Merger talks between LV= and Royal London break down February 9, 2022 Relations between LV= and rival mutual Royal London have taken another dramatic turn with the companies confirming the collapse of merger talks. LV= said the marriage would not be in the “best interests” of its members while Royal London suggested it was misled into thinking its rival did not have a viable future as an [...]
Two charged in connection with £3.8bn hack of crypto exchange Bitfinex February 8, 2022 Over $3.6bn worth of stolen Bitcoin has been recovered by US law enforcement and two people charged in connection with a major crypto hack.
Stablecoins are not the future of payments, says New York Fed Bank February 8, 2022 The Federal Reserve Bank of New York has poured cold water on claims that stablecoins could form the basis of a future digital payments system.
EU mulls metaverse regulation as businesses jump into virtual reality February 8, 2022 As key players in fashion, tech and finance develop virtual reality metaverses EU authorities are considering new rules to protect consumers.
KPMG Canada adds Bitcoin and Ethereum to balance sheet February 8, 2022 KPMG's Canadian arm has added Bitcoin and Ethereum to its corporate treasury, marking the accounting giant's first direct investment in crypto.
Take off: Tui revenue jumps 400 per cent as travel restrictions ease February 8, 2022 In a sign the travel industry is making a post-pandemic comeback Tui revenues have climbed by 406 per cent in the first quarter of 2022.
Arm scrambles for new CEO as $40bn mega deal with Nvidia collapses February 8, 2022 British chip maker Arm has rushed to appoint a new chief executive after its $40bn sale to Nvidia collapsed amid opposition from regulators.
Profit jumps 96 per cent for Mattioli Woods amid string of acquisitions February 8, 2022 Wealth management firm Mattioli Woods saw interim profits climb by 96 per cent in a sign that a string of takeover deals are paying off.
Bellway revenue climbs to £1.78bn amid record numbers of new homes February 8, 2022 Housebuilder Bellway is on track for revenue of £1.78bn in the first half of the year driven by a record number of home completions.
Crypto investment products hit by record outflows February 7, 2022 Crypto investment products have suffered record outflows at the start of 2021 as investors lost their appetite for risk.
