Confirmed: Home REIT investment adviser distances itself from troubled firm ahead of US listing January 4, 2023 Home REIT’s investment adviser, Alvarium, has sold off the division responsible for managing the property firm’s portfolio in a move that distances itself from the troubled housing provider ahead of a US public listing today. Home REIT, which invests in social housing for people without a fixed address, has been targeted by short sellers over [...]
FTSE 100 shakes off January blues to pop on first trading day of 2023 January 3, 2023 The FTSE-100 shrugged off fears of industrial unrest and a slowdown across Asian markets this morning as it jumped beyond 1.5 per cent at market open.
Venture’s gender gap: Top tech investors still don’t trust female founders, researchers find January 3, 2023 Tech investors still do not trust female entrepreneurs due to the prevalence of male founders and the popular perception that top tech tycoons are all young white men, researchers have found. In a new peer reviewed study, researchers at Vienna University of Economics and Business found that investors backing tech start-ups seek out certainty in [...]
FTX: Crypto exchange’s new chief has ‘cavalier attitude to truth’ – regulator January 3, 2023 Crypto exchange FTX and its new boss has been accused of having a “cavalier attitude towards the truth” and failing to cooperate with authorities during bankruptcy proceedings. FTX, founded by disgraced former billionaire Sam Bankman-Fried, imploded in November after allegedly dishing out billions of dollars of customers’ cash to its sister trading firm Alameda Research. [...]
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.
