Doubleview Gold is making progress, in its exploration work at the Hat Property specifically targeting the potential Lisle Zone. Through a drilling program the company plans to improve its mineral resource assessments and get ready for upcoming development projects.

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Fulcram Metals, a company focused on innovative mining solutions, has successfully raised £758,000 through a placing at 8 pence per share. The funding, which includes significant contributions from existing investors and directors, is set to propel the company’s ambitious project developments. CEO Ryan Mee expressed his satisfaction with the successful fundraising, despite acknowledging the significant […]

The post Fulcram Metals Secures £758,000 in Funding to Advance Tailings Project appeared first on Stockmark.IT.

In a pivotal move, Mkango Resources is steering towards becoming a leader in the recycling of rare earth magnets, alloys, and oxides through its majority-owned subsidiary, Maginito. They are spearheading the commercialisation of patented Hydrogen Processing of Magnet Scrap (HPMS) technology, setting the stage for an impressive rollout in the UK and beyond.

The post Mkango Marks Strategic Progress in Rare Earth Magnet Recycling appeared first on Stockmark.IT.

Oakmount & Partners Ltd, a prominent investment firm, is on the cusp of realising significant returns as InterGroup Mining prepares for its listing on the Toronto Stock Exchange (TSX). Glenn King, the managing director of Oakmount, recently shared insights into the company's latest developments and future strategies.

The post Oakmount Partners Poised for Growth as InterGroup Mining Nears TSX Listing appeared first on Stockmark.IT.

National Grid PLC, the company responsible for operating Britain's electricity grid, is set to sell its electricity system operating (ESO) to the government, marking a significant shift in the energy landscape. This move will see control of the grid return to public hands for the first time since the 1990s.

The post Britain’s Energy Grid Goes Public: Will It Bring Lower Bills and Faster Renewables? appeared first on Stockmark.IT.

According to reports, the founder of Revolut – one of Europe’s most valuable technology firms – has sold shares in the company worth up $300m (£230m). Nik Storonsky is the chief executive officer of Revolut. He sold between 40 and 60% of the stock that was sold in last month’s second share sale. Sky News […]

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The Office for Budget Responsibility’s crystal ball shows that Britain will be a very different place in 50 years. It is indeed grim. The government’s independent watchdog on spending predicts that if policies remain unchanged, national debt will rise from under 100% of gross domestic product (GDP) to 274% in the mid-2070s. There is no […]

The post Can UK avoid the national debt nearly tripling in next 50 years appeared first on Stockmark.IT.

Fever-Tree’s boss is committed to keeping Fever-Tree listed in London even though its share price has been falling and now the United States generates the largest portion of the company’s revenue. Tim Warrillow launched the high-end mixing brand with Charles Rolls 20 years ago. He said there was no plan to follow the exodus from […]

The post Fever-Tree announces London listing after shares fall to eight-year low appeared first on Stockmark.IT.

A publisher from the United States has entered the auction to purchase The Daily Telegraph at the last stages. The New York Sun owner, an American website with a right-leaning news agenda, expressed interest in acquiring the Sunday Telegraph and broadsheet. Semafor reported that Dovid Efune was bidding on behalf of hedge fund manager Michael […]

The post Owner of New York Sun bids for Telegraph Newspapers appeared first on Stockmark.IT.

The European Central Bank has cut interest rates a second year in a row amid growing concerns over a possible recession in the Eurozone. The 20 central banks that use the Euro lowered their main deposit rate on Thursday by a quarter-point to 3.5% from 3.75. This move was widely anticipated and follows the ECB’s […]

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John Lewis Partnership said that it was on track to grow profits “significantly” this year, after recovering the “buzz”, and cutting losses while refocusing on its core business. The employee-owned partnership that owns the Waitrose supermarket chain and John Lewis department store said the total revenue rose by 2 percent to £5.2 billion during the […]

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The Bank of England has diluted new capital rules designed to shockproof the banking system against another 2008-style collapse, a move that the Labour government claims will boost their economic growth plans. The regulator stated that it had made “substantial” changes to its earlier proposals. This means UK banks will not be required to set […]

The post Bank of England backs down on plans to introduce tougher capital regulations for UK banks appeared first on Stockmark.IT.

Spread-betting specialist IG Group has reported a 15% increase in revenue for its first quarter. This was driven by increased trading activity, as customers tried to take advantage the market turmoil that occurred in August. The FTSE 250 firm posted revenues of £278.9 millions in the three-month period ending August 31. This is up from […]

The post IG Group gains from August’s market turmoil appeared first on Stockmark.IT.

