Police seize $62m in assets from alleged Filecoin ponzi scheme November 7, 2021 Police in China have seized assets worth 400m yuan (£46m) and arrested dozens of people in connection with a suspected Filecoin mining scam. Chinese state media confirmed that Fengxian County Bureau had arrested 31 members of IPFS Union Star Alliance for their alleged role in a multi-level-marketing fraud. Police seized millions of pounds worth of [...]
Abrdn in advanced talks to buy Interactive Investor for £1.5bn November 7, 2021 Asset manager Abrdn has set its sights on snapping up DIY stock-picking platform Interactive Investor in a deal worth £1.5bn. Reportedly Abrdn is being advised by bankers at JP Morgan and is in advanced discussions with JC Flowers and Co, the private equity group that has owned a majority stake in Interactive Investor since 2016. [...]
Ethical investors pressure Serco to drop UK nuclear weapons bid November 7, 2021 Pressure from ethical investors has reportedly forced outsourcer Serco to drop out of the race to manage Britain’s nuclear weapons arsenal. Best known for its involvement with NHS test and trace during the coronavirus pandemic Serco is believed to have had plans to compete for contracts with the Atomic Weapons Establishment, which makes and maintains [...]
Space race: Amazon seeks approval for 4,538 new satellites November 5, 2021 Amazon owned Kuiper has filed an application to launch 4,538 satellites into space as competition with Elon Musk’s SpaceX heats up. Both Bezos’ Kuiper and Musk’s SpaceX have filed applications to the FCC to allow the companies to build satellite fleets in low-Earth orbit as the tech giants line up to provide tens of millions [...]
Hoax: Bitcoin Cash tumbles after Kroger confirms press release is a fake November 5, 2021 The price of Bitcoin Cash spiked today after a fake press release made it onto Kroger’s website confirming the US supermarket chain would accept BCH payments. The release appeared on Kroger’s investor relations page, but was later deleted with the company explaining that the page gets automatically updated with announcements posted on PR Newswire where [...]
Brexit stalemate: Frost calls for ‘intensive’ talks with EU on Northern Ireland November 5, 2021 Lord Frost has warned of “limited” progress on Northern Ireland at a Brussels meeting with the EU Commission sparking fears the UK will trigger Article 16. Brexit minister Frost is attempting to renegotiate an agreement which requires goods sent between Britain and Northern Ireland to undergo customs checks to avoid a hard border between Northern [...]
Breaking: Pfizer covid pill cuts hospitalisations and deaths by 89 per cent November 5, 2021 Pfizer has said its new covid pill reduces the risk of hospitalisation and death by 89 per cent and called the drug a “game changer.” The latest round of clinical trials showed that just 0.8 per cent of patients who received PAXLOVID were hospitalised and none died compared to seven per cent of patients given [...]
‘We did make a mistake’ on Owen Paterson says government minister November 5, 2021 Education minister Nadhim Zahawi has admitted the government made a mistake in its handling of the Owen Paterson debacle. The government came under fire for blocking the suspension of Conservative MP Owen Paterson by calling for the rules used to police MPs to be overhauled after Parliament’s lobbying watchdog accused the former minister of “serious [...]
Stelrad valued at £274m as London IPO kicks off November 5, 2021 Radiator manufacturer, Stelrad, priced its shares at 215 pence a piece in time for its IPO on the London Stock Exchange this morning. The updated share price takes the company’s market capitalisation to £274m. Dealings in Stelrad’s ordinary shares have commenced on the main market of the London Stock Exchange under the ticker “SRAD”. Trevor [...]
Co-op bank turns corner as net lending tops £2bn November 5, 2021 The Co-operative bank has published a healthy set of financials for the first nine months of the year after turning a loss in 2020. The bank reported statutory profit before tax of £28.5m and underlying profit of £24.9m, a marked improvement on last year when the bank saw a loss of £68.1m before tax. The [...]
