I tipped this British stock when its shares cost 19p. Today they're worth £1.44... and here are four more UK stocks that deliver through thick and thin: MIDAS SHARE TIPS
Some firms are one-hit wonders - all the rage for a year or two before fading into insignificance or collapsing altogether.
It's much harder to keep a company going for decades, ensuring customers are happy, adapting to change and delivering growth year in, year out. For investors, however, they can be the most rewarding stocks to own.
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The Guardian
an hour ago
- The Guardian
John Textor provides another twist in Crystal Palace ownership saga
The Crystal Palace ownership saga has taken another twist with the club's largest shareholder, John Textor, listing his holding company Eagle Football for an initial public offering in the US. Textor's multi-club operation, which also owns majority shares in Lyon and Botafogo, has submitted a draft registration statement to the US Securities and Exchange Commission. An IPO is when a private company first sells shares to the public. Eagle documents seen by the Guardian show that the company has made a confidential S-1 filing, with institutional investors invited to buy shares in it. Neither the volume nor prices of the shares to be listed has been made public. Eagle has sustained heavy losses in recent years largely due to its big spending at Lyon, rather than Palace. Textor first announced plans for an Eagle IPO, which would be the first conducted by a multi-club football group, with a company valuation of $2bn (£1.47bn) last November, but the timing of the listing is curious given his involvement in sale talks at Palace, and the uncertainty over whether the club will be allowed to compete in the Europa League next season. Textor declined to comment or discuss his intentions. Lyon have also qualified for the competition and Uefa rules prevent clubs with the same owners both taking part. As previously revealed by the Guardian, Uefa has rejected an offer by Textor to put his 44.9% stake in Palace into a blind trust as he missed the 1 March deadline, and the American has since stepped up his efforts to sell. The Guardian reported on Thursday that the New York Jets owner, Woody Johnson, has offered £190m to buy Textor's shares in a move that would be welcomed by the club chairman, Steve Parish, although that price is believed to be considerably short of his valuation. A consortium including NBA star Jimmy Butler and investment company Sportsbank has also made an offer. Textor's preference would be to sell to fellow shareholders Josh Harris and David Blitzer, who each own 18% of the club, but despite months of negotiations they have been unable to agree on a price. Textor has spent around £180m on Palace since buying an initial 40% stake for £87m four years ago, with his investment crucial to the redevelopment of the club's training ground and funding numerous player purchases, and is reluctant to sell at a big loss. Palace have expressed confidence they will be cleared by Uefa to take part in the Europa League on the grounds that Textor does not have a 'decisive influence' at the club, and if they are thrown out are likely to appeal to the court of arbitration for sport. Uefa made renewed contact with Palace seeking clarification on elements of their submissions last week, which the club have interpreted as a positive sign. In a potentially worrying development for Palace, Drogheda United were expelled from the Conference League last week due to multi-club issues. The Irish Premier League club are owner by the American investors Trivela Group, whose Danish club Silkeborg have also qualified for the competition and been given primacy by Uefa as they finished higher in their domestic league. Sign up to Football Daily Kick off your evenings with the Guardian's take on the world of football after newsletter promotion Drogheda responded by saying they will take the matter to Cas, and the Palace case also appears destined to be decided by the court in Lausanne. To complicate matters further, Nottingham Forest would be promoted from the Conference League to the Europa League if Palace are banned by Uefa. Forest have written to Uefa outlining their position and they, in turn, could take the matter to Cas if Palace are allowed to stay in the Europa League.
