Category: Financial Services

Paramount Share Price Falls as Buyout Still to Be Decided
September 10, 2024 BY Sam Boughedda

Wise Platform Joins ABX Platform as Newest Payment Partner

Wise Platform, Wise's global payments infrastructure for banks and global enterprises, provides banks, financial institutions, and global enterprises with the capabilities, technology, and network to enable fast, secure, and cost-effective international payments for their customers. By joining the ABX Platform, it is said that Wise Platform will give AbbeyCross users access to faster, transparent, and…

Read more
Paramount Share Price Falls as Buyout Still to Be Decided
September 04, 2024 BY Sam Boughedda

Alpha Group Revenue, Profits Rise in H1 Despite Challenging Market

The company revealed that revenue surged by 16% to over £64 million, driven by growth in both its corporate and institutional divisions. In H1, 2023, the company reported revenue of £55 million. Despite the macroeconomic headwinds, Alpha Group's underlying profit before tax also increased, rising 14% to £22.3 million compared to £19.6 million the previous…

Read more
September 02, 2024 BY Sam Boughedda

Nasdaq Futures, Inc. Fined $22 Million for 'Core Principle Violations, Failing to Fully Disclose Incentives'

The CFTC said it found that Nasdaq Futures, Inc. operated a "Designated Market Maker" (DMM) program that included a volume-based component that was not disclosed to the CFTC or the public. They explain that the component provided additional payments to select DMM program participants based on the total volume of contracts they traded. The CFTC…

Read more
August 12, 2024 BY Elizabeth Anderson

Tumultuous Week In Stock Trading Ends On Steadier Note

The S&P 500 experienced its worst Monday and best Thursday since 2022 on 5 and 8 August 2024 respectively, typifying the seesawing markets. Based on CNBC data, the 10-year treasury yield plunged below the 3.7% mark on Monday and ended the week hovering around 4%. In another unexpected Monday market surprise, the Chicago Board Options…

Read more
Daily Market Commentary
July 30, 2024 BY Elizabeth Anderson

European Stocks Start Week On A High

Based on Bloomberg data, the Stoxx Europe 600 Index was already 0.4% up when the clock struck 8:07am in London. Seventeen of its 20 industry groups were in the green at this time. The shares of Dutch medical equipment manufacturer Royal Philips (PHI1.HA) spiked by more than 9% after the company reported an increase in…

Read more
July 08, 2024 BY Elizabeth Anderson

Mt. Gox Repayments Hobble Global Crypto Performance

Media reports showed that Bitcoin – the global powerhouse in virtual tokens – was down 3% at one stage and even dipped below $55,000 during Friday trading. This was the first time since the end of February 2024 that Bitcoin has slumped this low. Ether, another popular cryptocurrency, dropped by approximately 5%. CNBC said that,…

Read more
LSEG, London Stock Exchange
July 02, 2024 BY Robert Bell

Harland & Wolff Shares Suspended Amid Doubts Over Future

Based in Belfast, HARL is famous for owning the shipyard where the Titanic was built. The company has now confirmed that it has been locked in discussions with auditors as it looks for the right way to account for the revenue generated by some contracts. This issue has caused the publication of its 2023 annual…

Read more
June 13, 2024 BY Elizabeth Anderson

SEC Charges Joonko CEO And Founder With Fraud

Joonko, a New York City artificial intelligence (AI) startup, operated an AI-driven job board to promote diverse and inclusive employee hires. Based on a June 2023 New York Post report, Raz resigned after an internal company investigation found that she had “engaged in egregious, unethical and fraudulent conduct, which caused harm to the company and…

Read more
June 12, 2024 BY Elizabeth Anderson

Raspberry Pi Debut Gives LSE A Welcome Boost

During morning trade, RPI shares were up 31%, establishing a good starting point for the company as it wishes to raise £166m with its debut. Open trade is set for Friday 14 June 2024. The firm, which makes small, single-board computers, initially priced its shares at 280p each, giving it a market value of £541.6m.…

Read more