On January 24th 2024 Pantheon Resources PLC held a post-AGM investor presentation, providing insights into their ongoing projects and future plans. Here's a breakdown of some key highlights from the discussion points

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BAE Systems is expected to make a profit of £3 billion this year, as the wars in Ukraine and the Middle East are boosting the company’s coffers. The company, which builds the UK’s nuclear submarine fleet, squadrons of fighter planes, and produces missiles, shells, and bullets, has reported sales that were 9 percent higher than […]

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Heathrow has finally returned to profitability and promises that it will transport more passengers in 2024 than ever before. This follows the pandemic and billions of pounds in losses as well as a bitter dispute with its airline clients. Heathrow has made a profit in 2023 of £38million after the long haul from empty terminals […]

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Anglo American’s net profit fell by 94 percent to $283 millions last year due to lower metal and diamond prices. The FTSE-100 miner suffered a disastrous year, as markets for PGMs and diamonds collapsed. It also unexpectedly lowered its copper production forecast. The underlying earnings before interest taxes and other items dropped to $9.96billion from […]

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The sales of activewear brand Gymshark have increased by 20 percent compared to last year. This is ahead of the projected 15-percent increase in revenue, which will reach £556 millions in 2023. Ben Francis, a 31-year-old Solihull businessman, has just filed accounts that show profits before taxes for the fiscal year ending in July last […]

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The administrators of the Britishvolt project, which was canceled due to financial problems, have stated that they are still trying to collect money from the Australian purchaser and are looking at other possible deals. According to EY, Recharge Industries remains “in default” one year after agreeing to purchase the site in Cambois (Northumberland) where Britishvolt […]

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Hargreaves Lansdown said it would reduce its interest share from the balances of customers to avoid a regulatory crackdown. However, it did not indicate that it would be making a big sacrifice. The concessions on cash windfalls were made when Britain’s largest investment platform reported declining new customer numbers as well as a slowdown of […]

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Japan’s stock exchange reached its highest level ever, surpassing that of the late 1980s bubble economy and marking a symbolical recovery after 34 years of stagnation. The Nikkei Average of the top 225 Japanese companies closed on 39,098, an increase of 2.2%, surpassing the previous high of 38,915 reached on the last day of trading […]

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The scandal over mis-sold car finance is intensifying after Lloyds Banking Group put aside £450m to cover possible costs and compensation. Lloyds is the first of the major motor finance companies to provide a contribution for the Financial Conduct Authority inquiry into car loans. This is likely to fuel speculation about the industry’s potential for […]

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Rolls-Royce’s turnaround has been hailed as the fastest in British corporate history. Tufan Erginbilgic has been the chief executive for nearly 14 months. He also promises to increase profits and cash flows every year over the next four. The company that makes engines for long haul passenger jets, and nucleo-propulsion for the Royal Navy submarine […]

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The American stock market closed Thursday night at a record high, thanks to strong results from Nvidia Corporation as well as a forecast for huge demand for the company’s industry-leading artificial Intelligence chips. The S&P 500 index, which is widely considered a barometer for the health of American corporations, closed at 5,087.03, a record high. […]

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The latest blow to London as a financial hub is the plan to relocate the primary listing of one of the largest anti-opioid companies in the world to the United States. Indivior, a FTSE 250 pharmaceuticals firm that specializes in treating substance abuse disorders and mental illnesses, will consult its shareholders this summer about the […]

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The global debt reached a new record of $313 trillion, or £248 trillion. This is due to higher interest rates that drive up borrowing costs. According to the Institute for International Finance (IIF), borrowers took on $15 trillion more in 2023. This means that the world’s total debt is up by over $100 trillion since […]

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Dominic Raab warned that unless Western governments are able to break China’s stranglehold on critical minerals required for the green energy transformation, households will face higher bills. Former foreign secretary and deputy prime minister Rishi Sunak said Beijing’s efforts to dominate the materials that are used to manufacture wind turbines, panels for solar energy, and […]

