According to updated data, which gives more weight to healthcare and energy industries, the UK economy has recovered from the Covid-19 epidemic in a better state than was previously believed. Office for National Statistics has now revised its estimate for the annual volume GDP growth for 2020 to 4.8 percent — a 0.5-point increase from […]

Chile’s only steel mill announced that it would close due to competition from cheap Chinese imports. This is a major blow to the government of the country, which had placed tariffs on China in an attempt to save the company earlier this year. The Chilean steelmaker CAP which operates the Huachipato Mill in Chile’s central […]

Cathay Pacific announced that it would spend $13bn in seven years to upgrade its aircraft, airport lounges, and cabins. The airline is trying to regain its reputation after being hit by the pandemic and its position as a global premium carrier. Patrick Healy is the chair of Hong Kong’s flagship airline. He said that it […]

Bill Ackman’s Pershing Square is considering a deal that would delist Howard Hughes Holdings for $3bn, according to regulatory filings. This would represent a significant increase in its investment into the group. Pershing square holds a stake of approximately 38 percent in the real estate firm. Pershing Square has hired Jefferies as an investment bank […]

Italy doubled its flat tax on foreign income for new residents. This is a blow for wealthy expats who are fleeing higher taxes elsewhere in Europe. The cabinet of Prime Minister Giorgia Mello approved on Wednesday a hike in the annual tax on foreign income for new residents in Italy up to €200,000. While the […]

As concerns about the economy grow, US consumers are cutting back on their travel and leisure spending, affecting businesses such as Disney theme parks and Hilton Hotels. The warnings in this week’s earnings reports of several companies are the latest proof that American families are tightening their belts as savings from the pandemic era have […]

After asking its independent advisors on migration to examine the sectors’ dependence on skilled worker visas, Sir Keir’s Starmer government signaled that it wanted to curtail overseas hiring by companies in technology and engineering. Yvette Cooper on Wednesday requested that the Migration Advisory Committee investigate which tech and engineering roles were experiencing shortages. She also […]

Businesses closed early Wednesday morning due to fears of further riots. Judges began handing out prison sentences, which the government hopes will end days of violence by far-right extremists across England. Derek Drummond, aged 58, punched a Southport policeman in the face last week and was part a group that chanted racist chants near a […]

GB News said that it was “closely” monitoring Elon Musk’s lawsuit against advertisers as a sign that it was preparing to file a lawsuit against brands who suspend advertising. Musk has threatened legal action after revealing on Tuesday that X (formerly known as Twitter) declared “war” against a global coalition advertisers and brands for claiming […]

Boohoo, a fast fashion retailer in London’s Soho, is looking to sell its London office as it tries to improve its balance sheet. According to sources in the market, the troubled retailer is looking for offers around £60m (£60m) for its headquarters in the capital just three years after spending £72m (£60m) on the building. […]

Cancer is no longer viewed as a disease that only affects the elderly. In the G20 industrialised nations group, an analysis conducted last year revealed that rates of cancer among young people are increasing faster than those among older adults. Scientists at the American Cancer Society confirmed this trend in a broader range of cancers. […]

On Wednesday, Chancellor Rachel Reeves is meeting with the heads of large pension schemes in Toronto. She wants to implement a “Canadian model” in the UK where massive retirement funds invest in equity and infrastructure. Reeves wants to unlock the investment potential of the £360bn preview listener “true”>local government pension scheme, which has more than […]

Coca-Cola’s dispute with US tax authorities, which has lasted for a decade, could now amount to $16bn, or enough to wipe out an entire year and a quarter of profits. The figure is expected to rise by $1bn per year. According to a harsh court ruling, the soft drink maker has hidden “astronomical” levels of […]

H2O Asset Management agreed to pay €250mn in compensation to investors, after the UK Financial Conduct Authority determined that it had committed “serious violations” with regard to illiquid investment. H2O, once a leading star in the European investment industry that managed more than €30bn of assets at its height, was plunged into a crisis after […]

Elon Musk’s social media platform X, sued a global ad alliance on Tuesday, along with several major companies including Unilever Mars and CVS Health. The lawsuit accused them of conspiring unlawfully to shun and deliberately cause the social network to lose revenue. The company that was formerly Twitter accused defendants of a massive advertiser boycott. […]

