Ladbrokes owner Entain faces another probe into anti-money laundering September 12, 2022 AFTER being fined a record £17m last month, Ladbrokes owner Entain is now facing an investigation from down under over potential anti-money laundering breaches. The investigation was announced this morning by the AUSTRAC – the Australian Transaction Reports and Analysis Centre – as part of an “extensive supervisory campaign covering the whole corporate bookmaking sector”. [...]
EU urges Britain to cut Brexit checks at border to ‘a couple of lorries a day’ September 12, 2022 Checks on goods travelling across the Irish Sea should be cut to a “couple of lorries a day”, the EU’s chief negotiator on Brexit said today. Maros Sefcovic said the union stands ready to work in a “open and constructive way” with Britain following a statement from the new Prime Minister on the prospect of [...]
Europe must avoid ‘sticking plaster’ solutions to meet energy needs September 12, 2022 Europe has to ramp up its own energy production, rather than become reliant on other overseas suppliers, argues a Westminster think-tank.
Supported housing firm Independent Living to raise £150m in London IPO September 12, 2022 Real estate investment trust Independent Living is set to float on the London Stock Exchange, in a bid to raise £150m. The company, which seeks to address the shortage of high-quality supported housing, is currently undergoing an acquisitions spree to build up its initial portfolio of so-called “target assets”, the company announced today. Potential acquisition [...]
Serco chief Rupert Soames to retire: ‘It is now time for me to outsource myself’ September 12, 2022 Chief of British outsourcing giant Serco Group Rupert Soames said he would “outsource myself” as he announces his retirement. Soames, 63, will step down from the role and board by the end of this year and will be succeeded by Mark Irwin, the chief of the firm’s UK & Europe division. “It has been the [...]
UK trade exports in and outside of EU grow by £2.1bn post-Brexit September 12, 2022 The UK’s trade exports in and outside of the European Union (EU) rose in July, according to official figures, as the country’s GDP inched higher. Exports to the EU rose 7.9 per cent in July – the equivalent of £1.3bn, the Office for National Statistics (ONS) revealed this morning, While exports to non-EU countries increase [...]
Third Point slumps as growth firms drag investment titan down September 12, 2022 London-listed investment vehicle Third Point Investors suffered a 22.6 per cent plunge in the value of its assets in the first half of the year as it weathered “one of the most challenging” periods it has faced. In a trading update today, the firm run by notorious activist investor Daniel Loeb said turbulence had caused [...]
Keep momentum behind capital markets reform, Kalifa tells PM September 12, 2022 Ministers must keep the “continuity” and “momentum” behind capital markets reform in order to cement the UK’s standing as a global financial powerhouse, the author of a major government-commissioned review of fintech has warned.
What can Sunak-friendly fintech expect under Truss? September 12, 2022 Some fintech bosses are reconsidering what a Truss leadership may mean for the sector.
UK fintech investment tumbles as inflation rocks markets September 12, 2022 UK fintech investment plunged in the first half of 2022 as war in Ukraine and soaring inflation brought last year’s funding frenzy to a sharp close, new figures have revealed today.