The Bank of England is more likely to delay cutting interest rates later in the year if inflation falls slower than expected. This is due, in part, to the higher fuel prices. According to the Office for National Statistics, the pace of growth in consumer prices in the UK fell from 3.4% to 3.2 percent […]

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Electric car sales have dropped sharply in Germany, as concern grows across the continent about zero-emission cars. According to the latest figures from the European Automobile Manufacturers’ Association (the trade body), sales of electric vehicles in Germany, Europe’s biggest market, dropped by 29 percent year-over-year in march. In the European Union as a whole, the […]

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After months of turmoil, the British music royalties fund Hipgnosis has agreed to be taken over by a rival music and theatrical rights company for $1.4bn. The Concord Chorus agreement, which offers Hipgnosis’ shareholders a premium of 32% over Thursday’s $1.16 per share share price, could end the uncertainty surrounding the future of this FTSE […]

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EasyJet said that it has reduced its winter losses to at least £50m, and is confident about a record-breaking summer despite increased fuel costs and the loss of £40m due to the Middle East war. In a trading update released before the half-year results, the airline stated that it expected pre-tax losses between £340m to […]

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Nestle has rejected investor proposals that would force the world’s biggest consumer goods company, Nestle, to reduce high levels of sugar, salt and fats in their food and beverages. At its annual meeting held on Thursday, 88% of shareholders voted in favor of the multinational with headquarters in Switzerland. Only 11% of shareholders voted against […]

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Coventry Building Society made a tentative offer of £780m for the Co-operative Bank to its hedge fund owners. This could be the latest takeover among UK lenders. The offer comes after nearly 4 months of exclusive discussions, which started in December. The deal would create a high-street challenger bank with nearly 5 million customers, and […]

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The husband of Scotland’s former First Minister Nicola Sturgeon was charged with embezzlement allegations involving funds belonging to the Scottish National Party. Peter Murrell was arrested Thursday morning. He had been previously arrested in April last year, as part of Operation Branchform. This investigation has cast a dark shadow on the party which has governed […]

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Netflix’s crackdown against password sharing helped it to blow past Wall Street earnings expectations, but shares dropped after it announced it would stop regularly disclosing subscriber numbers. The company’s first-quarter operating income grew by 54 percent as it added 9,3 million subscribers around the world, proving the benefits of its efforts to reduce password share […]

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Because of “significant disruption”, the UK government told its port authorities it would not “turn on critical health and security checks for EU imports once post-Brexit borders controls start this month. The Department for Environment, Food and Rural Affairs outlined a strategy to reduce the number of lorry queues at ports. They revealed that if […]

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The second largest bank in America wrote off $1.5 Billion of bad loans during the first quarter of this year, due to mounting losses on credit cards as well as its exposure to the faltering office market. Bank of America reported that the net charge-offs of its debts they did not expect it to recover […]

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The US has reimposed sanctions on Venezuelan oil, claiming that President Nicolas Maduro’s socialist revolution government “failed” to meet its commitments of holding a fair and free presidential election in this year. The Biden administration has taken this measure to acknowledge that the sanctions relief granted six months earlier, failed to convince Maduro of a […]

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Jane Street, a secretive fast-paced firm, has flourished alongside Wall Street market makers. Documents reviewed show that the group anticipates its net trading revenue for the first quarter to be around $4.4bn. This is more than twice the amount it earned a year ago and up by 35 percent from the end 2023. These staggering […]

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The IMF has warned Rishi Sunak to take more aggressive action to reduce the UK public debt. This puts into question the prime minister’s plans to cut national insurance. The IMF published its Fiscal Monitor on Wednesday, and listed the UK as one of four major economies that “critically needs to take policy actions to […]

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Asos said it would take “necessary action” to turn around its fortunes, after the fast-fashion retailer’s losses in the first half widened. Sales also fell by almost a fifth. In the six-month period ending 3 March, sales were down 18% on a year-over year basis. This led to a pre-tax loss underlying of £120m. The […]

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Thames Water’s largest bondholder has supported plans to split the company as it tries to avoid collapse. The idea of splitting up Thames Water is gaining momentum in advance of the rescue plan , which bosses will unveil on Friday. Luke Hickmore is a fund manager for Abrdn and he holds Thames Water secured bonds. […]

