Shell looking at “all options” on “undervalued” London listing April 8, 2024 Wael Sawan, the head of the largest company on the FTSE 100, described London as an "undervalued location".
London Stock Exchange boss says IPOs on the way as Shein and Raspberry Pi ready floats May 13, 2024 City grandees have cheered on a rebound for the beleaguered London Stock Exchange as fast fashion giant Shein and computer firm Raspberry Pi eye up blockbuster listings in the capital.
EU rules damaged liquidity in London’s main market November 2, 2023 EU financial market reforms inadvertently affected liquidity and reduced research activity in London’s main stock market, according to new research from the University of Bath on Wednesday. The EU’s markets in financial instruments directive II, known as Mifid II, aimed to improve transparency around research costs. The costs were previously parcelled into brokers’ overall fees [...]
Competition watchdog refers O2-Virgin merger for in-depth investigation December 11, 2020 The UK competition regulator has referred the £31bn O2-Virgin merger for in-depth investigation. Liberty Global and Telefonica, the respective owners of Virgin Media and O2, struck a deal to merge their UK operations back in May. Last month the Competition and Markets Authority (CMA) launched its phase one investigation into the mega-merger, arguing the potential [...]
Seven things banks will be looking out for in 2024 December 31, 2023 A challenging year is in the offing for lenders – from regulatory reform to fraud crackdowns
Homeowners could still sue for damages amid leasehold ground rent reforms June 24, 2021 Even though Persimmon Homes and Aviva have agreed to change the way they operate in regard to leaseholds and ground rent charges, homeowners could still be entitled to compensation, according to legal experts. Following a recent investigation by the Competition and Markets Authority (CMA), house builder Persimmon will allow its leaseholders to buy the freehold [...]
To make Britain competitive globally, we must strip away regulatory red tape April 13, 2021 Last month, the UK’s Competition and Markets Authority (CMA) made a ruling which blocked the merger of the two British crowdfunding sites Seedrs and Crowdcube. This was wrong for a slew of reasons, not the least because Seedrs and Crowdcube are both tiny companies that should be below the regulatory radar. Both companies are currently [...]
Rangers, Hummel and JD Sports probed by competition watchdog over replica kit pricing December 16, 2020 Scottish football club Rangers are being probed by the UK competition watchdog over the pricing of their replica kits. The Competition and Markets Authority is also investigating Rangers’ former kit maker Hummel and retailers JD Sports and Greaves Sports. The CMA said it’s probe centred on “suspected anti-competitive behaviour in relation to the price at [...]
Build, Baby, Build: The private sector alone won’t fix the housing crisis June 18, 2024 The private sector has never delivered the 300,000 homes a year the government says we need; local authorities must be part of the solution, say Gideon Salutin and Niamh O Regan All the major parties are promising more homes at this election. Labour has promised 300,000 a year for England, while the Conservatives have pledged [...]
Red tape for small banks to be reduced as regulator looks to boost sector’s competitiveness February 27, 2023 The banking regulator has announced plans to reduce restrictions on small banks, saying it would take its new competitiveness mandate seriously. Announcing the regulations, Vicky Saporta, executive director at the Bank of England, said: “the importance of competition means that we need to act when rules that are proportionate for large firms are not proportionate [...]