Did the IMF ruin El Salvador’s Bitcoin party? The president seems to think so September 8, 2021 Bitcoin suddenly found itself below $47,000 after a dramatic dip which El Salvador's president appears to blame the IMF for.
Britney Spears’ father files to end controversial conservatorship after 13 years September 8, 2021 Britney Spears’ father has filed papers in a Los Angeles court to unexpectedly terminate the conservatorship that has controlled the singer’s life for 13 years. The singer, who is 39, has unsuccessfully sought to remove him from the role twice in the last two years. But now Jamie Spears wrote that his daughter “is entitled [...]
Credit Suisse names new compliance chief after Greensill and Archegos scandals September 8, 2021 Credit Suisse has named Rafael Lopez Lorenzo as its new chief compliance officer less than six months after several senior executives left the bank, which is still recovering from the twin scandals of Archegos Capital Management and Greensill Capital. From 1 October Lorenzo, who is currently the head of group internal audit, will take over from [...]
Exclusive: Share price drops and less access to capital loom if supply chain issues persist, City insiders warn September 8, 2021 Investment managers in the City and across the UK warn that companies without sustainable supply chains will attract less investment and see share prices fall, according to a new report shared exclusively with City A.M. this morning. Nearly 85 per cent of investment managers believe that businesses who do not fix supply chain sustainability initiatives [...]
Dunelm sales grow 26.3 per cent in a year to £1.3bn – CityAM : CityAM September 8, 2021 The UK’s leading homeware retailer, Dunelm, has seen sales of £1.3bn for the 2021 financial year, up from £1.0bn in FY20. In the year ending June 26 2021, profit before tax soared by 44.6 per cent, jumping from £109m to £158m. Shareholders were treated to a bumper payout after going without in FY20. Diluted earnings [...]
Kraken intelligence report points to potential for Ethereum to shine September 7, 2021 Kraken's highly-anticipated monthly intelligence report is suggesting Bitcoin may be about to take a back seat as altcoins drive crypto momentum in Q3.
PM hikes National Insurance, dividends tax to pay for social care reform : CityAM September 7, 2021 Britons will be hit with £12bn-a-year tax rises to pay for increases in NHS and social care spending, with National Insurance and dividends tax in Boris Johnson’s crosshairs. A new Health and Social Care Levy will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022, while taxes on [...]
World 12s: Ex-RFU chief Ritchie reveals plans for ‘IPL of rugby’ : CityAM September 7, 2021 Some of rugby union’s biggest names have announced plans to launch a new 12-a-side tournament, World 12s, in England next year. The competition would feature eight franchise teams playing in 30-minute matches over three consecutive weekends in August and September. World 12s chairman Ian Ritchie, the former head of the Rugby Football Union and Premiership [...]
Paying for the privilege: inside the members’ club with a conscience September 7, 2021 As I write this, the weight of the world’s many crises feels heavy on my shoulders. The Conduit’s reopening comes at a time of general global unease. Closed in 2020 during the pandemic, and following the exceptional collective effort of its co-founders, team, and board thereafter, it will make its return next week to an [...]
Happy Bitcoin Day! Thousands pledge support as crypto becomes legal tender in El Salvador September 7, 2021 All eyes on El Salvador and the crypto markets today as president Nayib Bukele declares the cryptocurrency legal tender.