Stellantis will stop production of its electric Fiat 500 for four weeks due to a lack in orders from Europe. The Franco-Italian firm, which owns Citroen Vauxhall Peugeot, announced that production will be suspended on Friday. Carmakers have been forced to adjust their plans for EVs due to a global slowdown of sales. This is […]

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Inditex has recovered from a slow summer start, resulting in a record-breaking profit for the first six months of the year. Zara’s Spanish owner reported sales of £18.1 billion for the six-month period ending in July. This is up 7.2% from the same time in 2023. The pre-tax profit rose more than 10.6 percent to […]

The post Inditex’s profits are a model for fashion rivals appeared first on Stockmark.IT.

Grangemouth, Scotland’s only remaining oil refinery, will close in the next year. This will result in the loss of over 400 jobs and leave the UK with just a few refineries. It also increases the UK’s dependence on imported fuel. Petroineos, the site’s owner, is a joint venture of Sir Jim Ratcliffe Ineos with PetroChina. […]

The post Grangemouth Oil Refinery to Close Next Year with 400 Job Losses appeared first on Stockmark.IT.

The shares of BMW fell after the automaker announced it would have to recall 1,5m vehicles due to a brake problem. This will cost it nearly €1bn. The German manufacturer stated that its annual earnings will be significantly lower than anticipated, as the problem with the brake system has now been discovered to be much […]

The post BMW shares drop to a four-year low after recall of 1.5m vehicles announced appeared first on Stockmark.IT.

The British steel industry has been warned that 2,500 jobs will be lost at the Port Talbot Steelworks. Thousands more are at risk across the UK as the government prepares to offer taxpayer-funded deals for the south Wales facility. Jonathan Reynolds is expected to announce on Wednesday the details of the rescue deal that will […]

The post British Steel Industry Prepares for 2,500 Job Cuts at Port Talbot as Government Deal appeared first on Stockmark.IT.

Last month, households increased their grocery expenditures by stocking up on essentials for lunchboxes. Inflation in Great Britain’s supermarkets dropped. Kantar, a retail analyst, says that the rate of inflation in grocery prices fell from 1,8% last month to 1,7% during the four-week period ending 1 September. However, nearly 60% of consumers are concerned about […]

The post The increase in grocery shopping is due to the back-to-school season. appeared first on Stockmark.IT.

John Textor may offer Everton supporters the opportunity to purchase shares if he is successful in his bid of £600m to take control away from Farhad Moshiri. The American is getting ready to list his Eagle Football Group, which includes Lyon, Botafogo Brazil and RWD Molenbeek in Belgium. It also has a 45% share in […]

The post Everton supporters could be able to purchase shares in the club if Textor completes takeover appeared first on Stockmark.IT.

A left-of centre thinktank is urging Rachel Reeves to announce in the budget next month changes to capital gains, inheritance tax, and national insurance that would raise over £20bn per year for Treasury. The Resolution Foundation, which is a non-profit organisation that promotes social justice and equality in society, said that the chancellor was looking […]

The post Reeves is urged to change tax laws ‘to raise over £20bn per year’ appeared first on Stockmark.IT.

Renovation projects can be stressful. You can watch any popular TV show featuring people with great ideas, and see the sanity of the characters disintegrating. These tips will help you manage your project successfully and also enjoy it. You can easily get carried away with a great idea. However, you shouldn’t start working until you […]

The post Enjoy the journey as you renovate your home. appeared first on Stockmark.IT.

Rightmove, Britain’s largest property listing company, rejected an initial cash-and-shares bid from Australia’s REA Group, which valued the UK business around £5.6bn. REA, controlled by Rupert Murdoch’s News Corp., stated that its initial proposal valued Rightmove’s shares at 705, a premium of 27 per cent to the UK firm’s share price before the Australian company’s […]

The post Rightmove rejects Murdoch’s REA’s offer of £5.6bn appeared first on Stockmark.IT.

The Red Bull Formula One team has signed renowned designer Adrian Newey to join the Aston Martin Racing Team. This is a major coup for Canadian tycoon Lawrence Stroll who wants to win the world championships. According to sources familiar with the matter, the British aerodynamics specialist’s salary will exceed £20mn per year. He will […]

The post Aston Martin F1 signs Newey, a former Red Bull aerodynamics expert, in a £20mn deal appeared first on Stockmark.IT.

