Musical instruments retailer Gear4music said on Wednesday that it had purchased stock and certain intangible assets with a cost value of £1.8m from rival GAK’s administrators for just £600,000. However, Gear4music added that it was not acquiring any part of GAK’s trading business, nor any other assets or liabilities, and noted that it has no
Wall Street stocks closed higher on Tuesday as the first trading day of Donald Trump’s second presidential term was a positive one for major indices. At the close, the Dow Jones Industrial Average was up 1.24% at 44,025.81, while the S&P 500 advanced 0.88% to 6,049.24 and the Nasdaq Composite saw out the session 0.64%
Gold miner Endeavour Mining said on Tuesday that it will receive $60.0m from Lilium Gold as part of a settlement agreement brokered by the government of Burkino Faso for the disposal of its Boungou and Wahgnion mines. Endeavour said the deal will see Lilium transfer the ownership of the Boungou and Wahgnion mines to the
Hargreaves Lansdown posted record assets under administration and a big increase in net new business for the full-year. The investment platform said that total assets under administration jumped by 16% to reach £155.3bn over the year ending on 30 June, while net new business flows increased by £4.2bn or 13% less than one year earlier.