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After a backlash from media owners, including Rupert Murdoch, the restrictions on foreign state ownership in British news organizations that were designed to stop the UAE’s bid for The Telegraph will be relaxed. Officials were warned about the “unintended consequence” of new legislation if it was drawn too strictly by the lobbyists of the media […]

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Jeremy Hunt warned that the costs of welfare benefits were rising uncontrollably. He pledged to cut the welfare bill “further, faster and more dramatically”. In an interview, the Chancellor said that he also wanted to reduce National Insurance by 2p prior to the election. However, he stressed that he only would do so in a […]

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Daniel Kretinsky wants to take full control of the parent company IDS, which is responsible for the postal service Royal Mail has rejected a takeover offer from billionaire Daniel Kretinsky of the Czech Republic, as the 500 year old postal service faces foreign ownership. On April 17, the board of International Distributions Services, which owns […]

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The UK franchise owner for TGI Fridays agreed to a £177mn takeover, which will allow the US chain that is known for its chicken wings, potato skins and two-for one cocktail list on London Stock Exchange. The deal is a major boost to the London Stock Exchange, which has been in decline for some time. […]

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The group behind Bloom & Wild saw its losses increase to over £100 million in the latest financial year, as consumers reduced their flower purchases due to a lack of cash. Online florist known for its bouquets that can fit through a standard letterbox posted a £100.6M loss before taxes for the fiscal year ending […]

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Wise’s fortunes have been shattered by disappointing revenue and a slowdown in growth of the volume of transactions made on its platform. Payments company announced that their fourth-quarter revenue had increased by 24 percent year-on-year, to £277.2 millions. However, this was less than what had been predicted in the City. Wise’s volume of international transactions […]

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The number of workers who are out of work due to long-term illness has risen to a new record of over 2.8 million. Since the Covid pandemic began, economic inactivity (when an individual is not working and not seeking a job) has steadily increased, driven up by the prevalence of long-term illnesses. Before the pandemic, […]

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Extreme weather and climate breakdown are causing low yields in farms both locally and abroad. Farmers in the UK are unable to plant important crops like potatoes, wheat or vegetables because of record rainfall. The crops that have been planted, are of poor quality. Some of them are rotting on the ground. The wet weather […]

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After 777 Partners received a last minute extension for repayment of a £160m debt, the proposed takeover Everton is now in added time. Last month, Moshiri assured supporters the deal was “in the home straight”. A source with knowledge of the negotiations said that an agreement had been reached over the money owed to the […]

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The International Monetary Fund warned that an escalating Middle East war could lead to higher oil costs, a reversal in the recent drop in inflation, and a dampening of the optimism on the financial markets. The Washington-based IMF has said that it is closely monitoring the events in the area after Iran’s rocket strike on […]

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After a dramatic drop in Champagne sales, the owner of Moet & Chandon and Krug has a post-pandemic ‘hangover. LVMH, a French luxury goods company, saw its wine and spirits sales plummet 16pc to €1.4bn ($1.2bn), during the first quarter 2024. Dom Perignon and the company that owns it also said on Tuesday that this […]

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Andrew Bailey said that UK Interest Rates will continue to fall over the next few months, amid fears that the US rate cut may be delayed due to stubborn inflation. The Bank of England Governor stated that he had “strong evidence” of continued declines in inflation, despite British job market’s resilience. At the International Monetary […]

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After a series of intense discussions with the Transport Secretary, Alstom secured a vital new order After a series of crisis talks, the largest train factory in Britain will be saved from closure after Transport Secretary Mark Harper signed off on an important new order. Alstom’s Derby plant, which has 3,000 employees and finished its […]

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According to a recent report, tax havens make “glacially” slow progress on transparency measures to combat economic crime. Gibraltar, the only jurisdiction with a fully functional and public beneficial owner register in the UK, was expected to be the first to do so by 2023. The UK Anti-Corruption Coalition, Tax Justice UK and other campaign […]

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Apple’s lead on the global smartphone market was lost at the beginning of 2024. iPhone sales fell by 10% as Chinese competitors such as Xiaomi grew rapidly. According to International Data Corporation’s market research, Samsung has regained the position of the world’s largest smartphone manufacturer by volume in the first three months of this year. […]

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In the two years following 2021, water companies in England & Wales have paid £2.5bn as dividends to shareholders and added £8.2bn net debt. According to the updated numbers, the 16 water monopolies paid out a combined total of £78bn as dividends between 1991 and March 2023. The research is based upon regulatory data, then […]

