Lots of big investment firms, such as hedge funds, had bet on GameStop to lose a lot of value, meaning they borrowed shares in the company and then sold them, with a promise to buy them back at a later date. This is called “short selling” or “shorting” and the idea is to make money as the share price falls.
The section receiving the most scrutiny states that “except to the extent prohibited by applicable law”, participants give the...
Rosalind Brewer, chief executive of Walgreens Boots Alliance, said: “We have now completed a thorough review of Boots and...
Image copyright Getty Images Suit maker Moss Bros, which has 125 stores, is considering shutting shops as part of...
Those whose convictions have been quashed are Josephine Hamilton, Hughie Noel Thomas, Allison Henderson, Alison Hall, Gail Ward, Julian...
A 91-year-old former sub-postmistress from County Durham, the oldest victim of the Post Office IT scandal, has been offered...
“While no regulator can, or should, guarantee companies will not fail in the future, we will continue to take...
In the meantime, with the leaders of seven of the world’s richest countries here, mapping out a recovery from...
Clayton, Dubilier & Rice is highest bidder in the battle for the UK’s fourth-largest supermarket group.
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