Bitcoin price flat at $20k, but market optimism growing July 6, 2022 The price of Bitcoin is broadly flat over the past 24 hours, with the leading cryptocurrency changing hands at about $20,200 this morning.
Crypto regulation overlooks sustainability issues July 6, 2022 Discussions around crypto regulation gloss over the negative environmental impacts of crypto, with sustainability concerns overlooked, new research shows. Data from regulatory technology provider CUBE showed that just 0.1 per cent of crypto regulatory issuances in 2022 were focused on sustainability. The data does not take into consideration the EU’s MiCA regulation agreed last week. [...]
Root and Bairstow shone but England Test team will eventually be challenged July 6, 2022 What unfolded in the sun at Edgbaston yesterday will go down in cricketing history as England completed a record run chase of 378 to topple India and scrape a five-match series draw. The result amounts to the pinnacle of a Ben Stokes-Brendon McCullum era in its infancy but sets out exactly how this Test side [...]
M&S shareholders rebel over outgoing boss Steve Rowe bonanza £1.6m bonus at AGM July 5, 2022 A significant minority of M&S shareholders protested a £1.6m bonus payout to former top boss Steve Rowe at the supermarket’s AGM on Tuesday. After the digitally-held meeting, the grocer said all its resolutions had been approved “with substantial support,” with some 70 per cent of votes in support of its remuneration policy. Some critics had [...]
French music streamer Deezer drops 35 per cent at debut July 5, 2022 Shares in Deezer have plunged over 35 per cent in the French music streamer's first day of trading as the markets struggle to see how it can compete with the likes of Apple Music and Spotify.
Number 10 admits Boris Johnson knew of official complaint against Chris Pincher before giving him ministerial jobs July 5, 2022 Number 10 has been forced to admit Boris Johnson was personally briefed on an official sexual misconduct allegation against Chris Pincher, before he was then handed a series of ministerial jobs. Johnson’s spokesman said a “complaint was made” against Pincher when he was a junior foreign office minister in 2019 “and looked into through the [...]
EP: 144 Saving Horses In Ukraine July 5, 2022 In this special episode, we speak to Newmarket trainer Gay Kelleway who, along with many other brave volunteers, are travelling to Europe with much needed supplies helping to save horses who have been left behind due to the war in Ukraine. Hosted by Chris Barnett. Donations for this inspirational project can be made to the official [...]
Bank of England urges greater crypto regulation after crash to prevent financial stability risks July 5, 2022 The Bank of England called for a strong regulatory regime for crypto after the recent crash to prevent financial stability risks in the UK. In its Financial Stability Report today, the Bank said the “extreme volatility” in crypto recently exposed several vulnerabilities in crypto markets and was similar to past volatility in traditional financial systems. [...]
doceo Watch List July 5, 2022 Discount Watch: 9 That’s the number of trusts whose discounts hit 52-week highs over the last seven days – an improvement on last week’s 14. Of the nine, three make an appearance for the second consecutive week: UK investor Diverse Income Trust (DIVI); Baillie Gifford European Growth (BGEU); and European big box investor Tritax EuroBox (EBOX). Sector-wise, property and private equity [...]
HgCapital and a dash of HG Sauce July 5, 2022 Inflation on the up; recession threat rising; markets in the land of the bears – just three of the issues confronting the private equity sector today. Standard operating procedure for investors in private equity investment trusts when faced with such a backdrop? Assume heavy NAV markdowns, a dearth of realisations and significant widening of discounts. [...]