Rio Tinto investigated by the FCA over claims it misled the market September 27, 2021 Rio Tinto is reportedly being investigated by the UK’s financial watchdog over claims that it misled the market about a £5bn copper mine in Mongolia. Rio allegedly knew the Oyu Tolgoi mine was running behind schedule and over-budget long before investors were informed, the Daily Mail first reported. The mining giant tried to raise £1.3bn [...]
Ozy Media founder impersonated YouTube exec in call to Goldman Sachs September 27, 2021 The co-founder of Ozy Media allegedly impersonated a YouTube executive on a $40m (£29.2) investor call to Goldman Sachs. In February, four Goldman Sachs investors scheduled a call with Ozy founder Carlos Watson, who briefly worked for the bank earlier in this career, and Alex Piper, the head of programming at YouTube Originals, the New York [...]
Opinion-in-brief: Woke-chain is the new orange for Lib Dem voters September 27, 2021 It’s perhaps no surprise that young, left leaning voters are driving crypto uptake in the UK. A series of car crash general elections have primed the political left for the market’s merciless swings of fortune. A survey by Savanta has confirmed the rainbow alliance as the natural political home of crypto holders: 29 per cent [...]
Insulate Britain defy injunction to block M25 for sixth time in two weeks September 27, 2021 This morning around 40 climate activists from Insulate Britain blocked the M25 in breach of a High Court injunction granted last Tuesday. Once again motorists were left enraged as the green activists glued themselves to the road and blocked traffic on the slip road at junction 14 near Heathrow this morning. The activists, who “may [...]
Bitcoin booms but Hong Kong listed crypto stocks slide in wake of China crackdown September 27, 2021 Hong Kong listed digital currency stocks have nosedived today following Beijing’s declaration that all crypto payments are illegal. Huobi Global, a crypto currency exchange, saw its share price plummet by 21.87 per cent compared to its previous close price. OKG Technology, a fintech and construction company owned by the founder of crypto exchange OK Coin, [...]
Revolution Beauty plans launch in 100s of UK stores amid booming growth September 27, 2021 Revolution Beauty has announced plans to expand into over 350 UK Boots stores after sales surged in the first half of the year. The ethical makeup company has announced half year revenues of £78m in 2021, up by 35 per cent compared to a year prior. Sales were driven by the company’s expansion in the [...]
Chinese local government intervenes in Evergrande crisis September 27, 2021 While Beijing has stayed quiet on the Evergrande debt crisis at least two local governments in China have seized control of company funds. A housing bureau in Guangzhou asked an Evergrande subsidiary to put presale revenue from a halted development project into a state-controlled account to protect the interests of homebuyers, the Financial Times first [...]
Octopus Renewables Infrastructure Trust performs below expectations September 27, 2021 Octopus’ infrastructure arm has fallen short of targets for energy production and revenues in the first half of 2021. The green start up has reported profit of £4.75m for the period, treating investors to a dividend payout of 5 pence per share, but performing below expectations for the period. Operational portfolio generated 144GWh of electricity [...]
Aldi plans £1.3bn expansion with 2,000 new jobs and 100 additional stores September 27, 2021 Cut price British supermarket Aldi is planning a £1.3bn investment after sales surged to record levels in the 2020 financial year. Britain’s lowest-priced supermarket plans to create 2,000 new jobs, open 100 additional stores and expand its logistics infrastructure to include a 1.3m square foot site in Leicestershire over the next two years. It comes after [...]
Woke young Lib Dems most likely to turn to crypto, study finds September 27, 2021 Crypto is a smash hit with young investors, particularly those with left leaning political views according to a new study. Young people, particularly those with left-leaning views, make up the majority of UK crypto investors with the Liberal Democrats found to be the natural political home of digital asset enthusiasts. A resounding 29 per cent of LibDem [...]
