m bailout. This was a “deal for the century”, made on taxpayers’ money. Union leaders told a parliamentary hearing about Tata’s plans for closing its blast furnaces in Port Talbot in south Wales, which was supported by […]

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The Bank of England said that borrowing costs had peaked, and inflation would fall to the target of 2% in the spring. Andrew Bailey, governor of the state, stated that the “key” question was now when to reduce rates. This could provide homeowners with further relief. Jeremy Hunt, chancellor of the Bank, said the Bank’s […]

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Mortgages requiring a 1pc down payment can increase risks for banks, and distort financial incentives for homeowners. The government is looking into plans to introduce a mortgage of 99 percent for first-time home buyers. Jeremy Hunt is considering the proposal ahead of the Budget on March 6, in order to assist people with getting onto […]

The post Santander chief warns that banks are at risk of being unable to meet mortgages up to 99 percent appeared first on Stockmark.IT.

Vodafone rejected an offer from billionaire telecoms tycoon Xavier Niel for a €10.5bn deal (£9bn). Last month Mr Niel’s Iliad Group proposed to combine their Italian business . They argued that the move would build scale on a market which is becoming increasingly competitive. Iliad, after an initial approach to Vodafone, sweetened the deal with […]

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In the most recent round of exploration licenses, Korean, Malaysian and Norwegian companies were granted permission to drill in the North Sea for oil and natural gas. The North Sea Transition Authority (NSTA), which is responsible for the licensing of drilling in the UK’s North Sea, said that 74 areas of the North Sea and […]

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French officials are pushing British ministers for loan guarantees to help EDF finance Britain’s new nuclear power plant, Hinkley Point C. The price of the station has increased dramatically. EDF, the French utility , said last week the cost of a new nuclear power plant it is building could reach as high as £46bn. This […]

The post Paris asks for UK loan guarantee following the cost explosion of Hinkley Point nuclear power plant appeared first on Stockmark.IT.

Amer Sports, the owner of Arc’teryx clothing brand, is expected to raise less than it hoped for in its largest US initial public offer since October. This is the latest indication that investors are cautious amid a tentative return in the market. Two people familiar with the deal said that Amer has talked about selling […]

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Elon Musk’s long-term compensation package includes shares worth $56 billion. A Delaware judge ruled that Musk must forfeit the shares. This has caused a stir at Tesla and threatens to distract the boss from the problems at his company and other business ventures. Musk commented on X, his social media platform. If the ruling is […]

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Novo Nordisk’s shares reached a new record high following the Danish company’s report of soaring sales for its obesity and diabetic drugs Wegovy, and Ozempic. This pushed its market value over $500bn. It also cemented its position as Europe’s most valuable company. The company is struggling to meet the demand and has had to increase […]

The post Novo Nordisk shares reach record highs as obesity drug boom drives share prices up appeared first on Stockmark.IT.

Diageo’s chief executive has announced plans to reduce stock levels drastically in the region of Latin America, which is struggling. A “perfect storm” caused sales and profit targets to be missed. Debra Crew who was appointed in June of last year said that the “materially lower performance” in this region had been caused by “fast […]

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Alphabet disappointed its investors when holiday advertising sales fell below expectations. This overshadowed the company’s efforts to develop artificial intelligence and cloud computing. Google, the owner of YouTube and Google, fell short on estimates for advertising revenues in the fourth quarter. The average estimate was $66.1 billion and $59 billion during the same period a […]

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Sky will cut 1,000 jobs due to the shift from traditional satellite pay TV to streaming services. This is the latest round of redundancies that has hit the UK media sector. The company employs around 26,000 people in the UK and is looking to reduce their workforce by 4%. Cuts will be made primarily by […]

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Alex Chriss, the CEO of PayPal, said that it plans to cut 2,500 jobs or 9% from its global workforce this year. In a memo sent to employees on Tuesday, the newly-appointed CEO explained that the decision had been made to “right size” the company by making both direct cuts and eliminating open positions throughout […]

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Sinn Fein said that a united Ireland was “within touching range” as it prepared to take on the role of Northern Ireland First Minister for the first. Mary Lou McDonald stated on Tuesday that a agreement reached between the Democratic Unionist Party and the UK Government would result in the restoration of power-sharing. She said […]

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According to official statistics, corporate insolvencies in England & Wales reached their highest level in 1993 last year. This highlights the challenges faced by companies due to a slowing economy and high production costs. The Insolvency Service reported that there were 25,158 company bankruptcy registered in 2023. This is up 13.7% from the previous year […]

The post Insolvencies in England and Wales to reach 30-year high by 2023 appeared first on Stockmark.IT.

