MARKET REPORT: Rottweiler sinks teeth into feeble Ted Baker just days after profit warning

An aggressive activist hedge fund has raised its stake in Ted Baker days after the ailing retailer put out a profit warning. Toscafund, founded by Martin Hughes who is known in the City as ‘the Rottweiler’, has bumped up its holding from 5.9 per cent to 11.9 per cent. While activist investors are often something … Read more

Johnson’s Government faces first test on foreign takeovers

Johnson’s Government faces first test on foreign takeovers as decision on Cobham’s future looms By City & Finance Reporter for the Daily Mail Published: 22:01 GMT, 13 December 2019 | Updated: 10:37 GMT, 14 December 2019 Boris Johnson’s Government will face its first test on foreign takeovers next week when the Business Secretary makes the … Read more

Builders lead Boris bounce, as utilities and banks also rise on dramatic day for markets 

Builders lead Boris bounce, as utilities and banks also rise on dramatic day for markets Housebuilders, banks and utility companies led the charge  The pound soared above €1.20 for the first time since the Brexit vote in 2016  By James Salmon for the Daily Mail Published: 22:01 GMT, 13 December 2019 | Updated: 10:36 GMT, … Read more

M&C Saatchi chairman facing pressure to quit in the wake of £12m accounting fiasco

M&C Saatchi chairman facing pressure to quit in the wake of £12m accounting fiasco By City & Finance Reporter for the Daily Mail Published: 22:00 GMT, 13 December 2019 | Updated: 10:34 GMT, 14 December 2019 The chairman of M&C Saatchi could be replaced after the advertising group was rocked by a £12million accounting scandal … Read more

Banks, housebuilders, telecoms and utility giants see their share prices jump sharply

Investors, businesses and City insiders woke up to a thumping Conservative win this morning, with the threat of nationalisation and socialism under a Corbyn Government nothing more than a bad dream.  The FTSE 100 closed up 1.1 per cent at 7,353.4 today, having traded up 2 per cent at one point. Meanwhile, the more domestically-focussed … Read more

British tech tycoon Mike Lynch branded ‘thoroughly unreliable witness’

British tech tycoon Mike Lynch branded ‘thoroughly unreliable witness’ as £4bn Autonomy fraud trial enters final stages By Matt Oliver For The Daily Mail Published: 21:51 GMT, 12 December 2019 | Updated: 10:47 GMT, 13 December 2019 Mike Lynch was accused of telling ‘lie after lie’ in court yesterday as the £4billion Autonomy fraud trial … Read more

Row over ‘fake’ masterpiece lands hedge fund boss with £4.5m bill

Row over ‘fake’ 17th century masterpiece lands hedge fund boss with £4.5m bill from Sotheby’s By Mario Ledwith for the Daily Mail Published: 21:51 GMT, 12 December 2019 | Updated: 21:51 GMT, 12 December 2019 An American hedge fund boss has been forced to pay around £4.5million to Sotheby’s after it sold a 17th century … Read more