Eve Sleep restlessly in seek of investor assistance to assist with shockingly low cash reserves.

Creative Media NewsSaturday, 24 September 2022, 12:000

Investors in mattress specialist Eve Sleep were not able to rest easy this week, as the stock dropped to 0.35p following a doubling of interim losses. The sleep wellness brand’ also cautioned that it will require more money in October if there is no bid for the company, as management forecasts that cash reserves will...

Call scam victims! As frauds grow, we urge on big banks to step up, as HSBC cuts its hotline and rivals put callers on hold for an hour.

Creative Media NewsThursday, 22 September 2022, 8:000

Today, Money Mail is urging big banks to reinstate helplines for fraud victims. Last month, we reported that High Street behemoths have sounded the alarm over an impending scam epidemic as criminals seek to capitalize on rising costs of living. During the pandemic, however, HSBC eliminated its fraud hotline without fanfare. Others, including Co-operative Bank,...

If budgets are squeezed this autumn, takeaways and dining out will be cut first, says a survey.

Creative Media NewsWednesday, 21 September 2022, 4:000

A survey indicates that spending on takeout and dining out will be slashed first if incomes are squeezed this fall. Almost half of the British households stated they would reduce their takeout consumption if they were forced to cut costs. The study indicated that 44% of respondents would spend less on eating and drinking away...

Should you utilize a bridge loan to expedite the purchase of a home?

Creative Media NewsWednesday, 21 September 2022, 2:000

Mortgage brokers report that prospective homebuyers are turning to bridge loans to purchase with cash and avoid becoming caught in a property chain. Despite the rising cost of living, home prices continue to rise, as a lack of houses entering the market fuels competitiveness. Brokers report a large increase in the number of prospective purchasers...

The app-based bank that continually increases your savings interest after signing up.

Creative Media NewsWednesday, 21 September 2022, 0:000

Zopa Bank has increased its savings rates once more, rewarding both new and existing customers. According to our savings rate rankings, its easy-access Smart Saver account currently pays 1.85%, making it the third most generous option on the market. Through a variety of connected notice accounts, savers can also increase their return to 2.25 percent...

Computacenter experiences a decline in profitability as supply chain shortages prompt a shift toward lower-margin services.

Creative Media NewsSunday, 11 September 2022, 18:000

Due to supply chain bottlenecks and a change in demand toward lower-margin items, Computacenter’s profitability for the first half of the year has declined. In the first half of the year, the Hertfordshire-based company that provides computing and cloud services to corporations and public sector institutions saw its profits fall by 5.2% to £77.8 million....

At the end of a turbulent week that witnessed the election of a new prime minister and the death of the queen, London is on the rise.

Creative Media NewsSunday, 11 September 2022, 16:000

After a week marked by the inauguration of a new prime minister and the death of the queen, the London stock market rose. The FTSE 100 index increased 1.2%, or 89.01 points, to 7351.07 and the FTSE 250 index increased 1.6%, or 309.74 points, to 19188.03 after the stock market announced normal trading operations. As...

Where would struggling households turn after a crackdown on payday lenders in the United Kingdom?

Creative Media NewsSaturday, 3 September 2022, 12:000

Errol Damelin and Jonty Hurwitz, entrepreneurs of South African descent, could not have imagined the impact they would have on the 120-year-old payday loans business when they set out to disrupt it in 2006. The founders of Wonga established the company to help cash-strapped borrowers just when the UK was on the verge of economic...

How a teacher’s fantasy investment in crypto turned into a horror loss.

Creative Media NewsSaturday, 3 September 2022, 4:000

Duncan* laments the astounding value of his bitcoin holdings at the beginning of this year: “If I had sold everything, I would have had a quarter of a million pounds.” During the coronavirus outbreak, the 47-year-old former elementary schoolteacher invested heavily in cryptocurrencies, putting his life savings into a portfolio whose value was soaring and...

GSK shares rise as the drugmaker fights ‘meritless’ cancer accusations over its heartburn treatment.

Creative Media NewsSaturday, 13 August 2022, 11:000

GSK has stated that it will ‘vigorously’ defend itself against any ‘baseless’ assertions that its heartburn medication Zantac raises the risk of cancer. GSK revealed that it has been identified as a defendant in about 3,000 personal injury claims in the United States, in response to escalating fears over a potential lawsuit that brought its...

Asset management Abrdn gets a stake in FCA-approved cryptocurrency exchange Archax despite sell-off.

Creative Media NewsSaturday, 13 August 2022, 10:000

Abrdn has acquired a position in the licensed UK digital asset exchange Archax, making it the latest asset management to place a wager on crypto-assets. Stephen Bird, the chief executive officer of Abrdn, stated that the investment presented a chance for “huge financial gains” since blockchain technologies were “inevitably going to play a significant role...

London-listed Georgian lender announces £22.8m buyback, dividend boost.

Creative Media NewsSaturday, 13 August 2022, 9:000

London-listed TBC Georgian Bank has initiated a share repurchase program following the release of another solid quarterly report. The Georgian bank announced that it had authorized the purchase of up to 75 million Georgian lari (about £22.8 million) of its stock, with a portion of the funds to be transferred to an employee benefit trust...

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