Shares News

Litigation funder Burford Capital collapses as bear raid sends investors diving for cover featured picture

Litigation funder Burford Capital collapses as bear raid sends investors diving for cover

Popular retail investor stock Burford Capital (BUR:AIM) saw its market value collapse after the company was targeted by a bear raid attack. Overnight US research firm Muddy Waters launched a document making damaging accusations about Burford’s financial strength and operational reputation, describing the company as a ‘poor business masquerading as a great one’. Burford, which provides ...
Glencore earnings crash as cobalt and copper price pressure adds to self-inflected troubles featured picture

Glencore earnings crash as cobalt and copper price pressure adds to self-inflected troubles

Half year earnings from the world’s largest miner Glencore (GLEN) fell by a third as the slowing global economy led to demand drying up for raw materials. Prices for cobalt and copper have both come under pressure, although the group has also struggled with operational problems. Cobalt is used in alloys that protect parts against corrosion, while copper is used extensively in electrical ...
Market report: Glencore hit by falling metal prices, outflows dog Standard Life Aberdeen featured picture

Market report: Glencore hit by falling metal prices, outflows dog Standard Life Aberdeen

A seeming dialling down in the aggressive rhetoric between the US and China and the latter’s move to stabilise its currency helped restore some calm to the markets with the FTSE 100 trading 0.3% higher at 7.192.96 in early trading. Miner and commodities trader Glencore (GLEN) slips 1.9% to 226.95 after announcing that its half-yearly earnings fell by nearly a third, amid lower copper and ...
Boohoo in fashion following bids for online businesses of Karen Millen and Coast featured picture

Boohoo in fashion following bids for online businesses of Karen Millen and Coast

Shares in pure-play online fashion retailer Boohoo (BOO:AIM) bounced 3.3% higher to 237.7p after confirming media speculation it has made an offer to acquire the online business of British brands Karen Millen and Coast from the administrators. The bid demonstrates the increasing clout and ambition of Boohoo, flourishing at a time when online fast-fashion peer ASOS (ASC:AIM) is struggling. It ...
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