Investors say that the Bank of England, when it announces its plans to reduce the size of the balance sheet in the coming week, should expand the types of bonds it offers to increase market liquidity. In the last two-and-a half years, the BoE’s gilts portfolio has been reduced from £875bn (which was inflated by […]

The post BoE is urged to increase the sale of short-dated Gilts in order to boost market liquidity appeared first on Stockmark.IT.

China is racing with the West to commercialise the revolutionary clean energy. A Shanghai-based start-up wants to raise $500mn for the development of cheaper nuclear fusion technologies. Since decades, nuclear fusion – where hydrogen isotopes fuses after being heated at extreme temperatures and releasing energy – has the potential to produce abundant emissions-free power without […]

The post Chinese startup aims to achieve nuclear fusion for half the price of US competitors appeared first on Stockmark.IT.

Mountain Warehouse is planning to open 50 new stores in the UK next year, despite fears that the high street will die. Outdoor clothing chain, The Outdoor Clothing Company, has announced a massive expansion of its physical stores in Britain as well as overseas. This is due to the surge in demand for shopping in […]

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Gamma Communications, after reporting strong results for the first half of the year, is considering moving to London’s main stock exchange. Aim’s telecoms services provider, with its size, could join the FTSE 250 Mid-Cap Share Index. The company reported an interim profit before tax of £48.5million for the six-month period ending June 30, up 11% […]

The post Telecoms services provider eyes a move upmarket appeared first on Stockmark.IT.

AstraZeneca has suffered a setback after disappointing late-stage results from a lung cancer drug that was closely monitored. The FTSE-100 pharmaceutical company showed its confidence in Dato-DXd when it presented the overall survival data at a lung cancer world congress in San Diego. Analysts, however, questioned the potential benefits. AstraZeneca shares fell by 306p or […]

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PwC has sent one of its senior British executives to China to help steer the business of the firm in the country after the audits it conducted on Evergrande, a collapsed property developer. Hemione Hudson, who was once on the list of candidates to become PwC UK’s boss, has been asked to head the Chinese […]

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The head of a large North Sea oil producer warned that an “punitive tax regime” would hinder its plans to further invest in Britain. Chris Cox confirmed, as well, that Serica Energy was also looking to acquire companies outside of the North Sea. Amjad Bseisu of Enquest said last week that the Energy (Oil and […]

The post Serica warns that the energy profits tax could hinder North Sea projects appeared first on Stockmark.IT.

One of Regus’s largest shareholders has told the serviced office provider to “immediately” move its stock listing to the United States. Buckley Capital Management stated that moving from London to New York could help boost IWG’s share price which is 60 per cent lower than its pre-pandemic levels. Buckley wrote in an open letter addressed […]

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The Spectator magazine and sister Telegraph titles were sold to Sir Paul Marshall in a long-running battle over ownership. Marshall, the financier who owns the Marshall Wace hedge fund and GB News (the television channel), has purchased the magazine, after the purchase of the magazine by a fund backed by Abu Dhabi was blocked by […]

The post Paul Marshall purchases The Spectator at £100m appeared first on Stockmark.IT.

The City regulator brought its first criminal charge against an individual who was allegedly operating a network illegal cryptocurrency ATMs. Olumide Osunkoya has been accused by the Financial Conduct Authority for operating illegally machines that processed £2.6 Million in crypto transactions between September 8th last year and the end of 2021. The authority stated that […]

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Centamin will become the latest mining firm to leave London’s stock exchange after agreeing to be taken over by an American competitor. The group has recommended that AngloGold Ashanti pay $2.5 billion in cash and shares to gain control of Egypt’s biggest goldmine. AngloGold (which is also listed in Johannesburg) made an offer valuing FTSE […]

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Apple lost a €13-billion battle against unpaid taxes, a landmark in European Union law over “sweetheart tax deals”. The European Court of Justice reversed an earlier ruling that favored the technology group and found that Ireland “granted Apple illegal aid” which it was obliged to recover. Experts said that the long-awaited decision could have significant […]

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After EU documents indicated that Brussels was not “prepared” to change the regulations, industry insiders have called on the UK government for a solution. Keir starmer promised in Labour’s manifesto to improve trade and investments relations with the EU “to help our touring artists”. Since Brexit, musicians who tour the EU face barriers in the […]

The post UK music industry pressurises government to resolve post-Brexit touring restrictions appeared first on Stockmark.IT.

