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...The industry’s production shortfall is now being felt, as the lack of two- to three-year-old vehicles leaves dealerships facing shortages in the popular second-hand market....
...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....
...But the cyber specialist, still among the better performers of the IPO crop of 2021, has had a very bumpy three-year ride as a public company....
...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...
...Three companies’ shares rose on their Thursday debut in the US — one by more than 50 per cent — even as the broader indices weakened amid fears over the economic outlook....
...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....
...Embracer Group, which became Europe’s most valuable video games business three years ago after a rapid acquisition spree, plans to split into three listed companies as it battles to regain investor confidence...
...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....
...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....
...Smiths announced in late March that Paul Keel, an American, would leave the company immediately after less than three years in charge....
...PwC’s partners have elected consultant Marco Amitrano to lead one of Britain’s largest professional services firms, after a three-way race that included female candidates on the shortlist for the first time...
...Embracer Group, the Tomb Raider developer that became Europe’s most valuable video games business after a rapid series of acquisitions, plans to split into three listed companies as it battles to regain...
...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....
...A former communications adviser was sentenced to three years and three months in jail by Frankfurt district court on Friday after he was found guilty of insider trading spanning multiple years....
...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....
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