Mike Ashley’s Frasers Group sells shares in Asos following Topshop spike September 23, 2024 Frasers Group, the retail empire controlled by Mike Ashley, has lowered its stake in fast-fashion giant Asos. The Mansfield-headquartered group, which owns the likes of Sports Direct and House of Fraser, has decreased its holdings in Asos from 24.3 per cent to 21.1 per cent, according to a new filing with the London Stock Exchange. [...]
Deliveroo: Boss Will Shu in £15m pay day after selling millions of shares September 16, 2024 The chief executive and co-founder of Deliveroo has received a pay day of almost £15m after selling more than 9m shares in the London-listed company. Will Shu has disposed of 9.4m shares worth £14.8m between 12 September and 16 September to “cover personal property investments”. Following the sell off, Shu retains 95.8m shares in Deliveroo. [...]
Deliveroo shares hop to two-year high as it aims for upmarket move September 11, 2024 Deliveroo shares bounded to a two-year high on Wednesday after the food delivery company announced plans to switch the category of its stock listing, in a move that could attract a wave of new investors. The company is proposing to move its shares from the Equity Shares (Transition) category to the Equity Shares (Commercial Companies) [...]
Next 15 shares plummet 50 per cent after major client exits contract September 6, 2024 Shares in digital communications firm Next 15 have plummeted by 50 per cent today after the business announced one of its biggest clients would not be renewing its contract. The London-listed company, which provides B2B marketing services, said its venture building division Mach49 was set to be down £80m in revenue in its 2026 financial [...]
Vodafone: Buybacks boost UAE’s sovereign wealth fund’s stake September 4, 2024 According to a recent update, the sovereign wealth fund of the United Arab Emirates now owns 15 per cent of Vodafone. While the Emirates Investment Authority (EIA) has not acquired any more shares in the communications giant, Vodafone’s ongoing share buyback has reduced the number of shares outstanding, boosting EIA’s position on the share register. [...]
Temu owner PDD shares plunge after profit warning August 27, 2024 Shares in Pinduoduo (PDD Holdings), the Chinese owner of discount retailer Temu, have plunged by nearly 29 per cent in New York in a move that has wiped $55bn (£41.6bn) off the company’s market value. The steep decline followed a warning from management about an impending nosedive in profits, causing investors to reassess the company’s [...]
London continues to roar back as City overtakes Amsterdam to be Europe’s share trading hub June 19, 2024 London overtook Amsterdam as the top stock-trading hub in Europe in May.
