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.
Image copyright AFP Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to...
“It would have been much better to have reduced the scale of short-term liabilities earlier, as we have argued...
Mike Ashley’s Frasers Group has made a takeover approach for luxury handbag maker Mulberry, adding it was “exceptionally concerned”...
“Either they just intended to commit theft and steal the assets, or they were acting like a white hat...
The carmaking giant is investing up to £230m in its Halewood plant, safeguarding 500 jobs.
“As BYD has accelerated into the fast lane, it’s fresh evidence of just how competitive the EV market has...
Airlines UK, the trade body for airlines, admitted there had been “teething problems”, but said these would be resolved....
Andrew Opie, director of food and sustainability policy at the trade association, told the BBC: “I think we’re going...
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