‘Web 3.0’ venture investment in freefall as crypto winter shakes market December 8, 2022 Investment into crypto firms has been in freefall this year as a deep ‘crypto winter’ sends shockwaves through the sector and causes venture capital firms to turn off the funding taps.
Trafigura hands £1.4bn to shareholders after unveiling monster profits December 8, 2022 Trafigura will hand over £1.4bn ($1.7bn) to traders and shareholders after its net profit more than doubled from last year's record levels.
Travers Smith calls juniors into the office for four days a week December 8, 2022 Travers Smith has become the latest City law firm to call lawyers back into the office after telling staff to spend 60 per cent of their time at work. The law firm’s new “agile working” policy calls on Travers Smith’s lawyers to come into the office for six days across every two working weeks. [...]
What next for crypto in the wake of the FTX scandal? December 8, 2022 Temple Melville looks over the fallout from the FTX scandal and points to historical data for signs of potential hope for crypto's future.
Tullow Oil names Richard Miller as permanent CFO December 8, 2022 Tullow Oil has appointed interim chief financial officer Richard Miller to the position permanently, and named him as an executive director.
Purplebricks’ shareholder seeks to oust chairman yet again as losses widen December 8, 2022 Online-only estate agency Purplebricks’ losses have widened in the past six months, despite the CEO’s turnaround plans. Revenue dropped 16 per cent to £34.5m in the six months to the end of October, while gross profit plunged more than a third to £16.2m. Operating losses also grew by five per cent to £11.7m. But CEO [...]
DS Smith pumped £100m into pension scheme amid mini-budget crisis December 8, 2022 Box maker DS Smith revealed it was forced to pump £100m into its pension scheme in September as the market was shaken by the fall out of Liz Truss’s disastrous mini-budget.
Former Theranos COO sentenced to nearly 13 years for defrauding investors December 8, 2022 The former president of Theranos was sentenced to nearly 13 years in prison last night for defrauding investors and patients before the defunct health-tech firm’s collapse. Ramesh “Sunny” Balwani, the former chief operating officer of the blood testing group, faces a longer jail term than founder and former girlfriend Elizabeth Holmes. The 155-month prison sentence [...]
Government must reveal more about onshore wind plans, say experts December 8, 2022 Energy experts have urged the Government to reveal more details about its proposed consultation to revive onshore wind.
Big Four’s legal ventures could see surge in law firm IPOs, DWF chief says December 8, 2022 The Big Four’s efforts to bolster their legal businesses could lead to a surge in the number of UK law firms listing on the stock exchange, DWF chief Sir Nigel Knowles told City A.M. EY’s global split could see the firm become an “aggressive” legal services behemoth, as it is freed from the conflict-of-interest rules [...]
