Could DePIN be crypto’s ESG-friendly real world use case? April 18, 2024 So far in this cycle, there have been several narratives that have emerged. These include artificial intelligence (AI), real world assets (RWAs) and decentralised physical infrastructure (DePIN) tokens. Unlike meme tokens, these tokens and projects actually relate to solving a problem.
Failed Bain Capital takeover bid cost LV= £33m March 29, 2022 LV=’s failed bid to sell itself to US private equity firm Bain Capital cost the mutual insurer more than £33m, the firm revealed today. Full year figures from the Westbourne headquartered insurer show LV= paid out £21m in costs in 2021 in addition to the £12m it paid out in 2020 and a small amount [...]
FCA goes to court over coronavirus business interruption insurance May 1, 2020 The Financial Conduct Authority (FCA) is seeking legal clarity on the inability of some insurance customers to obtain compensation for disruption amid the coronavirus crisis. Businesses were forced to close their doors and furlough staff after the lockdown measures were introduced in March. The vast majority of businesses did not purchase business interruption insurance and [...]
Jeremy Hunt declares he is ready to ‘cut taxes and bet on growth’ April 13, 2024 Chancellor Jeremy Hunt has declared he is ready to “cut taxes and bet on growth” after the UK’s gross domestic product (GDP) grew again in February.
John Glen: How I’m going to reform EU’s Solvency II post-Brexit February 25, 2022 This government has been clear about its vision for turning the UK into the most open and dynamic financial services sector on the planet. We understand the crucial contribution the sector already makes to this country and are determined, post-Brexit, that it fulfil its huge potential. A big part of that will be about unleashing [...]
Help someone drive safe this winter with a premium dash cam November 11, 2022 Nextbase’s award-winning dash cams could be the perfect — and most responsible — gift this Christmas. The cameras serve as a guardian on the road and drivers could save up to 30% on their insurance just by having one installed. This helps support them from false liability claims, while protecting their no claims bonus. The [...]
Bank of England to give UK GDP a ‘modest’ upgrade after Autumn Statement, analyst claims November 27, 2023 In last week's fiscal event, Chancellor Jeremy Hunt unveiled a fiscal loosening worth £18bn, the majority of which came from tax cuts.
Shareholder revolt at All Bar One owner Mitchells & Butlers as one in three vote against chairman January 23, 2024 Almost one in three shareholders in All Bar One owner Mitchells & Butlers voted against the reappointment of its chairman at the group's annual general meeting.
Lloyd’s of London aims to attract billions in capital via launch of new investment vehicle August 4, 2022 Lloyd’s of London has set out plans for the launch of a new investment vehicle, with a view to drawing in billions from institutional investors. The London insurance market today announced plans to set up a second protected cell company (PCC) following the successful launch of its London Bridge Risk PCC vehicle last year. [...]
Sainsbury’s to shutter banking division in ‘food first’ strategy push January 18, 2024 Sainsbury's will undertake a "phased withdrawal" from its banking efforts, the supermarket giant confirmed this morning.