Vacation rental company Airbnb reported on Tuesday a second-quarter profit that was lower than Wall Street expectations, citing a weaker demand from US clients. After the bell, shares of the company fell by about 12%. Since the beginning of the year, domestic travel has been under pressure in the United States as Americans become more […]

The data protection regulator announced that a software provider could be fined over £6m for a 2022 attack on ransomware which disrupted NHS services and social care in England. The Information Commissioner’s Office said that it had found, provisionally, that Advanced Computer Software Group failed to implement any measures to protect personal information for 82,946 […]

The Royal Mint unveiled an “innovative” factory which will recover gold from electronic scrap, allowing the manufacturer to create a sustainable source of precious metals for its luxury jewellery collection. The factory, located in south Wales and under construction since March 20, 2022, will extract gold from 4,000 tonnes of circuit boards per year sourced […]

CrowdStrike has reacted to Delta Air Lines’ threats of legal action against the cyber-security company for a botched update that caused thousands of flights to be grounded, denying the company was responsible for its own IT decisions or the days of disruption. In a letter sent on Sunday, lawyers from CrowdStrike claimed that US carriers […]

Charles Schwab and Vanguard, as well as Fidelity, experienced outages in their trading platforms Monday, preventing some retail investors from being able to trade. This was during one of most severe market declines seen in recent years. After the opening of the markets, both S&P 500 indices and Nasdaq indices fell sharply, led by big […]

The US Department of Justice has won a major victory in its fight against Big Tech. A US federal court ruled that Google spent millions of dollars on exclusive agreements to maintain a monopoly in search. Amit Mehta was the judge in Washington who presided over a four-year old case. He called Google “monopolists” in […]

Economists warn that investors are exaggerating risks of a global economic meltdown. If central banks do not contain the fallout then their fears will become self-fulfilling. The sell-off of global stocks gained momentum on Monday, as traders worried the US Federal Reserve would take too long to reduce interest rates after last week’s poor jobs […]

Boom Supersonic’s founder explains why air travel will be at 1,300mph in the future. The founder of a company that is seeking to build the successor to Concorde, has reacted to “flight shame” activists calling for an end to mass travel. Blake Scholl of Boom Supersonic said that the call to reduce flights in order […]

PwC lost dozens big clients in China, as Beijing officials pressed state-owned companies to cut ties with the auditing firm over its work with Evergrande. Reuters reports that the Chinese Ministry of Finance has been giving “window instructions” — unofficial verbal instructions — for the last few months to some of China’s largest state-owned financial […]

Elon Musk filed a new lawsuit against OpenAI, the maker of ChatGPT and its CEO Sam Altman. He accused the company of “perfidy” and “deceit of Shakespearean proportions”. Musk’s latest attack on OpenAI, the company he founded in 2015, accuses it of putting profits and commercial interests before the public interest. Musk says Altman “courted […]

Commentators and institutional investors wondered if the first global sales drop since the pandemic was the result of a larger malaise. Chris Kempczinski’s chief executive acknowledged that “it is clear that our leadership in value has shrunk”. Chris Kempczinski, chief executive of McDonald’s, acknowledged that “it is clear that our value leadership has recently shrunk” […]

Just two months earlier, the outlook for Japanese stocks had never been brighter. June Aitken stated that there was “a compelling argument for long-term investments into Japanese equities.” The London-listed CC Japan Income and Growth Trust is one of the easiest ways UK investors can buy into the Tokyo stock market. She said that a […]

Warren Buffett’s stock-holding empire has suffered a loss of at least $15bn in the midst of a global market sell-off. Apple, Bank of America, and Mitsubishi all saw their stock values plummet on Monday. This decline is despite the fact that Mr Buffett’s investment firm has built up significant cash reserves by cutting its stock […]

Asda’s chief Mohsin Issa announced an emergency cash injection of £30m amid an alarming drop in sales at the troubled grocery chain. The investment package will be implemented by the end of this year. It will increase staffing hours, improve customer service and boost the level of customer satisfaction. Asda is the only major retailer […]

