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...Investors have pulled about $2.7bn over the same period, including more than $1.8bn in outflows the first three months of 2024, according to data from Morningstar....
...And I [looked up] ‘Who is the company that has done the worst over the last year?’ and one of the companies was Amigo Holdings. I had no clue about what Amigo Holdings was....
...Amigo’s shares have been suspended from trading pending more news on the deals. The company said that if the transactions go through, existing shareholders would be “significantly diluted”....
...“I used Morningstar,” Crogh told Alphaville: And I [looked up] ‘Who is the company that has done the worst over the last year?’ and one of the companies was Amigo Holdings....
..., payments provider Payzinos and digital magazine company Magazinos, in exchange for newly issued Amigo shares....
...Following withdrawals including by Provident’s doorstep lending operations and guarantor lender Amigo, that collapsed to about 0.3 per cent last year, estimates not-for-profit Fair4AllFinance....
...The truth is that the impact of regulatory crackdowns — including compensation claims that drove high-cost lenders like Provident Financial and Amigo out of the business — tends to be bigger than initially...
...Novo Nordisk has agreed to acquire three manufacturing sites for $11bn, as the Danish drugmaker races to expand production of the weight loss drugs whose runaway success has sent the company’s valuation...
...Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial...
...Munich prosecutors have charged Wirecard’s former chief financial officer with fraud more than three years after the payments company collapsed in one of Germany’s biggest corporate scandals....
...The company had also considered a new scheme without the £15mn minimum payment, which would require a smaller capital raise....
...Failure would mean liquidation for the company, lower payouts for creditors and a wipeout for shareholders. UK regulators are regularly and rightly lambasted for being too soft on misconduct....
...The watchdog said it would have imposed a fine of £72.9mn but recognised that it would cause “serious financial hardship” to the company....
...A resulting flood of compensation claims threatened to bankrupt Amigo. That forced the company to agree to settle claims at a rate of about 40p in the pound....
...However, the company has struggled to find investors to raise £45mn which will go towards customer redress and to finance new lending. If Amigo fails to raise capital by May 26, it will be wound down....
...The company’s shares rose 11.3 per cent in early trading while rivals American Airlines, Delta Air Lines, and Southwest Airlines all added more than 3 per cent....
...If this isn’t your cup of tea then check out Trevor Milton’s 10/10 plea for leniency or the latest twist in the Amigo saga....
...The combination would reduce the number of operators in the UK from four to three. The deal was first announced last June after more than a year of talks between the companies....
...The talks with Apollo about a deal were at an early stage, said three of the people familiar with the matter....
...Had it issued a fine, Amigo had no means of paying — shares are down from £1.4bn when it listed to £12mn. Retail investors would have been wiped out....
...First, companies promise the moon: lower mobile prices and more investment....
...So below are three zombies of my own — though I’m not sure they quite fit the zombie metaphor, since they may not have been properly killed in the first place....
...This is an audio transcript of the Unhedged podcast episode: ‘Three markets, three highs’ Katie MartinOK, buckle up for a vibe shift in markets....
...“There is a shift in power among the top five companies, which will probably continue,” said Nabila Popal, research director at IDC....
...The Czech billionaire’s investment approach seems pretty straightforward: target very well-known, very underperforming companies....
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