Argentex confirms talks with IFX Payments for acquisition deal
April 24 (Reuters) - British currency risk management company Argentex Group (AGFX.L), opens new tab confirmed on Thursday that it was in advanced discussions with IFX Payments for a possible acquisition of the company at 2.49 pence per share, as it battles a liquidity crunch due to ongoing turbulence in the financial market.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
18 minutes ago
- Reuters
China's forex reserves up $3.6 billion in May, less than expected
BEIJING, June 7 (Reuters) - China's foreign exchange reserves rose by a less-than-expected $3.6 billion in May, official data showed on Saturday, as the dollar continued to weaken against other major currencies. The country's foreign exchange reserves, the world's largest, rose 0.11% to $3.285 trillion last month, below the Reuters forecast of $3.292 trillion. They were $3.282 trillion in April. The increase in reserves was due to "the combined effects of factors such as exchange rate conversion and asset price changes," China's State Administration of Foreign Exchange said in a statement. The yuan weakened 1.05% against the dollar in May, while the dollar slid 0.23% against a basket of other major currencies .
Daily Mirror
5 hours ago
- Daily Mirror
Liverpool make huge new Wirtz offer in bid to strike British record transfer
Liverpool have submitted a new offer to Bayer Leverkusen for Florian Wirtz - but are still below the German club's valuation of the player. The bid totals £113million with £100m initially and a further £13m in add ons. It would be a British transfer record, eclipsing the £107m that Chelsea splashed out on Enzo Fernandes back in 2023. But Bayer Leverkusen believe the German star is worth £126m (€150m). Talks are continuing between the clubs and will go on through the weekend. Liverpool do not want to pay the full asking price the Bundesliga side are looking for and are hoping to strike a compromise. Wirtz, 22, has made it clear to his club that he only wants to move to Anfield after Manchester City opted out of the race for his signature when it became clear his preference was Merseyside. Sporting director Richard Hughes is leading negotiations and is hopeful a deal can be reached in the coming days. Boss Arne Slot sees Wirtz as a player who can push Liverpool forward as they bid to defend the Premier League title and go for glory in the Champions League. He's seen as a talent who can make an instant impact but with the potential to become even better over the coming years. Personal terms won't be an issue once a fee is agreed and the player is waiting for the green light to head to Liverpool for a medical next week after Germany face France in the Nations League third-place play-off on Sunday. Rudi Voller, the former Leverkusen sporting director, speculated that progress on a deal was being made earlier this week. 'It's no secret that he'd like to go to Liverpool,' Voller told DAZN. 'I know the clubs are negotiating with each other. [But with] transfers like this [it's] often the case that it takes a while until an agreement is finally reached. Of course, in the end, you have the feeling it will go through. 'Florian Wirtz has proven that he is a very, very valuable player. Not only for Bayer Leverkusen but also for the national team. That's why he costs a few euros more.' Join our new WhatsApp communityand receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
Business News Wales
5 hours ago
- Business News Wales
Combinable Crops Review Targets Fairer Returns for Farmers
Combinable Crops Review Targets Fairer Returns for Farmers A new UK Government review aims to tackle unfair practices in the combinable crops supply chain. Combinable crops, such as cereals (like wheat and barley), oilseeds, and pulses, are harvested using a combine harvester. They provide essential ingredients for food, animal feed and fuel. Environment Secretary Steve Reed said: 'British growers work incredibly hard to produce world-class food, and deserve fair, transparent contracts that reflect that. 'This review is a major step forward in giving arable farmers a stronger voice, better protection and fairer returns for the food they produce. 'We're proud of the vital work farmers undertake every day to feed our nation, which is why we're investing £5 billion – the largest ever budget for sustainable farming.' The UK Government has appointed former NFU president Baroness Minette Batters to lead reforms. It says that it will collaborate with devolved governments in a bid to develop a fairer, more transparent supply chain. A formal public consultation will be launched, giving farmers and other stakeholders the chance to share their experiences.
