Crispin Odey leaving hedge fund following misconduct allegations June 11, 2023 Crispin Odey is to leave Odey Asset Management, the partnership said on Saturday, following a series of allegations of misconduct.
“In discussions”: What next for Crispin Odey’s City empire? June 10, 2023 Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct allegations published against its founder led banks to review their relationship with the fund. It followed a report in the Financial Times (FT) – together with Tortoise Media – which included several allegations of sexual harassment or misconduct [...]
Sunak defends “progressive” UK tax system June 10, 2023 Rishi Sunak has insisted the UK’s tax system is “very progressive” as he brushed off questions about his own financial affairs. The Prime Minister paid an effective rate of around 22% on his substantial income because the majority came from capital gains rather than earnings. But Mr Sunak insisted the tax system was fair for [...]
“Writing on the wall”: Boris advisor on why ex-PM quit Parliament June 10, 2023 Boris Johnson has been accused of being a coward for quitting as an MP before the findings of a cross-party investigation into whether he lied to the Commons has been published. Angela Rayner, Labour’s deputy leader, said the former prime minister had “jumped” to avoid facing a potential by-election in his marginal constituency. Mr Johnson [...]
Breaking into a Web3 Sprynt to make cryptocurrency work for all June 10, 2023 Selin Suntay, co-founder of Sprynt, talks to Jillian Godsil about trading and the technology underpinning distributed ledger.
Wall Street: US stocks inch higher before next week’s busy slate of updates June 10, 2023 US stocks inched higher on Friday to close a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1 per cent , to 4,298.86 to cap its fourth straight winning week, the Dow Jones Industrial Average added 43.17, or 0.1 per cent [...]
Greggs on track to roll out 150 new stores across UK – and could accelerate plans June 10, 2023 The boss of Greggs has said the bakery chain is on track with plans to open 150 new shops across the UK. The sausage roll seller said it will open new stores in Cornwall and other areas where it currently has fewer sites as part the group’s rapid expansion plan. Greggs currently runs around 2,300 [...]
Have you seen him? City boss gets 14 years over £70m Ponzi scheme – but is on the run June 9, 2023 A City boss compared to the The Wolf Of Wall Street has been sentenced to 14 years’ imprisonment in his absence over a £70 million Ponzi-style investment scam. Anthony Constantinou, 41, went on the run during his seven-week Southwark Crown Court trial and is thought to be in Turkey or Dubai after being stopped in [...]
Why did HSBC withdraw mortgage deals for new borrowers? June 9, 2023 HSBC has temporarily withdrawn mortgage deals for new borrowers as the turbulence that has engulfed the UK mortgage market over the past few weeks continued. The bank removed products for new residential and buy-to-let products on Thursday, with new more expensive deals becoming available on Monday. HSBC had originally set a deadline of 5pm on [...]
What the Windfall?! Debunking what just happened and why the industry’s not happy June 9, 2023 The government has made changes to the Energy Profits Levy - known as the windfall tax - here's what it means.
