Bitcoin rolling with the punches and back above $40k April 19, 2022 It was a rocky long weekend for the Bitcoin price, with the market leader dropping below $39k for the first time in five weeks on Monday.
London anti-fraud firm bags £72m as online scams boom April 19, 2022 London anti-fraud firm SEON has bagged a $94m (£69m) cash injection today as firms look to fight off a wave of online fraud brought on by a shift to digital platforms through the pandemic.
Prada: Strong US sales offset impact of Covid lockdown in China April 19, 2022 Designer handbag maker Prada performed above expectations in the first quarter of the year, as US sales offset trade suspensions in Russia. CEO Patrizio Berteilli also said strong results in the US in the first four months of the year helped to offset the impact of Covid lockdowns in China. Speaking to Italian newspaper Corriere [...]
Letters: Traders, what’s up with WhatsApp? April 19, 2022 [Re: Whatsppp messages expose “Essex Boys” traders to multi-million US lawsuit, April 14] The lawsuit against eight “Essex Boys” traders”, accused of colluding to drive the price of oil down in order to make huge profits selling futures contracts, reinforces how it is possible for any message to get out over Whatsapp. All recorded in [...]
Former Ferrari executive Michael Leiters in pole position to head McLaren Automotive April 19, 2022 Former Ferrari executive Michael Leiters is reportedly in the pole position to head McLaren’s car making business, McLaren Automotive. Leiters, who stepped down from his chief technology officer post in December, is among the candidates currently vetted to replace McLaren Automotive’s chief executive Mike Flewitt. It is unclear whether Leiters has agreed to take over [...]
Spectris sells off Omega Engineering for £400m, paving the way for a larger investor April 19, 2022 British electrical engineering firm Spectris has confirmed it will sell off Omega Engineering for $525m (£403m), to make way for a larger investor. The London-listed group has sold the engineering business to Arcline Investment Management, for around 20 times Omega’s adjusted earnings before interest, depreciation and amortisation, Spectris said in a regulatory filing this morning. [...]
Explainer-in-brief: Johnson gets his own version of Denmark’s Aliens Act April 19, 2022 Last week, Boris Johnson unveiled a deal with Rwanda on migration. People coming to the UK to claim asylum can now be relocated there while their request is processed. The UK is not the first country to do this. Last summer, Denmark passed the controversial Bill L 226 – the “Aliens Act” – that allows [...]
1 Minute Market Rundown – 19th April 2022 April 19, 2022 Russia – UkraineRisk Holds InCrypto ConsolidatesPowell to Speak Later in the Week We spoke last week of the path of least resistance being the USD higher and yields higher and that continues to be the main themes of the markets at the moment. The greenback has made fresh 2 year highs, especially against the low [...]
Hungry for success: Cake Box rebounds from pandemic with record sales after online orders leap April 19, 2022 Cake Box has reported record sales for the past year after recovering from the side effects of the Covid pandemic. The north-London based firm said its sales leapt some 50 per cent for the year to March, with particularly strong sales in the previous six months. Momentum had been driven by online delivery and click [...]
Travelex recruits BrickVest boss Richard Wazacz as new CEO April 19, 2022 Foreign exchange firm Travelex has appointed Richard Wazacz as new CEO, who pledged to further modernise the business. The London-based firm said Wazacz would step into the role on 4 July 2022, joining from online property marketplace Brickvest. After a two year stint as CEO of Bickvest, Wazacz will be succeeding Donald Muir, who has [...]
