18.6m UK adults trust financial advice shared on social media, study finds : CityAM September 16, 2021 Amid concerns about Kim Kardashian and so called FinTok influencers new research has found that 18.6m UK adults trust financial advice shared on social media platforms. A survey conducted by Skipton Building Society revealed that just two in five respondents would not trust social media stars when it comes to financial management. Young people were [...]
Cardano Alonzo upgrade sees 100 smart contracts in first 24 hours September 16, 2021 Cardano's Alonzo upgrade has seen more than 100 'smart contracts' processed within its first 24 hours.
Pre-departure Covid tests may be ditched to simplify travel restrictions September 15, 2021 Ministers plan to make an announcement later this week which will mean vaccinated people arriving into England will no longer be subject to pre-departure Covid tests, according to reports. A government insider told the Financial Times, which first reported the news, that measures to simplify travel restrictions and aid the UK’s struggling travel and tourism [...]
Business travel is taking off, says Lufthansa CEO amid influx of flights at City Airport September 15, 2021 Lufthansa’s CEO says the airline is placing more flights over the next two months as demand for business travel picks up again, according to reports. “We are now seeing very clearly that business travellers are coming back,” chief executive Carsten Spohr told Reuters, who first reported the news, at a conference in Berlin. Spohr said in [...]
Higher than expected inflation clip drags London markets down September 15, 2021 London’s FTSE 100 dipped today, driven lower by a higher than expected inflation clip in August fuelling concerns the Bank of England may rein in stimulus measures sooner than forecast. The capital’s premier index closed down 0.25 per cent to 7,016.49 points, while the mid-cap FTSE 250 finished 1.07 per cent to lower, dropping to [...]
Sunak says investors have nothing to fear over tougher tech M&A regulation September 15, 2021 Chancellor Rishi Sunak said proposals from the UK’s competition watchdog for tougher scrutiny of M&A deals in the startup industry are reasonable and not intended to discourage early investors in UK tech companies. “I don’t think people need to be that anxious about it,” he told reporters at a tech event in London. “No one [...]
Bridgepoint revenues and assets both jump by over 50 per cent in first results since IPO September 15, 2021 Private equity firm Bridgepoint’s assets under management swelled by 54 per cent year-on-year to €29bn in the first half of 2021, as the economy recovered from its pandemic lows and investor interest in its alternative asset classes surged. Upon listing in July, the buyout group’s shares soared by up to 30 per cent, and have [...]
UK tops G20 economic growth rankings September 15, 2021 The UK economy grew at the fastest rate among the group of rich and developing nations in the second quarter of this year, according to new figures released today. The Organisation for Economic Co-operation and Development (OECD) said the British economy expanded 4.8 per cent between April and June this year, the fastest rate out [...]
Redrow touts ‘record’ order book as revenue climbs towards pre-Covid levels September 15, 2021 Revenue at housebuilder Redrow has begun climbing towards pre-pandemic levels, as it touts a “record” order book after reinstating a dividend for loyal shareholders. Revenue hit £1.94bn in the year to 27 June, just eight per cent behind 2019, after it soared 45 per cent from 2020’s supressed figure. Profit before tax surged 124 per [...]
NFT marketplace OpenSea finds executive guilty of insider trading September 15, 2021 OpenSea marketplace has confirmed a company executive is guilty of insider trading, using confidential information to profit big on NFTs. Yesterday, a Twitter storm broke out when the company’s Head of Product, Nate Chastain, was publicly accused of purchasing NFTs destined for the website’s front page before their public listing. The digital artworks would then [...]