Wm Morrison, a private equity-owned UK supermarket chain, has reached a £2.5bn agreement to sell its petrol forecourts to Motor Fuel Group. This will help Morrisons to improve its balance sheet. Clayton, Dubilier & Rice, a US-based buyout firm, owns both companies. Under the terms, Morrisons will retain a 20% stake in the expanded MFG […]

The post CD&R’s Morrisons sold petrol forecourts for £2.5bn to sister company MFG appeared first on Stockmark.IT.

Air Astana could be worth up to 750 million pounds sterling when it goes to market. This is the Kazakhstan flag carrier’s plan to be the largest float this year in London. Air Astana, however, has given 50 reasons to potential investors why they should not become shareholders in the airline. A list of risks […]

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Germany’s economy contracted by 0.1% in 2023. This means that it is almost certain to have had the worst performance of the G7 club. The largest economy in Europe has, however, avoided a technical contraction — defined as two consecutive quarters of contraction — over the past year. According to Destatis (Germany’s statistical agency), the […]

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One bank announced that the company was a possible takeover target on the same day Auction Technology Group reported a successful start to the new year. Analysts at Berenberg said that Auction Technology is a tool that helps traditional auctioneers go digital worldwide, whether it’s destroying industrial machinery or art. “It lends itself well to […]

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Microsoft’s Cloud and Windows services helped it beat Wall Street forecasts of revenue for the second quarter. Analysts had estimated that revenue would be $61.12 billion, but it rose 18% to $62 billion. Microsoft’s Intelligent Cloud division, which includes the Azure cloud computing platform, which competes with Amazon AWS, and Alphabet’s Google Cloud grew revenue […]

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Jeremy Hunt warned the cabinet of the possibility that the tax cuts included in the spring budget could be less than expected due to “major structural weakness” in the economy. On March 6, the chancellor or prime minister will consider reducing income tax, or the national insurance rate. They are hoping to boost the Conservatives’ […]

The post Little room for big tax cuts, Hunt tells Tories appeared first on Stockmark.IT.

Navy ready to send HMS Queen Elizabeth and HMS Prince of Wales in the Gulf amid Houthi attack on shipping The UK is preparing to send a aircraft-carrier to the Red Sea to counter drone and missile strikes from Houthi rebels. The Royal Navy has prepared to replace the USS Dwight D Eisenhower upon its […]

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If the UK Home Office refused an update under the proposed changes to existing laws, then it could not be released anywhere else and the public wouldn’t be informed. The Government is looking to update the Investigatory powers Act (IPA) 2016 The Home Office stated that they support privacy-focused technology but also added that they […]

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After EU negotiators reached a new agreement to treat sewage, beauty companies will be required to pay more for cleaning up microplastics. According to a draft rule that follows the “polluter-pays principle”, companies selling medicines and cosmetics must cover at least 80% extra costs to eliminate tiny pollutants that contaminate urban wastewater. Members of the […]

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Ryanair’s top-end profit estimates have been lowered this year, after online travel agencies removed flights operated by the Irish airline abruptly from their sites. The airline has been removing the travel agencies from its website for a while now. This is part of an ongoing spat with online travel agents such as Kiwi, Lastminute, and […]

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Channel 4 will sell its London headquarters due to the expected deep cuts in staff, especially those based in London. This has led to the search for smaller and more affordable premises. The broadcaster will move to a smaller office in central London within the next few year as it plans to relocate most of […]

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Oil giant accused of leaving shareholders £40bn worse off with unrealistic strategy After an activist investor claimed that they had left shareholders £40bn worse off, BP faces new demands to scrap the “irrational”, net zero commitments promoted by former CEO Bernard Looney. Bluebell Capital Partners, an investor who has a small stake in BP and […]

The post Investor attacks BP over ‘irrational switch’ to clean energy appeared first on Stockmark.IT.

