Hargreaves Lansdown shares jump after profits beat gloomy estimates August 8, 2022 Shares in Hargreaves Lansdown surged nearly 10 per cent today after the retail investment platform beat analyst estimates last week with pre-tax profits of £269.2m.
SoftBank boss ‘ashamed’ as Vision Fund suffers $23.1bn loss August 8, 2022 Japanese investment giant SoftBank crashed to a $23.1bn loss in the second quarter of the year as its flagship Vision Funds were battered by the rout on global markets.
Aviva looks to settle investor nerves after share price slide August 8, 2022 Aviva shareholders are braced to see whether the insurance giant can regain some momentum this week after its share price has stalled in recent months to trade no higher than 30 years ago.
Boost financial education to nurture young investors, says London Stock Exchange boss August 7, 2022 The boss of the London Stock Exchange has called for better financial education in schools to prevent a generation of young investors being shut out of capital markets.
US Federal Reserve’s rate hike cycle takes centre stage in investors’ minds August 7, 2022 Investors are grappling with a mix of challenges they have not faced in years. Tighter monetary policy. Sky-high inflation. Strong geopolitical tensions. These factors have driven volatile swings in asset prices. Usually in times of uncertainty, investors pile into the US dollar and American assets. And that is exactly what they are doing now. US [...]
Warren Buffett’s Berkshire Hathaway books $43.8bn loss after slide on equity markets August 6, 2022 Warren Buffett’s Berkshire Hathaway was hit by the global rout on equity markets in the second quarter of the year as it booked a hefty $43.8bn loss.
Chinese-owned Nexperia withheld cash from Newport Wafer Fab to snap up on the cheap August 6, 2022 The Chinese-backed owner of the UK’s largest chipmaker Newport Wafer Fab pushed it into financial difficulties and stalled a private equity takeover so it could buy the firm cheaply, according to reports.
Crypto firms spend £1.9bn on sports sponsorships as they rack up advertising expenditure August 5, 2022 Crypto companies have spent $2.4bn (£1.9bn) globally over the last year and a half on sports sponsorships as they splurge on marketing. Major crypto firms have signed deals with big athletes, sporting franchises, and leagues as they seek to rival the marketing prowess of non-crypto brands, according to Bloomberg. Crypto exchange Binance has signed with [...]
Equity exodus continues as UK investors pull £416m from funds August 5, 2022 Nervous UK investors are pulling cash from equity funds in droves as soaring inflation continues to batter global stock markets.
Crypto firm puts out 10 per cent bounty for stolen funds after £157m vanishes August 5, 2022 Crypto firm Nomad announce today a 10 per cent bounty for the $190m (£157m) stolen funds it lost in a hack this week. The company said it would give the bounty to hackers who return at least 90 per cent of the funds and will consider them to be “white hats”, meaning Nomad would not [...]