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Stocks on the move: Virgin Money up 14%, Ocado down 7%

Virgin Money shares jumped more than 13% to lead the Stoxx 600 by mid-afternoon after the company reported a rise in pretax profit for the 2022 fiscal year and announced a £50 million ($59.4 million) share buyback program.

At the bottom of the European blue chip index, British online grocer Ocado fell more than 7%.

– Elliot Smith

FTX is ‘not idiosyncratic,’ investment advisory firm says

Paul Gambles of MBMG Group says there are more shock waves to come for the cryptocurrency industry and warns that liquidity is drying up.

Excess liquidity in the tech sector must be removed, investment management firm says

Dan Scott of Vontobel Asset Management discusses layoffs in the tech sector.

German October wholesale inflation well below expectations

Germany’s Producer Price Index came in at -4.2% month-on-month in October, the federal statistics office said Monday, well below a Reuters consensus…

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