Warren Buffett’s Berkshire Hathaway books $43.8bn loss after slide on equity markets August 6, 2022 Warren Buffett’s Berkshire Hathaway was hit by the global rout on equity markets in the second quarter of the year as it booked a hefty $43.8bn loss.
Twitter takeover should go ahead if it coughs up proof of accounts, Musk says August 6, 2022 Elon Musk has revived hopes that his Twitter takeover may go ahead after writing the deal should proceed “on its original terms” if the social media site provides its method for confirming accounts are genuine.
Next poised to snap up major stake in fashion firm Joules August 6, 2022 Retail giant Next is in talks to snap up a major stake in London-listed fashion firm Joules, according to reports today.
Chinese-owned Nexperia withheld cash from Newport Wafer Fab to snap up on the cheap August 6, 2022 The Chinese-backed owner of the UK’s largest chipmaker Newport Wafer Fab pushed it into financial difficulties and stalled a private equity takeover so it could buy the firm cheaply, according to reports.
Truss warns Bank against ‘talking Britain into a recession’ August 6, 2022 Liz Truss ramped up her criticism of the Bank of England last night as she warned policymakers of “talking Britain into a recession”.
Equity exodus continues as UK investors pull £416m from funds August 5, 2022 Nervous UK investors are pulling cash from equity funds in droves as soaring inflation continues to batter global stock markets.
Dealmakers circle British firms as UK tops inward investment August 4, 2022 International dealmakers have set their sights on British firms this year with the UK now the top target in Europe for inbound and domestic investment, research today reveals.
Coinbase shares soar after BlackRock reveals Bitcoin partnership August 4, 2022 The world’s biggest asset manager BlackRock announced a partnership with Coinbase today to ease the way that institutional investors can buy and track Bitcoin, sending shares in the crypto bourse soaring beyond 30 per cent.
Fraud on the rise as cost of living soars, FCA warns August 4, 2022 The UK’s top financial watchdog sounded the alarm over rising fraud rates today as scammers look to swoop on vulnerable consumers amidst a cost of living crunch.
MPs set to scrutinise government crypto hub plans in fresh inquiry August 4, 2022 MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today.
