The figures preceded a flurry of interest in UK-listed companies in recent months, including Royal Mail and Anglo American. Source link
Read More »Foreign takeovers of UK firms hit four-year low in early 2024 | Evening Standard
Royal Mail Owner Cuts Forecasts, Announces Plans To Cut 10,000 Staff
Photo by Oli Scarff/Getty Images Getty Images International Distributions Services — or the stock formerly known as Royal Mail — slashed its earnings forecasts for the year on Friday. This sent shares in the business tumbling 12% to 184.2p. During the six months to September the company made an adjusted …
Read More »UK stocks hit by global gloom, windfall tax threat for utilities
UK’s FTSE 100 fell on Tuesday, tracking a sour global mood with energy stocks leading declines and shares of British utilities slumped after a media report fuelled speculation of a windfall tax. The benchmark FTSE 100 fell 0.4% with oil majors Shell and BP among top drags, while the …
Read More »Private investors have fallen for Labour’s promises – and made a costly mistake
Political promises should be taken with a pinch of salt. Investors can make expensive mistakes if they change their plans around a pie-in-the-sky manifesto pledge. Take, for example, Labour’s promise to privatise a handful of companies. Many DIY investors took these seriously and sold out, avoiding the risk of any government meddling. On …
Read More »Government vows crackdown on company bosses who ‘plunder pensions’ with seven-year jail terms
Rogue company bosses who put staff pensions at risk will be targeted “with the full force of the law”, the pensions minister has vowed. Writing for the Telegraph after the Queen’s Speech, Guy Opperman has promised chief executives who break the rules on pensions will “have nowhere to hide” as …
Read More »