After the Grenfell tragedy, councils and colleges awarded contracts worth millions of pounds to the building company that was found to be “considerable responsible” for . This is due to its “casual approach to fire safety”. Rydon, a property group, was the main contractor for the refurbishment of Grenfell Tower from 2014 to 2016, which […]

The post After fire, Grenfell Building firm is criticised by an inquiry and awarded contracts worth millions appeared first on Stockmark.IT.

The Observer has revealed that water companies in England lost over one trillion litres in England and Wales last year due to leaks. Based on the annual performance reports of 2023-24, it is estimated that millions of litres per day of water are lost. Thames Water was the worst performer, leaking 570.4 Megalitres per day, […]

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A report claims that the online gambling industry, worth billions of pounds, has had “negative impacts” on the UK’s economy. The report was commissioned by Campaign for Fairer Gaming, and produced by National Economic Research Associates. It claims that the growth of online gambling is “detrimental” to the British economy. Money from other sectors which […]

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A shortage of chemicals that are used to detect prostate and bone tumors is putting patients at risk. This is due to the slowdown in imports, a lack of funding and the closure of vital labs. This year, hospitals in Oxford, Bath, and London, among others, issued alerts about shortages radioactive materials, which resulted in […]

The post NHS patients miss out on cancer screening due to shortages appeared first on Stockmark.IT.

John Foley is a man who knows how to describe himself. He’s 53 and a living example of the things that can go wrong with business. Shares can rise or fall, but he is a testament to this. He was once a stock-market darling. He co-founded At-Home Fitness and led it for over a decade. […]

The post The man behind Peloton’s billionaire boom and bust appeared first on Stockmark.IT.

Discover Mkango Resources' strategic vision for sustainable rare earth production, recent milestones, and future growth plans in the clean energy sector.

The post Mkango Resources: Pioneering Sustainable Rare Earth Production appeared first on Stockmark.IT.

Discover Aidan Keegan's insights on the innovative franchise model of Cook's Coffee, their unique brand identity, and strategies for growth in the coffee industry.

The post Insights from the CEO of Cook’s Coffee on Franchise Success appeared first on Stockmark.IT.

The UK-based company’s revenue nearly doubled last year, as users who are non-monogamous and queer helped it expand to other countries. Feeld was founded by a couple of entrepreneurs in an open relationship. The company has stated that it is “on mission to elevate human experience in sexuality and relationships”. Its registered office in Carlisle […]

The post Feeld, a dating app that ‘triples’ in popularity, nearly doubles its revenue to £39.5m appeared first on Stockmark.IT.

Royal Mail may launch a website similar to a “bin-collection” to allow households to know when they will get their mail if regulators give the go ahead to reduce services. The company wants to reduce its costs and has proposed to move the second-class letter delivery on alternate weeksdays. Sources in the industry have confirmed […]

The post Royal Mail considers bin collection-style website for letter delivery days appeared first on Stockmark.IT.

HSBC has recruited hundreds of bankers in the UK to service wealthy clients as it looks at reducing the competition and taking a bigger slice of the UK wealth management market. The largest bank in Europe is looking to strengthen its UK wealth and private banking arm by bolstering its team of relationship management, which […]

The post HSBC hires a lot of people to help drive UK wealth division goals appeared first on Stockmark.IT.

The French government has requested more time from the European Commission to present its plans for debt reduction and deficit reduction. This comes as Michel Barnier, the new prime minister, works to form a government in a context of worsening finances. The finance ministry of the country said that it had requested more time from […]

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Wes Streeting said that the NHS must make three “big changes” to its delivery of care in order to have a sustainable future. The UK Health and Social Care Secretary said that the new government will prioritise moving NHS treatments “from hospitals to communities”, “analogues to digitals” and “sickness prevention”. Three shifts are “absolutely necessary […]

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Three people with knowledge of the situation say that the Bank of London board of directors and its new management team did not know about its unpaid tax debts until HM Revenue & Customs submitted a petition on Thursday to dissolve it holding company. Over the weekend, the board of the holding, which includes Labour […]

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Linda Medendorp learned that she would die the day her son turned 18. Tests revealed that after a 51-year old woman complained of persistent swallowing problems, she had an incurable cancer. It had spread to her stomach and rectum. She said that “it was the worst nightmare”, but “there was one positive factor in all […]

The post New cancer drugs are expensive but offer hope to patients, but put pressure on budgets appeared first on Stockmark.IT.

