Life sciences startup Nuclera has said it is eyeing up a public listing in New York in the next five years as it approaches unicorn status. The Cambridge university spin-out …
Personal Finance
Yemen’s Houthi Red Sea attacks and fresh Jordan violence weigh on oil as Middle East unease widens
Oil prices have fallen today amidst a brief detente from the surge seen over the weekend following various attacks across the Middle East. Brent crude futures dipped 46 cents to …
Evergrande: Hong Kong court orders China property developer to liquidate
A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it …
Superdry restructure could mean store closures and job losses
Embattled British retailer Superdry is plotting a major restructuring which could see stores closed and jobs cuts after reporting weak sales. Over the weekend, Sky News reported that the firm …
BP faces City pressure to ditch £24bn clean energy investments for shareholders
A leading London activist investor group is pressuring oil giant BP to ditch renewable energy and maintain its fossil fuel operations for shareholders, reports suggest. The Financial Times this morning …
Manufacturer Chill hits back Sunak plans to ban disposable vapes
Vape and CBD products manufacturer Chill Brands Group has said its existing vape products are excluded from government plans to ban disposable vapes, set to be announced this morning. Chill …
Ukrainian court confirms £98m lawsuit against London-listed Ferrexpo billionaire
The Ukrainian government is pursuing an embezzlement case against a Ukrainian billionaire by suing him through a subsidiary of his London-listed company. Kostyantyn Zhevago, who controls FTSE 250-listed iron pellet …
Iceland boss and former Tory donor Richard Walker switches backing to Labour
The executive chairman of Iceland supermarket has given his backing to Labour, saying the party was the “right choice” for business and voters. Richard Walker, the executive chairman of the …
Troubled investment trust D9 confirms ‘managed wind down’ after debt and share woes
Digital 9 Infrastructure (D9) has confirmed it is winding down the company after it bought too many companies and tripped over its large pile of debt. On Monday, the London-listed …
Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023
Large listed companies came under increasing financial strain over 2023, new figures show, as the burden of higher interest rates weighed heavily on corporate balance sheets. In the final quarter …