Crypto AM is delighted to announce CUDOS as a Gold Partner August 20, 2021 Layer 1 blockchain and layer 2 computation oracle network Cudos has been announced as a gold sponsor of the Crypto AM summit and awards.
Vertu profits get an upgrade as used car market booms August 20, 2021 Car dealership chain Vertu Motors expects higher profits for the year than previously forecast as the secondhand car market continues to grow, the company said in a statement this morning. The announcement is the second profit upgrade made by the company in the space of a single month. Vertu’s profits for the year are now [...]
BHP fires 48 workers over sexual harassment and assault at Australian mines – CityAM : CityAM August 20, 2021 Mining giant BHP has fired 48 workers in 2 years amid a spate of sexual harassment and assault allegations. In July, the Australian government launched an inquiry into the problem of sexual harassment in the country’s mining industry. Large mining companies tend to use Fly In Fly Out (FIFO) accommodation, a set up which blurs [...]
Profits more than double at OneSavings Bank August 20, 2021 OneSavings Bank’s profit surged in the first six months of the year driven by a sharp uptick in lending activity, according to results published today. The specialist lender posted a 123 per cent rise in pre-tax profits in the year to June 2021 to £221.9m, up from £99.3m in the same period last year. The [...]
OnlyFans to ban sexually explicit content from October August 20, 2021 OnlyFans, the subscription site famed for its pornographic content, has announced it will block sexually explicit photos and videos. The ban will come into effect on October 01 from which time any nude content posted on the website will have to comply with OnlyFans guidelines. In a statement the company said: “In order to ensure [...]
Weak UK retail sales drags FTSE 100 lower – CityAM : CityAM August 20, 2021 London’s FTSE 100 extended yesterday’s sharp losses into this morning as weak UK retail sales figures weighed on market sentiment. The capital’s premier index slipped 0.22 per cent to 7,043.22 points during the first two hours of trading on Friday. The blue-chip index is on track to register its worst week since January. Also Read: [...]
Government borrowing smashes expectations but debt-to-GDP highest since 1960s August 20, 2021 Government borrowing smashed official forecasts last month as the deficit narrowed by nearly half its levels registered at the height of the Covid crisis, official figures released today reveal. Data released by the Office for National Statistics shows in July of this year, public sector borrowing reached £10.4bn, the second highest figure for the month [...]
Introducing the decentralised cloud network Cudos – CityAM : CityAM August 20, 2021 Back in 2019, our relationship with James and the team at Crypto AM was born over a late-night McDonalds following an investor event in Zurich. The portions that night, whilst tasty, didn’t quite meet our expectations. So, a whole swathe of the guests made their way for a midnight snack. How fortunate that was in [...]
Ackman of Pershings to relaunch SPAC as damage control from investor lawsuit August 20, 2021 In a letter to the shareholders of the largest SPAC to ever hit the market, billionaire fund manager Bill Ackman said on Thursday he will pursue a relaunch of Pershings, following a lawsuit filed this week by an investor. The lawsuit against Pershing Square Holdings (PSTH) was filed by former US Securities and Exchange (SEC) [...]
Savers predict double-digit investment returns: is that a danger sign? August 20, 2021 Savers today are more optimistic than at any point in the past five years, expecting their future investment returns to average more than 11 per cent per year. They are more likely to invest further, and to check up on their investments more frequently – but most striking of all they expect higher future returns. [...]