Jaguar Land Rover is one of a number of luxury carmakers that have been severely affected by the flooding in Switzerland, which paralyzed a leading aluminium manufacturer. After Novelis – an Indian manufacturer with a mill located in the alpine town of Sierre – was forced to close its operations at the end June, the […]

The boss of Britain’s best-known steakhouse has warned that British farmers do not believe in “honor and profit” when it comes to agriculture. Will Beckett said that the UK is facing a “massive” problem because too many farmers are leaving the industry. Mr Beckett stated: “I believe it is right to say Britain has a […]

The UK government’s decision to call in and review Daniel Kretinsky’s £3.57bn takeover bid for the Royal Mail comes as no surprise. The Cabinet Office, with assistance from the Department for Business and Trade, is set to examine the Czech billionaire’s offer for the shares he does not already own in the national postal service’s […]

ReNeuron Group PLC (AIM:RENE, OTC:RNUGF), a stem cell-derived exosome-based drug delivery platform developer, is currently seeking new investors to enable the company to trade as a going concern following its exit from administration. The company’s proprietary CustomEXâ„¢ platform can be optimized for specific tissue targets and payloads, leading to improved therapeutic outcomes and reduced off-target […]

Metro Bank, once known for its flamboyant branch openings and prominent high street presence, is undergoing a strategic shift under the leadership of Dan Frumkin, the American turnaround specialist who took the helm as chief executive in 2020. In a recent interview, Frumkin revealed that the bank’s priorities are now centred on attracting small business […]

The NHS is facing a troubling situation as newly qualified nurses are finding it increasingly difficult to secure entrance-level positions due to budget cuts forcing the organisation to reduce vacancies by a staggering 25%. This revelation, brought to light by The Independent, underscores the financial strain the healthcare sector is grappling with, leading to job […]

In a groundbreaking study, researchers from the University of Leeds have harnessed the power of artificial intelligence (AI) to identify early-stage bowel cancer patients at the highest risk of disease recurrence. This innovative approach could not only help doctors make more informed decisions about patient care but also spare some individuals from unnecessary chemotherapy. The […]

The magnificent seven, a group of technology stocks that has dominated the US stock market, has experienced a tough week as doubts about the return on artificial intelligence (AI) investments, mixed quarterly results, and weak US economic data have taken their toll. Microsoft, Amazon, Apple, Nvidia, Alphabet (Google’s parent company), Meta (Facebook’s owner), and Tesla […]

As the race to deploy small modular reactor (SMR) technology in Britain intensifies, Rolls-Royce finds itself at the forefront of this transformative endeavour. The FTSE 100 engineering giant is now considering selling a stake in its SMR venture to raise fresh funding and accelerate its progress towards becoming the first company to implement this groundbreaking […]

In a significant development for blood cancer patients in England, the NHS has announced the approval of zanubrutinib, a revolutionary ‘take-at-home’ tablet for treating marginal zone lymphoma (MZL). This milestone marks the first time an oral medication has been given the green light for blood cancer treatment, offering hope to patients who have not responded […]

In a surprising move, Warren Buffett’s Berkshire Hathaway has sold off a substantial portion of its Apple shares and bolstered its cash holdings, raising questions about the company’s outlook on the US economy. The conglomerate’s cash reserves have surged to an impressive $227bn, despite posting a record quarterly operating profit. During the second quarter, Berkshire […]

In a shocking revelation, it has come to light that the UK government’s flagship scheme to promote research and development has been marred by widespread abuse, resulting in a staggering loss of over £4bn due to fraud and error since 2020. The research and development tax credits scheme, designed to foster world-leading innovation and boost […]

In a groundbreaking medical development, a seven-year-old boy from Gosport, Hampshire, has become the first patient in the United Kingdom to undergo robotic surgery for a kidney condition. Reece Wilton underwent the pioneering operation at Southampton Children’s Hospital (SCH), part of University Hospital Southampton (UHS), using the state-of-the-art Versius Surgical Robotic System. Reece was diagnosed […]

British Airways, the owner of British Airways, will pay its shareholders a dividend for the first since the outbreak of the pandemic. The company has enjoyed a successful first half of 2024 with a positive outlook for the remainder of the year. International Consolidated Airlines Group announced its results alongside the announcement that it will […]