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Rio Tinto warned that costs at its iron ore mine would rise more than expected this year due to wage and part inflation. Anglo-Australian said unit costs for the Pilbara Mine in Australia, the place where the group makes most of its profits, will increase between $21.75 to $23.50 per metric tonne. This is at […]

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The architect for the Post Office Tower, who was worried that his building would be deemed ugly by people, was thrilled to find an empty spot near Tottenham Court Road. Eric Bedford stated that central London was the “one place that amenity people couldn’t defend on the basis of architectural beauty”. Thomas Heatherwick is the […]

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Scientists have found a link between high levels of antiviral proteins and long Covid. This will help to improve efforts to diagnose the condition, which is debilitating for millions of people worldwide. researchers reported on Wednesday that patients had persistently high levels of interferon-gamma, which is linked to fatigue, sore muscles, and depression. Researchers have […]

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The companies have announced that Intel, a US chip manufacturer, will produce high-end semiconductors exclusively for Microsoft. Intel is competing with TSMC, Samsung and other suppliers to provide the next generation silicon for artificial intelligence. Pat Gelsinger, Intel’s chief executive, said on Wednesday at an event that the company is “rebuilding western manufacturing at large […]

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HSBC shares fell to their lowest level since 2020, after the bank announced a 80% drop in its quarterly profit. It also took a $3bn hit on the value of a stake it holds in a Chinese Bank. HSBC announced on Wednesday that the pre-tax profit for the last three months of 2023 was $1bn, […]

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Nvidia’s shares surged on Wednesday night, after the company announced a 265 percent increase in quarterly revenues and forecasted even higher sales due to an artificial intelligence spending frenzy. The fourth quarter revenues were $22.1bn, which was far more than Wall Street’s expectations of $20.4bn. Nvidia stated that it expects revenues to be $24 billion […]

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Monzo, the British digital bank, is close to a new funding round that will value it at around £4bn. This would be a sign that investors are confident in the company’s expansion. People said that the UK fintech may finalise an agreement within the next two week to raise up to £350mn in a mix […]

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Vertical Aerospace in Britain, the pioneer of flying taxis, has received another £8m from the government. This brings its total taxpayer support to £37m, as it attempts to get its electric plane off the ground. The company claimed that the funding for the development of propellers for the electric vertical takeoff and landing (eVtol), aircraft, […]

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Currys’ top investor cautioned that international companies will start looking closely at London businesses, following a bidding war involving the electronics retailer. Redwheel, which owns 14.6pc shares in Currys said that it was “completely in agreement” with the board of directors over their decision to refuse a takeover bid from US hedge fund Elliott. It […]

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The Bank of England’s governor, Mark Carney, stated that the bank might start lowering interest rates before inflation hits its 2 percent goal.He cited “encouraging” signs of a easing of price pressures. Andrew Bailey, speaking to the Treasury Select Committee, said that inflation in the UK has decreased quickly and that the technical recession the […]

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Walmart will buy Vizio for $2.3 billion. This comes after surpassing sales expectations and announcing the largest dividend increase in over ten years. The largest retailer in the world increased its dividends by 9 percent to 83 cents per share, marking its 51st consecutive year of dividend increases. Walmart’s revenue in the three months ending […]

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A US investment firm has started talks about a possible takeover of Superdry. The struggling high-street fashion chain is in dire need of a new owner. City investors reacted positively to the news that Superdry would be removed from the stock exchange and turned into a private company.Shares of Superdry rose sharply from 39 1/2p […]

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Alliance Trust raised its yearly dividend for the 57th consecutive year due to improved investments in the technology and financial service sectors. The investment trust announced a payment of 6.34p per share for the fourth quarter last year. This brought the total payment for 2023 up to 25,2p, a 5 percent increase over the previous […]

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National Express’ owner had to postpone the release of the company’s annual accounts because the auditor needs additional time to review “accounting judgements”. Deloitte had originally planned to release Mobico’s 2023 results the following week. However, Deloitte is still awaiting Deloitte’s approval, primarily due to questions about accounting in its German rail division. Deloitte has […]