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Tesla has cut more than 10% of its staff — or at least 14,000 positions — due to a global EV slowdown, and a brutal price war. “We have. . . We made the difficult choice to reduce our global headcount by over 10 percent. . . This will allow us to be lean and […]

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The “blowout report” on retail sales for March sparked an immediate sell-off of US government bonds and sent global currency markets into a frenzy Monday. It was the latest indication that the largest economy in the world may be too hot to justify lowering interest rates. US retail sales in March were higher than expected, […]

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Uniqlo has seen a surge in sales after a “banana bag” that became viral on TikTok. Newly filed accounts show that sales for the Japanese Fashion Retailer’s UK and European businesses increased by 36pc, to more than €1.3bn. (£1.1bn), in the year ending 31 August 2023. The pre-tax profit rose from €77m (£187m) to €187m. […]

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Rishi Sunak, who was seen wearing Adidas Sambas was forced to apologize after fashionistas reacted so strongly. The Prime Minister said to LBC, “I sincerely apologize to the Samba Community.” In my defense, I’d say that I’ve been wearing Adidas trainers, including Sambas, and other brands, for many years. The trend for “terrace style” trainers […]

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Revolut’s UK CEO has warned that London faces the risk of losing its dominance in the fintech industry to New York. Francesca Carlesi stated on April 15, that the threat of losing talent to US companies was “the biggest threat” for Britain’s fintech industry, which has seen a decline in investment over the past few […]

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Heathrow said that forcing airline transit passengers into a scheme where visitors to the UK are required to pay a £10 is “competitive” disadvantage for the hub airports of the country. The electronic travel authorization (ETA) has become a requirement for those who enter Britain without a Visa. The cost is £10, and applicants are […]

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The UK’s biggest investor has cautiously supported Sir Pascal Soriot’s controversial AstraZeneca pay deal, but warned that a successor shouldn’t expect the same treatment. Legal & General voted in favor of plans to increase the pharma chief’s salary to £18.7million, but stated that their support was not unconditional. L&G spokesperson said: “We’ll continue to review […]

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According to CBRE, Spain is now the preferred destination for hotel investors this year. This follows a number of large hospitality deals that have been made in the south European nation. According to a real estate brokerage, the UK has fallen to second place in the list of top investors after being at the top […]

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France and the UK have launched a dispute over fishing rights, after their trawlers had been banned from certain British waters in order to protect sensitive habitats. French diplomats brought up the issue during a meeting of EU Ministers on 19 March, and officials from the European Commission who enforce fishery and trading measures will […]

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Ministers’ decision to impose phytosanitary certifications, plant passports as well as import licences and export certificates. Next month, they will have another form to fill out for animal products, plants and herbs and must pay a “import costs for food would increase by 10% during the first year under the new regime. Phil Pluck, chief […]

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City nerves jangle when FTSE giant feels unvalued Net zero is still decades away, but we have spent endless hours imagining what a world would be like without oil. London’s stock exchange bosses, on the other hand, face a more immediate and worrying oil crisis: namely, life without Shell. After moving to the UK two […]

The post Shell’s exit from the FTSE could cause a dam to break appeared first on Stockmark.IT.

The escalating Middle East crisis threatens to push oil prices to close to $100 per barrel. The RAC has warned that the price of petrol could reach £1.50 a litre if Iran’s attack on Israel causes crude to rise. Oil prices have already reached six-month highs, but analysts expect them to increase on Monday following […]

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The UK seized more than £3bn of bitcoins from China. The group of victims of the £5bn scam perpetrated by the Chinese company Tianjin Lantian Gerui Electronic Technology sent a letter to the Foreign Ministry in Beijing this week asking them to begin negotiations with the UK Government for the recovery of Bitcoin purchased with […]

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IQE’s chip components are in high demand due to the boom in artificial Intelligence. In an update released yesterday, the company said that its order book of wafers was growing and would likely continue to grow. This sparked a jump in share price by 28.8 percent, or 5 3/4p. IQE reported that it had increased […]

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After accepting a £378million offer from a Belgian group of self-storage, it appears that Lok’nStore will be the next British firm to be acquired by an overseas competitor. Shurgard’s offer works out to £11.10 per share, 15.9% higher than Lok’nStore’s closing share price on Wednesday. It is also 2.3% above the peak reached in January […]

