NewGAMe intends to increase its GAM stake from 17.5% to ‘no less than’ 27.1% London-listed Liontrust Asset Management failed to buy GAM earlier this year By Harry Wise Updated: 15:47 GMT, 21 December 2023 An investment vehicle backed by billionaire Xavier Niel will become the largest shareholder in GAM after receiving approval from Irish authorities. … Read more
By Emily Hawkins Updated: 22:01 GMT, 20 December 2023 The world’s largest offshore wind farm looks set to be built off the coast of Britain. In a sorely needed boost for the green energy industry, Danish giant Orsted signed off its financial plan for the Hornsea 3 project in the North Sea. It will have … Read more
By Live Commentary Updated: 11:59 GMT, 20 December 2023 Consumer price inflation fell to 3.9 per cent in November, down from 4.6 per cent in October and lower than economist forecasts of 4.4 per cent, fresh data from the Office for National Statistics shows. The FTSE 100 is up 0.6 per cent in afternoon trading. … Read more
By Live Commentary Updated: 17:12 GMT, 19 December 2023 The FTSE 100 closed up 23.55 points at 7638.03. Among the companies with reports and trading updates today are De La Rue, Superdry and Hipgnosis Songs Fund. Read the Tuesday 19 December Business Live blog below. > If you are using our app or a third-party … Read more
Games Workshop and Amazon made an ‘agreement in principle’ last year Peel Hunt analysts: Amazon deal is a ‘game changer’ for Games Workshop Games Workshop also told investors it had not changed its annual forecasts By Harry Wise Updated: 10:36 GMT, 18 December 2023 Games Workshop has struck a deal with Amazon to develop Warhammer … Read more
By John Abiona Updated: 22:01 GMT, 18 December 2023 Oil prices rose after BP paused shipments through the Red Sea as a rebel group ramped up attacks on vessels in the region. Global freight firms have scrambled to reroute their ships in response to Yemen’s Houthi militants, who have wreaked havoc for weeks in a … Read more
Britain’s largest ten-pin bowling operator also owns Puttstars minigolf outlets Hollywood Bowl achieved a very strong result in July and record sales in August Rival Ten Entertainment recently agreed to a takeover by Trive Capital Partners By Harry Wise Updated: 13:41 GMT, 18 December 2023 Hollywood Bowl Group scored record revenue last financial year as … Read more
By Jessica Clark Updated: 21:50 GMT, 17 December 2023 The world’s biggest unicorn companies have suffered an £8billion slump in value this year, with retailers seeing the biggest drops as households struggled with the cost-of-living crisis. Research showed the total value of the top 100 unicorn firms – which are private companies with a valuation … Read more
Heathrow Airport expects 81.4m travellers in 2024, a 2.9% rise on this year But the travel hub forecasts turnover next year dropping by 6.1% to £3.45bn Passenger numbers jumped by 30% to 72 m in the first 11 months of 2023 By Harry Wise Updated: 18:41 GMT, 17 December 2023 London Heathrow expects revenue and … Read more
By Patrick Tooher Updated: 09:35 GMT, 17 December 2023 Over cautious?: Andrew Bailey initially dismissed inflation as ‘transitory’ before embarking on a series of 14 rate rises in a row Bank of England governor Andrew Bailey faces another test of his credibility this week when new figures are expected to show inflation is being tamed. The … Read more