The food industry in Europe and UK has warned of a possible disruption to the supply chain as Britain implements new border bureaucracy for EU imports and food. From January 31, the introduction of complicated paperwork for certifying all EU products with plant and animal origins entering the UK could disrupt the supply of many […]

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The Bank of England is likely to acknowledge this week that it is seeing unexpectedly rapid progress in getting inflation down, analysts said, but the central bank is not expected to begin cutting interest rates yet. The BoE’s Monetary Policy Committee is widely anticipated to hold rates at 5.25 per cent for a fourth straight […]

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Scientists shed new light on the spread of Alzheimer’s disease in the brain, and discovered the first evidence that it can be transmitted between people via the now-banned growth hormone for humans. The study was published on Monday in Nature Medicine and looked at a group of patients who were treated with growth hormones extracted […]

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Amazon announced on Monday that it had cancelled its $1.45bn purchase of Roomba manufacturer iRobot, as EU regulators were preparing to block the deal over concerns about competition. In a Monday statement, David Zapolsky Amazon senior vice-president said, “We are disappointed that Amazon could not complete its acquisition of iRobot.” This will prevent consumers from […]

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The gambling group Flutter that owns Paddy Power plans to leave the UK’s FTSE 100 Index by moving its primary listing from London to New York. This will be another blow for London’s ailing stock market. The company announced on Monday that if shareholders approve, Flutter could move to the US Stock Exchange from the […]

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In a dispute between Lloyds Banking Group and a businessman worth £1.3 billion, the High Court will hear claims that the Bank of England encouraged manipulation of Libor. Ardeshir Naghshineh is suing Lloyds for allegedly “fraudulently manipulating” the Libor benchmark. Lloyds had rescued HBOS in 2009. If he knew about the alleged “fraudulent exploitation”, he […]

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CPI on track to reach Andrew Bailey’s spring target – when will interest rate drop? Andrew Bailey is being pressed. Andrew Bailey is under pressure. Bailey warned that the last mile in the battle against inflation was the most difficult. Three months ago, policymakers believed that the Bank’s target of 2pc for inflation as measured […]

The post The Bank of England is now facing a new problem as a result of falling inflation appeared first on Stockmark.IT.

The construction of the Kremlin’s long-planned Mega-pipeline linking Russia’s western gasfields to China will be delayed, according to the Prime Minister of Mongolia. This is a blow for Moscow’s plans to secure new markets for the gas that it sold previously to Europe. Moscow has prioritized the so-called Power of Siberia 2 pipe, which will […]

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Superdry has been working with PwC advisers to develop restructuring plans, which could include closing stores and cutting rents. The fashion chain is fighting for its survival. One option could be a Company Voluntary Arrangement (CVA), an insolvency tool controversially used by Julian Dunkerton, the chief executive and founder. CVAs are used to force landlords […]

The post Superdry plans UK store closures after CFO resignation appeared first on Stockmark.IT.

The next London Mayor, whether it is Sadiq Hall or Tory underdog Susan Hall will have to make a difficult decision about awarding a contract worth £3 billion to a Chinese-backed company to operate the Elizabeth Line. Boris Johnson, then the British Prime Minister, awarded MTR, an Hong Kong-based company with British roots, now controlled […]

The post Elizabeth Line contract worth £3bn is on the table as Chinese operator’s tenure expires appeared first on Stockmark.IT.

John Lewis Partnership raised £260million to fund its turnaround, as the struggling mutual prepares for job cuts of up to 11,000 people. The partnership that owns John Lewis department store and Waitrose supermarkets has raised new funds by taking out new bank loans and selling and leasing 11 Waitrose stores. Separately the partnership, which is […]

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Imagine that you are a fish swimming in the Bristol Channel. Imagine you are a fish swimming in the Bristol Channel, with your herring, sprat, and brethren. Suddenly, you are sucked up into the cooling system of a nuclear plant, never to be seen ever again. The threat of marine life to the plant’s new […]

The post Hinkley Point: Why can’t Britain build new nuke power stations? appeared first on Stockmark.IT.

Jeremy Hunt has begun preparing for a public sale of NatWest shares worth billions of pounds, which could happen as early as June. This would be reminiscent of Margaret Thatcher’s privatisation policy “Tell Sid”, ahead of a General Election. In his autumn statement of November, the chancellor stated that he will “explore options” to offer […]

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Are you ready to take flight with one of the most buoyant players in the helium exploration space? Welcome aboard, as we chart the ascent of Pulsar Helium, a company making remarkable financial and strategic strides in an industry that is quite literally lifting technologies and innovations to new heights.

