Redstone set for rights issue as shares soar

Redstone Telecoms, the high-flying phone stock, is expected to take advantage of its soaring share price to tap shareholders for fresh funds via a multi-million pound rights issue.

The firm made its stock market debut less than six months ago.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire