Bankman-Fried admits meetings on Alameda’s finances prior to FTX collapse December 4, 2022 Sam Bankman-Fried has admitted he had more knowledge of the financial health of FTX’s sister trading Alameda Research than previously suggested, as the extent of the ties between the two collapsed firms emerges.
Week ahead: Inflation expectations numbers top City’s agenda December 4, 2022 Investors this week will be eyeing fresh data revealing how long households think high inflation will stick around in the UK for clues on the size of the Bank of England’s next interest rate rise. Last week, London’s premier FTSE 100 index climbed nearly one per cent to 7,556.23 points, while the domestically-focused mid-cap FTSE [...]
The spotlight on risk and compliance in Digital Assets December 2, 2022 | Sponsored The recent meltdown of the “JP Morgan Of crypto” FTX has created and existential crisis among the Digital Asset arena. This has undoubtably shed a gigantic spotlight on the attitude of the Digital Asset sector to compliance, risk, and general governance internally. With the wreckage still being sifted through from regulators and investors alike the [...]
London markets post mixed day as banks take a tumble December 1, 2022 London markets posted mixed performance today as big industrial firms and banks dragged the FTSE 100 lower. The capital’s premier index dropped 0.19 per cent to 7,558.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 1.28 per cent to close at 19,409.42 points. [...]
Q&A: what is COP15 and why should investors care? December 1, 2022 | City Talk The UN biodiversity summit COP15 is taking place in Montreal, Canada, next month. We explain why it matters. COP27, the UN climate summit, is well-known as the world’s biggest conference on climate change. But many people may be unaware of what COP15 is and why it’s important. In this quick Q&A, we look at why [...]
Pound hits highest level against US dollar since early August and posts best monthly gain since 2020 December 1, 2022 The pound has climbed to its highest level against the US dollar since early August driven by investors betting on slower interest rate rises across the pond. Sterling bounced above $1.22 and was up over 1.2 per cent against the dollar heading into late afternoon trading today. US Federal Reserve chief Jerome Powell last night [...]
European jobs market defies expectations as unemployment hits record low December 1, 2022 The European jobs market is defying expectations and holding up well despite experts expecting the bloc to tip into a tough recession, fresh figures out today show. The proportion of people unemployed in the 19 countries using the euro dropped to a record low 6.5 per cent in October from 6.6 per cent in September, [...]
Britain’s factories already in recession on ‘lethal cocktail’ of constraints December 1, 2022 Britain’s factories are already in recession sparked by demand receding as the country’s economy slumps, a closely watched survey out today reveals. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) inched higher to 46.5 last month from 46.2 in October. Despite the slight rise, the survey remained far [...]
Peel Hunt profits plunge 99 per cent amid capital markets slowdown December 1, 2022 Peel Hunt said profits plunged by 99 per cent in the first half of the year as it is hammered by a slump in initial public offerings and volatility on the markets.
Home REIT and short seller trade barbs as share price tumbles November 30, 2022 Social housing investor Home REIT has hit back at short seller Viceroy Research today after the investor launched an attack on the quality of charity tenants in its portfolio.
