FTX: Bankman-Fried claims he ‘basically forgot’ about account holding $8bn customer cash November 17, 2022 FTX founder Sam Bankman-Fried has launched an attack on regulators for failing to protect consumers today, even as he admitted he “basically forgot” about an account holding $8bn of customer’s cash.
Mitie feels the pinch of covid-contract drop-off November 17, 2022 Outsourcing firm Mitie said a drop-off in high-margin Covid contracts had dented profits in the first half of the year despite new contract wins and price inflation helping lift revenues.
Investec rolls out £350m share buyback as revenues jump November 17, 2022 Investec said it would roll out a share buyback programme today
Bankman-Fried claims FTX has £7.6bn assets as bankruptcy shockwaves continue November 16, 2022 FTX founder Sam Bankman-Fried claimed that the firm still had $9bn (£7.6bn) in assets today as it scrambles to raise cash to pay back creditors following its collapse.
OKX reveals £84m ‘market recovery fund’ after rebuffing FTX rescue November 16, 2022 A crypto exchange that rebuffed a rescue request from FTX has announced a $100m ‘market recovery fund’ to support ailing firms on the verge of collapse.
CMC Markets profits rise as traders tap into global turmoil November 16, 2022 Trading firm CMC Markets reported a boost in profits today as market volatility helped propel income by 21 per cent to £153.5m.
Experian profits rise as customers lean on credit checks November 16, 2022 Credit checker Experian reported a 21 per cent slump in pre-tax profits in the first half of the year on as soaring inflation and rising interest rates pushed up costs and devalued its assets across Europe and the Middle East.
SSE profits soar in line with energy prices as windfall tax expansion looms November 16, 2022 Energy giant SSE reported a 221 per cent surge in pre-tax profits for the first half of the year today on the back of spike in gas and electricity prices this year.
Oil firms dish out dividends as energy crisis sends profits soaring November 16, 2022 Oil firms have been dishing out bumper sums to shareholders as a crisis in the energy sector drives profits to record levels, according to research released today.
Questions hang over ombudsman’s role in the buy-now pay-later sector November 15, 2022 Lofty fees at the Financial Ombudsman Service may make it an unworkable solution for buy-now pay-later disputes, firms have warned.
