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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
Former Stobart boss who took the company to court in boardroom battle dumps his 5% stake in the firm By Daily Mail City & Finance Reporter Published: 22:33 GMT, 14 January 2020 | Updated: 22:33 GMT, 14 January 2020 The former boss of Stobart Group who took the company to court in a fiery boardroom … Read more
Google set to follow Apple, Amazon and Microsoft to become the fourth tech firm with a $1 trillion market value By Daily Mail City & Finance Reporter Published: 21:51 BST, 13 January 2020 | Updated: 21:54 BST, 13 January 2020 Google’s parent company was poised last night to become the fourth tech group to reach … Read more
Woodford management firm ‘let savers down’ by failing to raise alarm earlier, says former City minister By Daily Mail City & Finance Reporter Published: 21:50 BST, 13 January 2020 | Updated: 21:50 BST, 13 January 2020 The fund services business which oversaw Neil Woodford’s doomed investment empire is under fire for failing to adequately protect … Read more
Former boss of shipping company Cory Brothers fined £45,000 for covert share sales By Jamie Nimmo For The Financial Mail On Sunday Published: 22:01 GMT, 11 January 2020 | Updated: 13:47 GMT, 12 January 2020 Kevin Gorman has been fined £45,000 by the City watchdog A former executive of a long established British shipping company has … Read more
Just Eat finally gobbled up: Dutch rivalTakeaway.com wins right to buy food delivery company in £5.9bn deal By Daily Mail City & Finance Reporter Published: 21:50 GMT, 10 January 2020 | Updated: 09:38 GMT, 11 January 2020 One of the most brutal takeover battles of the last 12 months ended yesterday as Takeaway.com finally won … Read more
Accountancy firm hired by Sports Direct’s Mike Ashley ditches its top brass after finding problems in their own audit By A Daily Mail Reporter Published: 23:00 GMT, 5 January 2020 | Updated: 11:09 GMT, 6 January 2020 The accountancy firm hired by Mike Ashley to audit his retail empire has ditched its own top management … Read more
Third law firm pursues claims against Hargreaves Lansdown in the wake of the Woodford investment scandal By A Daily Mail Reporter Published: 23:08 BST, 2 January 2020 | Updated: 08:31 BST, 3 January 2020 Another legal firm is exploring action against former fund manager Neil Woodford A third law firm is pursuing claims against Hargreaves … Read more
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
A British company which has assembled a heavyweight board and is planning to grow marijuana in England is plotting a £100 million float that would make it the largest cannabis business on the London Stock Exchange. Cannaray will become the only London-listed UK grower of cannabis next summer if it secures its licence to cultivate … Read more