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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Financial Services

FIVE at FIVE: Britishvolt enters administration, Bank of England warns on looser insurance rules, Rio Tinto results, and Ramsdens upgraded...

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Britishvolt calls in administrators after filing for insolvency

The company, that had been trying to develop an electric vehicle battery factory in northeast England, has called in administrators from EY after failing to find investors for a rescue bid.

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2. Bank of England warns looser insurance rules could spark repeat of Equitable Life failure

UK taxpayers could be forced to bail out policyholders under planned new rules for insurers according to the Bank of England echoing events of around 20 years ago.

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3. Rio Tinto meets guidance in fourth-quarter numbers

The mining company's numbers match its full-year guidance, according to broker SP Angel, despite iron ore shipments being at the lower end of the range.

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4. FTSE 100 rallies but comes up just short at the close

The UK's main index's comeback attempt fell just short by the close, finishing at a respectable 7,851 points for a 0.1% loss on the day.

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5. Pawnbroker Ramsdens' price target upgraded following strong results

The pawnbroker has seen a big increase in operating profits thanks to a strong rebound in its travel money business and jewellery sales.

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