The FTSE 100 looked set to throw Ocado out of its shopping basket on Wednesday following a plunge in the value of the online retailer’s shares. Ocado’s valuation dropped from …
May 2024
St James’s Place set to plummet out of FTSE 100
St James’s Place is expected to fall out of the FTSE 100 after ten years in London’s main index. The wealth manager, along with Ocado, is expected to be replaced …
Deliveroo, Just Eat Takeaway, Delivery Hero, and Doordash lose nearly £16bn over seven years
Europe and the US’s top online food delivery companies have collectively lost over $20bn (£15.6bn) in operating losses over the past seven years as the stocks languish. Following the pandemic-induced …
Bioscope: Cambridge biotech gold extractor firm eyes IPO
A Cambridge-based firm that can extract gold and precious metals from old circuit boards for electronic devices is mulling an initial public offering. Bioscope Technologies, which uses micro-organisms to draw …
Middlesex CCC call police on former chief over expenses feud
Middlesex County Cricket Club have called in police to investigate a feud between the club and former chief Richard Goatley. Goatley is no longer at the club but was appointed …
Labour backs away from bank windfall tax in bid to win over City
Labour is not looking at imposing a windfall tax on bank profits if it wins the general election on 4 July, according to reports, amid efforts to win over the …
Fuller’s cashes in with sale of London pubs to Admiral Taverns
Fuller Smith & Turner has agreed to sell a portfolio of 37 London pubs and pubs in the South East of England from its Tenanted Inns Division for a total …
React Group’s ‘extreme cleaning’ services drive huge profit growth
Specialist cleaning firm React Group has released a bumper set of half year results, with profits surging and significant revenue growth. The Birmingham headquartered company, which offers “extreme cleaning services” …
Impax hit by outflows as investors adopt ‘risk-off’ stance
ESG-focused Impax Asset Management has seen continued net outflows into 2024 as investors withdraw from sustainable funds, while its investment performance drove growth in assets under management (AuM). Impax reported …
Bank of Georgia posts solid earnings amid political turmoil
Eastern Asian lender Bank of Georgia saw its profit, customer numbers and interest income soar in the first quarter of this year, a period in which the bank also completed …