Intel plans to cut 15,000 positions as it attempts a revival of its manufacturing operations that have fallen behind the development and artificial intelligence. In New York, the shares of American chipmaker were down more than 20% in pre-market trade after it announced on Thursday night a drastic plan to reduce costs and warned that […]

David Beckham’s gaming group is fighting for its survival, less than four year after it joined the London Stock Exchange. Guild Esports – which runs teams competing in Fortnite, Tekken and other video game competitions – has told shareholders it must raise additional funds and reduce costs as it has only £25,000 in its account. […]

After the Bank of England lowered rates for the first in over four years, the pound and FTSE 100 both fell dramatically. According to central bank forecasts, the economy is expected to grow much faster than originally thought this year, but the rate of growth over the long-term is still significantly lower than the target […]

Apple exceeded Wall Street’s expectations in the fourth quarter, as a rise in demand for iPads and Macbooks compensated for a drop in iPhone sales. The most valuable company in the world, valued at more than $3 trillion on the stock exchange, has reported a total revenue of 85.5 billion dollars for the three-month period […]

Brussels warned the UK that it must implement the existing Brexit agreements regarding Northern Ireland, and the rights for EU citizens in Britain, if it wanted to improve its relationship with the bloc. The Prime Minister, Sir Keir starmer, has stated that his government is seeking to improve the UK’s relationship with the EU by […]

In response to the growing backlash against mass tourism, Spain’s Valencia region in the south has joined a growing list of governments that are cracking down on holiday rentals similar to Airbnb. The regional government overseeing beach hotspots such as Benidorm, Alicante and others is trying to eradicate black-market rentals. It has threatened to fine […]

Carpetright collapsed in debts worth almost £345m. More than half are owed by customers, suppliers and landlords, as well as other unsecured creditors. Administrators from PricewaterhouseCoopers, who were called in to the retailer this month, said unsecured creditors, including the technology group Microsoft and the carpet suppliers Condor and Betap, were owed £213m and that […]

Chip designer Arm Holdings on Wednesday reported a stronger-than-expected 39% surge in quarterly revenue, and forecast fiscal second-quarter sales broadly in line with Wall Street estimates, yet its shares fell about 9% in extended trading. According to LSEG, Arm’s second-quarter revenue is expected to range between $780m (USD) and $830m (USD), compared to an analyst […]

Boeing named aerospace industry veteran Robert “Kelly” Ortberg its new President and CEO, as it fights to repair and shore up the business. The company is facing its biggest safety crisis ever since the deadly crashes of 2018, and 2019, that killed 346 people. This is not a paid-for wall – you can still read […]

Shell, a London-listed competitor of BP, has reported better-than-expected profits and extended its multi-billion dollar share buyback program. The adjusted profits of Europe’s largest oil and gas company increased by 24 per cent during the second quarter to $6.3 billion, from $5.1 billion. This was ahead of expectations of $6 billion. The shareholders were rewarded […]

The housing market is “relatively stable” despite the fact that many people still struggle to buy their first home. According to Nationwide, Britain’s third largest mortgage lender, the average house price has increased by 2.1% compared to this time last. This is the biggest increase year-on-year since December 2022. Kwasi and Liz Truss “mini-budget” shocked […]

Barclays posted a better-than expected first-half profit and announced a cash return of £1.2 billion to its shareholders. Its boss said that the turnaround plan was on track. The FTSE 100 lender’s pre-tax profit in the six-month period to the end June fell by 8 percent to £4.2 billion, exceeding City analysts’ expectations for a […]

Adidas admits that it made a mistake in using Bella Hadid as a supermodel to promote a retro trainer brand dating back to the 1972 Munich Olympics. Bjorn Gulden is the chief executive of Bjorn Sportswear, a German sportswear company. He said that they were reviewing their procedures to avoid such mistakes, but also added […]

Bank of England cuts interest rates first in four years. This is a relief for millions of homeowners, and families who are still struggling with the rising cost of living. After holding borrowing costs at their highest level for more than 20 years, the nine-member monetary policy group (MPC), which is responsible for setting the […]

