Latest news with #York-based
Economic Times
a day ago
- Business
- Economic Times
Stablecoin issuer Circle targets $7.2 billion valuation in upsized US IPO
Circle's dollar-denominated USDC, the second-largest stablecoin in the world, is expected to benefit from the impending stablecoin bill, which is expected to catalyse institutional adoption. Stablecoins are designed to maintain a constant value, usually a 1:1 dollar peg, and are commonly used by crypto traders to move funds between tokens. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Crypto firm Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized initial public offering in the United States, underscoring growing momentum in the stablecoin upsized IPO indicates strong investor appetite for crypto firms under U.S. President Donald Trump, who has not only promised friendlier regulations for the sector, but also has several crypto projects associated with York-based stablecoin issuer Circle and some existing investors are now looking to raise up to $896 million from 32 million shares priced between $27 and $28 apiece, up from their earlier offer of 24 million shares between $24 and $ dollar-denominated USDC, the second-largest stablecoin in the world, is expected to benefit from the impending stablecoin bill, which is expected to catalyze institutional are designed to maintain a constant value, usually a 1:1 dollar peg, and are commonly used by crypto traders to move funds between reserve income, its primary revenue source, from interest on the Treasuries backing its USDC coin, rose 55.1% to $557.9 million in the quarter ended March distribution and transaction costs for the period jumped 68.2%, outpacing revenue growth for Circle, which distributes USDC primarily via its partnership with Coinbase and other third-party distributors.J.P. Morgan, Citigroup and Goldman Sachs are the lead underwriters for the offering. Circle will list on the New York Stock Exchange under the symbol "CRCL".Circle is poised to go public in New York later this week.
Time of India
a day ago
- Business
- Time of India
Stablecoin issuer Circle targets $7.2 billion valuation in upsized US IPO
Circle's dollar-denominated USDC, the second-largest stablecoin in the world, is expected to benefit from the impending stablecoin bill, which is expected to catalyse institutional adoption. Stablecoins are designed to maintain a constant value, usually a 1:1 dollar peg, and are commonly used by crypto traders to move funds between tokens. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Crypto firm Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized initial public offering in the United States, underscoring growing momentum in the stablecoin upsized IPO indicates strong investor appetite for crypto firms under U.S. President Donald Trump, who has not only promised friendlier regulations for the sector, but also has several crypto projects associated with York-based stablecoin issuer Circle and some existing investors are now looking to raise up to $896 million from 32 million shares priced between $27 and $28 apiece, up from their earlier offer of 24 million shares between $24 and $ dollar-denominated USDC, the second-largest stablecoin in the world, is expected to benefit from the impending stablecoin bill, which is expected to catalyze institutional are designed to maintain a constant value, usually a 1:1 dollar peg, and are commonly used by crypto traders to move funds between reserve income, its primary revenue source, from interest on the Treasuries backing its USDC coin, rose 55.1% to $557.9 million in the quarter ended March distribution and transaction costs for the period jumped 68.2%, outpacing revenue growth for Circle, which distributes USDC primarily via its partnership with Coinbase and other third-party distributors.J.P. Morgan, Citigroup and Goldman Sachs are the lead underwriters for the offering. Circle will list on the New York Stock Exchange under the symbol "CRCL".Circle is poised to go public in New York later this week.
