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Finance

Ex-Balgownie finance director banned for VAT fraud

Scottish Doosan dealer Balgownie Limited went into administration last year owing more than £3m, shortly after changing its name to FB Realisations Limited. The fall of Balgownie/FB Realisations followed revelations that finance director David Smith had been submitting false VAT returns on behalf of the company for several years without the knowledge of his fellow …

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PFI woes continue to haunt Vinci

Publicity photo from www.vincifacilities.com Vinci Construction UK turned over £1.33m in 2024, unchanged from 2023, and made a pre-tax loss of £36,000. Though the loss was marginal, and a solid improvement from the £51.4m and £43.5m pre-tax losses of the previous two years, it was still another loss. Operating loss, before financial income, was £15.4m, …

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Q1 Results LIVE Updates: Samvardhana Motherson earnings below estimates; Max Healthcare net revenue up 27%

Q1 Results LIVE Updates: Bharat Petroleum (BPCL), Max Healthcare, Muthoot Finance, Samvardhana Motherson, United Spirits, Godrej Industries, IRCTC, Hindustan Copper, Devyani International, Avanti Feeds, are among the important earnings today. Q1 Results LIVE Updates: Over 500 companies are reporting their earnings today. Of these, Bharat Petroleum (BPCL), Max Healthcare, Muthoot Finance, Samvardhana Motherson, United Spirits, …

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Circle to launch Arc, a layer 1 blockchain for stablecoin finance

Arc is engineered for high-performance, EVM-compatible settlement in regulated financial environments, featuring deterministic sub-second settlement, opt-in privacy, and a permissioned Proof-of-Authority validation system. Photo: Kevin Rodriguez Key Takeaways Circle is launching Arc, a layer 1 blockchain focused on stablecoin payments and capital markets. Arc will use USDC as its native gas token and aims to …

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Peter Thiel acquires 7.5% stake in Ethereum treasury ETHZilla

It’s the second Ethereum treasury firm tied to Thiel’s investor group. Key Takeaways Peter Thiel has disclosed a 7.5% stake in ETHZilla, which trades under the ticker ATNF. Thiel and his investor group reported beneficial ownership of over 11 million shares of 180 Life Sciences. Peter Thiel, the billionaire tech investor and co-founder of PayPal …

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