Business

People who lost their money in FTX, once one of the biggest cryptocurrency exchanges in the world, are to be paid back, with interest. Billions were lost when the cryptocurrency exchange headed by convicted fraudster Sam Bankman Fried went bust in November 2022, with an estimated one million customers losing funds. Money latest: Struggling iconic
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One of Britain’s biggest carpet retailers is axing more than 25% of its head office staff as it grapples with a protracted downturn in trading. Sky News understands that Carpetright, which is privately owned, notified staff on Tuesday morning that roughly 70 jobs would be lost as part of a cost-cutting process. The redundancies will
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HSBC is set to become the latest major international bank to remove the European Union-imposed bonus cap that had applied to its UK-based workers. The London headquartered lender’s shareholders voted in favour of scrapping the limit at its Annual General Meeting, the company said. The move was recommended by the board after the UK government
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Shifting expectations for UK interest rate cuts have contributed to a dip in house price growth, according to a closely watched measure. Nationwide reported a 0.4% dip in average property costs last month compared with March, taking the annual rate of growth to 0.6% from 1.6%. The lender’s report said the easing reflected “ongoing affordability
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