The fund is supported by CDP Venture Capital, which operates under Cassa Depositi e Prestiti (CDP), Italy's state-backed financial institution known for its investment in innovative and strategic sectors for the country's economic growth. During a conference on AI held in Rome, which brought together experts, policymakers, and industry leaders to discuss the future of…
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The offer of 220p per VMUK share represents 38% added to the company’s price on the open market on the day of the offer. It has also been suggested that a 2p dividend per share will be added to that figure. The expanded firm will be the second-largest mortgage provider in the UK, and also…
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According to the financial watchdog, it banned Arthur Cobill, an IFM adviser, and William Hofstetter, an IFM director, from advising customers on pension transfers and opt-outs. Hofstetter was also prohibited from holding a senior position at any regulated financial company. Cobill agreed to pay £120,000 and Hofstetter £40,000 to compensate IFM’s customers. The regulator said…
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Reportedly, only US investors can access the new features at present, but the company indicated plans to roll out its futures and commodities options across its global customer base. A Bloomberg report quoted Webull’s chief strategy officer and head of derivatives, Arianne Adams, who said: Understanding the significance of using futures is beneficial to all…
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Markets witnessed demand for the precious metal increase based on several factors, which has seen buyers lift prices higher for eight consecutive days. Last week, the largest one-week gain was recorded since early October 2023. Gold Demand Factors underpinning gold include rate expectations forecasting that the US Federal Reserve (the Fed) will step up and…
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This growth was driven by businesses as well as individuals moving on to private healthcare rather than relying on the state’s services. This helped Aviva’s annual operating profits get a 9% boost in 2023, outperforming analyst predictions by reaching £1.5bn last year. Dame Amanda Blanc, the chief executive at Aviva, received remuneration of £6.6m in…
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This treaty will create one million direct jobs over the next 15 years to help address India's societal imbalance of wealth and poverty. In return, India committed to reducing import duties on products from the countries that form the European Free Trade Association (EFTA). AP reported this trade agreement covers 'goods and services, investment promotion…
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Based on Reuters information, CEO Yoni Assia indicated that the company is weighing up its options to launch an IPO in New York or London. He added that a New York listing would mean exposure to a larger pool of investors. In an interview with the Financial Times, as cited by Reuters, Assia said: We…
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This news came as Paramount (PARA) CFO Naveen Chopra spoke at the Morgan Stanley Technology, Media & Telecom Conference. The company believes that it will be profitable by 2025 without having to increase the cost of its packages in 2024. However, Chopra said that “going forward, we do anticipate future price increases”. He also said…
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The bank announced on Wednesday, 6 March 2024 that former Whitehouse Comptroller of the Currency, Joseph Otting, is its new CEO. This appointment is part of a $1bn capital infusion from investors, which reportedly includes past Treasury Secretary Steven Mnuchin. High interest rates and a problematic commercial real estate (CRE) market are some of the…
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