Does Twitter need an edit button? Major shareholder Musk polls 80m followers April 5, 2022 Elon Musk has polled Twitter users to ask if they want an edit button, after the billionaire entrepreneur was revealed to be platform’s largest shareholder yesterday. Based on Friday’s market close, the stake is worth some $2.89bn (£2.2bn), though just a fraction of Musk’s net worth of $233bn (£178bn). Musk, the man behind Tesla and [...]
City watchdog hires three senior officials as it ramps up recruitment drive April 5, 2022 The City watchdog has hired three new senior officials as it pushes to strengthen its authorisation process, it announced today. City veteran Craig Chapman is set to join the FCA as Finance Director, from his current role as CFO at London fintech firm RTX Routetrader. Prior to joining RTX Routetrader, Chapman worked in various senior [...]
London property director hit with 11 year ban after conning investors out of millions April 5, 2022 A London property director has been given a 11-year ban from the top position, after scamming investors out of millions. Sam Eustace, from Sutton in south London, was formerly director of Kingsman Property, which promised landlords guaranteed rent all year around. The company also offered investors the opportunity to receive annual returns of 30 per [...]
Germany seizes control of Gazprom supply arm April 5, 2022 The German government has taken hold of Gazprom's German unit - to prevent a Russian-backed takeover of the business.
Sunak’s crypto ambitions are simply not ambitious enough April 5, 2022 Crypto AM's Nigel Green argues that the UK can reap economic rewards if the Treasury goes further in its bid to be crypto friendly.
London-listed medicinal cannabis company inks European distribution deal April 5, 2022 The first medicinal cannabis company to list on London’s main market has inked a distribution deal for Europe, just days after the UK ushered in new regulations. MGC Pharmaceuticals has struck a four-year agreement with pharmaceutical services company Sciensus Rare to distribute its products in the UK and key countries within the European Union. Products, [...]
War on words: Russia threatens to fine Wikipedia over ‘false information’ April 5, 2022 A Russian watchdog has threatened to fine Wikipedia unless it removes an unfavourable account of the invasion of Ukraine.
The Russia–Ukraine war and other geopolitical risks April 5, 2022 The war in Ukraine is dominating the headlines. For now. But the conflict’s indirect reverberations will ripple far beyond the borders of its combatants and their allies. Indeed, they could give rise to new and varied geopolitical risks throughout the world. The war’s potential effect on the global grain supply and food inflation is especially [...]
Ryanair’s boss says summer fares will go up to 10 per cent of 2019 levels April 5, 2022 Ryanair’s summer fares are expected to go up between 5 and 10 per cent of 2019 levels, its boss Michael O’Leary said this morning. The chief executive said lower capacity and very strong forward bookings have already started driving demand up from June onwards. “What we’re seeing at the moment is prices are slightly lower [...]
Persimmon and Taylor Wimpey sign up to government’s cladding pledge April 5, 2022 Housebuilders Persimmon and Taylor Wimpey have signed the government’s developer pledge to remove unsafe cladding in tower blocks installed within the past three decades. The pledge commits house builders to fix dangerous cladding and other fire safety issues in buildings over 11 metres. Taylor Wimpey revealed it was signing up to pledge on Tuesday afternoon, [...]
