Watchdog launches investigation into Elon Musk and brother over alleged insider trading February 25, 2022 The US’s top financial watchdog has reportedly launched an investigation into Elon Musk and his brother Kimbal over insider trading, after the Tesla boss held a poll on twitter asking if he should sell off his stake in the firm.
Jupiter Fund Management reports profits boost despite outflows February 25, 2022 Asset management giant Jupiter recorded a 21 per cent surge in profits last as the firm’s acquisition of Merian led to a boost in performance.
British Airways owner IAG closes losses as it heads towards recovery February 25, 2022 British Airways owner International Airlines Group (IAG) said a “recovery is underway” today as it closed losses for the year and reported a rise in passengers.
Publisher Pearson posts jump in profits after digital push February 25, 2022 Publishing giant Pearson beat analyst’s expectations today with a 33 per cent jump in profits as it pushed ahead with a digital transformation.
Fintech Founders attack government for inaction on closing funding gap February 25, 2022 A body representing some of the UK’s leading fintech bosses has attacked the government for inaction in closing a significant funding gap in the sector.
London-based Red Sift closes $54m funding round to drive US expansion February 24, 2022 London-based cybersecurity firm Red Sift has closed a $54m funding round today as it prepares to accelerate its global expansion with a new US headquarters in Texas.
London-listed Russian stocks plummet after Putin launches invasion of Ukraine February 24, 2022 Shares in major London-listed Russian firms plunged this morning after Vladimir Putin launched a full-scale invasion of Ukraine and Boris Johnson threatened to “hobble” Russia with sanctions in retaliation.
Gold surges as investors seek steady ground following Russian invasion of Ukraine February 24, 2022 Gold and palladium prices surged this morning as investors looked for steady ground in a morning which saw global equity markets plunge after Russia invaded Ukraine. Gold climbed 3.4 per cent to $1,971.54 per ounce by 11:40 GMT, the highest since September 2020. U.S. gold futures jumped 2.4% to $1,956.00. “Investors are diverting investments from [...]
Rolls Royce boss Warren East to step down as profits rebound February 24, 2022 Rolls-Royce reported a rebound in performance this morning as underlying profits hit £414m after the firm implemented a wide ranging overhaul which saw 9000 jobs cut permanently.
Anglo American profits soar to $20.6bn as bosses prepare to hike dividends February 24, 2022 Mining giant Anglo American reported record full year earnings and prepared to more than triple its annual payout to shareholders, as it felt the lift of soaring commodity prices which have boosted profits across the sector.
