AJ Bell assets slide as volatility hits investors December 1, 2022 Trading firm AJ Bell said the value of assets on its platform had dipped two per cent in the past year as extreme volatility on the markets dealt a blow to retail investors' holdings.
Bankman-Fried claims he ‘didn’t ever try to commit fraud’ December 1, 2022 Sam Bankman-Fried tried to reject allegations he had committed fraud in the collapse of his crypto exchange FTX yesterday as he mounted his first public defence since the implosion of the exchange earlier this month.
Chief of beleaguered energy storage firm ITM Power resigns after 13 years December 1, 2022 The chief executive of ITM Power Graham Cooley has quit with immediate effect after 13 years at the helm. He will be succeeded by Dennis Shulz as the firm deferred its trading update to the end of January instead of in early December. This comes after ITM Power suffered ballooning gross losses of £23.5m earlier [...]
Class actions pose increasing threat to UK firms, new research shows December 1, 2022 Class action lawsuits pose an increasing threat to UK companies, according to new research showing the majority of British people would now willingly take part in collective claims. Most British people (60 per cent) would now be willing to take part in a claim against a company whose actions have impacted them, while 55 per [...]
Rio Tinto pledges $600m to boost miner’s renewable ambitions November 30, 2022 Rio Tinto plans to invest a further $600m in renewable energy assets across the iron ore-rich Pilbara region of Western Australia.
Federal Reserve could scale back interest rate hikes from December November 30, 2022 The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," revealed Fed Chair Jerome Powell.
Ithaca Energy records $1.4bn profits amid booming oil and gas trading November 30, 2022 North Sea producer Ithaca Energy reported bumper $1.4bn profits in its first set of results since its London debut earlier this month.
Octopus edges towards Bulb deal as judge confirms takeover date November 30, 2022 Octopus Energy are inching closer to completing their protracted takeover of Bulb, after a High Court judge set a date for the deal to be finalised.
Google sued by 130,000 firms over ad dominance November 30, 2022 Google has been sued in a claim by 130,000 firms that argue its advertising strategy has cost them billions of pounds in lost revenues. The competition claim valued at up to £13.6bn at the Competition Appeal Tribunal accuses Google and its parent firm Alphabet of abusing its dominant position in online advertising and “earning super-profits [...]
Law Society backs calls to smash City’s ‘class ceiling’ by boosting social mobility November 30, 2022 The Law Society today backed calls to break the “class ceiling” by boosting social mobility in the City. The solicitors’ body came out in support of the City of London’s push towards 50 per cent of senior leaders in the financial and professional services sector coming from non-professional backgrounds. The Law Society said it [...]