Sir Michael Moritz on triathlon, dangerous investments and Fergie November 26, 2024 Sir Michael Moritz’s sixth sense for investing made him a multi-billionaire, so when he gives a rare interview and talks up the trajectory of one of his latest ventures, the T100 Triathlon World Tour, it seems smart to listen. The Welshman, 70, was among the first to believe in the potential of the tour and [...]
UK delays stablecoin regulation amid rise in crypto investing November 26, 2024 The government has delayed the rollout of a regulatory regime for stablecoins, it has been confirmed. City minister Tulip Siddiq confirmed that the government’s plan for stablecoin regulation, which had been expected this year, would be rolled into a larger regulatory plan for crypto next year. “Doing everything in a single phase is simpler, and [...]
Behind the bid: Dovid Efune’s shot at The Telegraph hangs in the balance November 26, 2024 As he took to the stage in New York to address the Algemeiner Journal’s annual gala last year, Dovid Efune was in a resolute mood. Fewer than two weeks had passed since the October 7 massacre, and the Jewish newspaper’s executive chairman – and owner of the New York Sun – opened his speech with [...]
Retail chief warns about return of inflation after tax-raising budget November 26, 2024 The chief of the British Retail Consortium (BRC) has warned that tax-raising measures announced in the latest government may lead to the return of inflation in the UK. Shop prices remained in deflation in November, down 0.6 per cent month on month, up from deflation of 0.8 per cent in the previous month. Shop price [...]
Reeves played fast and loose with business leaders’ trust November 26, 2024 Not long ago, Rachel Reeves would have been right at home in a room full of business leaders and employers. During the election campaign it was comfortable territory for the aspiring Chancellor who reassured the private sector at every turn that Labour would be “the most pro-business government the country has ever seen.” Now, just [...]
Why asset managers are leaving climate groups November 25, 2024 The UK asset management industry was hit last week with another significant departure from climate-focused organisations, as Baillie Gifford dropped its membership of two ESG groups. The Scottish asset manager left both the Climate Action 100+ group and Net Zero Asset Managers initiative after it became embroiled in a months-long scandal over its sponsorship of [...]
Employment Rights Bill slammed as ‘not fit for purpose’ by watchdog November 25, 2024 Labour’s Employment Rights Bill is ‘not fit for purpose’ according to a formal assessment by a leading government body. The Bill, which is being spearheaded by Angela Rayner, is aimed at tackling low pay, poor working conditions and a lack of job security. However, the Regulatory Policy Committee (RPC) has said the government’s own impact [...]
Khan unveils plan to make housing affordable for key workers November 25, 2024 Mayor Sadiq Khan has launched a consultation on plans to make housing more affordable for Londoners. Khan has proposed rents based on 40 per cent of key workers’ average household incomes, with rent rises potentially linked to wage growth. The proportion of a key worker’s income needed to cover rent on a median one-bedroom property [...]
South West Water customers given £450m in subsidies while firm dished out £1.5bn in dividends November 25, 2024 South West Water customers were given nearly half a billion pounds in government subsidies to keep their bills down, despite the water firm shelling out three times that amount in dividends to shareholders over the same period. The Department of Environment, Food and Rural Affairs (Defra) has been giving people in South West Water’s catchment [...]
FCA is ‘incompetent’ and transformation plan a ‘failure’, MPs say November 25, 2024 The Financial Conduct Authority (FCA) is “incompetent” and “defective” and attempts to transform itself over the past four years have been a “failure”, according to a damning report by a group of MPs, set to be revealed tomorrow. In a more than 350-page report compiled over three years, the All-Party Parliamentary Group on Investment Fraud [...]