Author: Sam Allcock

Barclays has announced an increased price target for Microstrategy’s stock, setting it at $225 following Bitcoin’s remarkable rally.This strategic decision by Barclays reflects growing confidence in Microstrategy’s approach to integrating Bitcoin into its corporate strategy, potentially yielding long-term benefits.Microstrategy, a leader in business intelligence and cloud services, is now widely recognised for its substantial investments in Bitcoin. The company’s bold strategy involves holding over 252,000 BTC, aligning its corporate ethos closely with cryptocurrency developments. As Bitcoin surged to $67,000, Microstrategy’s stock witnessed an impressive climb, reflecting its deep integration with the Bitcoin market.In response to the Bitcoin rally, Barclays, a…

Just Eat Takeaway reports a 6% global decline in orders, affecting all markets.Despite a fall in orders, Gross Transaction Value (GTV) has seen slight growth in key areas.New partnerships in grocery, pharmacy, and wellness sectors are being explored to foster growth.Cost reductions and operational efficiencies have been implemented to maintain financial guidance.Shares have dropped 3% amid these developments, continuing a year-long downward trend.In a recent trading update, Just Eat Takeaway disclosed a significant 6% decline in orders globally, affecting all its markets including the UK and Ireland, North America, northern Europe, and most sharply in southern Europe and Australia and…

Mohsin Issa, the former co-owner of Asda, has ventured into a new business domain by investing £10 million in a sports supplement company. This marks his first significant financial move since stepping down from his role at the supermarket giant.Issa’s investment has been channelled through Boulder Investco Limited into Applied Nutrition, a company known for its protein supplements. This investment aligns Issa with a consortium of four successful entrepreneurs from the North West, preparing for the company’s listing on the London stock market.Applied Nutrition is based in Liverpool and currently lists Andy Bell, founder of AJ Bell, as its chairman.…

Binance Coin (BNB) has demonstrated impressive growth, capturing the attention of investors with its substantial year-over-year gains. Currently trading around $589, BNB has maintained upward momentum despite market fluctuations.This analysis explores BNB’s potential for a 27% price increase by the end of October 2024, based on recent on-chain metrics and expert predictions. With a projected trading range reaching as high as $750, investors are keenly assessing the risks and rewards associated with this altcoin.Price Momentum and Recent TrendsBinance Coin has significantly surged over the past year, positioning itself as a formidable player in the cryptocurrency market. Throughout 2024, BNB consistently…

Shiba Inu, a prominent meme coin, is ambitiously aiming to increase its market cap significantly.Through strategic partnerships and enhancements in utility, SHIB is seeking to establish itself firmly within the cryptocurrency market.Predicting Shiba Inu’s Potential Market Cap and Price SurgeMeme coins are rapidly gaining attention in the cryptocurrency landscape, with Shiba Inu (SHIB) being a notable contender alongside Dogecoin (DOGE). The SHIB ecosystem has been actively working to enhance its utility, recently entering into a partnership with Mass Finance Inc., a well-known name in the finance industry. This collaboration is primarily focused on leveraging financial networks to increase SHIB’s visibility…

The UK hospitality industry is grappling with significant stress issues, intensified by a recent government policy reversal.A report highlights that 65% of hospitality workers experience stress, more than any other sector.A sharp increase in off-duty work-related rumination affects 95% of employees in this industry.The government dropped plans for a legal ‘right to switch off’, urging firms to self-regulate instead.WhatsApp dominates work communication, heightening concerns over blurred work-life boundaries.The UK hospitality sector is encountering unprecedented levels of stress among its workforce. According to recent findings, 65% of employees in this industry report experiencing considerable stress, a higher percentage than in other…

The UK wine industry faces impending challenges as significant changes to alcohol duty are planned.The new duty regime, effective from 1 February 2025, will introduce over 30 tax bands, greatly complicating the current system.Key industry players, including The Wine Society and Majestic Wine, warn these changes could lead to increased prices and reduced wine availability.Wines with alcohol content between 11.5% and 14.5% ABV, comprising 80% of the market, will be most affected.Wine retailers are actively lobbying against the change to prevent potential negative impacts on high streets and consumer choice.The introduction of more than 30 different tax bands for alcohol…

The fast fashion giant Shein is making significant strides toward a prospective IPO in London, appointing additional banks to support the process.Barclays and UBS have been enlisted as new bookrunners to manage Shein’s anticipated listing on the London Stock Exchange.Previously collaborating with major financial institutions like Goldman Sachs, JPMorgan, and Morgan Stanley, Shein is intensifying its preparations.A potential valuation of around £50 billion has been indicated, sparking both interest and concern within industry circles.Criticism is brewing over Shein’s labour practices and use of tax loopholes, with scrutiny from government officials anticipated.The fast fashion retailer, Shein, is actively advancing its plans…

Bitcoin ETFs in the United States have experienced a remarkable surge, attracting $1 billion in investments within three days.Led dominantly by BlackRock and Fidelity, this surge represents a critical juncture in the evolution and acceptance of cryptocurrency-based investment vehicles.The recent surge in spot Bitcoin ETFs highlights a burgeoning demand for cryptocurrency investments. In just three trading days, net purchases soared beyond $1 billion, emphasising a robust investor appetite. This growth underscores the market’s increasing interest in diversified crypto assets.BlackRock’s IBIT and Fidelity’s FBTC have been pivotal, collectively amassing around $760 million. On a single day, BlackRock’s fund secured $288 million,…

Prolific North’s ‘Growth to Gold’ event on 13 November is set to offer vital insights for agency leaders.Hosted at KPMG’s Leeds office, this event targets senior figures in digital and tech sectors aiming for strategic growth.Ten experienced speakers will share their knowledge on scaling, acquisitions, and investments, enriching the dialogue with their diverse backgrounds.Key sessions will include strategies for employee retention, mergers and acquisitions, and future-proofing businesses against market risks.Participants will benefit from a concluding panel session with interactive Q&A, promising actionable takeaways for business advancement.In anticipation of Prolific North’s upcoming event, ‘Growth to Gold,’ which will convene at KPMG’s…