moneymarkets

Berkeley tycoon Tony Pidgley cashes in another £50m worth of shares 

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Berkeley tycoon Tony Pidgley cashes in another £50m worth of company shares By Daily Mail City & Finance Reporter Published: 22:47 GMT, 17 December 2019 | Updated: 00:45 GMT, 18 December 2019 The housing tycoon behind Berkeley Group cashed in on the ‘Boris bounce’ by selling £50.5m worth of shares. Tony Pidgley sold just over … Read more

MARKET REPORT: NMC Health in sick bay after Muddy Waters rap

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Muddy Waters, the hedge fund which attacked AIM darling Burford Capital this year, has turned its attention to the FTSE 100. In a damning report, the fund accused private hospital provider NMC Health of ‘materially misleading’ investors at best and committing fraud or theft of company assets at worst. Led by American entrepreneur Carson Block, … Read more

Building firm upbraided for building homes with an ‘intolerable risk’ of fire

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Persimmon told its ‘culture must change’ as it’s upbraided for building homes with an ‘intolerable risk’ of fire The firm say they have made 16,000 inspection on properties so far  The company’s previous CEO, Jeff Fairburn was the country’s highest paid CEO A BBC investigation in May found that Persimmon homes had fire safety issues … Read more

NMC Health shares slump 30% as US short-seller takes aim

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NMC Health shares slump 30% as US short-seller Muddy Waters takes aim at FTSE 100-listed hospital operator About £1.4billion was wiped off NMC Health’s value on Tuesday Muddy Waters announced it has taken a short position in NMC’s shares The hedge fund said it has ‘serious’ doubts about NMC’s financial statements Also claimed the company … Read more

Investors in water firms set for lower payouts as crackdown by industry regulator will hit dividends

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Investors in water firms set for lower payouts as crackdown by industry regulator will hit dividends Water firms have been hit with the toughest crackdown in 30 years  Ofwat has ordered the firms to slash annual household bills by £50 on average  It has also asked to reduce leaks and pollution and better prepare for … Read more

FirstGroup looks into selling US assets following shareholder pressure

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Under-fire FirstGroup looks into selling off US assets following pressure from shareholders By Daily Mail City & Finance Reporter Published: 21:50 GMT, 16 December 2019 | Updated: 22:54 GMT, 16 December 2019 US operations: First Group already has plans in place to offload the Greyhound coach business (pictured)  First Group has announced the appointment of … Read more

Energy provider iSupply hit with £1.5m fine for overcharging customers

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Energy provider iSupply hit with £1.5m fine after it overcharging thousands of customers By Daily Mail City & Finance Reporter Published: 21:51 GMT, 16 December 2019 | Updated: 21:51 GMT, 16 December 2019 iSupply Energy overcharged around 4,400 of its customers under the new price cap Energy provider iSupply will pay £1.5million after it overcharged thousands … Read more

ALEX BRUMMER: Boris must protect Britain’s intellectual property

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Among the big undeclared losers from overseas takeovers are Britain’s taxpayers. The nation’s research universities, supported by public funds, are the source of dozens of commercial spin-offs, the result of work done in labs and research institutes. When the companies fall into overseas hands, the UK corporate tax base is eroded and the patents and … Read more