Lando Norris won the Dutch Grand Prix last month, but his father still has a smile on his face. Adam Norris has accompanied Lando Norris to 350 exhausting race weekends in his quest to reach the top of the global motorsport. But last month, he saw Lando on the Formula 1 podium for the first […]

The post Pure Electric, the e-scooter manufacturer, ‘will be bigger than Dyson. appeared first on Stockmark.IT.

The concrete test track in Bedfordshire is a circular swath through lush countryside. It’s usually the place where high-performance vehicles are tested, but last weekend it was a less frantic form of transportation: a hydrogen prototype bus. Belfast-based Wrightbus, owned by Jo Bamford, scion of the construction-equipment giant JCB, was at the Cenex Expo to […]

The post Is hydrogen really ready to take flight? appeared first on Stockmark.IT.

Chappell Roane, the American pop sensation who is behind the hit song Pink Pony Club will be welcomed on stage by over 2,000 fans in Scotland next Sunday. Most of them probably have never heard of Live Nation Entertainment, a major company. Each of them has contributed in ways that they never imagined to the […]

The post Live Nation is in charge of everything: Tickets, venues and bands, bouncers and food. appeared first on Stockmark.IT.

Bellway, a housebuilder, pulled out of the £720 million pound takeover bid for Crest Nicholson due to concerns over its smaller rival’s escalating costs after Grenfell Tower. Bellway was reticent to disclose the reasons behind its withdrawal from the takeover of 273p per share last month. Crest’s board was reportedly blindsided by the decision, as […]

The post Bellway pulls out of £720m acquisition amid concerns about cladding costs appeared first on Stockmark.IT.

  Former Cineworld boss, Mooky Greidinger, is planning a return to Britain with plans for a brand new cinema operator who is looking to buy some of the chain’s struggling sites. Greidinger turned Cineworld into the largest cinema company in the world before it collapsed under a mountainous debt load when Covid struck. According to […]

The post Cineworld’s former boss plans return to UK with a new screen chain appeared first on Stockmark.IT.

BMW is increasing its bets on the future of next-generation fuels for passenger cars and will deliver its first mass-produced hydrogen powered cars in 2028. German Motor Group has been testing iX5 Hydrogen prototypes for two year. It is now stating that it will put its reputation at risk by claiming there will be a […]

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Renting cloud services using Nvidia’s artificial intelligence chip is cheaper in China than it is in the US. This shows that the advanced processors can easily reach the Chinese market, despite Washington’s export restrictions. Companies and customers have reported that four small-scale Chinese cloud service providers charge local tech companies around $6 per hour for […]

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Michel Barnier, former Brexit negotiator for the EU, now chosen as France’s prime minister in order to avoid a crisis of political nature, hasn’t always been kind towards his new boss Emmanuel Macron. The veteran politician, aged 73, said that Macron had governed the country in an arrogant and solitary manner, both at home and […]

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According to Sir Nigel Wilson, a City grandee, the UK must overhaul its capital market to attract £1tn in investment over the next decade for housebuilding, infrastructure, and new start-ups. His report published on Friday stated that “the UK economy and its capital market have fallen behind the US ever since the global financial crises”. […]

The post Wilson report: UK capital market needs to be revamped in order to attract £1tn worth of investment appeared first on Stockmark.IT.

City taskforce says the UK will need to invest £1tn over the next 10 years if it is to meet its economic growth goals. The Capital Markets of Tomorrow Report, headed by City veteran Sir Nigel Wilson and former Legal & General boss, stated that to achieve a minimum of 3% growth annually, the UK […]

The post UK needs to invest £1tn over 10 years in order to achieve economic targets appeared first on Stockmark.IT.

Group of creditors holding approximately £10 billion of Thames Water’s £15 billion senior debt are set to gain access to the company’s financial records and regulatory business plan. This move comes as they attempt to formulate a strategy to reduce the utility’s debt and address its urgent need for fresh capital. The creditors have set […]

The post Thames Water Creditors Devise Rescue Plan for 15 Billion Pound Debt Crisis appeared first on Stockmark.IT.

