Cobalt Holdings Won't Proceed With London IPO
The company made the announcement in a statement Wednesday afternoon. The offering had aimed to raise about $230 million to make an initial purchase of cobalt from mining giant Glencore Plc, and to pay for storage costs.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Fabrizio Romano confirms Liverpool working on mega double transfer
Richard Hughes is working on a double transfer for Liverpool according to Fabrizio Romano. The Reds' sporting director is not resting on his laurels. As well as trying to get a deal over the line for Alexander Isak, Hughes is also trying to bring in two more recruits at least. 🚨2025/26 LFC x adidas range🚨 LFC x adidas Shop the away range TODAY LFC x adidas Shop the home range today! LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! This is after a summer of unprecedented change and spending. Liverpool have broken their club record to sign Florian Wirtz, and paid hefty sums to bring in Hugo Ekitike and Milos Kerkez. But that investment is not enough in order to replace some of the club's departed stars. Liverpool need to provide depth in the attacking and defensive areas. Particularly at centre-back, where currently Arne Slot has just three senior options to choose from, one of them is injured in Joe Gomez. Hughes still has just less than three weeks to get deals over the line and according to Romano he's currently working on a double transfer that could be mega business from him yet again. 🔴 Shop the LFC 2025/26 adidas away range Given Liverpool's depth in the centre-back department, they probably need not just one but two new arrivals this summer. They were already a man short last season, and that's before Jarell Quansah departed for pastures new. So there is a need here to improve that department and Hughes is working on what could be a mega double deal according to Fabrizio Romano. Posting on his X account, Romano confirmed that Liverpool are working on a deal to sign both Marc Guehi and Giovanni Leoni. While previously others have suggested it's one or the other, Romano here has clarified that Liverpool want to sign both, which means there is the potential for an incredible double deal.
Yahoo
26 minutes ago
- Yahoo
Energy regulator ‘disappointed' after strike announcement
Ofgem has expressed disappointment about a strike announced by workers at the energy regulator over pay and conditions. Hundreds of members of the Public and Commercial Services union (PCS) in Glasgow, London and Cardiff will walk out for three days from August 26. An Ofgem spokesperson said: 'We are disappointed to hear the PCS has today announced industrial action. 'Around a third of Ofgem's workforce are PCS members, and we continue to engage with them and staff on these important issues. 'As with the rest of the public sector, it's vital we are as efficient and effective as possible for the households and businesses we serve, while also ensuring we attract and retain the people and skills we need. 'Our priority will be to minimise disruption to our operations and to continue to serve consumers across Britain.'
Yahoo
26 minutes ago
- Yahoo
Shoe Zone blames Budget tax hikes as chain halves profit forecast
Shoe Zone has halved its profit guidance in the face of weaker consumer spending, partly blaming the impact of the Labour Government's budget tax hikes. The high street chain said it was knocked back by 'challenging trading conditions' in both June and July. It told shareholders that is saw a further drop in consumer confidence 'following on from the Government's October 2024 budget announcement'. Shoe Zone bosses said they saw weaker 'discretionary spending' and decreased footfall in stores due to the impact of inflation, interest rates and higher savings rates. The Leicester-based retail chain said this has a caused a 'resultant reduction in revenue and profit'. It therefore said in a statement to the stock market that it is on track for an adjusted pre-tax profit of around £2.5 million for the year to September 27. The company had previously forecast a profit of £5 million for the year. Shoe Zone said it will also withdraw its previous plans for paying out dividends due to the weaker performance. The company said: 'Management remain confident with the underlying strategy, with the 200th new format store opening this month. 'The company remains debt free and confident in our cash management, with cash levels currently higher than the same period last year.' Shoe Zone runs 271 stores across the UK and has around 2,150 employees. Shares tumbled by around 20% in early trading on Wednesday.
