Bill Gates says he’s not involved in crypto or NFTs, mocks them for being based on “greater fool theory” June 15, 2022 Bill Gates is sceptical of cryptocurrencies and non fungible tokens (NFTs), blasting them for being based on “greater fool theory”. Speaking to TechCrunch on Tuesday, Microsoft’s billionaire ex-CEO said he’s not involved in crypto or NFTs, saying they were “100% based on a sort of greater fool theory, where someone is going to pay more [...]
AssetCo boss says ‘still much to do’ as firm posts first half loss June 15, 2022 The boss of AssetCo said today there was “still much to do” as the newly expanded asset manager posted pre-tax losses of £2.6m for the first half of the year.
Q&A: Are we heading towards a commodity super-cycle? June 15, 2022 | City Talk Commodities have achieved strong price gains recently, prompting speculation that we could be in the early stages of a so-called super-cycle; a sustained period of growing demand exceeding supply. Global commodity prices have moved higher in the past few months, partly due to geopolitical issues such as Russia’s invasion of Ukraine. A mismatch of demand [...]
SoftBank lines up dual listing in London for Arm IPO June 15, 2022 SoftBank is lining up a London listing for some of its stake in British chipmaker Arm, in a turnaround from earlier plans to float the firm solely in New York, according to reports.
Population of High Net Worth Individuals in the UK grew to 609,400 in 2021 as wealth rose globally June 14, 2022 The number of people in the UK with investable assets of $1 million or more, called High Net Worth Individuals (HNWI), rose 6.3 per cent to 609,400 in 2021 as wealth increased globally. The 2022 World Wealth Report by Capgemini on Tuesday revealed that the global HNWI population grew 7.8 per cent in 2021, with [...]
Progress on Arm London listing ‘hugely significant’, says tech chief June 14, 2022 Tech chiefs have hailed the possibility of a London listing for British chipmaker Arm as “hugely significant”, after the digital minister said progress had been made in discussions with the firm’s owner SoftBank this week.
Five doodles to explain climate investing in multi-asset June 14, 2022 | City Talk Our multi-asset investment team has drawn five doodles that help you understand how they think about climate investing. 1. Sustainability is a two-way thing All investors should consider the impact of the climate on their portfolio. But investors whose portfolios have a sustainability objective should go one step further. They should consider the impact their portfolio [...]
Extremely successful? Extremely lucky! June 14, 2022 | City Talk People who are extremely successful in business or investing tend to think of themselves as more skilled and hard working than the average person. No doubt they are on some level, but the more extreme their success, the greater the role luck plays in achieving it. Luck is so critical to extreme success, in fact, [...]
Allica Bank bags £55m funding led by British Business Bank subsidiary June 14, 2022 Fintech business lender Allica has bagged a fresh £55m round of funding today to “fuel its continued growth” as it eyes up profitability this year.
Crypto plummets as Binance pauses Bitcoin withdrawals and Celsius stops redemptions June 13, 2022 Major cryptocurrencies plunged on Monday after Binance halted Bitcoin withdrawals and Celsius suspended all redemptions. Bitcoin dropped over 18% while ether fell more than 20% on Monday afternoon after Binance , the world’s largest crypto exchange, suspended Bitcoin withdrawals. The suspension came after crypto lender Celsius announced it would halt withdrawals, swaps, and transfers between [...]