What do Aviva’s results mean for the insurer’s share price? March 9, 2023 British insurance giant Aviva today set out plans to buy back £300m worth of its own shares from investors, after posting what analysts and the firm itself described as “strong” results for 2022. Aviva’s announcement saw its share price jump by almost four per cent in trading this morning, before settling at a rate almost [...]
DS Smith share price drops as box maker notes ‘market weakness’ March 9, 2023 Box maker DS Smith has said it is continuing to trade in line with profit expectations despite seeing lower corrugated box volumes. The London-based group, which supplies packaging and paper products to the likes of Amazon and Brewdog, said that volume sales were lower in the third quarter due to “market weakness”, with businesses de-stocking [...]
British rent-a-bank acquires licence. What does that mean? March 9, 2023 Digital challenger bank Griffin has become the latest London-based fintech to secure a UK banking licence. Following authorisation with restrictions from the Prudential Regulation Authority (PRA), Griffin is now the UK’s newest bank, licensed to hold up to £50,000 in deposits. The much sought-after licence leaves the company poised to encroach on big banks’ hometurf [...]
Gold shows early signs of recovery after hawkish Fed triggered price tumble March 9, 2023 Gold has shown some signs of recovery after its price tumbled earlier this week following Fed Chair Jerome Powell's hawkish comments to Congress about the potential need for further interest rate hikes.
Explainer: Will bringing in more foreign workers fix our labour market? March 9, 2023 This week, the government unveiled its plan to effectively ban illegal immigration into the UK – raising eyebrows for the project’s feasibility in some corners, while others questioned its alignment with international law. In parallel, the government started working on loosening rules to bring in more foreign workers – starting from the construction sector. Our [...]
Silvergate Bank: Smoke on the water turns to fire in the sky March 9, 2023 Auditchain's Jason Meyers casts a critical eye over events leading up to Silvergate Bank winding down its operations.
North Sea flaring falls by 50 per cent following clampdown March 9, 2023 Flaring in the North Sea has fallen by 50 per cent over the last four years after oil and gas firms operating there were put under tougher measurers to make production cleaner, according to new analysis from the North Sea Transition Authority (NSTA).
EU energy chief tells companies not to sign new Russian LNG deals March 9, 2023 European Union countries and companies should not sign new contracts to buy Russian LNG - says the EU's energy chief.
Mt. Gox customers will have to wait until November before any lost Bitcoin funds are returned March 9, 2023 Almost a decade on, customers of collapsed crypto exchange Mt. Gox could see some of their Bitcoin funds returned by the end of the year.
Former Shell boss Ben van Beurden raked in £9.7m paypacket last year as profits soared March 9, 2023 The former Shell boss enjoyed a hefty bump-up in his paypacket last year, before leaving the energy giant in January.
