Just Eat shares fall as CMA probes Takeaway.com merger January 24, 2020 Shares in Just Eat fell three per cent this morning after the UK’s competition regulator launched a last-minute investigation into the proposed merger between delivery giants Just Eat and Takeaway.com. Takeaway.com said that it would revise its timetable by one week, meaning that unless the Competition and Markets Authority (CMA) barred the move, shares in [...]
Soros hedge fund bets £16m against Daily Mail owner shares December 12, 2019 The hedge fund of billionaire investor George Soros has taken out a £16m short position against media group Daily Mail and General Trust (DMGT), which owns the Daily Mail. The London arm of Soros Fund Management, SFM UK Management, made a bet worth 0.9 per cent of DMGT’s shares, showed filings published by the Financial [...]
Households backed with government grants to support ramp up of heat pumps May 23, 2022 Energy users can now apply for government grants to swap their gas boilers for heat pumps, after it opened its boiler upgrade scheme today.
Watchdog steps up probe into tech giants over digital ad dominance December 15, 2019 The competition watchdog is set to publish its initial findings into the dominance of tech giants in the digital ad market this week, paving the way for a possible in-depth investigation. In July the Competition and Markets Authority (CMA) launched a market study into Google and Facebook, amid concerns the so-called duopoly could be stifling [...]
City watchdog slashes fundraising threshold to attract SPACs July 27, 2021 Britain’s City watchdog has slashed the minimum amount a SPAC needs to raise to list on UK markets in half, it announced today. The Financial Conduct Authority said on Tuesday SPACs – or special purpose acquisition companies – would need to raise £100m from a float, instead of the £200m initially proposed. Read more:UK listings [...]
Government taskforce calls for easing of UK finance regulations to ‘unlock’ £100bn in investment June 15, 2021 A government taskforce has urged Boris Johnson to shed a range of UK regulations on finance post-Brexit to “unlock” more than £100bn of investment in small businesses and high-growth tech firms. The Taskforce for Innovation, Growth and Regulatory Reform (TIGGR), led by former Tory leader Sir Iain Duncan Smith, called for changes to allow pension funds to easier invest in high-risk, [...]
Stonegate takeover of pub chain Ei Group ‘may raise prices’ at local boozers December 6, 2019 A £1.3bn merger between Slug and Lettuce owner Stonegate and pub chain Ei Group may lead to higher prices in some local areas, the competition watchdog has warned. The Competition and Markets Authority (CMA) today said that the deal, which would create the country’s largest pub group, did not raise competition concerns on a UK-wide [...]
Football could be set for new financial watchdog after Crouch review November 24, 2021 ENGLISH football is set for a new financial regulator after a Government-commissioned review into governance of the beautiful game slammed current safeguards as insufficient. The review, written by Tory MP and former sports minister Tracey Crouch, recommends the creation of a new independent watchdog which would oversee financial regulation across football. Last night sources close [...]
Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
Why the going is about to get tougher for investing in climate change April 23, 2021 2020 was an extraordinary year for climate change action. Public opinion, governments, businesses and financial markets all had major shifts in their appreciation of the urgent need to address the climate crisis. More investment, research and development, and international collaboration will now come together to enable a faster transition to a net zero economy. While [...]