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MARKET REPORT: Rolls-Royce investors back £2bn cash call

Rolls-Royce shareholders have backed the British engineer’s £2bn cash call, throwing it a lifeline as its tries to survive the Covid crisis.  The emergency fundraising – through the sale of new shares – will allow the jet engine maker to unlock a wider support package worth £5billion in total.  This …

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St James’s Place raked in £1.4bn over last three months

St James’s Place (SJP) revealed it has raked in £1.4billion over the last three months as it attempted to move on from a blistering shareholder attack.  The wealth manager is in the crosshairs of activist investor Primestone Capital, which has accused SJP of ‘excessive pay’ and ‘disappointing’ share price performance.  …

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The Hut Group comes under fire from advising banks

The Hut Group has come under fire from the banks that shared £35m in fees just over a month ago for advising it on its stock market float.  JPMorgan and Goldman Sachs are among those to have raised concerns over potential governance issues surrounding the ecommerce retailer.  Talking the talk: …

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Mercedes Benz to take 20% stake in Aston Martin

Mercedes Benz will take a 20 per cent stake in Aston Martin under a groundbreaking deal for the two car makers to share technology.  Aston will give the German group shares in exchange for access to cutting-edge kit, including for electric cars.  Mercedes will also be able to put a …

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