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Economy

Ali Baba stock price hits record highs despite Trump’s threats to blacklist Ant Group

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Trump may add Ant Group, the world’s biggest fintech firm, to the U.S. blacklist AliBaba bought a 33% stake in Ant Financial two years ago AliBaba...
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Economy

Serco Group raises annual guidance on robust performance in Q3.

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Serco Group raises annual guidance on robust performance in Q3. The British outsourcer raises £154 million from U.S. investors. Serco forecasts up to £150 million of...
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Economy

Man Group reports a 4.4% growth in funds under management in Q3.

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Man Group reports a 4.4% growth in funds under management in Q3. The investment manager attributes the increase to £1.31 billion of net inflows. Man Group...
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Economy

The LSE Group strikes a deal with Euronext to sell Borsa Italiana.

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LSE strikes a £3.84 billion deal with Euronext to sell Borsa Italiana. The LSE Group wants to finalise its Refinitiv deal by early 2021. LSE purchased...
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Economy

Unite Group forecasts an up to 20% decline in rental income

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Unite Group plc (LON: UTG) said on Thursday that its property portfolio posted a 0.7% annualised growth in terms of valuation in the fiscal...
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Economy

Weir Group to offload its oil and gas business to Caterpillar Inc.

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Weir Group plc to offload its oil and gas business to Caterpillar Inc. The £312.67 million deal will result in a cash tax benefit of...
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Economy

Pennon Group says its performance in the H1 matches its expectations.

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Pennon Group says its performance in the fiscal H1 matches its internal expectations. The UK waste management firm expects a £10 million hit due to...
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Economy

SSP Group forecasts sales to slide by 86% in the fiscal second half.

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SSP Group forecasts sales to slide by 86% in the fiscal second half. The catering company says sales have recovered since stores reopened. The British multinational...
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Economy

IPO: The Hut Group stock price soars 30% on its debut

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Shares of The Hut Group (LON: THG) surged over 30% in its first day of public trading on Wednesday, to mark the  largest initial...
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Economy

The Hut Group jumps 30% as it debuts on the London Stock Exchange.

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The Hut Group jumps 30% as it debuts on the London Stock Exchange. The company sold 376 million shares at 500 pence each in its...
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