Activist investor Bluebell takes stake in GSK to oust embattled chief exec September 22, 2021 The activist investor Bluebell Capital Partners has bought a stake worth €10m (£8.6m) in GlaxoSmithKline in a bid to shake up the pharmaceutical company’s leadership. Chief Executive Emma Walmsley has already seen off an attack from activist investor Elliott Management which urged GSK to name new board directors and launch a review of her leadership in [...]
Trader sues UBS over stress induced mental health issues September 22, 2021 A UBS Group trader is suing his employer claiming the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate. Simon Rope, who has been unable to work since suffering a breakdown in 2018, is claiming upwards of £200,000 for negligence over an anxiety disorder which was caused by “the stress to [...]
Robinhood shares jump nine per cent as crypto wallet confirmed September 22, 2021 Robinhood, the investor trading platform made infamous by the Gamestop incident, has announced it will roll out crypto wallets to customers amid surging demand. The trading platform, which lets non-professional investors purchase options, shares and crypto through its flagship mobile app, saw cryptocurrency transactions volume surge from to $233m in the second quarter of 2021, [...]
Good day: Dapper Labs raises $250m and strikes deal with La Liga September 22, 2021 The company behind NBA Topshot, Dapper Labs, has closed a $250m (£183m) funding round and announced a new deal with the Spanish football league. In addition to creating some of the NFT world’s most popular games Dapper Labs has built its own blockchain, known as Flow, to process high transaction volumes at speed. Today’s funding [...]
British food industry to be hit by five fold increase in CO2 prices September 22, 2021 The government has announced that the British food industry faces a “sharp rise” in the cost of CO2, a crucial component of food and drink production. Gas prices have surged forcing UK fertiliser plants to shut in recent weeks, leading to a shortage of CO2 used to make drinks and beer fizzy and to stun [...]
TradingView hits 550m unique users amid retail investor boom September 22, 2021 TradingView has seen its user base surge after Covid-19 lockdowns encouraged non-professional investors to trade from the comfort of their own homes. The website, which provides retail investors with market data and insights, reported a 400 per cent jump in membership accounts and a 237 per cent increase in visitors over the past 18 months. [...]
Three quarters of fraud professionals back mandatory reporting, study finds September 22, 2021 Three in four fraud professionals back mandatory reporting about instances of the UK’s most common crime according to a new survey. Under current legislation there is no requirement for a company to report fraud to law enforcement and little incentive for them to do so unless a criminal prosecution is sought. An overwhelming majority of [...]
US government imposes sanctions on crypto exchange September 21, 2021 The US government has imposed sanctions on a cryptocurrency exchange for the first time ever in a bid to clamp down on ransomware attacks. The Treasury Department’s Office of Foreign Asset Control (OFAC) has decided to blacklist the SUEX exchange over its alleged role in facilitating transactions for ransomware attackers. Analysis of the Russian exchanges’ [...]
UK courts charge a third man over salisbury Novichok poisoning September 21, 2021 British police have confirmed a third Russian man has been charged with the 2018 Novichok murder attempt on former double agent Sergei Skripal and his daughter Yulia. Detectives have accused Denis Sergeev, a senior military intelligence officer who worked under the alias Sergey Fedotov, of being part of the team who deployed a deadly nerve [...]
Football NFT platform Sorare raises $680m in Series B funding round September 21, 2021 Sorare, an NFT-based fantasy football game, has raised $680m (£497m) in Europe’s biggest ever Series B funding round. On the Sorare platform users buy, sell and exchange digital football cards, representing players, to build a fantasy team. Each card is an NFT meaning that it is unique and ownership is verifiable on a blockchain. “Sorare’s [...]