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Polar Capital’s figures show that investors are now putting more money back into technology funds after an eight quarter period of net redemptions. The shares of the London-listed specialist investment manager in technology jumped by a fifth following its net inflows totaling £56 million during the last quarter. Polar reported net inflows of £327million in […]

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The UK’s Competition Regulator has expressed “real concern” that Apple, Amazon, and Microsoft are using their dominance of the artificial intelligence world in a manner that could harm customers. The Competition and Markets Authority is currently looking at AI Foundation Models, which are powerful digital engines for AI. These include the large language models used […]

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According to Allianz Trade, consumers will have to pay an additional £2bn for French cheese, Italian oil, and other foods from the continent when post Brexit border checks are implemented at the end this month. Ana Boata’s research, who is the head of economic research for the financial services firm, says that the controls will […]

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It can be revealed that The Telegraph could be in financial trouble if the Barclay Family regained control after the failed takeover supported by the United Arab Emirates. The family’s possible comeback could restrict the company’s access to finance due to suspicious transactions that were discovered when the company was in receivership last year by […]

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Sotheby’s will use works by Picasso, Warhol and Rembrandt as collateral for a bond of $500m (£399m). The auction house has bundled almost 90 loans to art collectors that are linked to artworks into a special bond. Bloomberg reported that Barclays has been canvassing investors to decide what price to charge for the bond. Sotheby’s […]

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Tesco will give a “thank-you” bonus to more than 220,000 workers after the profits of the supermarket rose by nearly 160 percent last year. The largest private employer in Britain announced that it will give out around £70 million, or 1.5 percent of annual salaries, to employees who are paid hourly at its stores, Customer […]

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Asda was forced to release draft results to investors after the auditor failed to sign company accounts. Asda’s managers made the unusual choice to give a private presentation to lenders at the end of last month. Asda announced unaudited profit of £248m on revenues of £25.6bn in 2023. The retailer has a £4.2bn debt load, […]

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Mel Stride says he will ‘do what it takes’ when the Fund calls for radical measures to combat unemployment The International Monetary Fund has urged Britain and other wealthy nations to reduce benefits and taxes in order to combat the crisis of unemployment. Mel Stride pledged to “do what it takes to get Britain back […]

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In a post-Brexit boost to the City, EU rules on research into stock markets that support Britain’s £9 trillion (£9 billion) money management industry are being scrapped. The Financial Conduct Authority is currently consulting on plans to eliminate laws that force fund managers to pay for separate research on UK listed companies. In 2018, EU […]

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Nationalising Thames Water will discourage investment in UK infrastructure. This is the warning of a major bondholder. Royal London Asset Management’s senior fund manager said that taking the heavily-indebted water company under public ownership would “risk spreading contagion” and affecting investment in other projects. Shalin said that forcing Thames Waters creditors to accept losses could […]

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Investors rush to buy British bonds as traders increase bets on the Bank of England cutting interest rates ahead of the US Federal Reserve. The official data showed that the US rose more than expected in march, which was a blow for US rate cuts. The stock markets dropped and borrowing costs worldwide jumped as […]

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After US inflation exceeded expectations, traders slashed their bets on Federal Reserve rate cuts Wednesday. Joe Biden also acknowledged that there was still “more to be done” in combating price increases. After official data revealed a 3.5% increase in consumer price for the period ending March, bond yields increased, stocks fell and markets revised their […]

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Three of the largest commodity traders in the world said that their combined profit of $23bn last year shows they can continue to grow strongly without turning to public markets. Jeffrey Dellapina said that there was “no way” Vitol would consider an IPO. Vitol is the largest independent oil trading company in the world. He […]

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Slug & Lettuce’s owner has expressed concerns about the future of his company as he races to refinance over £2bn worth of debt. Stonegate, UK’s largest pub operator, with over 4,000 locations across the UK, has warned that “material uncertainty” exists about its ability to remain a going concern. The challenge is to refinance 2.2 […]

The post Stonegate owner of Slug & Lettuce scrambles in a panic to plug a £2bn hole appeared first on Stockmark.IT.

