Cineworld shareholders ‘will get zero’ if it files for bankruptcy, says short seller August 24, 2022 Cineworld was “run on a wing and a prayer” and will leave shareholders with nothing if it files for bankruptcy in the US, a short seller of the firm said today.
HSBC agitator Ping An claims ‘we are not an activist’ despite break-up calls August 24, 2022 The investor pushing for a break up of HSBC has claimed it is “not an activist investor” today and simply cares about returns.
WhatsApp clampdown: Lawyers warn City firms about increasing scrutiny of app August 24, 2022 Lawyers have warned City firms to “dust off” their communication training handbooks amid fears that regulators could ramp up scrutiny of the use of WhatsApp in UK financial services.
Car chain Lookers profits dip as soaring costs throttle jump in sales August 24, 2022 Car dealership chain Lookers has reported a dip in profits for the first half of the year as soaring costs and supply strains offset a jump in revenue to £2.23bn. In a trading update today, bosses said that pre-tax profits fell from £50.4m in the first six months of last year to £49.9m in 2022, [...]
Dividends surge to £469bn as oil and financial firms dish out cash August 24, 2022 Global dividend payouts surged to record levels in the second quarter of the year as oil and financial firms paid out bumper sums to shareholders, new data has revealed.
Fintech lenders have failed to educate FCA on financial crime, says digital bank chief August 23, 2022 Fintech lenders have done a “poor job” of educating the UK’s financial regulators on how to stamp out financial crime as banking has shifted onto digital apps, the chief of Cashplus has said.
Klarna says BNPL can offer ‘better value’ for essentials amidst cost of living crunch August 23, 2022 Klarna has doubled down on the use of buy-now pay-later for essentials like groceries after debt charities and the regulator warned over the promotion of the products amidst a cost of living crunch this year.
Musk launches legal request to summon Twitter founder Dorsey to court August 23, 2022 Elon Musk has launched a legal request to summon Twitter co-founder Jack Dorsey to court in his battle to walk away from a $44bn deal to buy the social media company, according to a court filing.
Ackman’s Pershing Square Holdings falls to loss in ‘challenging’ year August 22, 2022 Shares in Bill Ackman’s London-listed Pershing Square Holdings fell today after the firm revealed its investments slid in value by 26 per cent in a “challenging” first half of the year.
Credit Suisse hires new finance chief in boardroom shake-up August 22, 2022 Embattled Swiss lender Credit Suisse has hired Deutsche Bank’s Dixit Joshi as finance chief and promoted Francesca McDonagh to chief operating officer as it looks to reset after a string of crises.
