Always check the balance sheet – the lessons to be learned from Cradle Arc’s disastrous month (CRA)

Last week saw Cradle Arc (LSE:CRA) place its 60pc-owned subsidiary Leboam Holdings into provisional liquidation. Leboam owns Cradle Arc’s flagship asset, the producing Mowana copper mine in Botswana. The move occurred less than 12 months since Cradle Arc listed on the London market, raising questions whether this business was ever fit for a public listing.…

Yu Group dives as accounting crisis continues (YU)

Corporate gas and electricity supplier Yu Group (LSE:YU.) crashed to 61p on Thursday after an investigation into its accounts revealed that its profits will fall by more than £10m. The news comes a day after the Financial Conduct Authority revealed plans to launch a review into the accuracy of Yu’s announcements this year. Yu’s shares…

EVR Holdings streams first-ever virtual gig with One Direction’s Liam Payne (EVRH)

EVR Holdings (LSE:EVRH) sat at 5.7p this morning after broadcasting its first-ever virtual reality (VR) gig. The business streamed a concert by One Direction’s Liam Payne to 36 countries through its MelodyVR platform and Facebook Live. MelodyVR simulates the experience of being at a concert and allows fans to buy digital tickets to sold-out, real-world…