Financial watchdog warns of risky cryptoasset investments as bitcoin tumbles – business live
Rolling coverage of the latest economic and financial news
- FCA: You might lose all your money in cryptoassets
- Five reasons to be careful
- Bitcoin falls back to $34,000, after hitting $40,000 last week
- Still up 300% in 12 months
- FTSE 100 drops as tougher Covid-19 restrictions loom
2.04pm GMT
You don’t see many Dr Martens boots on the trading floors (even before the lockdown left many deserted!).
Best known for its 1460 boot featuring its trademark yellow stitching and chunky soles, the company expected to float at least 25% of the business. If the listing is approved, it will be one of first major initial public offerings (IPO) on the UK market this year.
It comes nearly seven years after Dr Martens was bought for £300m by the private equity group Permira. Sales under its ownership have surged, rising from £160m in 2013 to £672m in the year to March 2020.
Related: Dr Martens planning stock market debut in London
1.22pm GMT
Bitcoin has taken another stumble – and is now trading at around $33,530 — some 16% below Friday night’s levels.
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Source: theguardian
Financial watchdog warns of risky cryptoasset investments as bitcoin tumbles – business live
