Binance CEO announces timeline for public listing – CityAM : CityAM September 2, 2021 The CEO of Binance, the world’s largest crypto exchange by trading volume, has announced a possible roadmap for an Initial Public Offering. CEO Changpeng Zhao said “Binance.US is just going to do what Coinbase did” announcing plans to list the company on an exchange in the next three to five years depending on market conditions. [...]
CMC Markets remain buoyant despite dip in trading activity – CityAM : CityAM September 2, 2021 CMC Markets expects to capitalise on long-term growth opportunities, despite experiencing a dip in trading activity on its trading platforms. In a trading update released today, the trading platform said: “The Group continues to have confidence in the long term growth opportunities of the business and in conjunction with further progress on its strategic initiatives.” [...]
Ryanair beats August passenger number forecasts as recovery throttles up : CityAM September 2, 2021 Budget carrier Ryanair beat its passenger number targets for August as the long-awaited return of international air travel finally got under way. The Irish airline flew 11.1m passengers last month, more than the 10.5m it had previously predicted, and double the number it carried in June. Also Read: Summer holidays: Wizz Air passenger numbers jump [...]
Babcock sells off helicopter business for £10m September 1, 2021 Babcock, the British defence and engineering business, has sold off its helicopter operations branch for £10m after purchasing it for £1.6bn in 2014. The Group’s Aviation sector, which is being purchased by CHC group, provides offshore oil and gas crew transportation services in the UK, Denmark and Australia. Babcock said that its divestment from oil [...]
The Metaverse is here, and even Facebook is getting on board September 1, 2021 A world of limitless imagination is with us now in the Metaverse, says Dr Chris Kacher.
Labour shortages make light work of fears of a post-Brexit unemployment surge – CityAM : CityAM September 1, 2021 In the two decades before the Brexit referendum, there was a large increase in the number of people moving from the EU to the UK. In the mid-1990s there were less than one million EU citizens living in the UK. By the mid-2010s, this had risen to 3.6 million. The bulk of the increase came [...]
Bitcoin and Ethereum still singing as NFTs are grabbing the microphone September 1, 2021 Bitcoin appears comfortable, lingering in the $47,000 to $47,500 range with a one per cent lift from yesterday, while Ethereum is floating over the $3,500 mark.
Clubs infuriated by scant detail of vaccine passport proposals – CityAM : CityAM September 1, 2021 Downing Street confirmed it still plans to introduce vaccine passports for nightclubs from the end of this month, to the frustration of the late night sector. There had been reports the Government could choose not to introduce the policy at the last minute as a bluff to drive up vaccinations among young people. However, the [...]
Former HSBC boss John Flint lands UK Infrastructure Bank chief executive job – CityAM : CityAM September 1, 2021 John Flint, the former CEO of HSBC, has been appointed as the first chief executive officer of the new government-backed UK Infrastructure Bank. Chancellor Rishi Sunak has tasked Flint with leading the Bank’s mandate to identify and finance infrastructure projects as part of the government’s “levelling up” agenda. Also Read: Goodbye, John Flint: Why has [...]
Breaking: Extinction Rebellion activists smash JP Morgan windows : CityAM September 1, 2021 Green activists have vandalised the JP Morgan headquarters in Embankment using chisels and hammers to smash two windows. At around 7am this morning eight women representing Extinction Rebellion arrived at the building wearing all black and used hammers adorned with the words ‘live,’ ‘laugh’ and ‘love’ to break the glass. Activists added the words ‘in [...]