Daily Archives: September 18, 2020

Shares tank on fears of another lockdown within weeks

Shares in companies that would suffer in a second lockdown plunged as ministers warned ‘circuit-break’ restrictions could come into force within weeks. Firms in every corner of the economy were hit by the warnings with airlines, engineering groups and banks leading the fallers. Prime Minister Boris Johnson said the UK …

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Covid-hit Gemfields plunges to £50m loss

Gemfields swung to a loss as Covid-19 shut its mines and cancelled crucial gem auctions. The Faberge owner and precious stones miner, which has counted celebrities such as actor Mila Kunis (pictured) among its celebrity ambassadors, said turnover had tumbled 83 per cent to £16million in the first six months …

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TRUST WATCH: Montanaro UK Smaller Companies Trust

What is it? The Montanaro UK Smaller Companies Trust invests in small firms listed on the London Stock Exchange and the junior market AIM.  Managed by Charles Montanaro, who founded and owns the parent investment firm, it aims to grow investors’ money rather than focus on giving them an income. …

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PUNT OF THE WEEK: GoCo is behind the Gocompare price comparison

What is it? The company behind the Gocompare insurance price and comparison website – and its well-known opera-singing adverts. Listed on the main market, its other brands include discount voucher site My Voucher Codes. What’s the latest? Revenue was up by 9 per cent year-on-year in the first half of …

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DIRECTOR DEALS: Rightmove boss sells £1.1m of company shares 

Rightmove boss Peter Brooks-Johnson sold £1.1million of shares in the FTSE 100-listed property site group. Brooks-Johnson exercised the rights to more than 171,000 shares this week and sold them immediately after. The 47-year-old, who has been chief executive since 2017, sold the stock at an average price of 615p – …

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Nvidia boss promises guarantees on jobs if Arm takeover is approved 

Nvidia’s boss Jensen Huang has promised to give ‘legally binding’ guarantees on jobs Nvidia’s boss has promised to give ‘legally binding’ guarantees on jobs if his company’s takeover of British rival Arm is approved. MPs, unions and Arm’s co-founders have raised concerns about the takeover by the American chip giant, amid …

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