Blythe Masters’ Digital Asset Holdings just bought blockchain start-up Blockstack.io October 29, 2015 Blythe Masters’ Digital Asset Holdings just bought a blockchain start-up. The company announced it would be buying Blockstack.io, a cloud-based blockchain system that offers "blockchain-as-a-service" for financial players. Masters, the former JPMorgan Chase executive, confirmed the takeover today: Blockstack’s solutions will enhance the existing Digital Asset technology stack and Miron, a renowned pioneer in the [...]
Sony shares tumble despite second quarter profit from PlayStation 4 sales surge October 29, 2015 Sony's restructuring is starting to pay off as the company reported it was back in black, but shares have tumbled by as much as five per cent. The figures Profit for the three months to the end of September came in at 33.6bn yen (£182m) compared to a loss of 136bn yen in the same quarter last [...]
GoPro share price tumbles to lowest point since IPO October 29, 2015 GoPro shares have plummeted over 17 per cent since revealing sales falling short of expectations yesterday. The camera company’s share price was down to $25 in early Wall Street trading. This is just a dollar above the initial offering of $24 – and the lowest point since listing in 2014. The sell-off follows yesterday’s disappointing [...]
VW emissions scandal: Extra diesel fumes caused by Volkswagen cheat will cause early deaths, study finds October 29, 2015 The knock-on impacts of the Volkswagen emissions scandal are potentially fatal, according to a new study published in the journal Environmental Research Letters. In the US alone, an estimated 60 people will die up to 20 years prematurely because of the extra toxic pollution that has already been released by the German carmaker's cheat engines. In [...]
Company prospects pick up as insolvencies fall in third quarter October 29, 2015 Prospects for business are looking brighter after industry statistics revealed a drop in the number of companies collapsing into administration in the third quarter of the year. An estimated 363 companies entered administration in the last three months, a decrease of 2.4 per cent compared with the previous quarter and 5.5 per cent lower than [...]
British Gas customer login data leaked in third personal data incident in a week after TalkTalk cyber attack and Marks & Spencer technical glitch October 29, 2015 The account details of as many as 2,000 customers of British Gas have been leaked online, in the third high-profile personal data leak in less than a week. Email addresses and passwords to login to British Gas accounts were posted on the text upload website Pastebin, but the company believes the information leak was not as a result of [...]
Allergan share price soars on confirmation of possible mega-merger with Pfizer October 29, 2015 Allergan has confirmed it is considering joining forces with Pfizer to create the world's biggest drugs company. In a statement, the company said it was "in preliminary friendly discussions regarding a potential business combination transaction" with Pfizer. It added that there was no guarantee of a deal: No agreement has been reached and there can [...]
Deutsche Bank Strategy 2020: Everything you need to know about Deutsche’s turnaround plan October 29, 2015 Deutsche Bank unveiled a €6bn (£4.4bn) loss this morning: it's less than the €6.2bn it warned of in October, but suggests something needed to change. And lo, new chief executive John Cryan spent the morning outlining Strategy 2020, his plans to turn the bank around. Here's a breakdown of his plans: 1. Cutting jobs – and clients [...]
Playtech share price rises on soaring sales October 29, 2015 Playtech’s sales have been soaring in the last quarter, pushing the gambling softwares company’s shares up. The figures Playtech reported revenues of €170.9m (£122.5m) in the third quarter of 2015. This is up 47 per cent against the same period last year. Adding back the impact of taxes, exchange rates and excluding the company’s recent [...]
Deutsche Bank share price dips as it posts €6bn loss and announces plans to cut jobs October 29, 2015 Embattled lender Deutsche Bank posted a €6bn (£4.3bn) loss for its third quarter, adding it will cut thousands of jobs as part of its turnaround plan. Still, that loss isn't as bad as the €6.2bn loss it warned of in October… Read more: Deutsche Bank's big shake-up – here's everything you need to know The figures [...]