Recent forecasts suggest that the impact of new offshore wind farms on household energy bills will be relatively modest. According to predictions by Cornwall Insights, a leading energy consultancy, these renewable projects are expected to add only £5 to annual energy costs by the end of the decade. The latest auction round for renewable energy […]

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In a significant move towards regulating artificial intelligence (AI), the United Kingdom has become a signatory to the first international treaty aimed at implementing AI safeguards. The framework convention on artificial intelligence, drawn up by the Council of Europe, was signed on Thursday by the UK, EU, US, and Israel in Vilnius. This legally binding […]

The post UK Signs Landmark International AI Treaty Aiming to Safeguard Human Rights and Democracy appeared first on Stockmark.IT.

The Competition and Markets Authority (CMA) has initiated an investigation into Ticketmaster’s handling of Oasis ticket sales, following widespread criticism of the company’s pricing practices. This probe comes in response to the recent uproar over ticket prices for the iconic band’s upcoming reunion tour. At the heart of the investigation lies the controversial use of […]

The post Ticketmaster Under Scrutiny as Watchdog Launches Oasis Ticket Probe appeared first on Stockmark.IT.

Employees at the bookmaker Betfred have reported significant financial distress following a technical glitch in the company’s salary advance system. The issue, which persisted for at least two weeks, left many of the firm’s 8,000 staff members struggling to meet basic living expenses. The problem stemmed from a malfunction in Wagestream, an app that allows […]

The post Betfred Staff Face Financial Hardship Amid Salary Advance System Failure appeared first on Stockmark.IT.

Donald Trump’s social media venture has experienced a dramatic reversal of fortune on the stock market. Shares in Trump Media & Technology Group (TMTG), the parent company of Truth Social, closed below $17 on Wednesday, effectively wiping out all gains since the company’s meteoric rise began in January. The former US president, who holds a […]

The post Trump Media Shares Plummet Erasing Meteoric Gains appeared first on Stockmark.IT.

In a surprising turn of events, Topshop and Topman could soon make their return to the high street following Asos’s decision to sell a 75% stake in the fashion brand to Heartland, a subsidiary of the Danish fashion conglomerate Bestseller. The deal, valued at £135 million, marks a significant shift in strategy for the online […]

The post Topshop Poised for High Street Comeback as Asos Sells Majority Stake for 135 Million Pounds appeared first on Stockmark.IT.

In a significant shift for the British retail landscape, John Lewis has announced the reinstatement of its iconic “never knowingly undersold” price-match pledge. This move comes two years after the department store chain abandoned the century-old promise, signalling a renewed focus on customer value and competitive pricing. Peter Ruis, John Lewis’s executive director, has spearheaded […]

The post John Lewis Revives Never Knowingly Undersold Pledge in Bold Retail Strategy appeared first on Stockmark.IT.

In a significant overhaul of Royal Mail’s universal service obligation, Ofcom, the UK’s communications regulator, has proposed scrapping the delivery of second-class letters on Saturdays. This move comes as part of a broader review aimed at ensuring the sustainability, affordability, and reliability of the postal service in the face of changing consumer habits. Under the […]

The post Royal Mail Reforms Ofcom Proposes Scrapping Saturday Second Class Deliveries appeared first on Stockmark.IT.

Associated British Foods (ABF), the conglomerate behind Primark and various food brands, has issued a cautionary statement regarding its sugar division’s performance in the upcoming financial year. The company anticipates a significant decline in operating profits for its sugar business, projecting between £50 million and £75 million for the 2025 financial year, a stark contrast […]

The post AB Foods Warns of Sugar Profit Slump as Primark Sales Grow appeared first on Stockmark.IT.

In a surprising turn of events, electric vehicle (EV) sales in the UK saw a significant uptick in August, defying the overall downward trend in the automotive market. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), EV registrations rose by 10.8% to 19,100 units, accounting for 22.6% of all […]

The post Electric Car Sales Surge in August Bucking Overall Market Trend appeared first on Stockmark.IT.

The British Chambers of Commerce (BCC) has issued a stark warning about the UK’s inflation outlook, projecting that consumer price inflation will climb steadily to 2.6% by the end of the year and remain above the Bank of England’s 2% target until early 2027. According to the BCC’s latest quarterly forecasts, high energy prices, robust […]

The post UK Inflation Set to Rise and Remain Above Target Until 2027 Warns BCC appeared first on Stockmark.IT.

In a landmark achievement for the legal sector, DLA Piper has become the first English law firm to break the £3 billion annual revenue barrier. The firm, which originated in Yorkshire before expanding globally, reported a 6.3% increase in earnings over the past year, reaching £3.01 billion according to independent researchers. This impressive feat places […]

The post DLA Piper Becomes First English Law Firm to Surpass 3 Billion Pounds in Annual Revenue appeared first on Stockmark.IT.

