Retailer, which also owns Funky Pigeon, says economic pressure has hit shoppers’ confidence

Card Factory has delivered an unwelcome early Christmas surprise for investors by issuing a shock profit warning during the greetings card retailer’s peak trading period, which sent shares plunging by more than a fifth.

The retailer, which also owns the online card and gift brand Funky Pigeon, said economic pressure on shoppers has hit confidence in its most important trading period of the year.

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought

Do Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud.

The South Korean, 34, had pleaded guilty to two counts of US charges of conspiracy to defraud and wire fraud.

Former deputy prime minister, who left Meta this year, to be joined by Facebook-owner’s chief AI scientist

Nick Clegg is to add venture capitalist to his list of post-politics jobs, with the former British deputy prime minister and ex-senior executive at Meta taking on a new role at London-based Hiro Capital.

Clegg, who left his role as the Facebook-owner’s head of global affairs this year, is joining the European tech investment firm as a general partner.

Head of advertising and data at Sky will lead C4’s response to threatened Comcast takeover of ITV

Channel 4 has raided Sky for its new chief executive as the broadcaster faces the prospect of a takeover of ITV by Comcast that would pose the biggest threat in its four-decade history.

Its board is understood to have agreed the appointment of Priya Dogra, the head of Sky’s advertising, data and new revenue, as its new chief executive.