Bruised Home REIT suspends shares after accusations and delayed accounts January 3, 2023 Beleaguered property investor Home REIT announced it would suspend trading on the London Stock Exchange today after being rocked by a slew of accusations over the quality of its tenants and the sustainability of its business model. The housing firm, which buys up properties and leases them to charities for those without permanent addresses, has [...]
Show’s off: Cineworld dismisses talk of deal with Odeon-owner AMC January 3, 2023 Beleaguered cinema chain Cineworld rubbished suggestions it was in talks to sell off some of its assets to Odeon-owner AMC today, after the US firm claimed it had been in talks to snap up some of Cineworld’s US and European theatres last month. London-listed Cineworld, the world’s second largest cinema chain, filed for bankruptcy in [...]
One in five mergers canned as volatility spooks dealmakers December 29, 2022 Nearly 20 per cent of all mergers and acquisitions were canned this year as dealmakers took fright at the extreme turbulence shaking global markets, new data has revealed. One in five deals were abandoned in 2022 while some 26 per cent were put on ice as private equity firms and corporate dealmakers opted to sit [...]
‘Works for me’: Musk dismisses Twitter troubles after thousands report issues December 29, 2022 Elon Musk looked to dismiss reports of Twitter malfunctioning today after thousands of users across the UK, US and Japan were hit by outages. Up to 15,000 users were hit by issues on the Twitter app, with some 2,500 UK-based users facing problems, Reuters reported. London-based internet monitor NetBlocks said Twitter was experiencing “international outages [...]
Sacked: Football clubs change chiefs at four times the rate of top UK firms December 29, 2022 Football clubs have proved they are a more ruthless group than Britain’s biggest firms this year as top clubs sacked their bosses at four times the rate of FTSE-100 firms.
Goldman Sachs poised to slash headcount next month December 29, 2022 The chief of Goldman Sachs has warned staff he will slash the bank’s headcount by around eight per cent next month in a bid to bolster profits in the face of recession next year.
Five tech funding rounds that bucked the gloom this year December 23, 2022 At first glance, you’d be forgiven for thinking it had been another fairly rosy year for tech firms raising cash in the Capital. London’s start-ups bagged £16bn throughout the year; the capital now boasts more high growth firms and ‘unicorns’ than many European countries; and the UK’s tech industry on the whole sailed past a [...]
Exclusive: Top fintechs slam regulators for slow progress on open banking December 20, 2022 A group of top fintech firms including Monzo and Wise have slammed UK regulators for a lack of progress on open banking today, claiming the “integrity and potential” of the regime in the UK is at risk.
Collapsed crypto exchange FTX looks to claw back Bankman-Fried’s political donations December 20, 2022 The collapsed crypto exchange FTX is looking to claw back the hefty political donations made by its founder Sam Bankman-Fried as its new management team tries to recover customers’ cash and repay a long list of creditors. In a statement today, the firm said it had been approached by a number of recipients of “contributions [...]
FTX founder Sam Bankman-Fried agrees to US extradition in major U-turn December 20, 2022 The disgraced founder of FTX, Sam Bankman-Fried, has agreed to be extradited to the US from Bahamas where he faces a slew of fraud and conspiracy charges from federal prosecutors.
