Bored Ape start-up eyes investment deal with Andreessen Horowitz February 3, 2022 The Bored Ape Yacht Club is reportedly in talks with investment fund Andreessen Horowitz over a funding round which could value it at $5bn.
Paypal shares down 25 per cent as 4.5m illegitimate accounts shut down February 3, 2022 Paypal has closed 4.5m illegitimate accounts and lowered its new customer forecast causing shares to lose a quarter of their value overnight.
Brits brace for worst cost of living squeeze since 1990 February 3, 2022 Brits are set for the worst cost of living squeeze in recent history in just a few months’ time, reveals fresh forecasts released by the Bank of England today. A combination of swelling energy bills and soaring food prices will erode real incomes at the fastest pace since in over 30 years. Rampant price rises [...]
Bank of England hikes rates at successive meetings for first time since 2004 February 3, 2022 The Bank of England today flexed its inflation fighting muscles and hiked interest rates at successive meetings for the first time since 2004. A majority of the Bank’s committee of rate setters voted to lift rates 25 basis points to 0.5 per cent. The consecutive rate hikes mark a sharp policy shift from Threadneedle Street [...]
Which metaverse stocks should you watch? February 3, 2022 | City Talk Following a bearish January, are metaverse stocks set to recover? Investors who are feeling a strange sense of déjà vu over January’s market sell-off are not alone. With tech stocks shattered, and CNN reporting Warren Buffett as ‘having the last laugh’, a new era of tightening monetary policy has seen investors reassess outlandish growth prospects. But this [...]
FTSE-100 flat as investors await BoE rate decision February 3, 2022 London's premier index has opened flat today as investors await the Bank of England's decision on a rate hike.
Playtech shares jump 10 per cent on news of fresh takeover bid February 3, 2022 Playtech's share price has soared 10.6 per cent after it was revealed that TTB Partners is angling to make a fresh takeover bid.
Australia’s richest man files lawsuit against Facebook over scam ads February 3, 2022 Facebook is in hot water once again after an Australian billionaire launched legal proceedings against parent company Meta. Iron ore magnate Andrew Forrest today confirmed the launch of criminal proceedings against Meta in an Australian court, alleging that it breached anti-money laundering laws and let its platform be used to scam Australians. The Fortescue metals [...]
BT in negotiations with US rival Discovery to create new sports channel February 3, 2022 BT has revealed it is in exclusive negotiations with US media giant Discovery to create a joint venture for its sports business.
Exclusive: Bank of England to launch quickest tightening cycle since 2004 February 3, 2022 The Bank of England will this year embark on the fastest rate hike cycle since 2004 in a bid to tame rampant inflation in the UK, starting at its meeting of rate setters today, reveals an exclusive City PM poll of top City economists. The first back-to-back rate hike in 18 years is a foregone [...]
