Mattress company Casper has pitched a significantly lower valuation in its initial public offering than its last funding round in one of the first major tests of Wall Street’s appetite for lossmaking groups since the collapse of the WeWork IPO.
Opec and its allies have held preliminary discussions about making deeper cuts to oil production if the fallout from the coronavirus outbreak keeps weighing on crude prices, which slipped to a three-month low below $60 a barrel on Monday.
Shares in Amigo fell more than 40 per cent on Monday morning after the UK subprime lender put itself up for sale in the wake of its founder retaking control and removing its chief executive and chairman.
The final week of January is shaping up to be a busy one with investors watching for updates on the coronavirus, the Trump impeachment trial, a heavy slate of US earnings, central bank meetings and crucial economic data.
A second person in the US has been confirmed to have coronavirus, the Sars-like respiratory disease that has claimed 26 lives in China and has led to public transport being shut down in a dozen cities.
Italian regulators have warned Facebook it may face a fine after allegedly failing to comply with a demand made more than a year ago for the social media group to provide its users more details on how their personal information is used.
Christopher Woolard has been named interim chief executive of the UK’s chief financial watchdog until a permanent successor is found to Andrew Bailey, who is leaving to become the next Bank of England governor.
Rémy Cointreau has revealed a much larger than expected fall in sales and declined to reassure investors that it would meet its annual profit forecast — sending shares tumbling the most in more than a decade.
Deutsche Bank has picked German political heavyweight Sigmar Gabriel to join its supervisory board, with the former foreign minister taking the place of another nominee who faced a likely veto by regulators.
Takeaway.com and Just Eat have delayed plans to list their combined company on the London Stock Exchange by one week after UK competition authorities launched a last-minute investigation into their £6bn merger.
JPMorgan Chase chief executive Jamie Dimon was paid $31.5m for 2019, up 1.6 per cent on his pay a year earlier, putting him on course to be Wall Street’s best paid bank boss for the fifth year in a row.
The S&P 500 rebounded to close modestly higher after the World Health Organization said it was “too early” to declare the spread of coronavirus a global emergency, allaying fears over a virus that has sparked growing global alarm.
The European Central Bank will examine whether it should alter its €200bn corporate bond holdings to take account of climate change, Christine Lagarde promised on Thursday as she launched its first strategic review in 16 years.
Wm Morrison plans to cut 3,000 managerial positions in its stores across the UK as part of a staffing revamp that will see it boost numbers of lower-level roles amid increasing pressure on established supermarkets.