Daily Mirror
4 days ago
- Health
- Daily Mirror
'I have invisible chronic condition that stole my balance and way of life'
Steve's life changed after he was diagnosed with a rare balance disorder - Bilateral Vestibular Failure. He was forced to give up his long-standing job and move out of London. However, he has since found hope and confidence again through Jorvik Tricycles. Balance disorders affect more than 1.8 million people - yet many have never heard of them. The 'invisible' condition remains largely unrecognised, both in society and by healthcare providers. For 54-year-old Steve Watkins, a rare disorder changed everything. Once a professional tennis coach and lifelong fitness enthusiast, Steve suddenly found his independence ripped away when his body began to fail him. 'Having been a keen cyclist and my job dependent on my active lifestyle, this change was a complete shock to me and my family both physically and mentally,' he said. It began with short dizzy spells. But within a few years, even walking in a straight line became impossible. 'From what started as short dizzy spells, within a few years I was unable to even walk in a straight line as I went from being an active 50-year-old to being unable to travel anywhere without assistance,' he added. Desperate for answers, Steve underwent tests in January 2020 and was told to begin daily exercises. But nothing seemed to help. Doctors eventually discovered that his vestibular system, which helps the body maintain balance, had dropped to zero out of 100 in both ears. It was then that Steve was diagnosed with Bilateral Vestibular Failure, a chronic and incurable condition that damages the inner ear and disrupts spatial orientation, movement, and balance. The vestibular system is a sensory system crucial for keeping us steady. It helps the brain detect head movements and maintain posture, and when it fails, the impact can be life-altering. Sport wasn't just a part of Steve's career; it was part of who he was, and the idea of losing that part of his identity hit him hard. After nearly four years of battling worsening symptoms and with no known cure, Steve was told he'd have to learn to manage the condition for life. 'When my doctors first told me that staying active was crucial, I had no idea how I'd manage. Struggling to walk in a straight line,' Steve said. Told that physical activity was key to managing the condition, but barely able to stay upright, Steve had to find another way. He was forced to quit his job, and he and his wife relocated from London to Worksop, Yorkshire, to be closer to family and adjust to their new normal. Then came a turning point. In a bid to regain some independence, Steve visited York-based Jorvik Tricycles to test ride an electric tricycle - and something clicked. His wife recalls it was the 'first time he's smiled like that in years.' Discovering Jorvik electric tricycles has been life-changing. Fitness and exercise were my life; losing the ability to be independent and work was devastating,' Steve said. 'This tricycle has given me my freedom back and has been incredible to me mentally to get back outside and boost my wellbeing.' What once seemed impossible has now become part of his routine. Steve regularly cycles along Chesterfield Canal, Clumber Park and the Monsal Trail near Worksop, and is now an active member of a local support group for people living with balance disorders. James Walker, Founder of Jorvik Tricycles, said: 'When we first met Steve, we were touched by his story and determined to help him. We're thrilled to hear that since discovering his Jorvik Tricycle, Steve has regained his freedom and independence and is now regularly exploring and enjoying the outdoors once again.' From feeling like his loss of balance stole his life, Steve has pedalled his way back to independence. 'For those struggling with balance and coordination on a traditional bike, Jorvik Tricycles can offer the chance to maintain freedom and movement without the worry. To date, the business has created tricycles for thousands of customers with mobility worries and additional needs,' James added.
Daily Mirror
27-05-2025
- Business
- Daily Mirror
HMRC warning issued as Brits waiting months for payouts which used to take weeks
In response to a request submitted in March, HMRC said that it would reply in August. In the message, the department said it was "currently processing requests received on 10 December 2024" A warning has been issued as HMRC is taking up to four months to process tax refunds, compared to only a few weeks previously. The issue was first flagged by York-based accountancy firm Equilibrium Accountants earlier this month. The firm's managing director Nikki Ainscough reported that some of her clients had been advised to wait more than four months for refunds of overpaid tax or national insurance. Processes which previously only took between four and six weeks. In response to a request submitted in March, HMRC said that it would reply in August. In the message, the department said it was "currently processing requests received on 10 December 2024". She told the Guardian: "I've never experienced this … Why has it jumped so significantly?' 