Staying and Beyond November 16, 2020 Softer Touch Bitcoin traded a touch softer over the weekend but well within the recent highs and the price action early doors Monday pointed to another attempt to test higher levels. Similarly, Ethereum also dipped over the weekend just ahead of the key $500 mark, with the $477 zone showing some resistance. As noted recently, [...]
Regulators urge more clearing scrutiny but push back buffer decision November 16, 2020 Global regulators have recommended increased scrutiny on clearing houses but have held back from saying the key financial institutions should themselves take on more of the burden of potential losses. The Financial Stability Board (FSB), which coordinates rules for the G20 group of rich countries, said it would “consider during the course of 2021” whether [...]
Capita finance chief steps down November 16, 2020 Capita finance chief Patrick Butcher has today resigned after almost two years at the FTSE 250 outsourcer. The firm said that Gordon Boyd would step in as interim chief financial officer and executive director from 16 November. It added that Boyd has more than 30 years of experience working in business, and has been finance [...]
Vodafone hails ‘resilient’ first half despite Covid challenges November 16, 2020 Mobile giant Vodafone this morning hailed a “resilient” performance in the first half, saying that it had “increased confidence” in its full year outlook. Group revenue at the world’s second biggest mobile firm declined by 2.3 per cent to €21.4bn, with the acquisition of Liberty Global’s assets in Germany and Central Europe offset by lower [...]
Janssen begins stage three Covid vaccine trial in UK November 16, 2020 Janssen has today begun stage three trials of its coronavirus vaccine, the third such company to do so in the UK. 6,000 volunteers across the country will take part in the tests of the vaccine, which has been developed in partnership with US giant Johnson & Johnson. The trials come after Pfizer last week announced [...]
Brexit talks ‘in real trouble’ if decisive week does not produce breakthrough November 16, 2020 Trade talks between Britain and the EU will be in “real trouble” if there is not a breakthrough in the next week, the Irish foreign minister has said. Speaking to Ireland’s Newstalk radio station Simon Coveney said: “If there is not a major breakthrough over th next week to 10 days then I think we [...]
Private Equity vs venture capital: Opposite investment mindsets November 16, 2020 Private equity (PE) and venture capital (VC) firms have the same goal: maximising returns. Yet PE buyout and VC early-stage funds go about it in very different ways. Many prospective investors fail to appreciate that the two most popular alternative asset classes adopt often directly opposing methods to drive performance. VC’s deliberate diversification In asset [...]
Self-isolating Boris Johnson says he’s ‘fit as a butcher’s dog’ November 16, 2020 Prime Minister Boris Johnson has insisted he is as “fit as a butcher’s dog” despite self-isolating after coming into contact with someone infected by coronavirus. Johnson said he would keep running the government via Zoom, while ministers said the PM was in good health. On Thursday, the Prime Minister spent around 35 minutes with Tory [...]
Arcadia taking ‘appropriate steps’ amid second lockdown but denies administration November 16, 2020 Sir Philip Green’s retail empire Arcadia has said it is taking “all appropriate steps” to mitigate the impact of a second lockdown and hit back at claims it is about to enter into administration. The second lockdown in England comes at a precarious time as retailers prepared for the Christmas period hoping to salvage the [...]
PNC to buy Spanish bank BBVA’s US arm for nearly $12bn November 16, 2020 PNC Financial Services confirmed this morning that it would buy the US arm of Spanish bank BBVA in one of the largest mergers in the sector in recent history. The deal will see the Pittsburgh-based company splash out $11.6bn (£8.8bn) for BBVA’s assets, creating a bank with around $560bn in assets. As a result of [...]
