Crypto mania, financial contagion and the ‘Goldilocks Zone’ May 3, 2022 From the gold fever of the 1840s and 1850s and the bicycle bubbles of the 1890s to the bowling manias of the1960s and the dot-com boom of the 1990s and early 2000s, our animal spirits are forever in search of greener pastures. In recent times, the financial herd has stampeded into the field of cryptocurrency. [...]
Credit Suisse sued over links with Russian oligarchs May 3, 2022 New York law firm Pomerantz has filed a class action lawsuit against Credit Suisse, over claims the Swiss bank misled investors as to its dealings with Russian oligarchs. The lawsuit comes after shares in Credit Suisse dropped 2.58 per cent on 28 March, in response to reports claiming the investment bank has carried out extensive [...]
Top broadcasters come together to tackle production skill shortage in British TV and film May 3, 2022 Industry powerhouses, the BBC, Channel 4, Paramount and UKTV have announced their intention to join forces to tackle the current production management skills gap facing the UK TV industry.
Veteran Fevertree chairman announces retirement May 3, 2022 Longstanding Fevertree Drinks chairman Bill Ronald has announced he will be retiring in May next year. Ronald joined the premium tonics and drink mixer maker in June 2013 ahead of Fevertree’s debut on the London Stock Exchange the following year. He has given a year’s notice to allow the company to start looking for a [...]
Millions of pensioners set to lose out as rampant inflation eats into capped pension schemes May 3, 2022 Millions of pensioners on “final-salary” pension schemes are set to lose out on thousands of pounds each, due to rampant inflation outstripping the cap on increases. Inflation is set to cost pensioners an average of £400 this year and £7,000 over their lifetimes, as soaring price rises eat into people pension pots. Almost all “defined [...]
Heyday: Goldman Sachs traders reap rewards of volatile global markets May 3, 2022 Turbulent markets have forged a heyday for Goldman Sachs, after the Wall Street trader generated revenue of more than $100m on 32 separate days in the first quarter of this year. Net revenues topped $50m on 45 days out of a total of 62 in the three months to March, within the US investment bank’s [...]
Come fly with me: Wizz Air flew 3.62m passengers last month as holidays rocket May 3, 2022 Wizz Air said it has carried a staggering 3.62 million passengers in April, 542 per cent up on April 2021. For the week ending 2 May, Wizz Air reported an average of 722 flights per day, ranking seventh in Europe’s top 10 aircraft operators. The low-cost carrier beat legacy airlines such as British Airways (BA), [...]
Revenue dips for cyber firm Avast following Russian exit and acquisitions May 3, 2022 Revenue was down one per cent to $234.6m (£187.3m) for cyber security firm Avast as the firm rolls out new products and makes strategic acquisitions for growth.
FTSE 250 fintech firm Plus500 seeks to woo investors ahead of AGM May 3, 2022 Fintech giant Plus500 has told investors it has made “substantial progress” in pursuing its strategy, as it prepares for the start of its annual general meeting (AGM) later this morning. The AGM will see Plus500 investors asked to vote on 20 separate resolutions, including on plans to launch a major share buyback scheme and boost [...]
Explainer-in-brief: Inside the debate over retail investors May 3, 2022 Retail investors have historically been excluded from accessing IPOs and investing in public floats. Critics of retail investors say they lack the knowledge, security and funds of institutional investors pose a threat to the stability of financial markets. There are fears inexperienced individual investors might start panic selling at the slightest hint of a dip, [...]
