By MARK SHAPLAND Updated: 23:17 GMT, 1 December 2024 AIM-listed Metals Exploration is prepared to launch a hostile takeover for rival Condor Gold, the Mail can reveal. The showdown involves two of Britain’s best-known tycoons, with property magnate Nick Candy and Jim Mellon – who made his fortune from fund management – locking horns over…
Cryptocurrencies are booming once again. Bitcoin, the original example of digital money, hit a record high of $99,830 (£79,541) per coin earlier this month, and may have further to climb. It is no wonder, when President-elect Donald Trump has previously pledged to turn the US into ‘the world capital of Bitcoin’. It’s just two and…
By ALEX BRUMMER CITY EDITOR Updated: 10:08 GMT, 1 December 2024 Amanda Blanc needs to raise her bid for insurer Direct Line by ‘several hundred million pounds’ if the Aviva boss is to secure control of its rival, founder Sir Peter Wood says. Speaking to The Mail on Sunday from his Palm Beach mansion in…
By JEFF PRESTRIDGE Updated: 21:50 GMT, 30 November 2024 Investment trust Polar Capital Global Financials offers investors the chance to make money from some of the world’s leading financial brands – such as JPMorgan, Mastercard, Visa and Warren Buffett’s Berkshire Hathaway. Though a specialist fund that should form only a small slice of a diverse…
By JON HOPKINS Updated: 11:28 GMT, 30 November 2024 Having made further steps towards a major restructuring of its business, Anglo American got support from analysts at Jefferies, who upgraded their rating for the blue-chip miner to ‘buy’ from ‘hold’. Though there are still risks around the restructuring, which has seen Anglo American sell off…
Few opposition parties receive enough time to prepare for government as Keir Starmer’s Labour. The only surprise about Britain’s July 4 General Election was the timing. When Rachel Reeves outlined Labour’s economic plans in the US in May 2023, with an accompanying policy paper, the central theme was ‘securonomics’. There was a paean of praise for the Biden…
By CITY & FINANCE REPORTER Updated: 21:55 GMT, 29 November 2024 Sky has threatened legal action if the competition watchdog approves a £15billion merger between Vodafone and Three next week. The broadcaster and mobile provider has told the Competition and Markets Authority (CMA) it will be ‘forced’ to challenge the decision if the regulator approves the deal…
By CALUM MUIRHEAD Updated: 21:55 GMT, 29 November 2024 Broker Peel Hunt’s boss has warned that money is ‘draining out’ of the London stock market and added that sentiment in the City was hit by the Budget. Chief executive Steven Fine hailed a pick up in dealmaking but he sounded the alarm over the lack…
Investment bank reported pre-tax profit of £1.2m in six months ending September By HARRY WISE Updated: 09:46 GMT, 29 November 2024 Peel Hunt swung back to profit in the first half following a rebound in dealmaking volumes and appetite for public listings. The investment bank posted a £1.2million pre-tax profit for the six months ending…
By JESSICA CLARK Updated: 07:15 GMT, 29 November 2024 High street retailers are pinning their hopes on a Christmas trading boost after a slump following a dismal Budget for the sector. As stores reel from Rachel Reeves’ decision to burden the industry with £7billion of extra costs, bumper trading during Black Friday and the festive…
