Billionaire founder of scandal-plagued NMC Health (NMC) resigns two months after American short-seller attack. The Indian-born founder of healthcare firm NMC Health has stood down from his company after questions over the company’s finances.
Fund firm Jupiter Fund Management (JUP) proposes takeover of rival Merian Global Investors which would create a £67billion British investment giant. Jupiter Fund Management has confirmed a proposed acquisition of smaller rival Merian Global Investors, to create a £67billion fund giant.
Investment platform Interactive Investor snaps-up rival The Share Centre for £62m. Under the deal, The Share Centre investors will receive 41p in a combination of cash and shares, which is a 40 per cent premium to its closing price of 29p on Friday.
Ashley (Laura) Holding (ALY) shares crash as it’s revealed the troubled retailer is seeking a funding lifeline from US bank Wells Fargo. The homeware and fashion chain said that its Malaysian owner, MUI Asia Limited, is in talks with US lender Wells Fargo to unlock more money to meet ‘immediate funding requirements’.
Footwear retailer Shoe Zone (SHOE) has warned it may have to shut down a fifth of its stores, equating to around 100, if the Government does not reform business rates.
