Law firms offer wellbeing support to burnt out employees October 5, 2021 Law firms are expanding their wellbeing support for employees as overstretched companies compete for top talent. With the UK experiencing the best year for dealmaking activity since 2015 lawyers have been inundated with a flood of M&A litigation leading to long hours and poor sleep quality for staff. To try and stop fed-up lawyers from [...]
Bank of America commences digital asset research October 5, 2021 The Bank of America has launched digital asset research and said the potential of the crypto space was “difficult to overstate” in a new report. The new research team will be led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy. It comes after the bank estimated that the sector represents a $2tn [...]
New car sales down a third in September as shortages throttle production October 5, 2021 New car registrations fell by 34.4 per cent last month making it the worst September on record according to data from the Society of Motor Manufacturers and Traders (SMMT). In a blow for the automobile sector just 215,312 new cars were sold in September 2021 – up from lows of 68,033 in August – but [...]
Just 127 drivers have applied for emergency UK visas, says Johnson October 5, 2021 Prime Minister Boris Johnson has announced that just 127 truck drivers have so far applied for UK visas to help ease acute shortages. In an interview with the BBC Johnson said that the road transport industry had been asked to provide the details of drivers who were willing to come to Britain amid shortages. So [...]
JP Morgan snaps up Old Street property for £181m October 5, 2021 The Great Ropemaker Partnership has announced the sale of 160 Old Street, EC1, to a fund advised by JP Morgan Global Alternatives for £181.5m. The fund comes under the management of JP Morgan’s alternative investment arm which has $191bn in assets under management. The Old Street property was comprehensively refurbished while under the management of [...]
El Salvador begins mining Bitcoin using volcanic energy October 1, 2021 El Salvador has begun mining Bitcoin using power harnessed from a volcano, its president has revealed. President Nayib Bukele took to Twitter on Tuesday to share a teaser video showing Bitcoin mining equipment arriving at an energy factory in government-branded containers. Earlier today, Bukele confirmed that volcano-powered Bitcoin mining had kicked off with 0.00599179 BTC [...]
Binance hires two US financial crime experts to bolster security October 1, 2021 Crypto exchange giant Binance has hired two former special agents from the US’ Internal Revenue Service in a bid to win over regulators. Binance has announced Tigran Gambaryan and Matthew Price will be the latest cyber security experts to join the company. Gambaryan will take over as VP of Global Intelligence and Investigations after a [...]
AO World shares plummet 17 per cent as EBITDA dips October 1, 2021 Leading online electrical retailer AO World has seen its share price plummet after publishing lukewarm post close trade results. AO World’s share price slipped by 17.57 per cent compared to yesterday’s close price with shares trading at 179.2p after the company revealed that supply chain disruption had affected intake in the first half of the [...]
Winners crowned at the Crypto A.M. awards October 1, 2021 The Crypto A.M. summit was topped off with a glittering awards ceremony recognising some of the most innovative projects in the sector. Last night 14 category winners were honoured at a black-tie awards ceremony, held at the Leonardo Royal Hotel in St Pauls, London. “The quality of the entries this year was fantastic,” said head [...]
Greencore lifts profit expectations following strong Q4 performance October 1, 2021 Convenience food manufacturer Greencore Group has lifted expectations for its full year financials amid surging demand for food to go. On the back of strong Q4 results for 2021, which saw revenues climb 27 per cent year on year, the company said it anticipates operating profit for FY21 to be towards the upper end of [...]
