Who’s Who: Top ten earning FTSE 100 CEOs take home £89.5m August 19, 2021 A new report has revealed that the top ten earning FTSE 100 CEOs took home £89.5m between them in 2020. Pascal Soriot, the chief executive of AstraZeneca, topped the list taking home a healthy paycheck of £15.45m. The report, published by the High Pay Centre, noted that Soriot’s earnings were well above the average pay [...]
The prodigal son returns: The hunger for Bitcoin signals an appetite for hard money August 19, 2021 This week marks 50 years since President Richard Nixon announced the US would abandon the Gold Standard. Instead of redeeming the dollar in gold, the government allowed its value to float freely on the market. So began a sharp devaluation of the world’s reserve currency of choice under the US-led Bretton Woods system. Priced in [...]
Crypto adoption jumps 881 per cent in a year August 18, 2021 Crypto ownership has surged during the pandemic with adoption rising by 881 per cent in the year ending on June 30 2021. New data shows that global crypto adoption has risen from an index score of 2.5 to 24 over the year. According to Chainalysis, the publishers of the Global Crypto Adoption Index, crypto ownership [...]
Top investors criticise BHP as it slashes dual nationality August 18, 2021 The FTSE 100 is set to lose its biggest company as miner BHP ditches its Anglo-Australian dual structure in favour of listing on Sydney’s stock market. Today, L&G which owns a 1.9 per cent stake in the company, said that the news BHP will give up its listing is “disappointing.” “Today’s announcement is very significant [...]
Binance hires former US treasury criminal investigator in compliance role August 18, 2021 Binance, the world’s largest cryptocurrency exchange by trade volume, has hired a former US treasury criminal investigator in a bid to placate regulators. The company today announced that Greg Monahan, who has more than 30 years of experience working in tax, money laundering and financial crime, has been appointed as Global Money Laundering Reporting Officer [...]
Millions of T-Mobile customers have data leaked in hack August 18, 2021 T-Mobile has confirmed that millions of customers have had their data stolen during a hack. Data from 7.8m postpaid, 850,000 prepaid and records from 40m former and prospective customers were breached. Two days ago reports emerged that a hacker was selling 30 million ‘fullz,’ a term which describes complete identity data, on the dark web [...]
AstraZeneca scientists begin trials for plague vaccine August 18, 2021 The scientists behind the AstraZeneca Covid vaccine have given the first trial volunteers a jab for the plague. The phase-one trial involves 40 healthy adults between the ages of 18 and 55 who will help to assess side effects of the jab and determine how well it produces a protective antibody response. The plague vaccine will [...]
US Epstein Investigators want to interview Prince Andrew August 18, 2021 Prince Andrew is a “person of interest” in the US investigation into the activities of Ghislaine Maxwell and others linked with the paedophile Jeffrey Epstein. A source familiar with the inquiry told the Times that Officials are seeking to interview Prince Andrew about his friendship with Epstein. Earlier this month, Virginia Roberts Giuffre filed a [...]
Balfour Beatty doubles profit in the first half of 2021 August 18, 2021 Balfour Beatty, a leading international infrastructure group, has doubled its profit for the first half of the year as it steadily recovers from the covid-19 pandemic. Total profit for the period jumped from £20m last year to £51m in the first half of 2021 while profit from operations surged to £60m from a loss of [...]
Businesses support changing the tax year dates August 17, 2021 A poll has found that 91 per cent of medium sized firms support simplifying the tax system by changing the end of the tax year to December 31. The survey, conducted by international accounting firm BDO, found that businesses overwhelmingly believe that the time is right to align the tax date with the end to [...]
