CMA set to approve Viagogo’s £3.2bn takeover of StubHub March 22, 2021 The mega-deal between ticket reselling giants Viagogo and StubHub is heading for approval, after the companies reached a preliminary deal with the Competition and Markets Authority. The watchdog said earlier today it “proposes to accept” a series of promises from the companies, which would include selling off StubHub’s international arm. Viagogo’s £3.2bn deal to take [...]
UK banks take first steps towards boosting bonuses after watchdogs scrapped cap February 26, 2024 UK banks are cautiously paving the way to awarding bigger bonuses after the financial watchdogs scrapped the cap on variable pay last year.
FCA warns insurers to stop undervaluing cars when settling claims March 27, 2024 The Financial Conduct Authority (FCA) has issued a fresh warning that some insurance firms may be undervaluing written-off or stolen vehicles when settling claims.
Bunq mulls London IPO as European neobank plots Monzo and Revolut UK challenge January 30, 2024 European fintech and neobank Bunq has applied for a UK electronic money institution (EMI) licence as it looks to capture market share from the likes of Revolut and Monzo ahead of a potential IPO.
Rupert Murdoch and Daily Mail owner mull joint bid for Telegraph group March 12, 2024 A consortium of News Corp, Daily Mail General Trust and Redbird IMI may alleviate mounting concerns over the Telegraph takeover.
Arm aims for £55bn IPO valuation as potential anchor investors line up August 2, 2023 British chip innovator Arm has set its sights on a valuation target of $60bn (£47bn) to $70bn (£55bn) when it goes public, which could be as soon as this September. Arm is gearing up to float on New York’s Nasdaq in the first week of September with pricing for the IPO to arrive in the [...]
UK must prioritise financial inclusion over the City’s competitiveness, says former FCA chair July 11, 2023 The UK “can’t go on” prioritising the competitiveness of the City over the financial access of millions of vulnerable people during a cost of living crunch, the former chair of the Financial Conduct Authority has warned.
Planned rule changes for SME lending a ‘dramatic backward step’, challenger banks warn September 11, 2023 Richard Davies, chief executive of SME-focused challenger bank Allica, told City A.M. that the changes would be a "dramatic backward step".
Banks raised savings rates to avoid ‘robust action’ from watchdog September 1, 2023 High street banks have been raising the rates on savings accounts after the City watchdog threatened to take action against firms.
New tech regulation mustn’t be allowed to stifle innovation June 3, 2021 There is scarcely any market that could not be described as digital in 2021. In ten years time, the phrase ‘digital market’ will be, effectively, redundant. We should be concerned, then, by the creation of a powerful new regulator with a remit to cover all ‘digital markets’. Read more: UK says any global tax deal [...]