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SG Fleet Group Limited (SGF) has announced that Westmann Bidco Pty Limited, backed by Pacific Equity Partners (PEP), has received approval from the Financial Conduct Authority (FCA) for its proposed acquisition of all SG Fleet shares via a scheme of arrangement. This satisfies a crucial condition precedent outlined in the Scheme Implementation Deed. The acquisition, […]

The Trump administration has imposed stricter sanctions on Russia’s oil, gas, and banking sectors by letting an exemption expire that had allowed Russian banks to conduct energy transactions through US payment systems. The move, which took effect on 13 March, is expected to make it more difficult for countries to buy Russian oil, potentially pushing

Chinese equities surged on Friday, with the CSI 300 Index at one point climbing 2.5% to its highest level this year, as investors anticipated new policy measures to boost consumption. Consumer stocks led the rally, with liquor makers Kweichow Moutai and Wuliangye Yibin jumping more than 5% each. In Hong Kong, the Hang Seng Index

Tin prices have soared to their highest levels in nearly two years as the suspension of Alphamin Resources’ Bisie mine in the Democratic Republic of the Congo exacerbates a tightening global supply. London Metal Exchange (LME) tin climbed as much as 9% on Friday, reaching $37,100 per tonne before settling around $36,160. The rally follows

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week.   Investment markets and key developments   Global share markets fell again as uncertainty over Trump’s tariffs and the gathering global trade war added to fears about a hit to growth and profits. After

A look at some of the companies making the news on Friday. Catalyst Metals (ASX:CYL) Begins Ore Extraction at Plutonic East Catalyst Metals has commenced first stoping ore production at its Plutonic East mine, marking a major step in the company’s expansion of the Plutonic Gold Belt in Western Australia. The mine, previously on care

Treasury Secretary Scott Bessent has conceded that a recession is possible but downplayed concerns about the recent stock market sell-off, stating that corrections are “healthy” and “normal.” His comments come amid increased market turbulence following the Trump administration’s sweeping tariffs on key trading partners. “There are no guarantees,” Bessent said in an interview on NBC’s

BMW has warned that newly imposed tariffs will cost the company approximately €1 billion ($1.09 billion) this year as global trade tensions intensify between the United States, Europe, and China. The German automaker said on Friday that its earnings margin for its automotive segment is expected to fall between 5% and 7% in 2025, compared

Swedish battery manufacturer Northvolt filed for bankruptcy on 12 March 2025, bringing an abrupt end to a company once seen as Europe’s best hope of challenging Asian dominance in electric vehicle (EV) battery production. Northvolt cited rising capital costs, geopolitical instability, supply chain disruptions, and shifting market demand as the main factors behind its financial

Stocks rallied on Friday, clawing back some of the steep losses seen over the week as investors got a reprieve from tariff-related headlines.   The Dow Jones Industrial Average rose 674.62 points, or 1.65%, to close at 41,488.19. The S&P 500 climbed 2.13% to end at 5,638.94, while the Nasdaq Composite advanced 2.61% to settle