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Binance hit with $6.3bn hack


By Goran Nastic

Binance has suffered what is believed to be the largest cryptocurrency theft on record, with an estimated $6.3bn (£4.7bn) of digital assets affected, prompting fresh concerns about cyber security across the financial sector.

The world's largest cryptocurrency exchange said its initial investigation suggested the breach may have originated from a compromised DevOps engineer's laptop


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Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


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BP profits almost quadruple

BP reported a big rebound in third-quarter earnings, fuelled by stronger refining margins and improved gas trading

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AstraZeneca launches $1.5bn cost-saving programme

AstraZeneca reported stronger-than-expected third-quarter earnings and unveiled a three-year restructuring programme aimed at generating $1.5bn (£1.1bn) in annual savings to reinvest in its drug development pipeline

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NatWest cuts 1,400 jobs as it reduces costs

NatWest has announced that it has cut 1,400 jobs in the year to date as part of its £420m cost-saving drive

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Tesco to sell Czech and Slovak business for £1.5bn

Tesco has announced that it is to sell its businesses in the Czech Republic and Slovakia to the Dutch retail firm, Ahold Delhaize, for a total enterprise value of £1.5bn

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Lloyds Q3 profits jump

Lloyds Banking Group reported a strong rise in third-quarter profits a day after the Budget raised the banking-sector corporation tax surcharge

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Lloyds CFO says prolonged bank tax hike could hit lending

The CFO of Lloyds Banking Group has urged the government not to extend its planned increase in the bank corporation tax surcharge beyond March 2028, arguing that a prolonged levy could undermine lending, investment and the UK's competitiveness as a financial centre.

Speaking after the lender's third-quarter results, CFO William Chalmers said the industry accepted the government's fiscal challenges but warned that higher taxes on banks were "unhelpful" to economic growth objectives

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Haleon shares drop as it cuts 2026 revenue forecast

Shares in Haleon have fallen by over 14% after the multinational consumer healthcare company cut its full-year organic revenue growth forecast to 2.5%

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Standard Chartered lifts forecasts after 27% profit jump

Standard Chartered has raised its full-year revenue and net interest income forecasts after third-quarter pre-tax profit rose 27% to $2.25bn

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Unilever delivers robust sales growth but investors want more

Unilever has upgraded its full-year volume growth forecast after delivering stronger-than-expected third-quarter sales, but shares slipped Wednesday nonetheless

GSK sales rise 5% in Q3

Shares of pharmaceutical firm GSK slid around 4% this morning despite the FTSE 100 company beating third-quarter earnings expectations and reaffirming its full-year guidance
HSBC profits rise 32% but wealth business disappoints

HSBC reported a 32% rise in third-quarter pre-tax profit to $9.6bn, but its shares fell after revenue missed expectations, with weaker performance in its wealth management business dragging down results
Hunting cuts earnings forecast on Middle East conflict

Precision engineering outfit Hunting, which is still searching for a new CEO, has cut its full-year earnings forecast for the second time this year after escalating conflict in the Middle East disrupted trading and weakened its near-term outlook, sending shares down by more than 10%


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