Facebook and Instagram’s owner beat Wall Street estimates for sales on Wednesday night, as it sought investors’ concerns about the billions it spends on artificial intelligence. Meta Platforms’ revenue in the second quarter, which is the world’s biggest social media company, grew by 22 percent to $39.07 Billion in the three-month period ending in June, […]

The government scrapped a “Tell Sid-style” sale of NatWest share to the public amid fears it could have cost taxpayers up to £450 million. In November, the previous Conservative government floated the idea of selling a part of the nearly 20 per cent state stake in FTSE 100 to individual investors. Rachel Reeves, however, revealed […]

BDO and Forvis Mazars were warned they could be banned from signing the accounts of their largest clients if their quality of audit work doesn’t improve. The Financial Reporting Council has once again scolded the two accounting firms that are respectively the fifth and six largest auditors in Britain for their work during the last […]

Prada, the Italian luxury fashion company, defied the slowdown in the luxury sector by reporting double-digit revenue increases in the first six months of the year. This was fueled by the booming sales of its Miu Miu brand and an increase in sales in Japan. The company reported on Tuesday that net revenues increased by […]

St James’s Place announced higher profits and received more money from its customers than expected during the first half of the year as it laid out plans to cut costs. Shares in the UK’s biggest wealth manager rose by 20 percent. Mark FitzPatrick, chief executive of SJP, said that the company would cut £100mn per […]

The Eurozone’s economy grew faster than expected, by 0.3 percent in the second quarter. This has allayed fears that the fragile recovery is losing steam. The growth rate of the gross domestic product on Tuesday was 0.3 percent higher than the Reuters polled economists, who had expected a slight slowdown to 0.2 percent. The European […]

Diageo’s head has warned consumers that they are in an “extraordinary” environment, as the company reported its first drop in global sales since 2020. The company that makes Smirnoff, Casamigos, and Johnnie Walker whiskey expects consumer pressure to continue in the months ahead, echoing the warning issued by fast-food chain McDonald’s Monday. Debra Crew, chief […]

   Metals One is embarking on an exciting journey with its helicopter-supported drilling program at the Rana Project in Norway. This initiative aims to explore nickel, copper, and cobalt mineralization, potentially paving the way for significant mining developments. Table of Contents Introduction to Metals One and the Rana Project Overview of the Joint Venture […]

  In this insightful interview, Nick Tullock, the CEO of Voyager Life, shares exciting updates about the company’s helium projects and plans following his recent site visit to Kansas. With promising well results and a strong operational framework, Nick discusses the future of helium production and its implications for investors. Table of Contents How was […]

The Ministers will shift housebuilding targets from Labour-supporting large cities to more rural Tory corelands and stop local councils from blocking development because it is “out of character” in their surroundings. London’s housing industry has always considered the London target to be unrealistically high. The new Labour government is lowering it. The UK government announced […]

BP shareholders will receive a payout of several billion dollars this year, after the oil giant announced better-than-expected quarterly profits of nearly $2.8bn. After reducing its green investments, the oil company angered environmental groups by approving the development of potential oil reserves of 10bn barils from the Kaskida Project 250 miles south-west New Orleans. It […]

Standard Chartered bosses say that fears of a China-US trade war under a second Trump presidency are exaggerated. They said the real estate problems in the country were “largely behind us”. Bill Winters, the chief executive of the London-based bank, has played down any impact the strained relationship between Washington and Beijing may have on […]

Rachel Reeves cut winter fuel payments to 10 million pensioners who are wealthier. She did this in order to plug the £22bn hole that she claimed was “covered up by the Conservative Government” and hinting towards tax increases in her first Autumn Budget. She also axed the long-delayed limit on the amount people will pay […]

Rachel Reeves accused Jeremy Hunt on Monday of lying about the condition of the public finances. This escalated a dispute with the Conservatives, who claimed that they had left a £22bn deficit. The chancellor said that her predecessor had “knowingly and intentionally… lied” about public spending to the MPs and country. “Jeremy Hunt hid the […]

Greggs increased its prices for certain items. This includes an additional 5p per sausage roll and the vegan equivalent. Roisin Currie said that the Newcastle-based company had raised prices on some products in recent weeks, including cheese sandwiches. She added that it was under increasing pressure due to a rising wage bill. She said Gregorys […]

