BUSINESS LIVE: Crypto Squid scammers pocket $2m; BP profits rise

BUSINESS LIVE: Crypto Squid scammers pocket $2m; BP profits buoyed by oil prices; Homebuying process speeds up

The creators of a cryptocurrency inspired by Netflix series Squid Game have reportedly pulled the plug on the project and made off with more than $2million.

The SQUID cryptocurrency was marketed as a play-to-earn token, giving players the opportunity to win prize money through six online games based on the viral television series.

BP saw a sharp rise in third quarter profit, lifted by stronger oil and natural gas prices that have soared this year as economies recover from the pandemic.

The oil giant’s underlying replacement cost profit – BP’s definition of net earningsreached $3.32billion in the third quarter, exceeding analystsexpectations for $3.06billion.

The amount of time it takes for a property transaction to complete is down 27 days on average, new figures show.

Home movers had been dealing with an average five-month during the summer, according to Rightmove, but it now takes a little over four months – 要么 127 天 – to get through the conveyancing process.

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BP's $3.32bn third quarter profit compares to $2.8bn in the second quarter and $86m a year earlier, when energy demand and prices collapsed due to the coronavirus epidemic.

BP’s $3.32bn third quarter profit compares to $2.8bn in the second quarter and $86m a year earlier, when energy demand and prices collapsed due to the coronavirus epidemic.


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08:50

Jeff Bezos gives £732m to reforestation after chat with Prince Charles

查尔斯王子 played a key role in getting 杰夫·贝佐斯(Jeff Bezos) to pledge £732million for land restoration in Africa, 它已经出现了.

At a 警察26 event alongside the Prince of Wales and French president 伊曼纽尔·马克龙(Emmanuel Macron), the Amazon founder said he would match a previous contribution made through his Bezos Earth Fund.

08:30

显露: The supermarkets with the best availability of EV chargers

Supermarkets going that extra mile for electric vehicle owners by installing charge points at their stores have been revealed in a new study.

几乎 1,000 new devices have been retrofitted into supermarket car parks across the country since January 2020, data revealed by Zap-Map and RAC confirms.

08:15

BT 在达到削减成本的目标后飙升 18 提前几个月

BT shares surged after it hit a milestone cost-cutting target 18 提前几个月.

The telecoms group was the biggest riser on the FTSE 100 after it confirmed weekend reports that it has already slashed costs by £1billion – a goal it was planning to reach by 2023.

07:46

Is the B Corp badge at risk of being diluted?

Often described as the Fairtrade of business, B Corp status is the latest certification socially-minded businesses in Britain are scrambling to achieve.

Since it first launched in the US in 2007, 多于 4,000 companies have achieved B Corp status from Patagonia to Ben & Jerry’s.

07:46

Do ‘meme coinsrisk devaluing ‘seriouscryptocurrencies?

最近几周, the two most popularand establishedcryptocurrencies, Bitcoin and Ethereum, have hit record highs.

Bitcoin crossed the $66,000 mark and Ethereum $4,000, as the volatile crypto market goes on something of a bull run.

There are plenty of alternative coins available to those brave enough to dabble in crypto, all of which have their own USPs and potential uses.

07:44

More reaction to Staley’s exit: ‘It was long overdue

去年三月, Edward Bramson, boss of the activist investor Sherborne, called on Barclays to sack Jes Staley after news that the Financial Conduct Authority was investigating the chief executive’s ties to the convicted paedophile, the late Jeffrey Epstein.

The US activist investor argued that re-appointing Staley at the May annual meeting was ‘ill-advised’ because of the harm being done to the bank’s reputation, already reeling from Staley’s peculiar attempts at unmasking a whistleblower for which he was fined £642,000 and cost him a clawed back £500,000 bonus.

07:43

Will Barclaysnew £9m-a-year boss be based in London or New York?

The new boss of Barclays heaped praise on Jes Staley as he vowed to press on with the strategy started by his ‘manager, mentor and friend’.

CS Venkatakrishnan told shell-shocked staff in an email that he would ‘continue our existing plans to transform our organisation and build on our financial prowess’.

07:42

How Jes Staley’s Halloween horror unfolded

From the moment the Financial Conduct Authority told the bank about its preliminary findings late on Friday, the writing was on the wall for the 64-yearold American.

07:40

Squid pain: Crypto-speculators lose $2m to scammers

The creators of a cryptocurrency inspired by Netflix series Squid Game have reportedly pulled the plug on the project and made off with more than $2million.

The SQUID cryptocurrency was marketed as a play-to-earn token, giving players the opportunity to win prize money through six online games based on the viral television series.

07:40

Homebuying process speeds up by 27 天

The amount of time it takes for a property transaction to complete is down 27 days on average, new figures show.

Home movers had been dealing with an average five-month during the summer, according to Rightmove.

It now takes a little over four months – 要么 127 天 – to get through the conveyancing process.






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