The FCA’s issued a fresh warning on bitcoin, cryptocurrency and binary option scams as fraudsters move online January 28, 2018 The UK's financial regulator is issuing a fresh warning to consumers over bitcoin and other cryptocurrencies that are luring people into scams online. The Financial Conduct Authority (FCA) has said investors are now being targeted by fraudsters on Facebook, Instagram and Twitter, more than they are over the phone, tempting people to put cash into [...]
LatteCoin? Starbucks chairman Howard Schultz denies planning a cryptocurrency launch but says there’s “potential” in blockchain January 27, 2018 There is already a whoppercoin for Russian Burger King, a KodakCoin for image rights, and even a cryptocurrency based on Theresa May. But could caffeine fiends soon be using blockchain to pay for their Venti non-fat latte with caramel drizzle at Starbucks? Not just yet, according to the company’s president and former CEO Howard Schultz. [...]
Ministers Philip Hammond, Greg Clark and David Davis promise agreement with EU for Brexit transition period by end of March January 27, 2018 Three top ministers have written an open letter to businesses, promising to finalise a Brexit transition agreement by the end of March. Chancellor of the Exchequer Philip Hammond, business secretary Greg Clark and Brexit secretary David Davis co-signed the letter to business leaders yesterday evening. They wrote that both the British government and the EU [...]
House of Lords warns no deal will result in financial instability January 27, 2018 The markets could be destabilised if the UK and EU cannot reach a Brexit deal, members of the House of Lords have warned. The EU financial affairs sub-committee in the upper house said that the government needs to clarify its goals for the second phase of transitions, otherwise firms could uproot their UK businesses. Financial [...]
Markets roundup: Pound sterling rally hasn’t stopped the FTSE 100 from closing up January 26, 2018 London’s blue-chip index closed higher today despite a rally in the pound. The FTSE 100 index closed 0.6 per cent higher at 7,660.92 points. Meanwhile, the pound, which hit post-Brexit record highs week, got an extra boost against the dollar after UK GDP figures came in above expectations. The UK’s economy grew 0.5 per cent [...]
Luxury alpine chalet Tivoli Lodge offers not only skiing, but the chance to rub shoulders with the global elite of Davos January 26, 2018 Even when debating the world’s most pressing issues – starvation, pollution and political repression at the World Economic Forum in Davos – the global elite still expect the luxury to which they’re accustomed. As the world's movers and shakers descended on Davos for the annual jamboree, City A.M. grabbed the chance to sample that very [...]
Rich in history and home to some of the world’s most impressive architecture, Uzbekistan’s untapped tourist scene is a trove of hidden wonders January 26, 2018 Gold-leafed mosque interiors, silk carpets, smooth vodka, ninth century mausoleums and some of the best-looking people on earth — Uzbekistan is a hidden gem. And that’s not just a metaphor; it really is tucked away. The home of many of the world’s most impressive architectural, scientific and cultural artefacts has the rare distinction of being [...]
Sexists in the City? Fewer than there were, but we can do better January 26, 2018 The Presidents Club will not be holding any more fundraising dinners, but the consequences of the last one will be felt for some time. The undercover expose by FT reporter Madison Marriage has been the talk of the Square Mile, with details emerging of women employed as “hostesses” at the event, only to be pressured [...]
The Night Tube is coming to the Circle, District, Hammersmith & City and Metropolitan Lines – but only after 2023 January 26, 2018 Transport for London (TfL) has confirmed plans to roll out Night Tube services to the Metropolitan, Circle, District and Hammersmith & City Lines once a major upgrade programme is complete in 2023. It also revealed it has spent over £2m in an effort to crack down on additional noise and disturbance from the Night Tube [...]
Legal Q&A: I intend to extend the lease of my flat and read the price payable for an extension is 15 times the current ground rent? Is this correct? January 26, 2018 There is a popular myth that the price for a lease term extension is simply a multiple of the passing ground rent under the terms of the lease. Unfortunately, the price payable for a lease term extension is not as straightforward. Pursuant to the Leasehold Reform, Housing and Urban Land Act 1993 (the Act) [...]