Author: Sam Allcock

World Liberty Financial has taken a bold step into the cryptocurrency landscape. Launched by former President Donald Trump, this platform operates on Ethereum’s blockchain.The launch of World Liberty Financial comes with significant restrictions for US investors. Currently, the platform only permits access to accredited investors in the United States. According to the guidelines from the Securities and Exchange Commission (SEC), accredited investors are required to have a net worth of at least one million dollars or an annual income of two hundred thousand dollars individually, or three hundred thousand dollars jointly with a spouse for the past two years.The opening…

Dexory, a robotic warehouse startup, has successfully closed a £60m Series B funding round.The firm’s autonomous robots offer crucial operational insights for fulfilment centres.Dexory’s technology enables the creation of digital twins, viewable on their software platform.The investment round was a combination of 70% equity and 30% debt.The company has now raised a total of $120m since its inception.Dexory, a leading innovator in warehouse robotics, has recently completed a significant £60m Series B funding round. This round was conducted with a mix of equity and debt, comprising 70% equity and 30% debt. The funding will further Dexory’s mission of revolutionising warehouse…

VeChain (VET) has recently shown promising performance, sparking interest among investors. With an increase of 15.8% over the past month, its potential to hit the 10-cent mark is being closely monitored.This article examines whether VET is likely to reach 10 cents in Q4 2024, considering current price trends and expert predictions. Substantial growth has been recorded, but can it sustain the momentum required to hit this ambitious target?For VET to reach 10 cents, a steep surge of 301.6% is necessary from its current valuation. As per Changelly’s forecasts, VET is expected to trade at $0.0293 by the end of this…

Rising Threats in Hong Kong’s Digital Landscape Hong Kong has seen a sharp increase in online threats this year, with scams, phishing, and malware attacks leading the charge. A recent survey highlights the growing vulnerability of individuals and businesses in the city, driven largely by a lack of cybersecurity awareness. As digital interactions become more prevalent, cybercriminals are taking advantage of gaps in both personal and corporate defenses, resulting in significant financial losses and operational disruptions. According to a report by Norton, a leading antivirus software provider, 49% of Hong Kong residents reported encountering an online threat in the past…

In a challenging September, UK retailers reduced prices amid adverse weather conditions.Shop prices noted a significant decline, marking the sharpest drop since August 2021.Non-food prices, particularly in furniture and clothing, saw noteworthy reductions.Food inflation experienced a slight increase due to poor harvests affecting certain products.Retail sales volumes rose by 2.5% in August, thanks to increased consumer spending.In September, UK retailers faced adverse weather conditions that significantly impacted consumer spending patterns. This led to a marked decline in shop prices, which dropped by 0.6% year-on-year, according to recent figures from the British Retail Consortium (BRC) and NielsenIQ. This decline, the sharpest…

Allegations have been made against Tesco and Sainsbury’s regarding the effectiveness of their recycling schemes. The concern is about the majority of soft plastics being incinerated instead of recycled.An investigation tracked 40 bundles of plastic waste through the recycling schemes of these supermarkets, showing unexpected destinations.A significant portion of the plastics collected were incinerated or turned into fuel, raising questions about the true recyclability of these materials.Campaigners claim these practices mislead consumers regarding the recyclability of packaging, with many plastics not being properly recycled.Supermarkets have defended their practices, citing improvements and challenges within current recycling infrastructures.An investigation by Everyday Plastic…

Amazon, a global e-commerce leader, is at a pivotal moment with its current stock price standing at $185. Investors are eager to see if it can reach the ambitious $265 target. With innovative developments underway, the financial world watches closely.Amazon is revolutionising its operations with new initiatives revealed at the recent Accelerate 3P conference. The introduction of generative AI tools and logistics advancements are noteworthy. These enhancements are expected to give Amazon a stronger foothold in the global market, potentially impacting its stock performance favourably.The consensus among analysts is overwhelmingly positive, with 44 out of 45 experts advising a strong…

Bitcoin’s return to prominence is marked by the bold investment of Japanese firm Metaplanet into digital assets. The move has sparked discussions on the increasing involvement of large companies in Bitcoin markets.This article delves into Metaplanet’s investment, its market impact, and implications for Bitcoin’s future. With this strategic purchase, Metaplanet positions itself within the digital currency arena, stirring interest among investors and market analysts alike.Navigating Cryptocurrency with Japan’s ¥1 Billion Bitcoin InvestmentThe realm of cryptocurrency witnessed yet another significant development with the substantial investment by Metaplanet Inc. The Japanese investment firm made headlines by purchasing 107.913 Bitcoins, translating to an…

Booths has achieved a significant milestone in its financial performance, surpassing £300 million in turnover.The Lancashire-based retailer reported a revenue of £318.6 million for the year ending 30 March 2024.Pre-tax losses were notably reduced from £4 million to £1.5 million over the same period.Booths’ strategy focused on maintaining a sustainable growth platform, addressing inflation, and optimising operations.A key move was the divestiture of a loss-making outlet, which enhanced the firm’s financial health.Booths, a prestigious supermarket chain with historical roots extending back to 1847, recently celebrated a landmark achievement in its financial performance. For the first time, the company’s turnover has…

Mulberry has declined an £83 million bid from Frasers Group, deeming it unsatisfactory.The brand’s decision reflects confidence in CEO Andrea Baldo’s new leadership strategy.Mulberry’s stock increased by 4.8% following its rejection of the offer.Frasers Group criticised the timing of Mulberry’s recent rights issue, finding it problematic.Frasers has until 28 October to formalise its proposal or withdraw permanently.Mulberry has turned down a substantial acquisition proposal from the Frasers Group, pegged at £83 million. The luxury brand communicated this decision after consulting with its primary stakeholder, Challice, which owns a majority of the company shares. Challice is controlled by Malaysian billionaire Ong…