The Notebook: Symphony CEO Brad Levy on getting clear on Whatsapp, Revolut’s regulatory woes and using AI May 22, 2023 The Notebook is a daily column where interesting people say interesting things. Today, CEO of Symphony Brad Levy writes ahead of Symphony Innovate conference on 23 May. Message received: Time for UK banks to get clear on Whatsapp In the last year, multiple banks in the US have paid a high price for staff use [...]
Slow start to the crypto week as markets await signals May 22, 2023 The price of Bitcoin was around $26.8k this morning, while Ethereum remains unchanged from yesterday at around $1.8k.
Begbies Traynor: Jump in businesses going bust lifts firm’s profit guidance May 22, 2023 Begbies Traynor expects its annual sales and profits to trade ahead of market expectations thanks to a surge in the number of businesses going insolvent.
‘Milestone in returning NatWest to full private ownership’ as government sells £1.26bn worth of shares May 22, 2023 The government has sold £1.26bn worth of its shares in NatWest as it continues to sell-off its stake in the bank it bailed out after the 2008 financial crisis. The shares, sold at 268.4p each, represent 4.95 per cent of NatWest’s share capital and takes it stake below 40 per cent. The Economic Secretary to [...]
Wise: Fintech firm’s finance chief to quit and focus on recovery from bike accident May 22, 2023 Fintech firm Wise has announced its finance chief will step down from his role today just two weeks after boss Kristo Kaarman revealed he would be taking an extended period of leave later this year.
Ryanair posts record £1.26bn profits – but warns of turbulence with strikes and high fuel prices May 22, 2023 Ryanair posted record profits of $1.57bn (£1.26bn) in its full year results, as it cashed in on rising fares and strong traffic recovery – but warned it may experience turbulence in the near future. The low cost carrier flew a record 168.6m passengers, up 74 per cent, in the year ending March and said that [...]
Instagram back online this morning after global outage left everyone scrolling without luck May 22, 2023 Instagram was restored online after experiencing global outages, the social media company said. Down Detector, a website that tracks outages, reported 56,628 reports at around 11pm on Sunday. The Down Detector location map showed the outages spread across the UK with reports of outages coming from the US and Australia as well. Instagram said at [...]
Meta: Why is Facebook, WhatsApp and Instagram owner facing a record fine from the EU? May 22, 2023 Meta will face a record fine over its transfer of European users’ Facebook data to its US server. The fine, according to reports in Sky News, is expected to be handed to the social media giant this morning by Ireland’s Data Protection Commission (DPC), as it orders Meta to stop using “complex legal instruments” to [...]
Morning in the City: Live news and updates as Ryanair reports record profits May 22, 2023 Welcome to the City A.M. live blog on Monday 22 May! We’ll bring you all the latest news and analysis in one place.
Experts question surge in buybacks after record spree in 2022 May 22, 2023 Experts have raised questions about the spate of share buybacks undertaken by UK companies over the past year. Buybacks reached record levels globally in 2022 according to recent figures from Janus Henderson, rising 22 per cent year-on-year to hit $1.3trn. Buybacks were worth 94 per cent of dividends in 2022, compared to 52 per cent [...]