The post Soaring High with Pulsar Helium: A Glimpse into the Future of Helium Exploration appeared first on Stockmark.IT.

In this insightful interview, Mark Sale., CEO of First Class Metals, sheds light on the current investor concerns and outlines why First Class Metals is a compelling buy now. Recorded amidst volatile market conditions, Mark discusses the progress of key projects, including the highly anticipated updates from the Zulu project, Panther Metals, and more, while answering questions from shareholders.

The post Investor Alert: Upcoming Field Season: First Class Metals Big Moves in 2023 appeared first on Stockmark.IT.

Local whisky producers are confident that they can continue to meet the demand for luxury goods despite a general decline in demand. The US is the biggest market for Scotch Whisky. Annabel Thomas is not discouraged by the softening of demand in the US. She believes that her distillery will still be profitable this year, […]

The post Scotch Whisky producers celebrate wealthy Asian drinkers for defying luxury gloom appeared first on Stockmark.IT.

The administrator of the company that is at the heart of Rene Benko’s crumbling property empire said only €250mn out of €5.26bn in debt had been secured by tangible assets. This raises new questions about the amount of money lenders can expect to recover. Christof Stapf is a Viennese lawyer who specializes in insolvency. He […]

The post Signa Holdings’ €5bn of debt is backed by €250mn in collateral, according to administrator appeared first on Stockmark.IT.

The largest luxury group in the world, LVMH, will increase its annual dividend despite a slowdown in sales growth after years of record profits and revenues. This marks the end of a historical luxury boom. Two of Bernard Arnault’s sons were nominated to the board of directors by the French billionaire Bernard Arnault. He is […]

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Mounjaro, a weight-loss drug that is available in an injectable pen in Great Britain in the near future for the treatment of diabetes and obesity will be made available by Eli Lilly after the UK medicines regulator approved its sale on Thursday. It will compete with Novo Nordisk’s Wegovy. Since its launch in September, the […]

The post Eli Lilly to launch weight loss drug in UK ‘within a few weeks’ appeared first on Stockmark.IT.

Apple executive claims that new EU digital regulations are going to make it harder for users of Apple products, and put them at risk of security threats. Apple’s App Store head Phil Schiller said on Thursday that the new Digital Markets Act of the EU is forcing the company to make changes which will affect […]

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Yesterday, St James’s Place shareholders were shocked by disappointing quarterly inflows as well as plans for an operational review. The market was digesting news that net inflows totalled £770 million in the December quarter, a slower pace than earlier in the financial year and signs of possible upheaval. Mark FitzPatrick said that he is “reviewing […]

The post St James’s Place scares the market appeared first on Stockmark.IT.

Haleon sold ChapStick for more than $500m as it sought to reduce its debts while also boosting its stock price. The FTSE-100 company has agreed that it will sell its lip balms to Suave Brands for approximately $430 million cash plus a minority stake in Suave Brands valued at around $80 million. This is below […]

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In response to increased scrutiny over foreign investment in British infrastructure, the government has imposed restrictions on Vodafone’s relationship with its largest shareholder e&. This is the United Arab Emirates based telecoms company. In a surprising announcement, the Government said that Vodafone’s role in cybersecurity as well as its supplier of services to the central […]

The post Ministers are concerned that Vodafone’s shareholder could pose a national security threat appeared first on Stockmark.IT.

The UK financial watchdog has revealed the extent of its investigation into historical commission agreements which led to consumers paying more than they should have in transactions dating back to 2007. The Financial Conduct Authority clarified on Wednesday the timeline for an investigation launched earlier this week into historical interest linked deals by motor finance […]

The post After FCA investigation into commissions, UK auto lenders may face a bill of up to £13bn appeared first on Stockmark.IT.

China’s central banks has cut the amount of cash required by banks to hold in reserve. They hope to increase the lending to businesses and households as they try to steer an economy that is still recovering. Pan Gongsheng (Governor of the People’s Bank of China, PBOC) announced on Wednesday that reserve requirements ratio will […]

The post China cuts bank minimum reserves by 0.5% appeared first on Stockmark.IT.

UK factories have reduced production and investment at the start of the new year. This is a result of escalating tensions in the Red Sea, which is negatively affecting manufacturers and preventing them from ending a period of contraction that has lasted nearly a year. Factory owners reported import price rises and delays to exports […]

The post UK factories reduce production for the 11th consecutive month amid tensions at Red Sea appeared first on Stockmark.IT.

