Tag Archives: Investment

Monarch airline agrees £165m investment from Greybull

UK airline Monarch has settled worries over its immediate future by agreeing a £165m investment from Greybull Capital. The fresh financing has allowed the airline to renew its membership of the Air Travel Organisers’ Licensing (Atol) scheme – the scheme that refunds customers if a travel firm collapses. It also means the airline can invest in new aircraft.… Read More »

Drone racing takes to the Sky with $1m investment

Sky is spending $1m (£757,000) to bring live drone racing to UK viewers. The satellite broadcaster is making the investment in the Drone Racing League (DRL) to bring competitive flying to its new Sky Sports Mix channel. The league specialises in “first person-view” drone racing, which features pilots flying custom drones through complex three-dimensional racecourses. One of the… Read More »

Barclays first-quarter profit falls 33 percent as investment banking slowdown bites

Barclays (BARC.L) reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its U.S. peers in reporting falling investment banking revenues in a weak global market environment. Barclays said first quarter pretax profits fell to 793 million pounds ($1.15 billion), just below the average forecast… Read More »

Investment in penny stocks under tax scanner

After the securities market regulator, the income tax department has clamped on individuals misusing the stock exchange platform for evading taxes and converting black money into white. The Central Board of Direct Taxes (CBDT) has directed officers to open cases against individual taxpayers who have booked capital gains or losses by transacting in penny stocks. These are scrips… Read More »