Volvo, the Swedish automaker known for its environmental commitments, has reversed its plan to sell only fully electric cars by 2030. This decision comes amidst growing signs of a global slowdown in the electric vehicle (EV) market. The company, owned by Chinese conglomerate Geely, had previously been at the forefront of the electric revolution. As […]

The post Volvo Abandons All Electric Car Goal as EV Market Slows appeared first on Stockmark.IT.

The chief executive of Enquest, a major North Sea oil and gas producer, has issued a stark warning about the detrimental effects of the windfall tax on offshore oil and gas operations. Amjad Bseisu claims that the Energy (Oil and Gas) Profits Levy is inflicting “irreversible damage” to the sector and jeopardising billions of pounds […]

The post North Sea Windfall Tax Causing Irreversible Damage to UK Energy Sector appeared first on Stockmark.IT.

The UK’s largest housebuilder, Vistry, has reported a significant increase in half-year profits, bucking the trend in a challenging market. The company’s decision to focus on affordable homes appears to be yielding positive results, with adjusted pre-tax profit rising 7% to £186.2 million in the first six months of the year. Vistry’s chief executive, Greg […]

The post Vistry Profits Rise as Affordable Homes Strategy Pays Off appeared first on Stockmark.IT.

Petrol and diesel prices at UK pumps have plummeted to their lowest levels in nearly three years, offering temporary relief to motorists. However, this respite may be short-lived as the Labour government is expected to introduce the first increase in fuel duty in 14 years in the upcoming autumn statement. According to data from the […]

The post UK Fuel Prices Hit Three Year Low as Duty Hike Looms appeared first on Stockmark.IT.

In a significant development for the pharmaceutical giant AstraZeneca, Chinese authorities have reportedly detained five current and former employees as part of an investigation into potential breaches of data privacy and import regulations. The detentions, which occurred earlier this summer, targeted Chinese citizens involved in marketing cancer drugs for AstraZeneca’s oncology division. The investigation, led […]

The post AstraZeneca Faces Scrutiny as Chinese Authorities Detain Staff appeared first on Stockmark.IT.

Volkswagen AG, Europe’s largest carmaker, is facing a challenging situation as it has “a year, maybe two” to restructure in response to declining sales in its home market. This warning was issued by the company’s finance chief, Arno Antlitz, during a meeting at the Wolfsburg headquarters, indicating that significant measures such as job cuts and […]

The post Volkswagen Faces Tough Decisions as European Demand Wanes appeared first on Stockmark.IT.

The United Kingdom is set to close its final coal-fired power station at the end of September, marking the end of a 140-year reliance on coal for electricity generation. This closure is a significant step in the nation’s efforts to decarbonise its power supply by 2030 and aligns with broader goals to achieve net-zero emissions […]

The post Britains Coal Power Era Ends After 140 Years Marking Milestone in Energy Transition appeared first on Stockmark.IT.

The UK’s nuclear power sector is at a pivotal moment as Labour’s Energy Secretary, Ed Miliband, prepares to announce the next steps in Britain’s nuclear revival. Key decisions are imminent regarding two significant initiatives: Sizewell C in Suffolk and a series of mini nuclear plants. The industry is confronted with both challenges and opportunities. Labour’s […]

The post Nuclear Power in Britain Faces Challenges and Opportunities as Labour Takes the Helm appeared first on Stockmark.IT.

In a controversial decision, the Payment Systems Regulator (PSR) plans to significantly lower the maximum reimbursement for victims of authorised push payment (APP) scams from £415,000 to £85,000. This change follows strong lobbying from banks and payment companies, which argued that the previous limit was excessively high and could be exploited by fraudsters. The new […]

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The government’s first renewable energy auction has resulted in a record-breaking 131 new green infrastructure projects, including nine offshore wind farms. This is a notable increase from the 92 projects approved in the previous auction, as reported by the Department for Energy Security and Net Zero. Wind and solar projects were the primary focus of […]

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The UK’s zero-emission vehicle (ZEV) mandate is significantly disrupting the automotive industry, particularly affecting traditional brands like Ford and Vauxhall. These companies are witnessing a sharp decline in market share as they struggle to meet electric vehicle sales targets mandated by the government. Specifically, under the current ZEV mandate, manufacturers must ensure that 22% of […]

