Civil Aviation Authority chief steps down following a summer of travel chaos October 21, 2022 The chief of the UK Civil Aviation Authority will stand now next year after a rocky few years of pandemic transport chaos and strike action drama. Richard Moriarty has worked for the organisation for more than ten years, in senior roles including Director of Competition and Economic Regulation, Director of Consumers and Markets, Deputy Chief Executive [...]
Watchdog eyes Big Tech push into UK financial services sector October 25, 2022 The presence of Big Tech in the UK’s financial services market has caught the eyes of the regulator. The Financial Conduct Authority (FCA) is seeking views on the possible competition harms and benefits of the Big Tech push into financial services sectors and the infrastructure on which it is based. Sheldon Mills, executive director of [...]
City chiefs: We must embrace risk to stay competitive January 22, 2024 Leading City figures have reignited calls to policymakers to embrace risk or watch the UK's financial system lose out to rival markets around the world.
Audit reform – Two minds are better than one June 2, 2021 The UK might not have won Eurovision 2021, indeed it suffered the humiliation of scoring nil points, but it has certainly led the current race on audit and wider corporate governance reform. The Department of Business, Energy and Industrial Strategy (BEIS) issued its consultation ‘Restoring trust in audit and corporate governance’ in March with a [...]
CMA investigating airlines over lack of refunds for cancelled flights December 16, 2020 The UK’s competition watchdog has announced that it will investigate the country’s airlines over their failure to offer refunds to customers who could not fly due to the pandemic. As a result of travel restrictions due to coronavirus, thousands of passengers have had their flights cancelled over the course of the year. Consumer groups have [...]
‘Bad for competition’: Stephen King pushes back against Penguin and Simon & Schuster merger August 3, 2022 Novelist Stephen King has slammed the proposed merger of Penguin Random House and Simon & Schuster, deeming it "bad for competition".
Unilever probed over ‘greenwashing’ concerns – and use of green leaves December 12, 2023 Unilever are under the microscope over 'greenwashing' accusations - with criticism over their use of 'green leaves'
‘Existential crisis’: London Stock Exchange exodus tops £60bn after Darktrace deal April 26, 2024 A top investment bank has sounded the alarm and called on government to act today after a take-private deal for Darktrace took the total value of London Stock Exchange exits to north of £60bn.
World’s biggest natural soda ash producer plots rare London listing in boost to the City May 31, 2023 The world’s biggest soda ash producer has revealed plans for a rare London listing today in a boost to the London Stock Exchange after a barren period to start the year.
Hong Kong could become Asia’s crypto hub with Bitcoin and Ethereum ETFs April 16, 2024 After the weekend's volatility due to the increasing conflict in the Middle East, crypto saw some positive news coming from Hong Kong yesterday. Bitcoin and Ethereum spot exchange traded fund (ETF) applicants in Hong Kong posted on social media that authorities had approved their applications. The region will be the first in Asia to offer spot ETFs. Is this the beginning of Hong Kong’s crypto dominance?