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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Wilko: First job losses confirmed as deal to buy whole firm fails
admin, , Business, 0
The GMB union, which represents about 4,000 Wilko staff, said it remained hopeful for a bid from a viable...
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Number of firms in critical financial distress rises sharply
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Begbies Traynor, which publishes regular health checks on the state of British businesses said its “Red Flag Alert” research...
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Crystal Bar vape giant deletes TikTok after giveaway with no age verification
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Some flavours, such as Gummy Bear, are named after sweets, which have been criticised as likely to appeal to...
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Deliveroo shares rise on first full trading day as some riders go on strike
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Some of the UK’s biggest investment fund managers, such as Aberdeen Standard, Aviva Investors, BMO Global, charity fund manager...
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Temu shoppers risk buying items made by forced labour, MP warns
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Chloe Cranston from Anti-Slavery called on Temu to provide “full transparency on its supply chain,” while the Chief Executive...
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Apple profits double as it squares up to Facebook
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Apple’s figures across multiple sectors, across the world, are exceptional. In places like China, which has mostly been lockdown-free...
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Bosses failing to support domestic abuse victims, says government
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Coronavirus: Domestic abuse helpline sees lockdown surge
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Bates learned of knighthood at Post Office inquiry
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The campaigner and former sub-postmaster, Alan Bates, was at the public inquiry into the Post Office scandal when he...
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