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Myenergi crashes into the red as jobs cut

  • December 19, 2024
Smart home start-up Myenergi has crashed into the red after its sales were cut and it shed more than 100 jobs. The Lincolnshire-based business has reported a pre-tax loss of £24.5m for the year to 31 May, 2024, after having generated a pre-tax profit of £8.8m in the prior year. Newly-filed accounts with Companies House [...]
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Mike Ashley loses vote to join Boohoo board

  • December 19, 2024
Mike Ashley has lost his bid to become a board member of fast-fashion giant Boohoo, which his Frasers Group is the largest shareholder. More than 63 per cent of votes were cast against the appointment of the billionaire at a general meeting in Manchester. Almost the same number of votes were also cast against Michael [...]
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Dust off the defence manuals… private equity is coming, say advisors

  • December 19, 2024
London’s listed firms have been warned to dust off their defence manuals and prepare for takeover bids as private equity investors limber up for a deals offensive on the London Stock Exchange next year. After a subdued year of dealmaking through 2024, private equity buyers are expected to reignite a swoop on the public markets [...]
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Clients of collapsed advice firm to have claims examined

  • December 19, 2024
Claims from the collapsed advice firm Tenet will be investigated by the Financial Services Compensation Scheme (FSCS) at the start of next year. Earlier this year, the firm’s administrators said 9,645 clients were “considered as being at higher risk of having received unsuitable advice”. Tenet, which billed itself as the largest independent financial adviser network [...]
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EOS Falls 16% In Selloff

  • December 19, 2024
- EOS was trading at $0.8126 by 15:03 (20:03 GMT) on the Index on Thursday, down 16.02% on the day. It was the largest one-day percentage loss since...
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