Bitcoin Tests $12,000 Mark as Decentralized Finance Surpasses $4 Billion August 4, 2020 This week the price of Bitcoin (BTC) went from about $10,200 to a near $12,000 high, but it was met with resistance and crashed to less than $11,000 within 6 minutes. At press time, it’s trading at $11,200 as it steadily recovers. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week at $355 [...]
ITV’s Saturday Night Takeaway bags record 9.5m viewers as Brits flock to traditional TV March 22, 2020 ITV’s Saturday Night Takeaway pulled in a record 9.5m viewers last night as housebound Brits flock to traditional broadcasters during the coronavirus outbreak. The hit sketch show secured 45 per cent of all live TV viewers as hosts Ant and Dec presented the programme without a studio audience for the first time as a result [...]
Ethereum: A New Financial Network September 29, 2020 “The greatest risk is in not looking, not seeking to understand” — Christine Lagarde If we are to understand the financial services innovation brought forth by blockchain (a form of Distributed Ledger Technology) we first must comprehend the architecture behind our current banking and financial services industry. As of today, the industry consists of centralised service providers [...]
Taxing Amazon won’t save the UK high street August 16, 2018 A couple of years ago, a well-known retailer announced a bold new strategy for its online offering, including a proposal to shut down its website outside normal working hours so that shoppers could savour the times when it was open. It was, of course, an April Fool’s prank, but it has lingered in the memory far [...]
British startups slam competition watchdog over ‘power grab’ March 19, 2020 British startups have accused the competition watchdog of mounting an “old-fashioned power grab” after it called for beefed up powers to crack down on tech firms. In its annual report published today, the Competition and Markets Authority (CMA) said there was evidence of “growing market concentration and rising profit margins” in several sectors of the [...]
FTSE 100 extends losses after worst daily drop in a month May 1, 2020 The FTSE 100 extended its losses today after suffering its worst daily drop in a month yesterday as dire economic reports and weak earnings weighed on traders. London’s blue-chip index was down roughly 2.3 per cent at 5,762 points by around 10.20am today. By the mid-afternoon the FTSE 100 had trimmed its drop to just [...]
DEBATE: Is it fair to judge entrepreneurs like Amazon’s Jeff Bezos for their philanthropic efforts? September 18, 2018 Is it fair to judge entrepreneurs like Amazon’s Jeff Bezos for their philanthropic efforts? Sarah Turner, managing director of Carter Wong, says YES. We live in a world where the “haves” and “have nots” grow ever further apart. It’s also a world where big brands are waking up to the power of investing in social good [...]
DEBATE: Is it fair to judge entrepreneurs like Amazon’s Jeff Bezos for their philanthropic efforts? September 18, 2018 Is it fair to judge entrepreneurs like Amazon’s Jeff Bezos for their philanthropic efforts? Sarah Turner, managing director of Carter Wong, says YES. We live in a world where the “haves” and “have nots” grow ever further apart. It’s also a world where big brands are waking up to the power of investing in social good [...]
Markets live: FTSE 100 up but US stocks down amid stimulus hopes July 28, 2020 The FTSE 100 rose but US stocks fell as coronavirus cases climbed around the world and Republicans and Democrats prepared to debate a new stimulus package amid new vaccine trials The UK’s main stock index was 0.3 per cent higher in afternoon trading at 6,120 points after briefly slipping into the red. The FTSE 250 [...]
Boohoo shares plunge as major shareholder dumps stock July 13, 2020 Boohoo shares continued last week’s downturn this morning, slumping as much as 15.4 per cent as the decision by one of the fast fashion retailer’s biggest shareholders to dump the majority of its stock continued to spook investors. Standard Life Aberdeen (SLA), the UK’s largest listed asset manager, on Friday sold off shares in the [...]