UK finally moves to regulate crypto, and it’s a great step in the right direction October 27, 2022 Thomas Tudehope, Global Head of Policy at Luno, welcomes the approval of the Financial Services and Markets Bill.
Government empowers compliance unit with teeth to curb big tech dominance May 5, 2022 New 'fair-play' rules and ten per cent turnover fines will be among the strong tools available to a new technology unit.
Fervour for flats thanks to return to city working and ‘relatively modest’ price rises January 27, 2022 Demand for flats in London has hit its highest level for 19 months, as buyers looked to move closer to city offices. Estate agents have said an influx of overseas buyers from Hong Kong thanks to new visa rules has driven interest. The trend was revealed in Zoopla’s House Price Index, which found the average [...]
Poke House looks for stock market boost as it eyes London listing January 31, 2022 Holly Williams, PA Restaurant chain Poke House has revealed plans for a stock market flotation in London and New York after sealing the latest deal to expand its global footprint. The Californian-inspired poke bowl chain, which last year bought Ahi Poke in London to launch its assault on the UK market, is eyeing an initial [...]
The Notebook: Metro Bank’s cost-cutting drive spells trouble for challengers March 19, 2024 Victoria Scholar takes the Notebook pen to talk Metro Bank's troubles, relief in China and swoops for Selfridges.
London Metal Exchange faces second lawsuit this week after Jane Street sues over nickel trading fiasco June 7, 2022 New York trading firm Jane Street Capital has followed its Wall Street rival Elliot Management in filing a lawsuit against the London Metal Exchange (LME), over its decision to halt trading of nickel and cancel trades in March. The high-frequency trading firm is suing the LME for $15.3m (£12.2m), after the Hong Kong Exchanges and [...]
Is Truss helping or hindering her own pro-growth policies? October 20, 2022 One of the greater mysteries of the universe is why David Cameron is yet to delete a tweet from the run-up to the 2015 election: “Britain faces a simple and inescapable choice – stability and strong Government with me, or chaos with Ed Miliband.” The voters chose the former, but it is fair to say [...]
Purplebricks fined £260,000 for breach of money-laundering rules August 18, 2020 Online estate agency Purplebricks has been fined more than £260,000 by HM Revenue & Customs for violating money-laundering rules. Under UK regulations implemented in 2017, estate agencies are required to ensure customers are not using their business to launder money. The legislation says estate agencies are responsible for carrying out financial checks on their clients [...]
No more new homes: housebuilding market will not recover before 2026 October 18, 2021 The UK housebuilding market will not recover until 2026, said property agent firm Savills. As reported by the Times, Savills has estimated that the volume of houses being built will not go back to pre-pandemic levels before five years and, even then, will still be 20 per cent less than the UK Government’s targets of [...]
Energy Bill: Government commits to renewable ramp up but lacks plan for cost-of-living crisis May 10, 2022 Industry commentators have responded to the inclusion of the Energy Security Bill in the Queen's Speech, and the lack of support for households.