Crypto lender BlockFi files for bankruptcy as FTX shockwaves spread November 28, 2022 Crypto lender BlockFi has filed for bankruptcy today as the fallout of FTX’s collapse spreads across the industry.
Excl: Brits’ spend on restaurants and takeaways behind pre-Covid average November 28, 2022 Brits are now spending far less on meals out and takeaways than they were on the eve of the Covid-19 pandemic, as consumers and businesses grapple with rising costs. Diners are forking out 16 per cent less per month in restaurant spending on average, versus 2019, according to exclusive research shared with CityA.M. Average spend [...]
Home REIT shares tumble after last-minute account delays November 28, 2022 Shares in social housing investor Home REIT plunged today after the firm delayed the publication of its accounts following an attack by a short seller last week.
BT reaches pay agreement with union after months of strikes November 28, 2022 BT has reached an agreement with the Communication Workers Union (CWU) over pay after months of negotiation. The union confirmed the news this afternoon, stating that the total package includes pay permanently increasing by £3000 from 1 April, with a further review from 1 September 2023 to “allow for further negotiations to resolve pay, grading [...]
Exclusive: Citizens Advice urges Ofgem to clamp down on suppliers failing customers November 28, 2022 Citizens Advice has urged Ofgem to ensure suppliers are supporting customers over the winter amid record energy bills.
Carlyle unveils £2.6bn to pump into European technology firms November 28, 2022 US asset manager Carlyle has rallied together over €3bn (£2.6bn) for a European fund to help grow mid-market technology firms in the continent. The fund, called Carlyle European Partners and headed by two former investment bankers, has exceeded its €2.5bn (£2.2bn) target in less than a year of fundraising, the buyout firm told Reuters. The [...]
IKEA owner ‘optimistic’ about future price cuts as input costs ease November 28, 2022 The owner of most IKEA stores is eyeing additional price cuts as its cost headwinds have started to let up. While the flat-pack furniture specialist hiked prices earlier this year, Ingka group’s retail manager Tolga Oncu told Reuters that he was “optimistic” the firm would be able to reduce prices even further. The furniture giant [...]
Majority of people don’t feel safe in self-driving cars November 28, 2022 The majority of people around the world don’t feel safe in a self-driving car, according to new research. Figures from a report published today by Lloyd’s Register Foundation show that only 27 per cent of the global population believe they would be safe in a driverless car. “The results from the latest World Risk Poll [...]
KPMG’s failings led to Carillion’s collapse, High Court lawsuit says November 28, 2022 KPMG’s incompetence in its audits of Carillion played a core part in the construction giant’s 2018 collapse, Carillion’s liquidators have said, as part of a £1.3bn lawsuit against the Big Four accounting firm. KPMG’s 2016 audit of Carillion lulled the construction firm’s board into a false sense of security that saw the firm make a [...]
Boohoo amps up stake in troubled Revolution Beauty to 26 per cent November 28, 2022 Fast fashion retailer Boohoo has upped its stake in Revolution Beauty, as the troubled cosmetics firm announced a new chief. The online retailer said it had upped its strategic investment in the lipstick seller to 26.47 per cent of its issued share capital. Boohoo, which sells Revolution cosmetics on a number of its websites and [...]
