Travelex creditors take £368m hit after pre-pack administration September 16, 2020 Unsecured creditors in troubled foreign exchange provider Travelex are set to suffer heavy losses after suffering a shortfall of more than £368m. The majority of the shortfall, around £319m, is owed to bondholders who took control of Travelex but whose identities are unknown, according to the Times. Last month PwC said a pre-pack administration sale [...]
Government spends £624m on consultancy contracts during pandemic May 4, 2021 The government has awarded contracts worth at least £624m to private firms for consulting, marketing and research purposes during the pandemic, despite criticism it has been too reliant on private firms during the crisis. In total some £30.2bn in contracts have now been awarded by the UK government in response to Covid-19, the latest figures [...]
Crypto is a revolution built on economic and social incentives November 23, 2021 Crypto is built on economic and social incentives that make good actors of the mass majority of participants because it is transparent, says Dr Kacher.
Vive la metaverse, and all hail DAOs! December 22, 2021 DeFi is the backbone of a new financial system that displaces legacy banking, says Dr Chris Kacher.
London’s small-cap firms fall behind FTSE 100 on diversity targets February 17, 2021 The lack of diversity in boardrooms goes well beyond the FTSE 100 with new research showing just how little progress small-cap firms have made. A staggering 84 per cent of AIM and 78 per cent of Small Cap 100 companies have all white boards, over double the proportion seen in the FTSE 100. Some progress [...]
eSports team expands into India March 26, 2021 One of Europe’s biggest eSports brands, Team Vitality, has today announced its first all-Indian mobile eSports roster. The move represents the Paris-based eSports brand’s first major expansion beyond Europe and its first foray into the world of mobile eSports. The announcement reconfirms the brand’s plans to globalise its teams into Asia and South America. The [...]
European Parliament calls Brexit a ‘historic mistake’ before voting for trade deal April 28, 2021 The European Parliament has voted to ratify the EU’s post-Brexit trade deal with Britain, but not before branding Brexit a “historic mistake”. MEPs overwhelmingly approved the deal, with 660 votes to five and 32 abstentions, in a result announced this morning. The deal was provisionally ratified by the 27 EU ambassadors in December to ensure [...]
Dividend payout at Winkworth suffers as business prepares for profit fall January 13, 2021 Winkworth profits are expected to fall for 2020, with market upheaval cited as the primary reason for the loss. In a market update this morning the estate agent said revenues for 2020 were relatively flat on 2019, and profit was likely to fall by 15 per cent. As a result of the loss the total [...]
Pizza and a pint: Fuller, Smith & Turner poaches Domino’s CFO June 11, 2021 Hotel and pub group Fuller, Smith & Turner has poached Domino’s Pizza’s chief financial officer who will join the company towards the end of the year. Joining the pub group as finance director, Neil Smith will also be placed onto the group’s board. Shares in Domino’s sank following the announcement, falling by 1.85 per cent [...]
A decentralised world brings economic efficiency, economic proficiency, stability, and peace of mind – Part 2 March 16, 2023 In part two of Dr Chris Kacher's overview of what a decentralised world holds, he examines the power of what a DAO can do.