moneymarkets

A satellite broadband company bailed out by British taxpayers is preparing for blast-off after an Indian tycoon ramped up his investment. Sunil Bharti Mittal, through his firm Bharti Global, yesterday exercised an option to increase his stake in Oneweb to 38.6 per cent. In exchange, he will pump an extra £360million into the business – … Read more

Can Clarks shoes put M&S back on front foot? Retailer bids to become the ‘go to’ for back-to school shopping By Daily Mail City & Finance Reporter Published: 21:58 BST, 28 June 2021 | Updated: 21:58 BST, 28 June 2021 Marks & Spencer will begin selling Clarks shoes this week in a bid to become … Read more

Takeover talk continues to grip the stock market – and all eyes will be on serviced office company IWG when trading resumes today. Reports last night suggested the firm, which owns Regus and is valued at £3billion, is a potential target. New York based private equity firm CC Capital has held talks with the London-listed … Read more

JD Sports buys 80% stake in Spanish sports retailer Deporvillage for £120m as it tries to expand its online presence By Daily Mail City & Finance Reporter Published: 21:51 BST, 28 June 2021 | Updated: 21:51 BST, 28 June 2021 JD Sports is spending £120million on an 80 per cent stake in a Spanish sports … Read more

At Greatland Gold’s huge Havieron discovery, Newcrest Mining, the Australian major that’s buying into the project, has started digging down towards the mineralisation. This is no half-hearted or tentative effort, mind, but the mining out of a large tunnel or ‘decline’ as it’s known in the mining industry. A formal decision to mine the ore … Read more

British firms raise £615bn during the pandemic – but without stock market as majority want to avoid an IPO Nine out of ten firms said they had accessed new money during the pandemic Almost a third had drawn Government funds, while nearly half took bank loans More than 56% resorted to private equity funds, according … Read more

Scammers pretending to be Elon Musk and barrage of ‘get-rich-quick’ schemes lead to an explosion in cryptocurrency investment fraud By Daily Mail City & Finance Reporter Published: 00:01 BST, 28 June 2021 | Updated: 00:01 BST, 28 June 2021 Scammers pretending to be Elon Musk and a barrage of ‘get-rich-quick’ schemes have led to an … Read more

Primark-owner Associated British Foods to reveal whether sales have bounced back at fast fashion retailer By Daily Mail City & Finance Reporter Published: 21:50 BST, 27 June 2021 | Updated: 21:50 BST, 27 June 2021 Primark-owner Associated British Foods (ABF) will reveal this week whether sales have bounced back at the fast fashion retailer.  Shoppers … Read more

Jaguar Land Rover pauses production of its Defender because of worldwide shortage of microchips By Daily Mail City & Finance Reporter Published: 21:50 BST, 27 June 2021 | Updated: 21:50 BST, 27 June 2021 Jaguar Land Rover has paused production of its Defender because of the worldwide shortage of microchips.  Work has been stopped at … Read more

Experts fear a takeover of Morrisons could see the supermarket giant shift offshore for tax reasons By Francesca Washtell For The Daily Mail Published: 21:50 BST, 27 June 2021 | Updated: 21:50 BST, 27 June 2021 A takeover of Morrisons could see the supermarket giant shift offshore for tax reasons, experts fear.  The grocer is … Read more