Citigroup Global Markets hit with £12.6m fine by FCA August 19, 2022 Citigroup Global Markets has been hit with a £12.6m fine by the UK’s financial watchdog for failing to monitor trading activities for potential cases of market abuse. The Market Abuse Regulation, introduced in 2016, means businesses must fulfil surveillance requirements on trades and orders to catch types of insider trading and market manipulation. Following an [...]
Ministers demand extra defence spending in the face of rising global threats March 9, 2024 Rishi Sunak is under pressure to boost defencing spending after two serving ministers publicly called for a “much greater pace” of investment. The call from Foreign Office minister Anne-Marie Trevelyan and security minister Tom Tugendhat came after the Budget was criticised for failing to boost defence spending. The two senior Tories said the UK needs [...]
Rugby World Cup: Uruguay can be darlings of tournament September 14, 2023 Modern enthusiasts always speak of Japan’s victory over South Africa as the biggest upset in the history of the Rugby World Cup. But at the last tournament, in the Land of the Rising Sun, Uruguay were the ones to spring a surprise. Nearly four years ago to the day Uruguay claimed a famous 30-27 victory [...]
As Wework’s troubles continue, the company’s competitors are taking advantage March 5, 2024 Troubled Wework is continuing to scale back its offices in London following the filing of bankruptcy in its home market of the US.
F1: Verstappen unstoppable, Sainz winning fans and is Norris best of Brits? March 3, 2024 As 20 cars lined up on the grid ahead of Saturday’s F1 season opener there was a heightened sense of hope that the dominance seen by Max Verstappen and Red Bull last year would come to an end… of sorts. But when the Dutchman crossed the line after 57 laps around the Bahrain International Circuit [...]
Elliott sheds SoftBank stake as investor grapples with tech rout August 16, 2022 Hedge fund Elliott Management has reportedly offloaded almost its entire stake in SoftBank this year as the Japanese investment giant grapples with a market downturn this year.
Loeb unveils fresh Disney stake and pushes for ESPN spin-off August 15, 2022 Daniel Loeb’s activist hedge fund Third Point revealed a new position in Disney today and began agitating for a raft of changes, including spinning off cable sports channel ESPN and announcing new share buybacks. The stake marks a reversal by billionaire Loeb who liquidated a previous position in Disney during the first quarter. “Our confidence [...]
Octopus Energy chief Greg Jackson: The world isn’t ready for China’s clean energy tidal wave February 28, 2024 Greg Jackson said the UK could be "subsumed" by China's clean energy drive unless policymakers move quicker
Net migration hits 672,000 as Rishi Sunak set for showdown on Rwanda policy November 23, 2023 New migration figures have been revealed, as the government continues to face political pressure to reduce numbers.
Women’s Tour of Britain at risk of cancellation over sponsor issue March 9, 2023 This year’s Women’s Tour is at risk of cancellation if fresh sponsorship cannot be found. Britain’s longest-running major international stage race, which counts Lizzie Deignan, Marianne Vos and Elisa Longo Borghini as former winners, is in peril after the loss of key partners has left a £500,000 shortfall in funding. Organisers Sweetspot announced the route [...]