Plus500 launches $60.2m share buyback after jump in profits August 17, 2022 FTSE 250 fintech firm Plus500 said its profits had surged to $312.6m in the first six months of the year as it unveiled a bumper buyback programme to put excess cash back in shareholders’ pockets. Bosses said pre-tax profits had jumped to $312.6m in the six months to the end of June, up from $188.7m [...]
Crypto scammers make off with $1.9bn after surge in DeFi theft August 16, 2022 Crypto hackers made off with $1.9bn in the first seven months of the year after a surge in funds stolen from decentralised finance (DeFi) protocols, according a top crypto analysis firm.
Company insolvencies jump as soaring costs batter the bottom line August 16, 2022 Company insolvencies surged in July as soaring costs continued to batter firms across England and Wales, official figures have revealed.
Elliott sheds SoftBank stake as investor grapples with tech rout August 16, 2022 Hedge fund Elliott Management has reportedly offloaded almost its entire stake in SoftBank this year as the Japanese investment giant grapples with a market downturn this year.
Loeb unveils fresh Disney stake and pushes for ESPN spin-off August 15, 2022 Daniel Loeb’s activist hedge fund Third Point revealed a new position in Disney today and began agitating for a raft of changes, including spinning off cable sports channel ESPN and announcing new share buybacks. The stake marks a reversal by billionaire Loeb who liquidated a previous position in Disney during the first quarter. “Our confidence [...]
Fintech challenger banks steam ahead of high street stalwarts in CMA ranking August 15, 2022 Fintech challenger banks Starling and Monzo have leapt ahead of their traditional high street rivals in a fresh ranking of UK lenders published today by the Competition and Markets Authority.
Government pension reform will ‘accelerate end game’ for final salary schemes August 15, 2022 Government plans to ramp up scrutiny of ‘final salary’ pension schemes will spark an “accelerated end-game” as managers are forced to rapidly sell-off their riskier assets, a pensions chief has warned.
Abrdn’s Asian Income Fund loses 6.9 per cent of value as APAC markets suffer August 15, 2022 Asset management giant Abrdn said the value of the assets controlled by its Asia Income Fund plunged 6.9 per cent over the first half of 2022 as markets were rocked by a combination of Covid lockdowns and the ripples of war in Ukraine. In its half yearly report today, the firm said net asset value [...]
Tatton Asset Management bolsters investments offering with £7m 8AM tie-up August 15, 2022 Asset manager Tatton announced it had completed its tie-up with fund manager 8AM Global for £7m today, as it looks to bolster its investment offering and capitalise on four months of steady inflows this year. London-headquartered Tatton, which manages around £11.2bn, said it had acquired a 50 per cent stake in 8AM through a deal [...]
DWP final salary pension reform could be a ‘straitjacket’, pensions chief warns August 12, 2022 Government plans to ramp up scrutiny of 'final salary' pension scheme funding could be a “straitjacket” for the industry and scupper hopes that retirees’ cash could be diverted into areas like tech and infrastructure, a pension expert has warned.
