‘Profiteering’ Home REIT to be sued over misleading investor information December 7, 2022 Beleaguered property investor Home REIT has been hit by a lawsuit from investors today amid claims it is “profiteering from the housing crisis” and used misleading information to raise cash. The social housing-focused firm has been hammered by a slew of claims from short sellers in the past two weeks over the quality of charity [...]
Odey Asset Management taking sexual assault claims “extremely seriously” – reports December 6, 2022 Bosses at Odey Asset Management have reportedly said they are treating claims of sexual assault against founder Crispin Odey “extremely seriously”, after new claims were reported in the media this week.
No regulatory ‘race to the bottom’ says Glen as City braces for rules reform December 6, 2022 A top Treasury minister said the government was not “deregulating for deregulation’s sake” today as the government tries to soothe concerns it will overzealously slash rules governing the financial sector.
Curve strikes $1bn deal with Credit Suisse to fund pay-later push December 6, 2022 Fintech payments firm Curve said it had struck a $1bn deal with Swiss lender Credit Suisse today to fund a growth push for its buy-now pay-later product, Flex.
FCA tightens financial promotion rules over risky investment fears December 6, 2022 The City watchdog revealed it is tightening its financial promotion rules today amid fears that firms are peddling products to consumers without proper oversight.
M&A slumps as UK dealmakers sit out rocky markets December 6, 2022 Mergers and acquisitions in the UK have slumped back to pre-pandemic levels this year as dealmakers play the waiting game amid wild swings on the markets, official figures have revealed. A total of 459 domestic and cross-border deals were completed in the third quarter of the year, nine down on the previous quarter and 159 [...]
Bob Diamond’s acquistion vehicle abandons merger with crypto firm Circle December 5, 2022 Bob Diamond’s acquisition vehicle has scrapped a deal to take cryptocurrency firm Circle public today as the sector is rocked by the collapse of crypto exchange FTX and a slump in prices.
Bitcoin could tumble to £4,100 next year, analysts warn December 5, 2022 Bitcoin could plunge by a further 70 per cent next year as investors scramble for safe havens like gold amid continued turmoil on the markets, analysts have warned.
Credit Suisse shares jump on rumours of Saudi Crown Prince investment December 5, 2022 Shares in beleaguered lender Credit Suisse have been given a boost today on reports that Saudi Crown Prince Mohammed Bin Salman is poised to snap up a stake of its spun out investment banking division.
Home REIT ‘significantly’ inflated property value, claims shadowy activist investor December 5, 2022 Home REIT has faced calls for its board to be sacked today for “significantly” inflating its property portfolio, in the latest of a string of attacks against the social housing investor in the past two weeks.
