Regulators demand LDI strategy ‘buffers’ to shore up funds following mini budget market meltdown April 24, 2023 Regulators are pressing managers of debt-fuelled liability driven investment (LDI) strategies to boost their access to quick cash and review the make up of their clients after the market was plunged into crisis by Liz Truss’s disastrous mini-budget last year.
Goldman Sachs income slides by £2bn with investment banking bearing brunt of a drop in dealmaking January 17, 2023 Goldman Sachs underperformed analyst estimates as a near halving in investment banking revenue and an expansion in loss provisions led to a steep drop in income. Profit dropped to 44% in the quarter ending 31 December 2022 compared to the same period last year. Goldman’s earnings per share slumped to $3.32, down from $10.81 last [...]
Vodafone to auction the world’s first ever text message as an NFT for refugee charity December 14, 2021 Vodafone announced today that it will auction an NFT of the world’s first ever SMS text message – which read ‘Merry Christmas’, and was sent on the network in December 1992.
In the real world, Ken really needs a job to feel fulfilled – just like the rest of us August 8, 2023 Ken doesn't need to question his masculinity, he just needs to contribute to the economy and get a job, writes Phoebe Arslanagic-Wakefield.
How Sculpture Source is carving a niche for the world of 3D artwork December 12, 2023 How do you sell a 3D artwork online? Polly Bielecka of Sculpture Source tells Jennifer Sieg that even the world of sculpture can have a digital side
SEC targets crypto space after stablecoins’ de-pegging event, while FTX recovers $500 million for refunds March 27, 2023 Crypto analyst Francisco Memoria looks over the past week to see what news narratives have been driving Bitcoin and the wider crypto markets.
FTSE 100 today: London markets set for cautious open as U.S. inflation data looms large February 29, 2024 Asia mirrors Wall Street's decline, bitcoin breaches $60,000, and oil prices fall; all eyes are on US PCE inflation data for market direction.
US bans accountants and consultants from working with Russia May 8, 2022 The US government has told American citizens they are now banned from providing professional services to anyone in Russia, as part of new sanctions in response to the war in Ukraine. The White House said today that all US persons are now banned from providing accounting, trust and corporate formation, and management consulting services to [...]
Not using a selling agent? You could be missing out big time October 8, 2021 There really is no exact science when it comes to putting a price on a property. Ultimately, reality dictates that it is only worth what someone is willing to pay – something many agents overlook, or fail to communicate, when it comes to recommending the asking price. Since selling your home can be one of [...]
Gymshark nets £45m profit as founder Ben Francis climbs up Sunday Times Rich List May 22, 2022 Sportswear brand Gymshark has pocketed a £45.4m pre-tax profit – a further jolt of good news for its young founder, who has risen in the Sunday Times Rich List. The e-commerce fashion retailer saw profit rocket in the year to July 2021, compared to 2020’s sum of £30.4m, according to accounts filed to Companies House [...]