Oil prices plunge as US weighs up release of strategic reserves March 31, 2022 Oil prices fell heavily this morning, following reports the US is considering the release of up to 180m barrels.
Stellantis to close Russian van plant as supply chain issues bite March 31, 2022 Automotive giant Stellantis said today it will be forced to close its Russian van plant following a shortage of parts. Operating only for the local market, the facility is situated in the western city of Kaluga and was run in partnership with Mitsubish. The world’s fourth-largest car maker didn’t specify whether it would write down [...]
Majority of Brits want to move on from ‘partygate’, says new poll March 31, 2022 The majority of Brits say they are tired of hearing about partygate and want to move on from the whole scandal, according to a new poll. A poll by Redfield & Wilton Strategies, commissioned by The Telegraph, found 57 per cent of people think the country needs to “move on” from the Downing Street parties [...]
Shares in Sorrell’s S4 Capital continue to slump amid PwC audit delay March 31, 2022 S4 Capital’s shares continue to fall today after plunging over 35 per cent yesterday following a statement that its financial results would be delayed because of a PwC auditing delay.
Tate & Lyle snaps up Chinese dietary fibres firm for $237m March 31, 2022 Sugar-maker Tate & Lyle has snapped up a prebiotic dietary fibre business from China-listed ChemPartner for $237m today, as it looks to tap into the booming global dietary fibres market.
Meta funds anti-TikTok campaign as Chinese tech firm threatens popularity March 31, 2022 TikTok has said it is “deeply concerned” by reports that Facebook’s parent company Meta paid for a campaign to promote negative coverage of the Chinese tech platform. As first reported by The Washington Post, Meta hired a “right of center” marketing firm Targeted Victory to lead a campaign about its biggest rival. This included placing [...]
Bitcoin: The Future of Payments March 31, 2022 Bitcoin offers a new way to think about the future of your business payments. A challenge at any business is deciding how to best allocate valuable resources to bring the types of change required to manage through the crises of today and be successful tomorrow. Accelerated by the global pandemic, the turn to a cashless [...]
Bitcoin is Boring. March 31, 2022 Bitcoin is boring. At least, that’s what everyone is saying these days. Family, friends, even parents on the school run – everyone I talk to at the moment tells me, “Bitcoin is boring.” But is it? Having made headlines over the years for its “sudden surges” and “catastrophic crashes”, most people who have heard of [...]
Bitcoin Doesn’t Use Enough Energy March 31, 2022 Controversial? Maybe, maybe not. Bitcoin energy usage is often attacked by the media, environmental activists, politicians, traditional finance and competitors with an agenda. But why does it get so commonly attacked? If we put agendas aside, the most obvious reason is how transparent Bitcoin is – one of the selling points of Bitcoin becomes an [...]
Provident Financial bounces back to profit after shift away from subprime lending March 31, 2022 Subprime lender Provident Financial bounced back into profit last year as it rode an economic rebound and moved away from riskier consumer lending.
