Coinbase slides 12 per cent as institutions back off May 11, 2022 Crypto exchange Coinbase tumbled 12.6 per cent yesterday after unveiling disappointing first quarter results amid a market slump.
Malboro maker Philip Morris snaps up smokeless cigarette rival Swedish Match for £13bn May 11, 2022 Malboro maker Philip Morris International (PMI) has agreed to snap up European smokeless tobacco rival Swedish Match for $16n (£13bn) in a push to expand its tobacco alternatives.
CMA fires warning shot at cost of living cartelists May 11, 2022 Cartelists that treat the cost of living crunch as an excuse for anti-competitive collusion will face the firm hand of the regulator, the UK’s competition watchdog warned today.
When the music stops: Apple pulls plug on iPod after two decades May 11, 2022 Apple announced that it would be pulling the plug on the iPod after more than 20 years.
E.ON suffers massive drop in profits amid spiralling wholesale costs and Russian uncertainty May 11, 2022 E.ON has suffered a 15 per cent drop in first-quarter profits, blaming higher energy prices that it was unable to pass on to customers.
Bitcoin and Ethereum level off, but do they have further to fall before the bottom’s in? May 11, 2022 Bitcoin is currently changing hands for around $30,500 - down five per cent over the past 24 hours.
CVC pulls back from IPO as turbulence hits May 11, 2022 Buyout giant CVC Capital has pushed back a planned move onto the public markets this year as market turmoil continues to take its toll on IPO activity.
Letters: Insurance is paying a price May 11, 2022 [Re: Hiscox sets aside £32m to weather impact of war in Ukraine, May 5] What’s happened with insurer Hiscox is just another example of how the insurance industry is now entering the most prolonged hard market in living memory. After the financial and reputational losses sustained during the pandemic, we are now deep into a [...]
UK ticket holder richer than Adele after £184m lottery jackpot May 11, 2022 One lucky winner in the UK has bagged the country’s biggest-ever National Lottery prize, with a £184m jackpot. The winning main EuroMillions numbers are: 03, 25, 27, 28, 29 while the winning Lucky Star numbers are 04, 09. The EuroMillions winner is now richer than celebrities including boxer Anthony Joshua, who is recorded as having [...]
Top US intelligence official warns the Kremlin could use nuclear weapons if Putin thought Nato would intervene in Ukraine May 11, 2022 The head of America’s national intelligence organisation has warned Russian President Vladimir Putin may use nuclear weapons. Avril Haines, the director of national intelligence, told the Senate the Kremlin may take the drastic step to avoid getting bogged down in longer war over Ukraine. She said Russia will become “more unpredictable and escalatory” as it [...]
