Quinn Emanuel to represent Credit Suisse AT1 bondholders as lawsuit inches closer April 3, 2023 Litigation specialists Quinn Emanuel have been instructed by a group of Credit Suisse bondholders to represent them in discussions with Swiss authorities and to prepare for “possible litigation” to recover losses from the forced takeover of Credit Suisse by UBS. Quinn Emanuel received a mandate from AT1 bondholders to represent them on Thursday last week, [...]
UK 2023 economic outlook brightens but ‘big gaps’ remain, Deutsche Bank says April 3, 2023 The UK’s economy will to flatline rather than contract in 2023, according to analysts from Deutsche Bank, as last week’s upgrade to GDP for the final quarter of 2022 will likely have a positive knock-on effect for the remainder of this year. The ONS revised its initial GDP reading for the fourth quarter of 2022 [...]
‘Never a better time to expand’: Kids’ finance firm GoHenry snapped up by saving app Acorns April 3, 2023 British kids finance firm GoHenry has been snapped up by US investing app Acorns in a deal which will see its financial education tools rolled out to millions of new customers in the US.
Capita suffers cyberattack but finds ‘no evidence’ of client data being compromised April 3, 2023 Outsourcing giant Capita confirmed today that a cyberattack was to blame for a major IT outage on Friday. Capita said the IT failure primarily affected “access to internal Microsoft Office 365 applications”. “The issue was limited to parts of the Capita network and there is no evidence of customer, supplier or colleague data having been compromised”, [...]
UK pushes back Natwest share sale plan after banking volatility April 3, 2023 The Treasury has pushed back its deadline to sell a chunk of its remaining shares in Natwest by another two years after the lender’s share price slumped last month amid the recent turmoil in the banking sector. The government will now have until 11 August 2025 to gradually sell up to 15 per cent of [...]
Crypto market stays flat as Binance faces legal trouble and Citi predicts tokenisation boom April 3, 2023 CryptoCompare's Francisco Memoria looks over the past seven days in the crypto calendar to decipher what narratives have moved the market.
Now you can Tweet again from the tube as Vodafone reintroduces wifi on the London Underground April 3, 2023 London commuters on Vodafone will be able to stay online for longer, as the network announces wifi it has been reintroduced to the Underground system. Vodafone’s 4G and 5G networks will once more be available on London Underground connected to the BAI Communications service platform, in response to a rise in demand for connectivity, according [...]
Ineos Grenadier review: Sir Jim Ratcliffe’s new 4×4 driven April 3, 2023 Tim Pitt drives the long-awaited Ineos Grenadier: a modern British 4x4 inspired by the classic Land Rover Defender.
Harbour Energy ramps up industry calls for price floor inclusion in windfall tax April 3, 2023 Harbour Energy has made fresh warnings about the UK’s investment climate amid uncertainty over a price floor in the windfall tax.
CBI: Membership body rocked by further allegations of sexual misconduct April 3, 2023 The CBI, Britain’s trade body for big business, has been hit by a raft of further allegations of sexual misconduct at the organisation. The reports come only weeks after the body’s boss, Tony Danker, voluntarily stepped aside whilst an investigation into his own conduct is underway. According to reports in the Guardian today, more than [...]