'If the backlog is that big, it suggests a high volume of claims and a potentially substantial sum of money that is owing to small businesses and individuals at a time when cashflows are critical.' According to reports, the worst delays appear to be affecting refunds for employers' PAYE bills and the Construction Industry Scheme (CIS). The CIS is a scheme that applies if you work for a contractor in construction on a self-employed basis. If you fall under this scheme, the contractor must withhold tax on its payment to you. This means you could end up overpaying if you're on a low income or claim tax relief on trade expenses. It is understood that some of the staff working on PAYE and CIS refunds have been taking part in industrial action. HMRC has not provided a figure on how many people may have been affected by the delays, but confirmed that self-assessment refunds had not been affected. The tax department has not yet provided an official update on the issues since they first came to light. On the delays, a HMRC spokesperson said: "We're tackling response times for these refund claims by allocating extra staff to work on them. We've made significant improvements to our customer service overall. Customer satisfaction stands at around 80% and the funding settlement we've received means we'll be able to meet our service standards in 2025-26." Join Money Saving Club's specialist topics For all you savvy savers and bargain hunters out there, there's a golden opportunity to stretch your pounds further. The Money Saving Club newsletter, a favourite among thousands who thrive on catching the best deals, is stepping up its game. Simply follow the link and select one or more of the following topics to get all the latest deals and advice on: Travel; Property; Pets, family and home; Personal finance; Shopping and discounts; Utilities. If you pay more tax than you need to, then you will receive a tax repayment from HMRC. The main reason overpayments was due to people being on the wrong tax code. This can happen in a variety of ways, including starting a new job, receiving a redundancy payment, and only working for part of the tax year. In the majority of cases, HMRC calculates overpaid tax automatically and sends a P800 form to explain how to claim that money back. These are sent out at the end of the tax year, usually in the summer months. If this hasn't happened and you think you're owed a refund, you can apply for a tax refund online through the HMRC website. You'll be asked what you paid too much tax on, before being taken through a series of questions to find out a bit more about your circumstances. If you've requested a tax refund already, you can use HMRC's "Where's My Reply" tool to find out how long you can expect to wait. You'll need to provide some information about your request, including how and when you submitted it. The tool gives you a date for when you can expect a reply. It also tells you when the claims that are currently being processed were submitted. Some refund requests may require additional checks, which can take up to 12 weeks.
Yahoo
20-05-2025
- Health
- Yahoo
Vet practice team takes on gruelling challenge to raise money for charity
STAFF members of a veterinary practice are taking on the Yorkshire Three Peaks challenge in celebration of their 25th anniversary. 15 colleagues from Ashlands Veterinary Centre, which has branches in Skipton, Glusburn and Ilkley, will be aiming to climb Penyghent, Whernside and Ingleborough, on June 12. And while most will be walking and aiming to finish in 12 hours, vets Amy Sansby and Elizabeth Pratt and veterinary nurse Steph Ellis will run the 25 miles, including the 5,200 ascent. The team is hoping to raise £2,500 to split between the Keighley, Craven and Upper Wharfedale branch of the RSPCA and the Veterinary Benevolent Fund (Vetlife), which gives independent, confidential and free advice to people in the veterinary community. Ben Ogden, veterinary practice manager, said: 'This is a very special year for us as we are celebrating our 25th anniversary and we will also be opening our new hospital later in 2025, so we wanted to do a big event to mark the occasion. 'Doing the Yorkshire Three Peaks Challenge will be a great team bonding opportunity, as well as a chance to have some fun and raise money for two important charities that do so much good work for both animals and members of the veterinary community. 'Even colleagues who aren't taking part have volunteered to be support crew and we will have the practice ambulance parked are various points so we can refuel and have a rest. Some of the team are a little apprehensive but we'll be supporting each other as we always do, and it will be a great achievement.' Excitement is building over the opening of the new hospital which will be twice the size of its current practice in Ilkley and will boast the latest equipment and technology. Plans for the site, which is just further along Leeds Road from the existing practice, include five consulting rooms, with one dedicated to cats, three operating theatres including a dedicated dental suite, an ultra-sound suite and x-ray facilities. The site will also house a CT scanner suite boosting the practice's capability for handling a wider variety of cases, such as orthopaedics, soft tissue issues and tumour analysis. Investment for the practice is being provided by VetPartners, a York-based veterinary group led by members of the veterinary profession, which owns some of the UK's most respected and trusted small animal, equine, mixed and farm practices, including Ashlands Vets. To donate to their JustGiving page, go to: or, if you're visiting Ashlands Vets, you can donate through QR codes around the practice