According to official statistics, Germany is also heading towards a recession. The Utopia of the Seas, built in Saint-Nazaire by Royal Caribbean for the cruise ship operator, added €1bn to the French economy, contributing to a 0.6% increase in trade and 0.3% in gross domestic product in the three-month period ending June. Eurozone increased by […]

Labour’s drive to make the UK an “island” of stability seems to have been perfectly timed. Rachel Reeves is promoting Britain as an investment destination that has recently become more stable. The new Chancellor will encourage international business to “take a second look at Britain” at the G20 in Brazil. She will declare that “after […]

McDonald’s sales have dropped for the first since the pandemic, as customers avoid more costly Big Macs. Fast food chain reports a 1pc drop in global sales for the three-month period ending June 30 – first decline since end 2020 when stores were shut during lockdown. A Big Mac’s price has risen by 60pc from […]

After Labour’s overwhelming victory in the general election this month, optimism among senior executives of some of Britain’s largest businesses has increased. According to Deloitte’s latest survey, chief financial officers are more willing to take on risk, and their concerns about uncertainty have receded sharply. They also expect revenue growth. In the closely-watched survey, which […]

Arthur Mensch is a Paris celebrity. The entrepreneur, who is also the chief executive officer of Mistral (Europe’s answer to OpenAI), has become a celebrity not only in Silicon Valley but in his own country. Mistral, named after the cold, strong wind that blows out of southern France and into the Mediterranean Sea, is described […]

The share price of Reckitt Benckiser has fallen to its lowest level in 10 years after a US Court ruled that a rival Abbott Laboratories’ formula caused a girl to develop serious bowel problems. The shares of the British Consumer Goods Group, who is also facing legal action for its Enfamil product, fell by around […]

In this week’s edition, we explore key market movements and trends across major indices and notable stocks. From the FTSE 100’s breakout to insights on Bitcoin and gold, we provide a comprehensive analysis for investors looking to navigate the current market landscape. Table of Contents Introduction to Market Overview FTSE 100: Breaking Out of the […]

In this comprehensive report, we delve into the 2024 interim results of Premier Miton Group PLC, highlighting significant financial metrics, recent acquisitions, and the outlook for the future. The insights presented here are crucial for investors looking to understand the company’s performance and strategic direction. Table of Contents Introduction Company Overview Assets Under Management Financial […]

The Annual General Meeting (AGM) of Supply@Me Capital PLC provided important updates on the company’s financial status, funding commitments, and future strategies. This report covers key discussions and decisions made during the meeting, focusing on the challenges faced by the company and its plans for recovery. Table of Contents Opening Remarks and Introduction Introduction of […]

In this investor report, we provide a detailed analysis of ZIGUP PLC’s full year results for 2024, highlighting key financial metrics, strategic initiatives, and future outlook. This report aims to inform stakeholders about the company’s performance and strategic direction. Table of Contents Introduction to ZIGUP PLC Overview of Financial Performance Revenue Growth Analysis Profit Before […]

This investor report provides an in-depth analysis of NAHL Group PLC’s financial performance and strategic developments for the fiscal year ending December 31, 2023. With a focus on growth in both Consumer Legal Services and Critical Care divisions, the report outlines key highlights, financial reviews, business strategies, and future outlook. Table of Contents Introduction Highlights […]

In this comprehensive investor report, we delve into the final results of Cambridge Nutritional Sciences PLC for the fiscal year ending March 31, 2024. The report highlights significant financial metrics, operational strategies, and growth plans that position the company for future success in the personalized health and wellness market. Table of Contents Introduction to the […]

In this comprehensive investor report, we delve into the recent presentation by FRP Advisory Group PLC, where key insights about the company’s performance, strategic direction, and market outlook were shared. The discussion encompasses financial highlights, service offerings, and future opportunities as the firm positions itself for sustainable growth amidst evolving economic conditions. Table of Contents […]

GoviEx Uranium Inc. is making significant strides with its Muntanga project in Zambia while navigating challenges related to its Madaouela project in Niger. CEO Daniel Major provides insights into the company’s strategic direction and project developments amidst changing regulatory landscapes. Table of Contents Introduction to GoviEx Uranium Recent Developments in Niger Focus on the Muntanga […]

