Markets | Business Post

Existential crisis: What next for the Irish stock exchange?

A number of companies have de-listed from the Irish stock exchange in recent years, for a variety of reasons – and now many fear that if Ireland can’t get IPOs of new firms, the exchange will become untenable

JP Morgan says stock market rally will fade

The US multinational thinks it is ‘too early’ to say a recession is off the table

New figures show Irish funds industry shrinks to $5.1tn

Monterey Insight, the independent fund research company also reported that the value of funds managed directly in Ireland dropped by 12.1 per cent

New hedge fund takes short bet against Smurfit Kappa

Almost €180 million of the paper company’s shares are now held by two funds taking a short bet

Man Group takes short bet against Uniphar

Uniphar’s share price has fallen from its high of nearly €5 at the start of 2022 to its current price of around €3.30

Former Glen Dimplex boss O’Driscoll ups share in life sciences investor Malin Corp

Ex-head of Irish industrial giant increases stake to €13.5 million

British hedge fund cuts stake in Ryanair

Parvus Asset Management once held nearly €1 billion worth of the airline but has been reducing its stake in recent weeks

Online retailer Boohoo sees sales drop 11% over Christmas period

Company blames delivery and distribution problems for decline in revenue

New York hedge fund doubles down on Smurfit Kappa short bet

Millennium Management is now shorting nearly 1 per cent of packaging company’s shares in a trade worth €95 million

Dermot Desmond’s punt on African Gold teeters on the edge

The billionaire Irish sponsor of the blank cheque company stands to lose a significant amount of his investment as the gold firm has a mere two months to complete a major deal while also dealing with the fallout from a major embezzlement case

Former chief financial officer at Desmond's gold firm stole money to invest in crypto and meme stocks

Cooper Morgenthau faces a possible sentence of 20 years in prison after pleading guilty to embezzling more than $5 million and losing almost all of it

Millennium takes second short bet against Smurfit Kappa

Israel Englander’s hedge fund has taken out a short position on 0.5 per cent of Smurfit’s shares, worth over €43 million

Teeling-backed mining firm posts £6.4m accumulated losses

Chairman says mineral exploration has ‘gone out of fashion’ as Botswana Diamonds reports £716,000 annual loss

Business Post's View

Editorial: Big Tech wrestles with its first bear market as oil and gas stocks soar

Silicon Valley is taking a trouncing while the volatility caused by Russia’s war on Ukraine has given energy companies a bonanza

Desmond-backed gold mine firm under US investigation

The African Gold Acquisition Corporation is being investigated by the US Department of Justice and US market regulator the SEC

Desmond lends $830,000 to African Gold Acquisition

The Irish billionaire is helping the troubled mining investment company following revelations of improper secret financial withdrawals by former CFO

Running out of credit: can Ulrich Körner steer Credit Suisse away from disaster?

Ulrich Körner, the chief executive of Credit Suisse has the unenviable task of rebuilding the reputation and clout of the embattled bank before its finances hit a brick wall

Second London hedge fund takes short bet against Kerry Group

Greenvale Capital joins Marshall Wace in betting that the food giant’s shares will continue to fall

The Big Picture

Vincent Boland: Tories have learned nothing from history as they believe their own delusions

There are many examples to debunk the myth that the Conservatives are the party of fiscal discipline; chancellor Kwasi Kwarteng’s ruinous, unfunded budget is just the latest of them

Smarttech247 set for stock market flotation at valuation of over £30m

The IT security company has opted to achieve its listing by a direct IPO, which allows it to list its shares without raising any money