The term “asteroid mining” might sound like something out of science fiction, conjuring up images of workers hacking at floating rock fragments in a galaxy in the distant future, or perhaps in some time or century, but it is a “science fact”. Some of its proponents — including a variety of ambitious private commercial companies […]

The post Space race to unlock mineral wealth of asteroids appeared first on Stockmark.IT.

Spotify is claiming a victory in Europe over Apple by allowing in-app purchases and promotion of its services, which were previously prohibited. The new iPhone app for the Swedish streaming service will, starting in March, display pricing and offers to its customers. It will also allow them to purchase new subscriptions via the app. Customers […]

The post Spotify wins the App Store Controls Battle against Apple appeared first on Stockmark.IT.

EasyJet expects its losses to be lower than the record-breaking deficit of last year, despite the £40 million hit caused by the suspension of flights to the Middle East. Budget airline shares rose to a near 18-month high on the back of the budget airline’s expectations that the six months leading up to the end […]

The post EasyJet’s losses to shrink despite Middle East loss of £40m appeared first on Stockmark.IT.

The French government wants the UK to plug a multi-billion-pound budget hole for nuclear power projects that are being built by France’s electricity provider EDF in Britain. The UK’s request for a contribution is likely to create tensions between Paris, London and the EU. This comes a day after the state-owned EDF revealed that the […]

The post The French government is pressing the UK to fill a multi-billion-pound gap in nuclear projects appeared first on Stockmark.IT.

AstraZeneca wants up to £100m in government assistance to expand its vaccine production facility located in the northwest of England. The UK’s largest public company, which is also the most valuable in the world, plans to submit an official application to the government next month for public funding, to help develop the nasal flu vaccines […]

The post AstraZeneca to invest £100m in a vaccine plant near Liverpool appeared first on Stockmark.IT.

Vertical Aerospace, an electric flying taxi company, received $50 million from its founder in order to stay airborne. Stephen Fitzpatrick is the Northern Irish businessman behind Ovo Energy. He will invest $25 million in equity capital at $10 per share initially, and another $25 million at an undisclosed price by the end July. If the […]

The post Vertical Aerospace founder gives $50m to Vertical Aerospace to keep it airborne appeared first on Stockmark.IT.

Hinkley C , the owner of , has blamed Brexit, Covid and inflation for its announcement that it could delay and cost £2.3bn another nuclear power plant. France’s EDF announced that the plant in Somerset is expected to be completed by 2031, and will cost up to £35bn. EDF said that the price will increase […]

The post EDF says Hinkley Point C may be delayed until 2031, and could cost up to £35bn. appeared first on Stockmark.IT.

Chinese markets are up after a report that Beijing is scrambling for billions of Yuan to be mobilized from state-owned companies to reverse the recent share decline. The Hang Seng China Enterprises Index (which tracks Chinese stocks in Hong Kong) has dropped to its lowest level in almost two decades. Bloomberg reported on Tuesday that […]

The post Chinese markets rise on news Beijing may consider £222bn State Rescue Plan appeared first on Stockmark.IT.

Bitcoin’s value has dropped by 15 percent in the last two weeks as investors have taken advantage of the launch of the bitcoin exchange traded fund earlier this month. They are taking profits and selling their volatile cryptocurrency. The price of Bitcoin fell as much as three per cent on Monday, dropping below $39,000 for […]

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The UK government borrowed less in December than was expected, which is a boon to chancellor Jeremy Hunt’s plans to reduce taxes in advance of the expected general elections this year. According to the Office for National Statistics, the borrowing of the public sector fell to £7.8bn in December last year. This is about half […]

The post The sharp fall in UK government borrowings in December has raised the prospect of budget tax cuts appeared first on Stockmark.IT.

UK asset manager Abrdn is preparing to make hundreds of job cuts as part of a drive to cut about £150mn in costs. The cuts could amount to about 10 per cent of Abrdn’s 5,000-strong workforce and are due to be announced on Wednesday during a trading update, according to a person familiar with the […]

The post Abrdn will cut hundreds of jobs in its restructuring plan of £150mn appeared first on Stockmark.IT.

Netflix has signed a five-billion dollar deal to stream World Wrestling Entertainment’s flagship Raw program in the US for the next decade. This is the biggest move yet by the company into streaming live events. The streaming service believes that showing three live shows a week, will help it capture the loyal fan base of […]

The post Netflix signs $5bn agreement to livestream WWE Raw appeared first on Stockmark.IT.

