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Title: Stockmark.IT

Publisher:  categoryx
Message frequency:  10.7 / day

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Mike Ashley’s Frasers Group has completed the acquisition of luxury department store Harvey Nichols, signalling an immediate programme of significant restructuring to secure the long-term viability of the two-century-old retailer. The deal transfers control of the brand, including its flagship Knightsbridge location and international franchise operations, to the owner of Sports ...

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Revenue derived from North Sea oil and gas operations has continued to diminish, representing the most significant reduction in income for Scottish public finances. According to a report published by Government Expenditure and Revenue Scotland, cash contributions from the sector to the public purse have fallen by more than £400 million on a year-on-year basis. […]

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British defence contractor BAE Systems has agreed to pay a civil penalty of $36m (£26.7m) following the discovery of more than 100 breaches of United States arms export regulations. The settlement was announced by the US Department of State on Thursday, concluding an administrative review into violations committed by the company’s American subsidiary. The agreement […]

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Data and artificial intelligence firm Databricks has raised $5 billion in a strategic funding round, achieving a post-money valuation of $190 billion. The company announced the capital raise on Thursday, 13 August, marking a significant increase from its previous valuations of $134 billion in February and $62 billion in January 2025. This latest investment underscores […]

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The United States Department of Energy is preparing to provide an additional $1 billion in funding to X-energy for its advanced nuclear reactor project in Texas. This new financial commitment brings the total amount of federal support available for the initiative since 2021 to as much as $2.15 billion. The allocation marks a significant escalation […]

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