Goldman Sachs cuts Coinbase price target and downgrades it to ‘sell’ June 27, 2022 Goldman Sachs reduced Coinbase’s price target from $75 to $40 and cut its rating to “sell” from “neutral” as the crypto market experiences a severe rout. In a report today, the banking giant cited falling cryptocurrency prices and lower industry activity for the downgrade. “We believe current crypto asset levels and trading volumes imply further [...]
Brits paid to use less energy to avoid winter blackouts June 27, 2022 Brits could be paid to use less electricity at peak times this winter, under plans from the National Grid to reduce the risk of blackouts this winter.
Johnson says inflation is a ‘price worth paying’ to defend Ukrainian freedom June 27, 2022 Boris Johnson has today said soaring inflation linked to sanctions on Russia are a “price worth paying” as he compared Vladimir Putin’s regime to the Nazis. The Prime Minister told journalists during today’s G7 summit in Germany that the economic effects of not helping Ukraine would be worse than what the UK is currently facing. [...]
Ukrainian shopping centre with 1,000 people inside hit by Russian missiles June 27, 2022 Russia today launched a missile attack on a Ukrainian shopping centre with at least 1,000 people inside, President Volodymyr Zelensky has confirmed. At least two people have been killed and 20 injured in the strike, which took place in the central Ukrainian city of Kremenchuk. Kyrylo Tymoshenko, a senior aide to Zelensky, said that those [...]
G7 pledges to cap Russian oil as West ramps up sanctions on Kremlin June 27, 2022 The Group of Seven is preparing to cap Russian oil as part of a fresh package of sanctions in response to Russia's invasion of Ukraine.
Short Bitcoin ETF launches after ‘enormous outflows’ led to crypto crash June 27, 2022 Data from CryptoCompare shows the price of Bitcoin was slowly recovering throughout last week, moving from around $20,000 to around $21,500.
Grant Thornton settles £200m lawsuit with Patisserie Valerie’s administrators June 27, 2022 Grant Thornton has settled a £200m lawsuit with Patisserie Valerie’s bankruptcy administrators over its role in the café chain’s collapse. The London headquartered accountancy giant has reached agreement to settle its case with Patisserie Valerie’s administrators out of court, according to the Sunday Telegraph who broke the news. In a statement sent to City A.M., [...]
Newly minted: Challenger bank Kroo is just second to be granted BoE licence since August 2016 June 27, 2022 There’s a new bank on the block with digital company Kroo receiving the first licence issued by the Bank of England since early 2021. The FinTech firm becomes just the second to get a green light since 2016, after completing a number of tasks to prove its robustness, compliance, risk management and leadership. Kroo was [...]
Polar Capital sees profits plunge amid market turbulence June 27, 2022 London asset manager Polar Capital reported a plunge in profits today after market turbulence saw its performance fees fall nearly 80 per cent.
Rover Rover 2022 review: Great Briton June 27, 2022 Richard Aucock drives the new fifth-generation Range Rover in D350 diesel guise. It might be the most expensive ‘bargain’ you can buy.
