Scammers can create fake Facebook and Google ads ‘within hours’ July 6, 2020 Lax controls on Google and Facebook enable scammers to create and post adverts for fake businesses within just a few hours, according to an investigation. Harry Rose, editor of Which magazine, said it was “worryingly easy for fraudsters to create adverts promoting scams for fake products and services”. Which created two linked fake companies – [...]
Westminster’s Beis committee to probe post-Brexit subsidies regime September 23, 2021 A Westminster committee is set to probe the UK’s post-Brexit subsidies regime and the role of the competition watchdog post-Brexit. The Business, Energy and Industrial Strategy (Beis) committee’s inquiry will look at “the main opportunities and challenges for businesses under the new UK state aid regime” and “whether competition policy in the UK has weakened [...]
Coronavirus: Calls for price controls dismissed as ‘economically illiterate’ April 10, 2020 Economists have hit back at Which? after the consumer watchdog said that the government should enforce price controls on certain items to prevent so-called “price gouging” during the coronavirus pandemic. The calls came after the consumer group said it had found that items such as handwash, cleaning products, and baby formula were selling at vastly [...]
FCA lays out three year plan to increase ‘enforcement and intervention’ April 7, 2022 The City watchdog has laid out a new three year regulatory strategy today to sharpen its efforts to protect consumers and increase its powers of “enforcement and intervention”.
1 Minute Market Rundown – 18th May 2022 May 18, 2022 Trade the ExtremesUSD Gives Up Some of its GainsCrypto Consolidates There is not too much to add from yesterday’s piece sadly. The main talking point was Powell reiterating the FED’s stance on inflation. Powell said the FED won’t hesitate to tighten policy beyond neutral to curb inflation. Stock’s stalled their recent rise and the USD [...]
What can Sunak-friendly fintech expect under Truss? September 12, 2022 Some fintech bosses are reconsidering what a Truss leadership may mean for the sector.
FCA moves fast to let firms provide mortgage breathing space June 30, 2023 The City regulator says it has moved quickly to make rulebook changes, to help give households some relief from rising mortgage rates. The Financial Conduct Authority (FCA) said lenders should make the options available to borrowers clear and accessible. Sheldon Mills, executive director for consumers and competition at the FCA, urged homeowners who are struggling [...]
EU to investigate Nvidia’s $54bn purchase of Arm August 27, 2021 Brussels is preparing to open an investigation into Nvidia’s acquisition of Arm as a result of competition concerns. Nvidia plans to notify the EU of its intention to purchase Cambridge-based technology company Arm in the first week of September. Two sources with detailed information of the process told the Financial Times that when Nvidia officially [...]
EU to investigate Nvidia’s $54bn purchase of Arm – CityAM : CityAM August 27, 2021 Brussels is preparing to open an investigation into Nvidia’s acquisition of Arm as a result of competition concerns. Nvidia plans to notify the EU of its intention to purchase Cambridge-based technology company Arm in the first week of September. Two sources with detailed information of the process told the Financial Times that when Nvidia officially [...]
1 Minute Market Rundown – 20th April 2022 April 20, 2022 Russia – UkraineCrypto ConsolidatesPowell to Speak Later in the Week We highlighted Yen weakness as the current theme and that continues yesterday as the JPY slid to a 2 decade low against the USD trading above 129.00. Overnight and this morning we are seeing the USD pare back its losses – not all too unsurprising [...]