Edward Johnson

Sorry, the last lot of directors messed up. They underinvested in the business and lost our once-mighty competitive advantage. Our co-founder was half-right when he called the place a “shambles”. Therefore, we’re surrendering to a private equity takeover bid. Yes, the offer is pitched at half the peak share price from the glory days. And, … Read more

(The Hill) — The stock market surged Thursday following better-than-expected jobless claims that soothed recession fears sparked by last week’s weaker-than-expected jobs report. The Dow Jones Industrial Average closed with a gain of 683 points, or 1.8 percent, while the Nasdaq composite was up 2.9 percent. The S&P 500 gained 2.3 percent, its best day … Read more

The pound is on track for its longest run of falls in almost a year, as financial markets clawed back losses from Monday’s sharp sell-off. After a turbulent week on the markets, sterling was heading towards its fourth weekly drop in a row on Friday afternoon, the longest run of losses since September 2023. The … Read more

(NewsNation) — Paramount Global will cut 15% of its workforce, about 2,000 employees, even as the company announced streaming service Paramount+ was finally profitable. Paramount+’s revenue grew 46% year-over-year, according to a second-quarter financial report. The company credited the original series “Knuckles” and other content for the increase, though subscription revenue also went up 12% … Read more

Fears of a recession in the US. The biggest one-day fall on the Japanese stock market since 1987. Policymakers away on their summer breaks, leaving their deputies in charge. All familiar enough territory for August – one of the most dangerous months in the economic and financial calendar. In theory, August should be a month … Read more