Tinder and Hinge owner’s shares rise as activist investor Elliott builds 10 per cent stake January 9, 2024 An activist investor is trying to turn around Match Group as the Tinder and Hinge owner faces a stock slump.
Samsung issues profit warning as microchip market stutters January 9, 2024 Samsung has said its operating profit is likely to plummet 35 per cent in the fourth quarter of 2023 as it struggles to get a grip on a microchip market that is still in the lurch. The South Korean tech giant has forecast a dip to 2.8t South Korean won (£1.7bn) in its October to [...]
Boeing 737 Max crisis deepens after loose bolts found on jets January 9, 2024 The crisis engulfing Boeing has deepened after a major US airline found loose bolts on a number of 737 Max-9 jets following inspection.
Moving markets: Five things shaping the FTSE 100 today January 9, 2024 Asian markets surge amid weaker dollar, gold and oil prices climb, bitcoin surges, United Airlines uncovers loose bolts on multiple 737 max, eyes on U.S. inflation and JPMorgan chase/Citigroup earnings this week
Oil slumps as Saudi Arabia cuts pricing across the board January 8, 2024 The price of oil fell four per cent today as one of the world’s largest-producing countries forecast price cuts across its suite of oil for the coming weeks. U.S benchmark WTI Crude had fallen 4 per cent as of 4pm GMT, while Brent Crude and Murban Crude logged slides of 3. per cent and 4.1 [...]
EV battery firm secures £776m subsidy for gigafactory in win for Europe over US January 8, 2024 Brussels has approved €902m (£776.8m) in state aid for a Swedish battery electric vehicle company to build a plant in Germany.
Booming demand for London’s legal market drives record number of City partner moves in 2023 January 8, 2024 Law firms’ partner CVs were flying around the City in 2023, as the year saw the highest number of job moves ever recorded. According to data provided by legal recruiter, Edwards Gibson, there were 510 partner moves recorded over 2023. This figure is up six per cent on the 480 partner moves recorded over 2022, and [...]
Mortgage options reach 16-year high as banks offer lowest rates since June January 8, 2024 The number of mortgage options for borrowers has reached its highest level in almost 16 years, according to financial information website Moneyfacts, as banks slash rates to compete for business in a smaller market.
E-scooters: Why Bird’s bankruptcy is a turning point for the sector’s profit scrap January 8, 2024 E-scooter startups were once some of the most hotly-anticipated businesses in Western markets. But is the industry's model busted?
CMC Markets soars 26 per cent after raising income guidance as volatility pulls traders back to its platforms January 8, 2024 CMC Markets has raised its full-year operating income guidance after noting better market conditions.