Screenshot: Can cinemas bring Brits back to the big screen? April 9, 2021 This week **Media Moment of the Week: Every dog has its day **Can cinemas bring Brits back to the big screen? **Is Clubhouse really worth $4bn? Media Moment of the Week: Every dog has its day Doing a live piece to camera comes with risks, as any broadcast journalist will tell you. But one thing [...]
Bosses plot office move amid home working shift April 9, 2021 The bosses of some of the UK’s biggest companies have said they are planning to move offices as a result of the shift to home working. A new survey found that 38 per cent of business leaders planned to downsize, across the board while 42 per cent said they were looking to move or to [...]
Greensill lobbying row: Rishi Sunak’s texts to David Cameron published April 8, 2021 Texts sent by chancellor Rishi Sunak to David Cameron relating to collapsed finance firm Greensill Capital have been published amid a row over lobbying. The former prime minister is facing an investigation over messages he sent to the chancellor asking for more Covid support for Greensill. In response to a Freedom of Information request, the [...]
Hollywood actor Zach Avery arrested over $690m Netflix film scam April 8, 2021 A wannabe Hollywood star who has appeared alongside Brad Pitt and Shia LaBeouf has been accused of scamming investors out of $690m (£502m) to fund fake film deals. Zachary Horwitz was arrested by FBI agents this week and has been charged with operating a Ponzi scheme. Horwitz, whose stage name is Zach Avery, is accused [...]
Bank of America to hike salaries for junior bankers amid lifestyle scrutiny April 8, 2021 Bank of America today said it will raise the salaries of its junior investment bankers amid growing scrutiny over working conditions at major banks. The lender said the pay boost, which will come into effect next month, reflects the heightened workload caused by a flurry of dealmaking during the pandemic. “Given our ongoing remote work [...]
Prince William calls on finance bosses to ‘invest in nature’ April 8, 2021 Prince William has urged global finance leaders to “invest in nature” in order to combat climate change and benefit “our children and grandchildren”. The Duke of Cambridge’s comments were made in a speech during a session of the World Bank and International Monetary Fund’s virtual Spring Meetings event. The duke launched his ambitious £50m Earthshot [...]
US outlines new global plan to tax tech titans April 8, 2021 The US has put forward a new plan on global corporate taxes in an effort to resolve disagreements over upcoming tech tax reforms. President Joe Biden’s administration has submitted proposals that would see tech giants and other large multinational corporations pay higher taxes in countries in which they operate, regardless of their physical presence in [...]
London Stock Exchange opens investigation after Refinitiv data outage April 8, 2021 The owner of the London Stock Exchange today said it was opening an investigation into a long outage at Refinitiv, the markets data platform it acquired earlier this year. The outage at Refinitiv’s Eikon software, which provides market prices, began at roughly 7.30 this morning. Subscribers who use the service to access data for trading [...]
FTSE 250: The best and worst performers ranked as index hits record high April 7, 2021 It’s been a stellar week for the FTSE 250, which today soared to record highs as stocks rode a wave of optimism ahead of a further easing of lockdown measures. The domestically-focused index closed up 0.76 per cent at 22,160 points — an all-time high — as investors were buoyed by the reopening of pubs [...]
Plaid valuation tops $13bn after scrapped Visa merger April 7, 2021 Fintech firm Plaid has more than doubled its valuation to over $13bn (£9bn), just months after its takeover deal with Visa collapsed. The San Francisco-based firm today said it had raised a further $425m through a Series D funding round led by Altimeter Capital, alongside other new investors Silver Lake and Ribbit Capital. Existing investors [...]