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The Body Shop will close nearly half of its 198 stores in the UK. Its head office staffing will be reduced significantly, resulting in hundreds of job cuts. The company managing the restructuring stated that the current store portfolio of the beauty chain was not viable and confirmed the immediate closure of seven branches. Tuesday […]

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Barclays’ chief executive has revealed a plan for reviving the bank’s share price, which is currently in decline. The plan is to invest £30 billion in Britain in order to stimulate growth and deliver £10 billion to shareholders over three years. This is a crucial moment for Coimbatore Sundararajan Venkatakrishnan. He took over the lender’s […]

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Jensen Huang told a conference in Dubai last week: “This is the beginning of a new industrial revolution. This is about the production, not of energy, not of food, but of intelligence. Every country should produce their own intelligence. Crucially, Nvidia, the Taiwanese-born billionaire’s company, has positioned itself at the heart of this “revolution”. It […]

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The Bank of England’s ex-chief economist has cautioned policymakers about the risk of damaging the economy by maintaining high interest rates for an extended period. Andy Haldane, who was chief economist for seven years until 2021, said the Bank’s ratesetting monetary policy committee risked further eroding its reputation if it delivered unnecessary damage to the […]

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AstraZeneca announced on Monday that its top drug has shown promising results in treating early-stage lung cancer by slowing down the progression of the disease. The company announced that its Tagrisso drug, which is a best-seller, demonstrated a significant and meaningful improvement in preventing the progression of a certain type of the most common form […]

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S&P Global, a financial data company, is close to acquiring research platform Visible Alpha. The deal values Visible Alpha at over $500 million and includes investment banks Goldman Sachs, Jefferies, and UBS.S&P, best known for its rating agency business and stock market indices, could announce a deal for Visible Alpha as soon as Tuesday, the […]

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US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies. Capital One’s acquisition of Discover values its smaller rival’s stock 27 per cent above Friday’s closing price. Under the terms of the deal, Discover shareholders would […]

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Vladimir Putin was effusive late last year after Gazprom reported record sales to China, telling chief executive and longtime ally Alexei Miller: “This is great, I congratulate you on the results of your work.” But the Russian president’s praise, proudly trumpeted on state media, belies the crisis unfolding at a company that is struggling with […]

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Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time. The UK’s £1.4tn “defined benefit” pensions industry has been switching to corporate debt for its higher yields and to prepare the schemes for potential sales to insurers, analysts said. The share of European […]

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Solar panel manufacturers in Europe and the US have warned against excluding Chinese companies from renewable energy supply chains. China dominates the solar manufacturing industry, with more than 80 percent of global production, following decades of state-sponsored deep support, rapid growth in domestic demand and fierce local competition. Western political and industrial leaders have called […]

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Scientists are predicting the beginning of a “golden age” in energy for a resource that was previously overlooked — naturally occurring hydrogen. According to a study unpublished by the US Geological Survey, underground reservoirs around the world contain up to 5tn tonnes hydrogen. Geoffrey Ellis, the project leader, said that he was looking forward to […]

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US natural gas prices are at their lowest in nearly three decades as the country prepares for its warmest winter ever, which will reduce demand while production reaches record levels. Analysts said that this winter, the months when gas demand is at its highest, will be one of the mildest on record since reliable records […]

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Five people who have direct knowledge of this long-running investigation claim that Brussels will impose the first fine ever on Apple for allegedly violating EU law regarding access to its streaming music services. The fine is estimated to be in the range of €500mn, and will likely be announced at the beginning of next month. […]

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A US private equity fund launched an auction for Village Hotels, the UK’s largest mid-market chain. The sale is expected to reach £800 million. Sources in City say that advisors to KSL Capital Partners are marketing Village through “teaser documents” they have shared with interested parties. Morgan Stanley was chosen by KSL in Denver to […]

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Christian Scherer, Airbus’s chief executive officer, has pioneering in his blood. Christian Scherer, the man who runs the world’s largest aircraft manufacturer, was only ten years old when he saw his father fly Airbus’s very first aircraft in its maiden flight over Toulouse on October 28th 1972. It is not surprising that the 61 year […]