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In a significant development in the UK media landscape, Sir Paul Marshall, the renowned hedge fund founder, is on the brink of acquiring The Spectator for approximately £100 million. The deal, expected to be announced imminently, marks the culmination of a protracted takeover battle for the esteemed news magazine. The Spectator’s sale process began over […]

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The US Department of Justice has issued a subpoena to Nvidia Corporation, indicating an escalation in its antitrust investigation into the company. This legal request requires Nvidia, a major player in artificial intelligence computing, to provide information as officials look for evidence of possible violations of competition law. Nvidia, which briefly became the world’s most […]

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Apple has issued a strong warning to Britain’s Competition and Markets Authority (CMA), claiming that the CMA’s analysis of the company’s dominance in the mobile browser market is “flawed and insufficient.” The tech giant argues that the CMA is relying on outdated information and unsubstantiated claims from developers, rather than objective evidence, in its ongoing […]

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The UK government is preparing to implement a significant increase in the state pension, with reports suggesting an increase of over £400 per year. This adjustment is linked to the triple lock mechanism, which is set to take effect in April. According to internal Treasury calculations reportedly obtained by the BBC, the full state pension […]

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Barratt Developments, the largest housebuilder in Britain, has reported a significant 75% decline in annual profit, alongside a notable drop in home completions, following a challenging year for the industry. The company’s pre-tax profits fell to £171 million for the year ending in June, down from £705 million the previous year. This steep decline highlights […]

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In a significant development that has impacted the property sector, FTSE 100 company Segro has announced a £552 million all-share takeover of its smaller rival, Tritax EuroBox. This unexpected move could provoke a response from Brookfield, the Canadian investment firm chaired by Mark Carney, who is the former Governor of the Bank of England. The […]

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In a startling revelation, leaked Russian state correspondence has unveiled Moscow’s clandestine efforts to establish a covert trade channel with India. The primary objective of this secretive network is to secure critical electronics and components for Russia’s ongoing war effort in Ukraine, whilst circumventing Western sanctions. The confidential plans, drawn up by Russia’s industry and […]

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Blencowe Resources has announced significant progress in its Orum Cross graphite project in Uganda, East Africa. The company, which acquired the project five years ago, has been diligently advancing through various stages of development, including resource drilling programs, a scoping study, and a pre-feasibility study (PFS). Currently, Blencowe is in the latter stages of a […]

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Klarna, the prominent buy now, pay later lender, has significantly reduced its workforce by more than 1,000 employees, largely due to the integration of artificial intelligence (AI) into its operations. The Stockholm-based fintech giant, which wrote off £173 million in bad loans during the first half of 2024 as more shoppers defaulted on their borrowings, […]

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Nvidia, the artificial intelligence chip designer, is expected to announce a remarkable doubling of sales year-on-year when it reports its highly anticipated quarterly earnings tonight. Analysts forecast sales of $28.6 billion for the second quarter, representing an impressive 112 percent increase compared to the same period last year. Operating income is also projected to soar […]

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The interconnectedness of the global shipping network has been thrust into the spotlight in recent years due to a series of supply chain shocks. From the pandemic-induced increase in goods spending to the Suez Canal blockage caused by the stranded Ever Given ship and the recent Houthi rebel attacks in the Red Sea, these disruptions […]

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The UK government has approved a significant battery storage project with connections to China after a national security review. Chancellor of the Duchy of Lancaster Pat McFadden has greenlit the development of an 80-megawatt storage plant near Grimsby, which is financed by US investment firm BlackRock and KX Power, a UK-registered asset manager linked to […]

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Aviva, the FTSE 100 insurance giant, faces serious allegations of tax evasion and regulatory violations in India, according to a report by the country’s tax authority. The Directorate General of Goods and Service Tax Intelligence claims that Aviva’s Indian branch used fake invoices and covert cash payments to conceal $26 million in commissions paid to […]

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The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond to newly imposed European Union tariffs. According to data from automotive analyst Dataforce, the market share of Chinese EVs in Europe has decreased to 9.9% in July, down from 10.2% a year prior. This decline aligns with the EU’s introduction […]

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In a surprising turn of events, British property search powerhouse Rightmove is facing a potential takeover bid from Australian rival Rea Group. The news sent shockwaves through the property and financial sectors, with Rightmove’s shares surging 27.4% to close at 708p. Rea Group, which is 61% owned by News Corp, announced to the Australian stock […]

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