Crypto firm puts out 10 per cent bounty for stolen funds after £157m vanishes August 5, 2022 Crypto firm Nomad announce today a 10 per cent bounty for the $190m (£157m) stolen funds it lost in a hack this week. The company said it would give the bounty to hackers who return at least 90 per cent of the funds and will consider them to be “white hats”, meaning Nomad would not [...]
Empty offices due to hybrid work cost 9 in 10 businesses in London around £190,000 per year August 5, 2022 The poor use of physical office space – as a result of the increased uptake of hybrid working – costs 88 per cent of all London businesses around £190,000 on average per year. London businesses whose employees work in the office two to three days per week are taking a big financial hit by leaving [...]
Maserati reveals wild track-only version of MC20 supercar August 5, 2022 Based on the Maserati MC20 supercar, the new Project24 is limited to 62 examples for track use only. Here's what we know so far.
Asda and Deliveroo partner up for rapid grocery delivery roll-out August 5, 2022 Asda and Deliveroo have announced a partnership for the rapid delivery of groceries, with a roll-out launching in 15 stores. Wakefield, Leeds and Manchester are among the first cities for the roll-out, with 2,400 products available from the Asda range that can be ordered via Deliveroo. Asda plans to launch 300 stores on the Deliveroo [...]
The Week in Review August 5, 2022 Bitcoin has been bouncing around a little over the last week, but always within its well established range around $22,000.
Big Four auditors up advisory fee incomes as challengers capture larger share of audit work August 5, 2022 The UK’s challenger auditing firms are increasingly capturing a larger share of Britain’s audit market, as the Big Four increasingly generate their revenues through non audit work, new data from the UK’s accounting watchdog shows. The research shows smaller auditors upped their audit fee incomes at almost twice the rate of the Big Four, as [...]
EP: 152 Ascot, Haydock, Curragh August 5, 2022 The annual Shergar Cup sees a maximum of ten horses line up in each of the eight races with the jockeys split into four teams on Saturday afternoon. Haydock is the venue for the Group 3 Rose of Lancaster Stakes, whilst the Phoenix Stakes at the Curragh looks like being a fascinating Group 1 contest [...]
Informa sells centuries old Lloyd’s List to private equity firm Montagu August 5, 2022 London private equity firm Montagu has struck a deal with publishing giant Informa to buy up shipping newsletter Lloyd’s List, one of the world’s oldest continuously running news journals. Montagu Private Equity, which manages €10bn (£8.4bn) worth of assets, has agreed to buy the centuries-old maritime news service from Informa, in a deal worth £385m. [...]
Average UK house price falls for first time in a year to sit at £293,221 August 5, 2022 House prices marked their first decrease since June last year, dropping slightly last month to stand at an average price of £293,221. Prices fell by a marginal 0.1 per cent in July, according to Friday’s Halifax House Price Index. The annual rate of growth eased to +11.8 per cent (from +12.5 per cent), with Wales [...]
Crypto regulation would promote financial stability and tackle ‘inefficiencies’, says Moody’s August 5, 2022 Crypto regulation would be good for financial stability, consumers, and industry efficiency as regulators around the world decide on appropriate laws, Moody’s says. Clear regulations that seek to prevent fraudulent activity and provide guidance to companies would “protect consumers and ensure that the industry does not become a source of financial instability,” the financial services [...]