A UK energy firm is about to begin drilling in the largest oil field found in the North Sea for at least 20 Years despite a crackdown of net zero on the industry. EnQuest has plans to bring on two fields that have the capacity to produce 500,000,000 barrels of crude over the next decade. […]

The post First time in decades, the biggest oil discovery to come out of the North Sea will be drilled appeared first on Stockmark.IT.

Former Shell head says oil giant is “massively underestimated” in London, and could benefit from moving its listing to US. This is another blow for the UK stock exchange. Ben van Beurden who was responsible for Shell’s shift from The Hague, Netherlands to London, UK by 2022, and the removal its dual-class shares structure, revealed […]

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OpenAI and Meta have announced that they are about to release new artificial intelligence models. These models will, according to them, be able of reasoning and planning. This is a critical step towards machines having superhuman cognition. OpenAI executives and Meta executives announced this week that they were preparing the launch of the next version […]

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BP is expecting a “strong performance” from its trading division, which buys and sold oil. It also expects an improvement in the upstream production and gas of oil and low-carbon fuels. The FTSE group stated in advance of the release of its first quarter results at the beginning of May that “the oil result is […]

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Energy prices dropped from their record highs, resulting in a $2 billion drop in profits for Vitol. According to people familiar with the group’s finances, it has a net profit of $13 billion. This is down from its record profit of $15 billion in 2022. Vitol declined to comment, as it does not reveal its […]

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The wet weather dampened the enthusiasm of shoppers, and the increase in non-essential spending such as clothing was only 1.6%. This is the lowest rise since September 2012. Barclays data shows that in-store retail sales, excluding groceries and clothing, declined by 2.1%. The restaurant sector was particularly affected . In March, spending fell by 12.6% […]

The post Rain is bad news for Dune retailers, but consumers flock to the cinema instead appeared first on Stockmark.IT.

Macquarie, a financial group based in Australia, is a member of the consortium that lends to Thames Water parent company Kemble Water Finance. The fate of the struggling utility could be decided by the lenders last week, including two Chinese state-owned bank, the Dutch ING and Allied Irish Bank. The disclosure of Macquarie’s involvement may […]

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Two of the biggest retail groups in Europe have expressed interest in buying Ted Baker’s European retail business. Frasers Group led by Mike Ashley and Next led by Lord Wolfson, Aspley Guise have contacted administrators of Teneo Advisory in order to discuss the sale of parts or all of the business. No Ordinary Designer label, […]

The post Next, Frasers Group is looking at the stricken Ted Baker appeared first on Stockmark.IT.

Neither Rishi Sunak nor Gordon Brown is a beer aficionado. The former is teetotal and his predecessor all but gave up booze during his time in office. Yet the two prime ministers loom large over the turbulent saga of the UK craft beer scene. Brown, then chancellor, introduced small brewers’ relief in 2002, a tax […]

The post Craft beer in the UK is on the verge of collapse, according to its scene. appeared first on Stockmark.IT.

JP Morgan , the boss of a US bank, has warned the world that it could be in the midst of the most dangerous time since the Second World War. This would put lives at risk and threaten economic growth. Jamie Dimon, in his letter to investors said that the world was “generally” on a […]

The post JP Morgan CEO: Global economic risks could be greater than anything since the Second World War appeared first on Stockmark.IT.

The London office of a tech giant has set up a division for artificial intelligence Microsoft will open a new artificial-intelligence (AI) hub for London, one year after the company’s former president stated that his confidence to invest in the UK was “severely shook”. The division will run by Mustafa Suleyman , Microsoft’s newly appointed […]

The post Microsoft will build an AI hub as part of its £2.5bn UK expansion, despite claiming that the UK is not a good place to invest. appeared first on Stockmark.IT.

The International Monetary Fund has warned that risky lending by shadow banks could trigger a new crisis. The Washington-based organization said that the “opaque private credit” of $2.1 trillion, which has boomed over recent years amid record low interest rates, poses “systemic risk”. Companies that are too big or risky to be financed by commercial […]

The post IMF warns that shadow bank lending could trigger a new financial crisis appeared first on Stockmark.IT.

Taiwan Semiconductor Manufacturing Co., the world’s largest chipmaker, has agreed that its most advanced products will be made in Arizona starting in 2028. This is a major boost for White House efforts to bring manufacturing of semiconductors to American soil. TSMC is upgrading its plans to build a fabrication facility, or fab in Phoenix, Arizona. […]

The post TSMC’s $11.6bn US production agreement boosts Joe Biden AI chip ambitions appeared first on Stockmark.IT.

