Contents ▾ Thomas Cook Continues To Be Sold In PiecesFitbit Is Bought By Technology Giant Google The first weekend of November has proven to be very busy. Thomas Cook has been sold to Fosun, the owner of Club Med, in a deal reported to be around £11 million. At the same time, Fitbit was bought […]
Just Eat has been subjected to a counter bid for the business. The fast-food delivery company has been recently looking to take over one of its competitors, but on Tuesday 22nd October, they received a bid that valued it at 710 pence per share. The company that made the bid was Prosus. A global internet […]
Online fashion retailer ASOS has reported a significant downturn in profits after a disappointing last twelve months sparked by increased competition and a series of problems at the company that saw customers turning elsewhere. Numerous Issues The company placed the blame for these disappointing figures on problems with their warehouses both in Europe and the […]
In a shock announcement made last week, Hays Travel has agreed to a deal that will buy out all 555 Thomas Cook locations, saving over 2,000 jobs in the United Kingdom. Hays, an independent travel company and a direct competitor of the travel agency, has said that the move will allow the company to expand into […]
Ovo Energy, the biggest UK independent energy supplier, has purchased Southern and Scottish Electric (SSE) and merged to create what will become the second-largest energy supplier in the UK. SSE, which is listed on the London Stock Exchange as part of the FTSE 100, will sell its retail business for £500m to the Bristol-based Ovo, […]
The United Kingdom is the most recent country to receive a warning about an upcoming recession and according to a new report, they are not prepared to face it. The stark message, which comes from the independent UK Think Tank Resolution Foundation, warned that Britain was unprepared to face a recession in the next year, […]
For starting traders looking to venture into short term trading, indices offer an interesting choice to speculate on movements in stock such as FTSE, DAX, Nasdaq, S&P, and Dow Jones. These indices are baskets of different individual shares ranked by independent organisations like specialist companies or significant banks. The considerable merits of trading indices include: Lower Risks […]
The latest developments in the trade war between the US and China sent already jittery global financial markets into overdrive on 23 August, increasing concerns about another financial meltdown. Much of the drop in Wall Street share prices were down to belligerent tweets from President Trump, after his gut reaction to the news that China […]
Netflix shares fell sharply, following the announcement of significantly weaker-than-expected subscription growth. After a long streak of meteoric increases—Netflix had not had a decrease in subscribers since 2011—130,000 US subscribers signed off from the service in the second quarter of 2019. The drop has been in part attributed to recent price hikes. Globally, Netflix added […]
The toy giant Lego has recently reached a deal with Merlin Entertainment that will see the Danish company pay a huge $4.8bn to take over as owners of the UK-based attractions business. Merlin, who currently operate Legoland’s location in Windsor and are the team behind Madame Tussauds, the London Eye and Alton Towers, among others, […]
Metro Bank is one of the high street ‘challenger banks’ that was set up in the aftermath of the 2008 financial crisis. It has always emphasised its high-quality customer service and what it characterises as a lack of ‘stupid bank rules’. Now though, the bank is in serious trouble for failing to follow some of […]
An initial public offering (IPO) of the Trainline ticketing app is planned for June 2019 and the company hope to raise a minimum of £75mn from their shares. The US owners of this online ticketing business believe their company may be worth a total of £1.5bn. Trainline’s owners are a US equity firm, KKR, and […]
Tesla’s share price has continued to tumble as serious doubts keep being raised about the company’s financial performance and direction. Their share price has nearly halved since last year and it doesn’t seem like it’ll be recovering anytime soon. The Decline In Model 3 The demand for their Model 3 car has declined, which has […]
Citigroup has declared Thomas Cook’s shares as worthless after having plunged by 33% this Friday. Although the airline is worth around £738 million, its debt value is thought to be similar, meaning their equity value is essentially zero. Dire Citigroup Forecast Citigroup reached this conclusion after Thomas Cook had issued a profit warning reporting a […]
British high-street fashion retailer Topshop chaired a ‘significant’ meeting with its top directors to decide the future of the clothing chain, which has been struggling since the beginning of 2019. The brand, owned as part of a fashion retail empire operated by disgraced businessman Sir Phillip Green, are meeting to choose the last option for […]
Uber, the ride-sharing app that operates across multiple countries and is largely considered the market leader in the ever-growing industry, has estimated its initial stock market value of $90bn in new reports published recently. Latest Unicorn IPO The much-anticipated flotation of this ‘unicorn’ company has already begun attracting investor buzz, though some insiders remain dubious […]
For the first time since 2012, the UK’s housing market has seen a significant drop in prices, figures published by Nationwide show. Today, official reports announced that the first three months of 2019 saw a significant slump in housing prices across the country. Brexit Impact? Many have already predicted that this is due to Brexit […]