Finance Source:

Bitcoin 'flash crash' sees long positions worth $2bn closed by exchanges

A so-called 'flash crash' for Bitcoin over the weekend has wiped out positions worth $2bn and left market experts pondering whether a wider reset for value has set in. go to Article >

Former CBI chief Fairbairn in race to head Channel 4

1 Day ago Finance Source:

Dame Carolyn Fairbairn has joined the race to head Channel 4, the state-owned broadcaster, two years after leaving the CBI after a period of fractious ties between Britain’s biggest employers’ group and Boris Johnson’s administration. read more

FTSE 100 joins Wall Street sell-off on rate rise and tech stock jitters

1 Day ago Finance Source:

The FTSE 100 has joined a global markets sell-off as it followed Wall Street into the red amid jitters over rate rises and the outlook for tech stocks. read more

Wagamama owner warns bounce-back in consumer confidence after Plan B may take a while

1 Day ago Finance Source:

The owner of restaurant chains Wagamama and Frankie & Benny's has warned that consumer confidence may take a while to bounce back even after Plan B restrictions are lifted. read more

Ex-Tory MEP Fox to join board of audit regulator

1 Day ago Finance Source:

A former Conservative MEP is to become a director of the audit regulator as the government seeks to head off criticism of the body responsible for overseeing corporate governance in company boardrooms. read more

Horror show for Netflix as shares plunge by a fifth after customer numbers fall short

2 Days ago Finance Source:

Netflix suffered a horror show as its shares lost a fifth of their value after latest subscriber numbers disappointed Wall Street. read more

Retail sales slide over Christmas as Omicron variant hits high street

2 Days ago Finance Source:

Retail sales fell by a worse than expected 3.7% last month as the Omicron variant was blamed for keeping shoppers away. read more

Peloton shares fall 20% on report of temporary production halt

2 Days ago Finance Source:

Shares in Peloton, the connected fitness firm, have fallen by more than 20% on a report the company is to cease production of its treadmills and bikes because of plunging demand. read more

Singapore fund backs $200m bet on fast grocery delivery service Zapp

2 Days ago Finance Source:

A Singaporean state investment fund is backing one of the new breed of rapid grocery delivery apps which have devoured billions of dollars of funding in a race to grab market share. read more

Wetherspoons chief 'breakdancing round my living room' as COVID rules ease

2 Days ago Finance Source:

Wetherspoons boss Tim Martin said he was "breakdancing round my living room" after COVID-19 restrictions were eased - amid signs of a return to normal trading from a number of businesses. read more

Unilever shares rise as it rules out increasing its £50bn consumer healthcare takeover offer to GSK

2 Days ago Finance Source:

Shares in consumer goods giant Unilever have risen after it effectively ended its pursuit of GlaxoSmithKline's consumer healthcare business saying it would not raise its £50bn offer. read more

Sony in shares slump after Microsoft's Activision Blizzard swoop

3 Days ago Finance Source:

Shares in PlayStation maker Sony have plunged after rival Microsoft, the company behind rival games console Xbox, agreed to buy games developer Activision Blizzard for $68.7bn (£50.5bn). read more