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George Adnams and his brother Ernest bought the Sole Bay Brewery at Southwold in Suffolk in 1872. But his brewing career only lasted two years. George Adnams, who was a bit of a free-spirited individual, left his brother in charge of the brewery and emigrated to South Africa. He later died there after being eaten […]

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Last week, official figures revealed that the UK had entered a “technical recession” in the second half last year. The drop in Gross Domestic Product (GDP) was 0.3 percent in the fourth quarter after a 0.1 percent fall in the third. There’s much more than the GDP number can tell us about the current state […]

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Barclays will give its shareholders up to £9 billion in the next three year as part of its turnaround plan, which its chief executive is set to unveil on Tuesday. C S Venkatakrishnan (Venkat) is under pressure to increase the share price of Barclays. He is being asked to assuage investor concerns about Barclays’ huge […]

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Airbus expects to deliver about 800 planes this year, 65 more than last year, it said on Thursday as it reported an increase in profits and strengthened its position as the world’s largest aircraft-maker. The European aerospace company said that core profit rose 4 per cent to about €5.8 billion over last year, with revenue […]

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The executives at Lyft are left with a red face after a typo was found in the financial results of the ride-hailing service. This led to a nearly 70 per cent increase in its share price. Lyft announced that it would grow its margins by a much higher percentage than anticipated in the coming year, […]

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Relx increased its dividends and began a £1-billion share buyback in response to the strong demand for its artificial intelligence (AI) products from scientists and lawyers, and its continuing recovery in its events business. In the fall, the company, which is one of the largest on the FTSE 100 list, began commercializing artificial intelligence (AI). […]

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Centrica’s recovery has been aided by the energy crisis. The profits for British Gas’ owner were nearly £2.8 billion in 2018. This is a drop from the £3.3 billion record set in 2022 but still second in group history. British Gas was one of the biggest beneficiaries from rising energy prices in 2018. This was […]

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Blackstone has halted plans to sell the Canary Wharf tower for £250m as companies and investors shun office space within the financial district. A US private equity company had exclusive discussions with an Asian investor to sell Cargo at 25 North Colonnade. The building has 15 floors. Bloomberg reported that discussions had broken down due […]

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Abrdn struggles to show that everything is on track seven years after the merger of £11bn. After Stephen Bird informed a group angry money managers their bonuses wouldn’t be distributed “like peanutbutter”, the newly-in charge company decided that it would also cut back on vowels. Standard Life Aberdeen was created by a merger of Aberdeen […]

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Shell forecasts that the global demand for liquefied gas will increase by over 50% by 2040, as people switch to cleaner energy sources. The oil major’s latest energy outlook suggests that global demand will peak in 2040, with the growth of the big Asian economies countering the declines in Europe and the United States. The […]

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The Spanish parent company of one of Britain’s leading producers of reinforced Steel has put the company up for sale. Celsa Steel UK, a plant in Cardiff that supplies the Hinkley Point nuclear project in Somerset, is the biggest producer of reinforced steel in the British construction industry and also one of the nation’s top […]

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After the success of Sarah J Maas’s new book, Bloomsbury expects to “significantly exceed” market expectations in terms of profit and revenue. Publisher of Harry Potter said that they now expect annual revenue to be £291.4 and profit before taxes of £37.2, as opposed to the £274.2 and £32.9 millions it predicted in December. House […]

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Dunelm will open its first store in inner London boroughs after reporting its highest growth rate of sales in the capital in last year. Sales rose 4.5 percent to £872.5 in the 26-week period ending December 30. Volume growth was more important than price increases. Volumes increased by 6 percent thanks to gains in market […]

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Financial regulator warns City firms of the danger posed by organised criminal groups that seek to manipulate markets. It has revealed it made three arrests as part of a “major” operation. The Financial Conduct Authority announced that it worked with the National Crime Agency on 1 February to arrest three men on suspicion of insider […]

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The Bank of England governor has welcomed the “good news” about inflation but warned that it will not cut rates immediately if, as expected, prices fall to just 2 percent this spring. Andrew Bailey responded to figures that showed the annual inflation rate was unchanged in January at 4 percent, lower than the Bank’s forecast […]