Triangle Energy is poised to make a significant impact in the North Perth Basin with the upcoming Booth-1 drilling, marking the first well to be drilled in the company’s permits in 30 years. This report outlines the key aspects of the drilling program, including prospective resources, drilling timelines, and future plans. Table of Contents Introduction […]

First Phosphate Corp has recently concluded an extensive drilling program at its Bégin-Lamarche Project, revealing promising phosphate mineralization. This report delves into the details of the project, key findings, and what the future holds for the company and its stakeholders. Table of Contents Introduction to First Phosphate Corp Overview of the Drilling Program Investment and […]

  In this blog, we delve into the exciting plans of Panther Metals as they embark on six significant drill campaigns over the next year. CEO Darren Hazelwood shares insights into the company’s strategic approach to exploration and their vision for building shareholder value amidst a challenging market. Table of Contents Welcome and Introduction Background […]

 In this insightful interview, Danny Roberts discusses the latest developments at Abcourt Mining, including the success of their Sleeping Giant project and future production goals. He shares insights into their recent gold pours, exploration efforts, and plans for becoming self-sustaining within the next year. Can you give us an update on the Sleeping Giant […]

In this analysis, we delve into the recent performance of Pennpetro following its significant royalty deal. With shares experiencing notable growth, we explore the factors influencing this momentum and potential future targets. Introduction to Pennpetro’s Recent Performance Pennpetro has recently caught the attention of investors. The company’s shares have shown significant movement, sparking interest in […]

Ed Miliband, the UK’s energy secretary, announced the partnership between GB Energy, a state-owned company, and Crown Estate on Thursday. The partnership is touted as a means to speed up the construction of thousands of offshore turbines over the next few years. Miliband argues that an increase in domestic clean energy will improve Britain’s security […]

OpenAI launches an online search engine in direct competition with Google. This opens up a whole new front in the race for commercialisation of advances in artificial intelligence. The San Francisco-based firm opened a waiting list of 10,000 people on Thursday to test its experimental product. The product looks different from ChatGPT because it offers […]

Bill Ackman’s fundraising target for his US investment fund Pershing Square USA has been slashed by up to 90 percent, falling well short of his initial target of 25bn. In a letter to the Securities and Exchange Commission, the billionaire hedge fund manager stated that he anticipated raising between $2.5bn and $400bn. However, the total […]

Unilever, owner of Marmite, Dove and Ben & Jerry’s, defended the price increases despite a higher-than-expected profit increase of 17%. Unilever, a London-based company, announced that its profit margins increased 2.5 points to 19,6% in the first half of the calendar year. This was well ahead of analyst estimates. Prices rose by 1.6%. The underlying […]

The cybersecurity firm CrowdStrike tried to give a $10 UberEats gift voucher as a thank you for the workers who helped fix the recent global outage, but Uber flagged it as a possible fraud. CrowdStrike has confirmed that the $10 voucher was sent to “teammates” and “partners” who assisted customers affected by an incorrect software […]

Clifford Chance’s top partner pay increased by £40,000, to an average of £2,04 million. The City law firm has reported its best financial results in seven years. The company “magic circle”, announced that its revenue for the fiscal year ending at the end last April increased by 9 percent to £2.3 billion. This is the […]

Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla. The Nasdaq Composite dropped by 3.6% to a new low for the month, and the S&P500 fell by 2.3%. The so-called Magnificent 7, a grouping of high-performing US technology […]

ITV’s first-half profits grew by 40 percent thanks to the Euro 2024 soccer tournament, strong dramas and an increase in advertising. The UK’s largest commercial free-to-air broadcaster reported adjusted profits of £213million, but revenue was down by 2 per cent to £1.6billion compared to the same period in last year. ITV chief executive Dame Carolyn […]

Revolut secured the long-awaited bank licence from City regulators. This will allow it to compete with high street banks, and improve consumer protections in Britain for millions of Revolut customers. The Financial Technology Group had tried for three years to get a license from the Prudential Regulation Authority of the Bank of England. This was […]