TradingView hits $3bn valuation amid retail investor boom October 14, 2021 TradingView has completed a $298m (£218m) funding round led by Tiger Global brining its valuation to an eye-watering $3bn. The website, which provides retail investors with free market data and insights, reported a 400 per cent jump in membership accounts and a 237 per cent increase in visitors over the past 18 months as lockdowns [...]
Government ‘considering change of heart on temporary visas for butchers’ October 14, 2021 Ministers are reportedly considering backtracking and extending temporary visas to overseas butchers, as abattoirs were forced to cull livestock after shortages. Pig farmers have been forced to kill healthy livestock because of a lack of butchers in abattoirs, seemingly forcing ministers to change their stance on intervention. The National Pig Association told The Guardian that [...]
Covid-19: Javid criticises London NYE fireworks cancellation as cases climb October 14, 2021 Health secretary Sajid Javid has criticised London mayor Sadiq Khan’s decision to cancel London’s coveted fireworks show for the second year running. Khan cancelled the show due to concerns of Covid-19. Though data from the UK Health Security Agency has shown that cases are rising in all regions in England, with the East Midlands having [...]
Five sites shortlisted for UK fusion energy plant October 14, 2021 Five sites in England and Scotland have been nominated as the potential home of the UK’s first prototype fusion energy plant. The nominees include Ardeer, Goole, Moorside, Ratcliffe-on-Soar, and Severn Edge. The government is backing the Spherical Tomahak for Energy Production (STEP) programme to the tune of £222m. which aims to build a prototype fusion [...]
Net zero: ”Failure to deliver’ is still very much on the cards’, says new HSBC report October 14, 2021 The UK’s manufacturing industry, which produces 12 per cent of the country’s carbon emissions, is in desperate need of financing to reach net zero, according to a new report. The report, by the University College London and supported by HSBC, has urged that the manufacturing sector – a key driver in the UK economy – [...]
Coinbase NFT waitlist surpasses 1m on first day October 14, 2021 The waiting list for Coinbase’s newly announced NFT marketplace topped 1m sign ups on its first day the company has said. On Tuesday, Nasdaq-listed crypto exchange Coinbase announced that prospective users for its upcoming NFT platform would be able to join the waiting list to gain access to a decentralised marketplace that will open up [...]
Rathbone Brothers assets smash £60bn October 14, 2021 Rathbone Brothers have seen their funds under management jump to £60.9bn, the wealth manager confirmed in its quarterly trading update today. In the first nine months of the year funds under management and administration at the wealth management company rose by 11 per cent to £60.9bn, outperforming £54.7bn recorded at the end of 2020. The [...]
Boots sales knocked by dip in footfall but buoyed by Covid-19 test demand October 14, 2021 Sales hit £34bn in the three months to 31 August at Walgreens Boots Alliance (WBA), the combined group of pharmacy chains Walgreens and Boots. Boots UK pharmacy sales lifted 11.4 per cent in comparison with last year, signalling strong demand for pharmacy services, notably Covid-19 tests. While retail sales jumped 15 per cent. High street [...]
Reserve release provides windfall for Wells Fargo October 14, 2021 The release of a wave of reserves set aside to deal with a rise in souring loans boosted third quarter profits at US bank Wells Fargo. The American consumer banking giant notched $5.1bn in profits in the last three months, up nearly $2bn from the same period last year. More to follow.
Investment banking rebound lifts Citigroup profits October 14, 2021 A rebound in investment banking and equity trading boosted third quarter profits at Wall Street giant Citigroup. The American investment bank’s profits hit $4.6bn in the last three months, up sharply from $3.1bn in the same period last year. More to follow.