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Apple’s Vision Pro has made headlines in the past month, as celebrities such as Casey Neistat (a YouTube personality) and T-Pain (a singer and songwriter) wore it out. The “passthrough” function allowed them to view their surroundings when using it. Passthrough is a feature found in the latest mixed-reality headsets. It allows users to see […]

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A supplier of parent company Volkswagen discovered a Chinese component in Porsche, Bentley, and Audi vehicles that violated laws against forced labour. Two people who are familiar with the situation say that the automaker is delaying the delivery of vehicles until the end of March to replace an electronic component which was found to be […]

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The head of Britain’s post-Brexit watchdog said that it was ready to follow Brussels and launch an investigation into Chinese firms flooding the market with electric cars. However, the government had not requested it. Oliver Griffiths, chief executive of UK’s Trade Remedies Authority, which advises on trade defense, said that the TRA was in constant […]

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The Tories’ slim chances of staying in power are at risk. has been sweeping Europe with farmers’ protests for several months. Recently, in Thessaloniki, Greece, people dumped apples and chestnuts on the street. Farmers in the country are upset that the government didn’t honour its promise to compensate for lost income following a series of […]

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After The Body Shop went into administration and put more than 2,000 job at risk, landlords are preparing for a wave closures. Aurelius, a private equity firm, put the UK branch of the ethical cosmetics brand, which has around 200 stores, into administration on February 2, just weeks after it had been purchased from its […]

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Glencore has stopped its Koniambo Nickel project in New Caledonia after investing $4 billion since 2013 without making a profit. The FTSE-100 miner and commodities dealer said that it would cease operations on the South Pacific island group located between Australia and Fiji as it sought a buyer for the 49 percent stake in the […]

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One of Britain’s largest drug companies secured a fast track review of a potentially blockbuster treatment of chronic hepatitis B. GSK announced that the US Food and Drug Administration has granted bepirovirsen an expedited approval process because it could address a medical need unmet for a life-threatening condition. Globally, the long-lasting infection is caused by […]

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A newcomer is set to enter the upper echelons of Britain’s commercial property sector after two of the country’s biggest warehouse owners agreed a multibillion-pound merger. The tie-up between Tritax Big Box and UK Commercial Property Reit is intended to create a landlord with a £6.3 billion portfolio, made up mostly of logistics depots and […]

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The Renewables Infrastructure Group has bought a British battery storage developer as it seeks to diversify into assets with the potential to deliver higher returns. The FTSE 250 group will pay £20 million for Fig Power over the next two years, half of which will fund the upfront cost of the deal, with the remainder […]

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Redx Pharma has decided to list in New York because it wants to tap into a wider and more specialized pool of investors. The latest blow for the City is that the London-listed Biotechnology Company, which has been through a turbulent time since its flotation on Aim, London Stock Exchange’s junior market in 2015, feels […]

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The logistics company of the Barclay family has been merged into the startup that purchased Tuffnells from administration last year. Yodel is one of Britain’s largest parcels delivery services. It will combine with Shift to exit the corporate empire that Sir Frederick Barclay and his late twin brother, Sir David Barclay built over the past […]

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Shareholders of Tui voted by a large majority to leave the London Stock Exchange and opt for a single listing on the German Stock Exchange. The travel company Tui Group’s shareholders at its annual meeting in Hanover voted with 98.35 percent, which is far more than the required 75%, to delist from London and retain […]

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A government-backed business whose technology can turn waste into jet fuel has been rescued in a deal in which it will be delisted from London’s Aim. Velocys had been fearing for its future when a funding round fell apart late last year, but a consortium of investors has saved it with $40 million of capital. […]

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Siemens’ decision to shift more work for London Underground from Germany to the UK will result in a much busier factory than anticipated when it begins production in spring. Siemens was awarded a £1.5 billion contract in 2018 to replace Piccadilly line rolling stock that is over 50 years old. The German engineering giant has […]

