FTSE 100 did exactly what analysts predicted, and opened in the red, losing 31 points to 7,356. Mining giants Anglo-American, Rio Tinto and Glencore are some of the index’s largest fallers.
Morrisons has tabled a second last-minute bid to prevent McColl’s from the reach of its Asda-owning rivals EG Group. This came just hours before administrators were formally about to oversee its sale.
Capco and Shaftesbury, two of London’s largest West End companies, are in advanced talks about a £3.5bn merger. World-renowned destinations such as Covent Garden and Chinatown would be united under common ownership.
Barclays has allegedly avoided nearly £2bn in tax via an arrangement in Luxembourg that allowed it to pay less than 1% on profits for over a decade. It is still benefiting from the US$15.2bn sale of a fund management business in Luxembourg rather than in the UK, the report in the Guardian claimed.
Iofina announced its fourth consecutive year of record revenues, with pre-tax profits quadrupling. The iodine specialist saw revenue in 2021 rise by 31% to US$39mln.
AQRU said its AQRU.io platform surpassed US$50mln in assets under management since launching in December. The cryptocurrency platform added more than US$30mln of that since the start of April.
Kavango Resources said it has found a second target at its Great Red Spot (GRS) prospect in Botswana and it had characteristics similar to BHP’s huge Olympic Dam polymetallic operation in Australia. This is in addition to the existing potential at GRS for nickel/copper sulphide deposits, said Kavango in a statement.
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