Russia exit drags on Imperial Brands’ profits November 15, 2022 Tobacco giant Imperial Brands reported a sharp fall in profits for the year today following a £463m hit from its exit from Russia earlier in the year.
Payouts fintech WeGift bags £26m funding as firms dish out cost of living support November 15, 2022 Digital payouts firm WeGift revealed it had bagged a £26m funding injection today as it looks to tap into a wave of firms dishing out one-off payments to staff and customers.
UK crypto chiefs call for tighter regulation in wake of FTX collapse November 14, 2022 Top crypto firms have called for tighter regulation of digital assets in the UK today as lawmakers look to safeguard investors in the wake of the collapse of the FTX exchange last week.
Fraudsters make off with £4.2m amid NFT boom November 14, 2022 Fraudsters have exploited the rapid rise of Non-Fungible Token (NFT) in the UK and have scammed investors out of more than £4.2m in the past 12 months, according to new research released today.
Crypto firms look to soothe jitters as Binance announces recovery fund November 14, 2022 Crypto exchanges have looked to cool investors' fears of contagion today as the industry is rocked by the shockwaves of FTX’s collapse last week.
Joules calls in administrators as rescue talks collapse November 14, 2022 Fashion and lifestyle firm Joules announced it had called in administrators and suspended trading on the London Stock Exchange this morning after emergency rescue attempts failed last week.
‘I f****d up’: FTX founder scrambles for cash as Bahamas regulator freezes assets November 11, 2022 The founder of crypto exchange FTX admitted he “f*cked up” yesterday as his firm scrambles to raise emergency funds and stave off a collapse that could spark contagion across the industry.
‘Greening’ investor portfolios has done little to slash emissions, UBS warns November 10, 2022 The “greening” of investors’ portfolios has had little impact on the actual decarbonising of the economy, investment bank UBS warned today, as it called for a significant acceleration of financial efforts to tackle environmental collapse.
‘Show restraint on pay’, fund managers tell FTSE bosses November 10, 2022 Fund managers are urging the UK’s top bosses to rein in their pay this year as the economy is rocked by a cost of living crunch.
FTX scrambles for emergency funds as contagion fears grow November 10, 2022 Bitcoin could tumble to as low as $13,000 as the industry is rocked by the crisis at the crypto exchange FTX, JP Morgan has warned.