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Private equity owners at Shawbrook want to revive their plans to float the bank to boost the London Stock Exchange. Shawbrook was purchased by BC Partners and Pollen Street Capital in 2017 for £868million. Private equity firms had previously considered selling the bank or listing it on the stock market in 2022. They sought an […]

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New analysis claims that Brexit will leave a gap of nearly £100bn for UK exports each year, which would make Britain’s economy worse than if they stayed in the European Union. The UK’s decision not to remain in the EU has led to a 30 percent decrease in trade between 2020-2023 compared to if Britain […]

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Official figures reveal that local authorities in the UK, who were in dire need of cash after Liz Truss’s disastrous mini-budget of 49 days ago, took out huge 50-year loans with soaring interest rates. The government’s Debt Management Office shows that, after Truss’s Chancellor Kwasi Kwarteng announced the budget for 2022 on September 23, 24 […]

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According to a prominent music lawyer, the threat of a major copyright lawsuit looms over TikTok, because songs by Universal Music artists such as Taylor Swift and BTS are being used despite the label removing its catalogue from the website. Simon Goodbody from Bray & Krais law firm who represented Ed Sheeran and other artists, […]

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It has been revealed that the executives at Fujitsu collected around £37m as compensation, bonuses, and pay since they won the contract for the supply of the software at the center of the Post Office Horizon scam. Accounting records dating back to 25 years show that executives at the UK division, a Japanese-owned technology firm, […]

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Raspberry Pi, the computer that got children interested in computing, is now aiming for the top prize As it prepares to list in London, the hobbyist computer company Raspberry Pi may sell shares to its legion of fans. Eben Upton is the Raspberry Pi chief executive. He said that the company was considering a retail […]

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EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. The figures, made public at the UK’s Companies House over the weekend, detail the financial impact of Project Everest, which collapsed […]

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Tod, the luxury Italian shoe and bag maker, has announced plans to become private. The deal will be with L Catterton a private equity firm backed by LVMH. This ends more than 20 years as a publicly traded company in Milan. After the announcement of the transaction late Saturday night, L Catterton will have a […]

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Chinese electric vehicle prices are tumbling, but 38-year-old Beijinger Rio Liu is loath to part with cash for the new car he badly wants for his young family. For a start, he needs to sell his current car, but second-hand prices are falling too. “This puts me in an awkward situation,” he said. Consumer prices […]

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Diamondback Energy has a deal in place to purchase Endeavor Energy Resources, a private oil producer in America, for about $25bn. This is according to sources familiar with the situation. ConocoPhilips lost out in this race to acquire one of America’s top private oil producers. The deal, which could be announced on Monday, will make […]

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As they invest in new areas like generative artificial intelligence, tech companies have cut 34,000 jobs. According to Layoffs.fyi which tracks attrition within the industry, Microsoft, Snap and PayPal each have eliminated hundreds or thousands roles since January. This year, 138 companies in the tech industry have cut staff. Losses are lower than in 2023, […]

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The Guardian’s staff is bracing for job cuts, after their bosses informed them that the publisher will make a £39million loss annually due to a slump on the digital advertising market. The Guardian’s troubles, which were revealed to its staff in a meeting hosted last week by executives, coincide with the struggles of several rivals […]

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Private equity owners are preparing Evri for a massive £2 billion sale, just two years after saddling it with debt and grabbing a £762million dividend. Advent International, an American buyout company, is working with Rothschild advisers to explore Evri’s options. This could include a possible sale of the courier for £2 billion (including debt). Advent […]

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Discover the investment potential of Pantheon Resources as driven by their expansive Alaska North Slope oil projects. Proactive’s research analyst Manos Halicioglu provides an in-depth insight and a valuation perspective on this burgeoning energy player.

