nosediving

Boris’s lockdown batters the stock market with shares in BA and Wetherspoons among those nose-diving

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Boris Johnson’s new lockdown plan sent shares in retail and leisure firms plummeting today as the stock market reacted to his hastily released plans.  British Airways owner IAG, Wetherspoons, Cineworld, JD Sports, EasyJet and pub and restaurant owner Mitchells and Butlers all saw heavy falls in their share price this morning. Airlines, pubs and non-essential retail … Read more

MARKET REPORT: £142m loan scam sends oil firm Lekoil nosediving 73%

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The uncovering of an elaborate scam sent shares in AIM-listed Lekoil crashing to an all-time low. The oil company had been duped into believing it had secured a £142million loan from the Qatar Investment Authority, which it was going to put towards further drilling off the coast of Nigeria. So sure was it that it … Read more