Citadel, a hedge fund giant, says that oil markets will become “extremely tight”, in the second half this year. This is because Opec+ has control over the market and can keep prices high. Sebastian Barrack said that the cartel had “definitely regained the control” over the Oilmarket at the Commodities Summit held in Lausanne, on […]

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Labour’s policy towards the EU has been a source of tensions. On Monday, the party had to deny that it would re-enter the customs union after winning the general elections. In a paper published by the Eurasia group political consultancy, unidentified “senior Labour Insiders” claimed that the party was planning to revive High-Alignment Deal originally […]

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Elon Musk claims that the new artificial intelligence models’ capabilities will surpass the human intelligence by next year as long as electricity and hardware are available to meet the needs of this increasingly powerful technology. Musk, the billionaire entrepreneur who runs Tesla, X, and SpaceX, said, “I think we’ll probably have AI that is more […]

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Federal investigators launched a new investigation into a Boeing after the engine cowling on a Southwest Airlines plane blew off during flight. The aircraft, which had departed Denver for Houston at 07:00 local time on Sunday morning, returned to Denver and safely landed. It was carrying 135 passengers with six crew members. The aircraft involved […]

The post A Boeing aircraft engine cover is removed from another aircraft. appeared first on Stockmark.IT.

Gold prices hit a record high of $2,353 an ounce Monday morning, before slipping back to around $2,336. Geopolitical tensions and central bank purchases, as well as the looming rate cuts, fueled demand for gold. Interest rate swaps indicate that the market expects the Federal Reserve to cut rates by two percentage points this year. […]

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Tesco, the UK’s largest supermarket and responsible for more than 25% of all food purchases in our country, will unveil its annual financial report on Thursday, shedding light on a market that is rapidly changing. Tesco’s sales are expected to increase by almost 5%, to just over £69bn. The company is gaining market shares as […]

The post Tesco is at the top of food chain, but its rivals are getting hungry appeared first on Stockmark.IT.

The UK government is being urged by consumers to act against the unregulated “buy now, Pay Later” credit. This has led to a rise in online spending of up to £1.7bn per month. Many people use deferred payment to purchase household necessities, warn debt advisers. Consumers who miss payments risk having their cases turned over […]

The post The UK is facing a spiralling debt crisis as the number of ‘buy-now-pay later’ loans quadruples. appeared first on Stockmark.IT.

Sir John Bell, one of Britain’s leading life sciences leaders, warned of an imminent exodus of pharmaceutical companies from London, calling the City “a bad place to raise funds”. Sir John, a veteran of the industry known for his crucial role in the Covid vaccine launch, has said that British biotech companies “will all pack […]

The post Sir John Bell, tsar of life sciences, believes that London is not the best place to raise funds. appeared first on Stockmark.IT.

Billionaires invested $140m into Elon Musk’s rival tech company Synchron Noland Arbaugh, 29, was finally able to do something that was previously impossible. He was allowed to freely use his Neuralink chip. In a video on X (formerly Twitter), Arbaugh said, “I stayed awake until, geez… 6am playing Civilisation VI.” Arbaugh was paralysed eight years […]

The post Bezos, Gates and Bezos are backing a brain chip startup called ‘Black Sheep’ appeared first on Stockmark.IT.

The UK is now dangerously exposed after squandering its most valuable asset. A massive, deserted oil platform lies abandoned in the North Sea. Brent Charlie is the final remnant of the Brent Field – once a huge resource that supplied a third the UK’s oil daily needs. The Brent field was discovered in the 1970s […]

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The UK’s largest long-term retirement and savings business has drawn up plans for a new superfund that will support fast-growing businesses as a boost to Jeremy Hunt. Phoenix, the company that owns Standard Life, has begun creating a multi-billion-pound vehicle for investment. Insiders believe this will boost investment in high growth sectors and increase pension […]

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Vitol is the largest independent commodity trader in the world. It has earned far more profits than its competitors for the second consecutive year, cementing its position as a major player in the global energy market. According to sources familiar with the results of the company, the privately-owned group, whose London-based chief executive made a […]

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Retail insolvencies have risen sharply as businesses are feeling the effects of rising interest rates, higher costs and cautious spending by consumers. According to Mazars the audit, tax, and advisory firm, 2,195 retail outlets collapsed during the past year, a 19% increase compared to the previous year. The Body Shop, in February; fashion brand Ted […]

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Last month in Beijing, the lord Mayor of London met Han Zheng – vice president of the People’s Republic of China. Rishi Sunak, a British economist, warned days later that China was the “greatest threat” to UK economic security. However, the City of London Corporation shows no signs of tension between the two countries. According […]

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Kavango Resources, a mining exploration company, has taken significant strides in its journey towards becoming a prominent player in the industry. Through strategic acquisitions, diversification, and a robust financial backing, the company is well-positioned to capitalize on the favorable market conditions for both gold and copper.