In its latest round of funding, a start-up company that clones people’s voice was valued at over $1 billion. This investment came from Silicon Valley heavyweights Andreessen Horowitz as well as Sequoia Capital. ElevenLabs converts written words into speech, which sounds like it was read by a real voice. The software “recreates human intonation with […]

The post AI voice-cloning start-up ElevenLabs achieves unicorn status appeared first on Stockmark.IT.

The Japanese economy seemed to have no limits in the 1980s. The economy grew rapidly, with a peak growth rate of 6.7% in 1988. This was a result of the robust expansion of the 1960s and 70s. Land in Tokyo can cost up to four times as much as Manhattan’s equivalent. In the 1980s the […]

The post Nikkei returns to top spot as Japan looks back at the Eighties appeared first on Stockmark.IT.

Inflation in the UK will not return to levels seen before Russia’s invasion of Ukraine because of rising wages, a senior executive at Associated British Foods has said. Eoin Tonge, finance director at the food-to-fashion group that owns Primark and makes Kingsmill bread and Twinings tea, said: “Labour inflation is going to keep inflation higher. […]

The post Primark boss warns of high inflation appeared first on Stockmark.IT.

Businesses are scrambling to protect themselves against a rival superpower At a press conference in the heart of Silicon Valley, five men in suits posed for a photograph that shed unprecedented light on the world’s most powerful intelligence partnership. The men belonged to the Five Eyes espionage alliance, each representing intelligence services from Britain, Australia, […]

The post The UK plc is exposed to cyber attacks of a ‘nuclear’ level because of the small print appeared first on Stockmark.IT.

Publishers complain that Google’s dominance of internet search has put them “between rock and hard place” when it comes to using their copyrighted work as the basis for its artificial intelligence models. They claim that Google has a huge advantage over its competitors because businesses are afraid that blocking Google’s AI-search “crawlers”, they will lose […]

The post Google puts publishers between a rock & a hard place over AI appeared first on Stockmark.IT.

Leading British drug companies, together with other pharmaceutical groups are urging an US judge to rule that the evidence plaintiffs’ attorneys want to use to support their 72,000 lawsuits alleging that discontinued heartburn drug Zantac causes cancer is not supported by science. Mark Cheffo told the Delaware Superior Court in Wilmington Judge Vivian Medinilla that […]

The post GSK faces a pivotal moment when the Zantac hearing begins appeared first on Stockmark.IT.

British Steel is expected to suffer increased losses due to the rising energy and raw materials prices following Russia’s invasion in Ukraine. In its delayed 2021 accounts, published just last week, Britain’s second largest steelmaker warned that the war in Eastern Europe had caused a period of significant volatility, both in terms of absolute prices […]

The post British Steel’s prospects are ‘uncertain’ due to costs surging appeared first on Stockmark.IT.

As wholesale gas prices continue their decline despite the new global political turmoil, it is expected that household energy bills will fall by 16 percent or just under £300 per year starting in April. Since the Ukraine War, Europe has been importing more gas from the United States. This has helped to limit the impact […]

The post The spring is the time when household energy bills are set to fall. appeared first on Stockmark.IT.

Investors were captivated by the takeover activity that took place across the Channel, which prompted a rally of British gambling stocks. This takeover was confirmed by Sweden’s Kindred Group. The company confirmed that La Francaise des Jeux (which operates the French lottery) had offered a €2.6-billion takeover. It would have created one of Europe’s largest […]

The post Lottery takeover talks boost gambling stocks appeared first on Stockmark.IT.

The number of businesses on the verge of bankruptcy has increased by a quarter over the last three months due to a “perfect storm” that includes higher interest rates, increasing costs and a downbeat consumer market. According to Begbies Traynor’s corporate restructuring experts, in the fourth quarter of 2023 there will be 47,477 businesses in […]

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A study found that a simple blood test could detect the earliest signs of Alzheimer’s. This has “huge implications” in screening people over 50 to determine their risk of the disease. Scientists from Sweden used a simple test kit, already available commercially to researchers. They found it could detect tau proteins that can cause Alzheimer’s […]

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Investors are rethinking the timing of Bank of England rate cuts in this year. The Ice Bank of America Index of UK Government Debt has fallen by 3.6% this month, more than twice its US counterpart. This is largely due to an unexpected acceleration of inflation. The shock added to the uncertainty on global bond […]

