Crypto bank Silvergate collapses; HS2 delayed; US jobless claims jump – as it happened

Rolling coverage of the latest economic and financial news, as crypto turmoil leads to an "orderly wind down' and voluntary liquidation' of Silvergate bank

• UK house prices could be stabilising despite falls, say surveyors
• Parts of HS2 to be delayed or cut as ministers prepare to reveal rising costs

UK software group WANdisco has asked for its shares to be suspended after discovering potentially fraudulent irregularities" in its trading.

WANdisco told shareholders that an investigation by its chief executive and chief financial officer had found that it may have materially mis-stated its financial position, and its revenues.

The identification of these irregularities will significantly impact the Company's cash position and lead to a material uncertainty regarding its overall financial position and significant going concern issues.

After an impressive share price performance since the start of the year, up 43%, this black swan event has the potential to sharply derail its bull run and result in a significant negative rerating in the stock's valuation, depending on the outcome of the investigation.

Just this week, shares hit a 12-month high after it announced plans for an additional listing in the United States, adding to the debate about whether a growing number of businesses are opting for a New York listing over a London equivalent. Whether these potentially fraudulent irregularities stands in the way of its plans for a dual listing is yet to be seen.

It's shocking but not surprising that one of the world's richest oil and gas giants can hand its CEO a jaw-dropping bonus while hardworking people - nurses, paramedics, teachers - must strike to get fair pay.

It's a sign of just how broken our energy system is that Shell and other fossil fuel companies have made record-breaking profits from an energy crisis that's forcing families to choose between heating their homes and putting food on the table.