The post Kavango Resources: Leading the Path to Expansion and Exploration appeared first on Stockmark.IT.

A prototype built on Earth has helped a company that hopes to launch the world’s first solar farm in space reach a crucial milestone. Space Solar, based in Oxfordshire, plans to power over a million homes with a mile-wide array of mirrors and panels orbiting at 22,000 miles above Earth by 2030. The system must […]

The post The UK’s first prototype could pave way for energy that is available all the time, even from space appeared first on Stockmark.IT.

Official figures show that the demand for electric cars has dropped sharply, as drivers have shifted to petrol and hybrid vehicles. According to the Society of Motor Manufacturers and Traders, (SMMT), last month saw a decline in the market share of electric cars (EVs). In March, the month that is usually the busiest for car […]

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The financial crisis that has engulfed Thames Water is largely due to two Chinese state-owned banks. Bank of China and Industrial and Commercial Bank of China were among the lenders who backed a £190-million loan that Kemble Water Finance took out, the parent company of Britain’s largest water provider. Kemble is supposed to repay this […]

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Calastone, a data specialist, says that British investors are choosing to invest in US-listed companies over UK stocks. Investors withdrawn a net £823million from UK funds in February, the highest amount since last February. This was the 34th consecutive negative month for UK funds. In the first quarter of this year, PS2.1billion was taken from […]

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As tensions in the Middle East escalated, oil prices rose to above $90 per barrel. US stocks also fell. Brent crude and futures both rose by 1.5 percent on Thursday, reaching $90.65 per barrel. This is the highest price since October. Traders were weighing the possibility of Iran’s reaction to a suspected Israeli strike on […]

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Scientists have called on countries to overhaul prostate cancer testing in order to focus more attention on vulnerable groups. New research predicts that global deaths due this disease will nearly double within 20 years. According to a study published on Thursday, low- and middle-income nations need to be prepared to prevent a dramatic rise in […]

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Hedge funds are swooping on the UK’s £200bn Investment Trust sector, which is being shunned and undercut by cheaper competitors. Investment Trusts have been a cornerstone in UK equity markets for more than 100 years. They are now facing the worst capital raising year they’ve had in 10 years. hedge fund, including Paul Singer’s Elliott […]

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According to the boss of one of London’s largest independent investment banks, the capital markets will be “dead”, if current trends continue. Peel Hunt’s chief executive Steven Fine said that the London market for initial public offering was moribund and there were no signs of revival. He said, “Our industry is a hollowed-out shell in […]

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A survey shows that retail sales have fallen for the past six months and then again in March. This is the longest run of declines outside the Covid-19 pandemic. The survey conducted by BDO, an independent consultancy, revealed that total in-store and internet sales dropped by 2.2% last month. This is the sixth consecutive month […]

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Britain’s Competition Watchdog has officially requested an in-depth probe of the planned £18 billion merger between Vodafone UK & Three. The companies failed to submit any “meaningful” solutions that could have alleviated competition concerns within the deadline required. As a result, the Competition and Markets Authority will continue its phase two review of this proposed […]

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Virgin Atlantic, which almost died during the pandemic in 2009, says that it will achieve record profits this year when passenger numbers return to pre-Covid levels. The Heathrow carrier, owned by Virgin Group of Sir Richard Branson and Delta Air Lines in the US, returned to profitability by 2023, but the heavy debts it had […]

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Rolls-Royce has started flight testing on its most powerful and environmentally friendly business jet engine. The Pearl 10X is a new engine developed specifically for the Dassault Falcon 10X. This aircraft will be in service by 2027. Rolls is building engines for Dassault’s business aircraft, previously powered by Pratt & Whitney. GE, and Honeywell. Rolls […]

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