Spacs, which became a major story in the US stock market at the start of this year, are shell companies that are set up with the sole purpose of merging with a private firm to take it public. However, they have lost much of their lustre after some of the companies that merged with them failed to deliver on their ambitious financial projections.
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Julien Macdonald: Welsh fashion designer’s firm goes into liquidation
admin, , Business, 0
“Due to the loss and under-performance of several key contracts, including its main UK retail licensee, along with a...
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Tesla share price falls after Elon Musk’s Twitter poll
admin, , Business, 0
“Elon Musk doesn’t like to do things in a conventional way and so holding a poll on Twitter about...
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New powers sought to stop illegal ticket resales
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George Lusty, the CMA’s senior director for consumer protection, said: “Over recent years, we have taken strong action to...
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Waitrose signs up Deliveroo for rapid food delivery
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Image copyright Getty Images Waitrose has signed a deal with takeaway food company Deliveroo to give customers a fast-track...
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FTSE 100 index of leading shares hits highest since March
admin, , Business, 0
“The deal should see sentiment towards the FTSE indices recover just as the dividend payout ratio improves, vaccines...
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Heat pump grants worth £5,000 to help replace gas boilers
admin, , Business, 0
The England and Wales grants aim to reduce carbon emissions, but will cover a maximum of 90,000 heat pumps.
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Record numbers not working due to ill health
admin, , Business, 0
Speaking to the BBC’s Today programme, Darren Morgan, director of economic statistics at the ONS, said that since the...
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Inflation: Food and furniture cost drive inflation higher
admin, , Business, 0
As cuts in VAT for hospitality and tourism end at the end of March and energy prices rise, “that...
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