PensionBee losses soar amid booming customer numbers and assets

PensionBee losses widen in debut stock market year but boss hails booming customer numbers as assets reach £2bn PensionBee pre-tax losses grow by 145% on the same time last year to £12.8m The firm did see revenues, customer numbers and assets grow significantly Boss Romi Savova expects PensionBee to reach breakeven by  the end of … Read more

Revolut sees losses double despite cashing in on cryptocurrency boom

Banking app Revolut saw losses almost double in 2020 despite cashing in on the cryptocurrency boom, as it continued to expand rapidly around the world and saw staff costs jump. The fintech company chaired by the former boss of Standard Life Aberdeen, Martin Gilbert, said it made a £39million gain on its cryptocurrency investments last year. … Read more

Toy business run by Kate Middleton’s parents records losses of more than £1million 

Toy business run by Kate Middleton’s parents records losses of more than £1million after company struggles amid the pandemic Kate Middleton’s parent’s company has recorded losses of £1million Directors said that the loses were ‘forecasted’ amid the coronavirus pandemic Middletons teamed up with new investors to develop their play and toy business By Andy Buckwell For … Read more

Toy business run by Kate Middleton’s parents records losses of more than £1million 

Toy business run by Kate Middleton’s parents records losses of more than £1million after company struggles amid the pandemic Kate Middleton’s parent’s company has recorded losses of £1million Directors said that the loses were ‘forecasted’ amid the coronavirus pandemic Middletons teamed up with new investors to develop their play and toy business By Andy Buckwell For … Read more

West End landlord Shaftesbury sees losses soar

West End landlord Shaftesbury sees losses soar after hospitality and retail closures during lockdown hammered its rental income The company recorded a £338.6m loss in the six months to the end of March  Lower rent collections, high vacancies and rent waivers hurt property income  Shaftesbury’s confidence has grown since hospitality and retail sites reopened  By … Read more

Bitcoin recovers from day’s worst losses as Elon Musk says Tesla will NOT sell its holdings

Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency. Bitcoin rebounded on Wednesday afternoon, hitting $40,400 after sinking as low as $30,201.96 in a panicked sell-off spurred by a … Read more

Banks’ losses from the Archegos Capital implosion soars past £7bn 

Global banks’ losses from the Archegos Capital implosion soars past £7bn By Daily Mail City & Finance Reporter Published: 23:15 BST, 27 April 2021 | Updated: 23:15 BST, 27 April 2021 Archegos Capital sent ripples across the world last month when it hit the buffers Banks’ losses from the Archegos Capital hedge fund implosion have … Read more

Credit Suisse faces investor backlash after Archegos crisis leaves it nursing heavy losses

Credit Suisse faces investor backlash after Archegos crisis leaves it nursing heavy losses By Lucy White For The Daily Mail Published: 22:18 BST, 30 March 2021 | Updated: 22:18 BST, 30 March 2021 Credit Suisse is facing a major investor backlash after the Archegos crisis left it nursing heavy losses. The banking giant was already … Read more

MORE John Lewis stores could close as retail giant records pre-tax losses of £517 million

MORE John Lewis stores could close as retail giant records pre-tax losses of £517 million for the year to January 30 Retail giant John Lewis Partnership has warned over further store closures The company, which owns Waitrose, revealed its annual pre-tax loss for the year The losses are a striking contrast compared to the profit … Read more

How using a pension can claw back losses from higher rate income tax

Middle-class families who have been caught out by the freeze in income tax thresholds could save hundreds of pounds by boosting their pensions. The number of Britons paying the higher rate of income tax will soar from four million to five million by 2026, following Rishi Sunak’s Budget. The higher 40 per cent rate will … Read more