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GameStop shares slump as it plans $1bn post-rally stock sale A GameStop store on March 10, 2021 in San Francisco, California. (Photo by Justin Sullivan/Getty Images) GameStop shares slump more than eight per cent at the US open today after the video game retailer said it may sell up to $1bn worth of stock as it takes advantage of a dizzying rally in its shares this year on the back of a Reddit-driven retail trading frenzy. Shares in GameStop this afternoon recovered somewhat but were down 7.2 per cent at $180. The company said it would sell up to 3.5m shares and use the proce...

IG Group suspends leveraged bets in 900 shares Britain’s oldest spread-betting firm has stopped offering margin trading on 900 shares, the Financial Times reported. Some of the London-listed shares affected include Saga, Mulberry and Hikma Pharmaceuticals. IG said the move involved less than 8 per cent of the leveraged equities it had been offering and does not affect the shares its customers can trade through its stockbroking service. The boom in trading since the start of the pandemic has raised concerns in some quarters than unsophisticated traders will suffer big losses...

GameStop’s stock slide speeds up as US senator steps in GameStop has seen its shares fall sharply after a buying frenzy sparked by amateur traders (Getty Images) The slide in GameStop shares accelerated today as US officials warned they may step in to investigate the trading frenzy that has roiled markets in recent weeks. A surge in buying by amateur traders, fuelled by activity on social media, sparked big moves in shares of companies that were shorted by Wall Street hedge funds. But many of these stocks have posted sharp declines this week as the trading frenzy began to w...

Startups in their earliest stage missed out on funding with the majority of the government’s Future Fund investment going to companies at a venture or growth stage.

Silver shines this morning as the metal is experiencing a rise in demand thanks to postings on Reddit, targeted in The post This morning: Silver receives Gamestop treatment on Reddit appeared first on CityAM.