Tesco on hunt for a ‘heavyweight’ boardroom figure as it swoops to replace John Allan March 9, 2023 Tesco is understood to have approached a number of “heavyweight” boardroom figures, to scope out their interests in replacing outspoken chairman John Allan. According to reports in Sky News, the FTSE 100 supermarket is working with headhunters to find a replacement for the leader who is set to leave the grocer in 2024. Allan, has [...]
US Senator exposes hypocrisy over energy use in Bitcoin mining March 9, 2023 Crypto AM columnist Nigel Green insists that, compared to other industrial consumers of energy, Bitcoin mining is remarkably sustainable.
Credit Suisse delays annual report after call from SEC March 9, 2023 Credit Suisse has delayed publishing its annual report following a call from the US Securities and Exchange Commission late on Wednesday evening, the lender said today. The SEC were concerned by cash flow statements in 2019 and 2020 as well as “related controls”. In its 2021 annual report, Credit Suisse revised how it filed a [...]
JPMorgan sues former banker Staley over Jeffrey Epstein ties March 9, 2023 JPMorgan has sued Jes Staley, its former private banking head and later Barclays chief executive, accusing him of entangling it with sex offender Jeffrey Epstein, and saying Staley himself had been accused of sexual assault. The largest U.S. bank filed two complaints on Wednesday night in Manhattan federal court, where it is also defending against lawsuits [...]
Crypto AM founder and editor-at-large joins advisory board of digital asset investment platform Fineqia March 9, 2023 Fineqia International Inc has unveiled Crypto AM's James Bowater as the latest member of its advisory board.
‘Pension funds need to invest in UK growth’: former innovation minister Sam Gyimah on the future of UK tech March 9, 2023 Speak with most tech and innovation figures in the UK currently and you will hear a similar gripe: institutional investors are not pulling their weight. Investment into the UK’s tech sector, as with most of the world, has tumbled in the past year and brought into sharp relief a funding gap that they argue is [...]
Book review: A vital tome for those fighting for capitalism March 9, 2023 Imagine someone programmed a Twitter bot which, every time somebody describes a problem of some sort, responded with some variation of “I think you will find that the root cause of the problem is capitalism!” That bot would easily get tens of thousands of likes, retweets, and supportive replies every time. Anti-capitalist platitudes, no matter [...]
Crypto market cap dips below $1 trillion as inflation anxieties bubble to the surface March 9, 2023 Bitcoin has dipped below $22,000 and is trading for $21,699 (-1.46%) this morning, while Ethereum is trading for $1,538 (-0.89%).
WANdisco suspends shares over ‘potentially fraudulent irregularities’ March 9, 2023 Data firm WANdisco has suspended trading on the London Stock Exchange today after finding “potentially fraudulent irregularities” in its books that mean it may have overstated its revenues by $15m.
FTSE 100 live: London takes fright as Powell testimony scares off blue chip investors March 9, 2023 London’s main index took another step back on Thursday as a second day of testimony in front of Washington lawmakers by Federal Reserve chair Jerome Powell largely stuck to the hawkish tone of the previous day. The FTSE 100 was last at 7,868.64, down 61.28 points or 0.77 per cent while the FTSE 250 which includes [...]