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Apple paid Rbs1.18bn (12.3mn dollars) to the Russian state budget after a Moscow court found it guilty of abusing the App Store’s dominant position. FAS, Russia’s anti-monopoly regulator, announced Monday that it had received payment in response to a ruling from November that found Apple prohibited app developers from telling customers they could pay for […]

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The delivery firm DPD has disabled part of its artificial intelligence (AI) powered online chatbot after a disgruntled customer was able to make it swear and criticise the company. Musician Ashley Beauchamp, 30, was trying to track down a missing parcel but was having no joy in getting useful information from the chatbot. Fed up, […]

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It is a difficult task to get students to attend a morning seminar. Even the most hungover of freshers would be attracted by a physics lecture from Albert Einstein, or a masterclass in design from Coco Chanel. Some universities are bringing back dead or retired singers to the stage using holographic technology. Loughborough University is […]

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As a plumber tycoon Patrick Racz had become accustomed to deluges. But circumstances led to a very different kind of drenching, sitting in his local park in the rain contemplating the demise of his business during the dotcom crash. “I lost it all. I had young children. I felt embarrassed and upset at having let […]

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Logistics experts warn that attacks on ships in the Red Sea could disrupt supply chains and create chaos for Europe’s retailers and manufacturers. Since Yemen’s Houthi militants, backed by Iran, increased attacks last month on vessels transiting through the Gulf of Aden or southern Red Sea. This shift affects mainly sailings between Asia & Europe. […]

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The US corporate bond market is “on fire”, as companies have sold record amounts of debt, $150bn since the beginning of the month. This has been the busiest start to the year in more than 30 years. According to London Stock Exchange Group data, investment-grade groups issued $153bn in bonds during the month of April. […]

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The Russian operator has suspended operations at a major terminal for gas outside St Petersburg following a large fire that broke out. It was caused, according to the Russian operator, by “external actions”. Novatek, Russia’s second-largest producer of natural gas, announced that it had stopped operations at the Ust-Luga Terminal on the Baltic Sea after […]

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Gav Moule was supposed to be celebrating his 21st year of employment at the Port Talbot Steelworks in South Wales. The decision of the Indian owners of the steelworks to shut down its polluting furnaces has caused the 45-year old to fear he won’t be able support his family. He said, “I’m a third-generation steel […]

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British Steel, a Chinese-owned company, has been shocked by the resignation of its auditor. The new auditor was unable verify stock worth tens and millions of pounds. Moore Kingston Smith, who audited the finances of British Steel for just a year, has quit. This is a blow to British Steel’s hopes to unlock £600 million […]

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After being personally lobbied by Emmanuel Macron, a British nuclear startup dropped its plans to build a groundbreaking power plant in Cumbria in favor of investing £4bn instead in France. Newcleo is based in London and is developing an advanced modular reactor, also known as a mini-nuclear power plant. This type of mini-nuclear power plant […]

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According to a recent data analysis, Britain has lost out on international visitors who spend a lot of money after the government removed tax-free shopping as a result of its exit from the EU. The UK has seen a dramatic drop in non-EU expenditure since the scheme was scrapped in 2021 following Brexit. This makes […]

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Manchester United’s profit forecast has been cut after the club’s early exit from Europe’s premier football competition. This highlights the challenges facing billionaire Sir Jim Ratcliffe in his attempt to turn around the club’s fortunes. Ratcliffe has agreed to purchase up to 29 percent of Manchester United at a price of approximately $1.6 billion on […]

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Google DeepMind used artificial intelligence (AI) to almost match the geometry problem solving skills of some of the brightest mathematicians in the world. This is a major step forward in the quest to apply this fast-growing technology for complex mathematics. According to a Wednesday Nature article, AlphaGeometry is the system of the tech giant that […]

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Investors lowered their expectations for a rapid interest rate cut in the eurozone and the UK, and also the US. The global sell-off occurred after European Central Bankpresident Christine Lagarde indicated that borrowing rates would fall in the summer and not spring. The sell-off also came after the first increase in UK inflation for 10 […]

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Analysts have estimated that banks could be liable for a compensation bill of £10 billion due to unfair car financing deals. The Financial Conduct Authority announced last week that it will investigate whether people who take out loans before the end of January 2021 are unfairly being charged higher interest rates as a result of […]

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