Tesco fraud trial: Carl Rogberg heart attack puts a stop to Tesco trial February 6, 2018 The fraud trial of three former Tesco executives has been discontinued after one of the defendants had a heart attack. Former Tesco UK finance director Carl Rogberg had a heart attack last Thursday, it emerged today. He is in hospital. He has been standing trial on charges of fraud and false accounting alongside former UK [...]
Strong results from Hargreaves Lansdown fail to beat a FTSE slump February 6, 2018 Investment platform Hargreaves Lansdown succumbed to the FTSE slump this morning, as its share price fell more than three per cent despite a strong set of first-half results. The figures Hargreaves’ net revenue climbed 17 per cent year-on-year to reach £216m, smashing through consensus predictions of £212.9m. Profit before tax meanwhile jumped 12 per cent [...]
Return of volatility to equity markets sparks renewed fears of algorithmic trading “vicious cycle” on Vix and VVix February 6, 2018 Markets were quiet – too quiet – as global stock markets enjoyed a steady rise over the past year. Now volatility has come back with a bang as shares have slumped. The Vix volatility index, the Wall Street “fear gauge” which tracks the fluctuations of the S&P 500 index, rose to a high of $37.32 [...]
Bitcoin price (BTC) dips below $6,000 as cryptocurrency tumble continues February 6, 2018 The price of bitcoin briefly dipped below $6,000 early on Tuesday as the cryptocurrency sell of continued. Bitcoin is down 11 per cent to just over $6,000 at pixel time after falling below $7,000 less than 24 hours ago, according to Coindesk. It’s the lowest for the cryptocurrency since mid November and well off highs [...]
FTSE 100 follows Asia and Wall Street in third day of global equity rout February 6, 2018 The FTSE 100 plunged as trading opened at the London Stock Exchange, following the lead of equity markets in Asia and Wall Street in a third day of turmoil. The FTSE 100 lost 3.5 per cent at the open, before recovering to a loss of just under two per cent at the time of writing. [...]
Asian markets plunge after record Wall Street losses on the S&P 500 and the Dow Jones Industrial Average February 6, 2018 Stock markets in Asia and the Pacific region plunged on Tuesday morning as the global equity rout continued for a third day. Japan’s Nikkei 225 suffered a huge 4.73 per cent loss in Tuesday trading, its worst points fall since 1990, according to London Capital Group, after both the S&P 500 and the Dow Jones [...]
Digital Innovators: Q&A with Klaus Henke, managing director of Billmonitor February 6, 2018 Billmonitor is the first ever Ofcom-accredited tariff price comparison tool for consumers. Last year Billmonitor was identified as one of 50 of the freshest and most inspiring digital companies using technology and innovation to shake up their sectors in our Digital Innovators Power List. Following a public vote and after careful consideration by supporting partners [...]
Michelle Mone’s latest bitcoin gambit is EQUI, a venture capital firm to back tech startups with its own cryptocurrency initial coin offering (ICO) February 6, 2018 Fresh from offering luxury apartments in Dubai to buyers with bitcoin, bra tycoon and baroness Michelle Mone is delving deeper into cryptocurrency. Along with boyfriend and businessman Doug Barrowman, the pair are launching a venture capital firm supported by the launch of their own cryptocurrency via what’s known as an initial coin offering (ICO), or [...]
Financial services jobs are most at risk in t he short term from automation, robotic and atificial intelligence February 6, 2018 City jobs will be lost to automation earlier than those in the wider job market, new research reveals. The first wave of automation arriving in the next two to three years will hit financial and professional services hardest compared to other industries, according to the analysis of more than 200,000 jobs across 26 counties by [...]
Vaping and tobacco industries welcome Public Health England review into e-cigarettes February 6, 2018 The tobacco and vaping industries have greeted a new report by Public Health England which found that e-cigarettes only pose minimal health risks. The review was welcomed by British American Tobacco and the UK’s vaping industry trade body among others. The review comes as a rebuke to fresh health concerns over vaping which have emerged [...]