Reuters
2 hours ago
- Reuters
Exclusive: US Export-Import Bank considers $120 million loan for Greenland rare earths project
June 15 (Reuters) - Critical Metals Corp (CRML.O), opens new tab has received a letter of interest from the U.S. Export-Import Bank (EXIM) for a loan worth up to $120 million to fund the company's Tanbreez rare earths mine in Greenland, in what would be the Trump administration's first overseas investment in a mining project. The loan, if approved, would boost U.S. access to minerals increasingly at the center of global economic trade and help offset the country's reliance on market leader China. It also comes after President Donald Trump openly mused earlier this year about acquiring the Danish island territory, an overture that has been repeatedly rejected. In a letter dated June 12 and reviewed by Reuters, New York-based Critical Metals has met initial requirements to apply for the $120 million EXIM loan and, if approved, would have a 15-year repayment term, longer than the company likely would have with private financing. The project would have to be "well-capitalized with sufficient equity from strategic investors" to receive the loan, the letter said. EXIM, which acts as the U.S. government's export credit agency, said in the letter that Critical Metals qualifies for a loan program designed to support companies that compete with China. The Tanbreez project is expected to cost $290 million and the EXIM funds would be used to fund technical work and get the mine to initial production by 2026. Once fully operational, the mine is expected to produce 85,000 metric tons per year of a rare earths concentrate and two minor metals. "This funding package is expected to unlock significant value for our project and our stakeholders," said Tony Sage, the company's CEO. Representatives for EXIM were not immediately available to comment. The move is the latest in a series of supportive actions by Washington toward the Tanbreez deposit and Greenland's mining sector. Reuters reported in January that former President Joe Biden's administration had successfully lobbied privately held Tanbreez Mining not to sell to a Chinese developer and instead sell to Critical Metals. Biden officials were visiting Nuuk as recently as last November trying to woo additional private investment, opens new tab in the island. Trump sent Vice President JD Vance to the island in March. The island's mining sector has developed slowly in recent years, hindered by limited investor interest, bureaucratic challenges and environmental concerns. Currently, only two small mines are in operation. Rare earths have strong magnetic properties that make them critical to high-tech industries ranging from electric vehicles to missile systems. Their necessity has given rise to intense competition as Western countries try to lessen their dependence on China's near-total control of their extraction and processing. Beijing in April put export restrictions on rare earths as part of its trade spat with Trump. The two countries earlier this month reached a truce, although Beijing's control of the sector has exacerbated the West's over-reliance and sparked a global hunt for fresh supplies. Despite the loan potential, Critical Metals would still have to either build a processing facility or find an existing site with spare capacity. The company told Reuters that its goal is to process the material inside the U.S., a goal the EXIM loan would make more achievable. Last year, Critical Metals had applied for funding to develop a processing facility from the U.S. Department of Defense, but the review process stalled ahead of Trump's January inauguration. For the EXIM loan's additional funding requirements, Critical Metals said it is considering offtake agreements, royalty streams and funding from other U.S. governmental agencies. Critical Metals told Reuters earlier this year that it has held supply talks with defense contractor Lockheed Martin (LMT.N), opens new tab, among others. Critical Metals' 10th-largest investor is brokerage firm Cantor Fitzgerald ( which was formerly led by Howard Lutnick before he joined Trump's cabinet as secretary of the U.S. Commerce Department. Sage told Reuters in January he had never met or talked to Lutnick, but acknowledged Cantor's investment was a positive for his company. EXIM last year extended a letter of interest to Perpetua Resources (PPTA.O), opens new tab for a loan worth up to $1.8 billion for its antimony and gold mine in Idaho.
The Independent
2 hours ago
- The Independent
Canada agrees to ratify Britain's accession to major trans-Pacific trade pact
Canada has agreed to ratify Britain's accession to a major trans- Pacific trade pact as Sir Keir Starmer and Mark Carney revived talks on a stalled bilateral deal. Ottawa will seek to introduce legislation to its parliament this autumn to formally approve Britain's entry to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The UK joined the bloc in 2024, but Canada is yet to ratify its accession – meaning Britain still faces pre-CPTPP trade barriers in exporting to the country. Following a bilateral meeting between the Prime Minister and his Canadian counterpart Mark Carney on Sunday, Downing Street said: 'Prime Minister Carney confirmed that Canada would ratify the UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), seeking to introduce legislation to their parliament in the autumn. 'This will bring huge benefits to UK businesses by lowering tariffs when buying from and selling to Canada. 'They also agreed to set up a joint taskforce to turbocharge progress on other areas of mutual benefit, including technology and artificial intelligence – in support of shared growth and our national security. 'The taskforce will also look to make progress on the wider UK-Canada Free Trade Agreement.'
