Labour peer nets millions as investors in his collapsed Koovs fashion firm are wiped out Koovs went under on Tuesday in a pre-pack administration Its chairman, Lord Waheed Alli, bought the clothing company, saving jobs But small shareholders in the AIM-listed company will lose out Alli’s TV production company was snapped up on the very … Read more
The Isa season officially ended with the tax year but the UK’s biggest DIY investment platforms have upped the ante in their bid to win investors’ funds by unveiling new propositions. Interactive Investor has announced the introduction of three subscription plans involving a monthly fee to replace its existing quarterly charging structure from 1 June. … Read more
Britain’s stock market-listed businesses urged to allow ordinary investors to buy shares in wave of coronavirus cash calls A raft of London-listed firms have launched emergency rights issues But so far, only institutional investors like hedge funds have been taking part Individual investors are being shunned despite their pre-emption rights But app PrimaryBid allows retail … Read more
Tesco’s annual results may have been overshadowed by the steps it is taking to cope with the coronavirus pandemic, but the nitty-gritty of today’s numbers deserve a closer look. The supermarket’s latest preliminary results cover the year to 29 February and do not cover the spell of mass panic buying in the last few weeks. … Read more
Absolute return funds – designed to turn a profit come what may – fell 4.9 per cent during the market carnage last month, new analysis reveals. That loss looks benign relative to the massive declines seen elsewhere, particularly among small company and equity income funds, as the coronavirus crisis demolished global markets. The standout performer … Read more
Investors mis-sold inflation-busting mini-bonds from an unregulated firm which went bust at the start of April could be in line for payouts of up to £85,000, the Financial Services Compensation Scheme said. Basset & Gold Plc, which sponsored West Ham United football club, raised as much as £36million from 1,800 investors between its founding in … Read more
Investors bet against bookie as doubts grow over £10bn merger between Paddy Power owner and Canadian rival By Calum Muirhead For The Daily Mail Published: 21:50 BST, 10 February 2020 | Updated: 21:55 BST, 10 February 2020 The blockbuster merger to create the world’s largest gambling company ‘is not a done deal’ and could be … Read more
Savers’ lifeline as Tesco mulls £550m payout: 220,000 small investors in line for dividend By Matt Oliver For The Daily Mail Published: 21:55 BST, 5 April 2020 | Updated: 22:15 BST, 5 April 2020 Tesco is expected to press ahead with a £550m dividend for shareholders this week. The supermarket giant is likely to post … Read more
WH Smith expected to be among first in string of retailers to tap investors for cash after being forced to close lucrative travel business By Neil Craven, Financial Mail on Sunday Published: 21:55 BST, 4 April 2020 | Updated: 23:12 BST, 4 April 2020 WH Smith is expected to be among the first in a … Read more
Investors face fifth week of market chaos as coronavirus crackdown batters British businesses By Tom Witherow For The Daily Mail Published: 21:51 GMT, 22 March 2020 | Updated: 21:51 GMT, 22 March 2020 Financial markets are braced for their fifth week of turmoil as the City reacts to the latest crackdown on British businesses. Prime … Read more