A list of the top 5 largest ponzi schemes during the 21st Century

LSE General

The ponzi scheme was named after the legendary conman, Charles Ponzi from the 1920’s, and used in financial scams the world round. The scheme works by promising high return rates to investors and using other, newer investors to return that money to the earlier investors. This is why it’s also known as a “pyramid scheme,” the older investors get paid …

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Meggitt PLC (LON:MGGT), a leading international company specialising in high performance components and subsystems for the aerospace, defence and selected energy markets, has signed a contract with Bell Textron Inc for an estimated value of $73 million to supply composite de-icing propeller rotor blankets, heated spinners, fairings and pendulums to the Bell Boeing V-22 Osprey. The contract is valid for …

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Whitbread plc (LON:WTB) today announced the completion of the acquisition of a portfolio of 19 hotels in Germany, from Foremost Hospitality Group GmbH, for an undisclosed sum. The acquisition, which comprises 13 open hotels and 6 in the pipeline, gives Premier Inn a greater presence in the German hotel market. The open network and committed pipeline now stands at 52 hotels with …

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easyJet Plc (LON:EZJ) has today released a statement in relation to COVID-19. Following the increased incidence of COVID-19 cases in Northern Italy, we have seen a significant softening of demand and load factors into and out of our Northern Italian bases. Further, we are also seeing some slower demand across our other European markets. As a result we will be …

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Plus500 Ltd (LON:PLUS), a leading online service provider for trading Contracts for Difference internationally, today issued a trading update following the recent period of heightened volumes of trading across global financial markets. The Company is pleased to report a significant increase in levels of customer trading activity. The Group’s financial performance during the first quarter to date is consequently trending …

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Rio Tinto PLC (LON:RIO) has today announced to the Australian Securities Exchange (ASX): ·      the first reporting of Ore Reserves at the Western Range iron ore deposit in the Pilbara, Western Australia; and ·      an increase in titanium dioxide feedstock Mineral Resources at Rio Tinto RTFT’s mine in Havre St Pierre, Québec, Canada.  The updated Ore Reserves and Mineral Resources are reported …

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Dechra Pharmaceuticals plc (LON:DPH) has today announced that, with effect from 1 March 2020, Alison Platt will take up a new position as a Non-Executive Director of the Company. Alison’s appointment brings extensive experience of leadership in customer-driven organisations across the healthcare, insurance and property sectors as well as international experience she gained whilst leading a number of Bupa’s businesses …

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London Stock Exchange Group plc (LON:LSE) has today announced its preliminary results for the year ended 31 December 2019. Unless stated otherwise, all figures in the highlights below refer to 12 months to 31 December 2019 and comparisons with the prior 12 month period on the same basis. ·    Strong financial performance – revenue growth continues across our businesses as the Group continues …

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Man Group plc (LON:EMG) today announces the appointment of Lucinda Bell and Ceci Kurzman as Non-Executive Directors. They will both join the Board with effect from today, 28 February 2020. Lucinda will join the Audit and Risk Committee and will become Chair when Andrew Horton steps down from the Board at the conclusion of the AGM on 1 May 2020, …

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Rolls-Royce Holdings plc (LON:RR) today announced the appointment of Dame Angela Strank as a Non-Executive Director. She will join the Board with effect from 1 May 2020 and will become a member of the Nominations & Governance Committee, the Safety, Ethics & Sustainability Committee and the Science & Technology Committee. Angela is a Chartered Engineer and is currently Chief Scientist …