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MetalNRG PLC Secures £223,000 via Convertible Loan Notes for Financial Enhancement

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Exclusive: Tucker Carlson Interviews Vladimir Putin” features an in-depth interview with the Russian President, focusing on the war in Ukraine, its historical context, and potential resolutions. Putin discusses Russia’s historical claims to parts of Western Ukraine, expresses concerns about NATO expansion, and addresses broken promises made to Russia after the collapse of the Soviet Union. The conversation also covers Russia’s relationship with Ukraine and the West, highlighting accusations of US involvement in Ukraine’s coup, as well as Russia’s actions in Crimea and Donbass. Putin emphasizes the need for implementing the Minsk agreements, denazification in Ukraine, and skepticism regarding Russia posing a global threat. Additionally, the interview delves into economic impacts, the essence of religion, moral values, and the need for international regulation in response to threats from uncontrolled development of AI and genetics. Throughout the discussion, there is a call for peaceful negotiation and readiness for dialogue between Ukraine and larger countries.

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The first-ever increase in disability claims following the lockdown will see Britain’s benefits bill for working age reach £100bn this year. According to the Department for Work and Pensions’ (DWP) forecasts, the cost of welfare payments, including universal credit and housing subsidies, is expected to increase by 30pc real to £130bn at the end of […]

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The completion of Britain’s largest offshore Wind Farm will be delayed by an entire year due to a chronic lack of construction vessels. According to the developer of Dogger Bank, SSE, it has been affected by significant disruption due to bad weather, storms, and a shortage of vessels capable of building it. The two most […]

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According to a recent regulatory analysis, the value of UK pension funds will plummet by approximately £425bn by 2022 due to bond market turmoil caused by Liz Truss’s “mini” Budget. This led to retirement schemes being forced to sell assets. This week, the Pensions Regulator released a long awaited Report that revealed the extent of […]

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Scientists in Europe have achieved a new record for energy produced by nuclear fusion. This is another step forward in the decades-long quest to harness the reaction that powers our sun. Researchers at the Joint European Torus Facility outside Oxford produced 69 megajoules during a sustained reaction lasting five second — enough energy for about […]

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Global investors expect falling prices in China to push down inflation rates worldwide this year, as excess capacity in its slowing economy prompts Chinese exporters to cut prices on goods they sell abroad. Prices of Chinese exports have been falling at their fastest rate since the 2008 financial crisis, indicating the world’s largest exporter is […]

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Arm shares soared almost 50% on Thursday, after the UK chip manufacturer reported higher revenues, boosted by a strong demand for artificial Intelligence. SoftBank-backed Arm raised its outlook for earnings after it reported revenue of $824mn in the three-month period ending December. This was up 14% year-on-year, and exceeded analysts’ expectations. This is Arm’s second […]

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Shareholders of Hipgnosis Songs Fund overwhelmingly supported a board proposal that would pay a fee up to £20million to potential suitors to increase the appeal of bidding on its music assets. A special resolution was passed at an extraordinary general assembly by 99.9% of shareholders, who hold the rights to artists from Shakira and Neil […]

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As the cost of living continues to rise, shoppers are turning away from Unilever brands of ice-creams, condiments, and bleaches. They prefer supermarkets own-brand products. Unilever acknowledged that only a third (of the brands) of consumer goods giants such as Ben & Jerry’s Hellmann’s or Domestos grew their share of market last year. The FTSE […]

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The London-listed manufacturer of Lucky Strike cigarettes and Dunhill cigarette is looking to reduce its £15 billion shareholding in an Indian conglomerate. This has triggered a sharp rise in the price of its shares as investors welcomed a potential buyback. British American Tobacco wants to reduce the 29 percent plus of its holdings in ITC […]

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A technology company powered by AI founded by three Oxford University grads will be acquired by a US group, making at least 12 of its employees millionaires. Entrust, an American payments and data security company, has acquired Onfido of London, which specializes in ID verification software. The final price is not disclosed but it’s believed […]

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A leading tech investor in the world has announced a profit for the first quarter since more than a full year. This was due to a windfall from T-Mobile shares and rising stock prices. Softbank posted a net income of $6.4 billion in the third quarter, up from $5.25 billion in the previous year. Its […]

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On Thursday, the decline in Digital Nine Infrastructure shares continued and the stock ended the session at the lowest price ever recorded. The data centre and wireless network infrastructure investor’s share price dropped after the company spooked investors with an announcement regarding the sale its stake in Verne Global. Verne Global is a data operator, […]

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