Nvidia earnings set to guide US stock market as Trump boost fades November 17, 2024 Nvidia’s earnings will take centre stage for the US stock market this week, while FTSE 100 firms Imperial Brands, Severn Trent and Halma report across the pond. The chipmaking behemoth has seen its share price gain nearly 800 per cent over the last two years as booming demand for AI has driven it to become [...]
More than 5,000 Woodford investors sue Hargreaves Lansdown November 17, 2024 Hargreaves Lansdown, the UK's biggest retail investment platform, is being sued by more than 5,000 investors who claim it kept recommending Neil Woodford’s equity fund when it ran into problems.
Robinhood boss says UK’s stance on crypto trading is ‘backwards’ November 17, 2024 The billionaire chief executive of investment platform Robinhood has said UK policymakers' stance on cryptocurrency trading is "backwards" compared to regulated forms of gambling.
Kantar: Private equity groups circle media research firm November 17, 2024 Private equity bidders are reportedly interested in buying TV ratings data business Kantar Media in a development which could pave the way for a multibillion-pound sale of the wider Kantar Group.
Former fintech ‘unicorn’ Truelayer laid off a quarter of staff in one day November 15, 2024 Former fintech ‘unicorn’ Truelayer laid off roughly a quarter of its workforce in a single day as part of an effort to slash costs and become profitable, CityAM can reveal. The London-based firm axed 71 roles at the end of September a week before announcing a $50m funding round that lowered its valuation, according [...]
UK M&A set for ‘sustained increase’ after Budget and Trump victory November 14, 2024 British M&A activity is expected to ramp up going into 2025, City advisers have said, as dealmakers feel more certainty following the Budget and US presidential election.
British AI start-up lands $750m valuation nine months after creation November 14, 2024 British AI start-up Tessl has landed a $750m valuation just nine months after being created, it is understood, as it looks to revamp how computer programmers create software.
Major Smith & Nephew investors call for break-up of medical device maker November 14, 2024 Three of Smith & Nephew's biggest shareholders are reportedly urging the FTSE 100 firm to break up if it cannot improve performance.
UK set for buy-now pay-later revolution, says Clearpay’s Nick Molnar November 14, 2024 Molnar tells CityAM the future is limitless for the buy-now pay-later juggernaut he founded with then-neighbour Anthony Eisen in 2014.
Homebase sold in rescue deal to CDS but 2,000 jobs still at risk November 13, 2024 Homebase has been sold in a rescue deal to retailer CDS in a move securing up to 1,600 jobs and 70 stores, administrator Teneo has said, but around 2,000 workers and 49 shops still remain at risk.
