Cashing in on crypto: The world’s 10 most bitcoin-friendly cities March 16, 2018 Some cities around the world have been quicker than others at tapping into the crypto fascination, according to new research by CryptoGo. The cryptocurrency brokerage has conducted research using services such as Yelp and Coinmap to identify the number of firms that accept bitcoin, the number of bitcoin ATMs, and the number of bitcoin meetups [...]
Bank of England says Brexit talks are moving in the right direction – but “material risks remain” March 16, 2018 The Bank of England today said “progress” in mitigating the impact of Brexit on the City has been made over the last few months. However, its Financial Policy Committee (FPC) warned “material risks remain” and called for officials in Westminster and Brussels to their game. Last November the Bank of England said Brexit risks did [...]
Shares in housebuilders including Taylor Wimpey, Barratt and Persimmon drop after Berkeley warns it can’t ramp up production March 16, 2018 Shares in housebuilders dropped this morning after Berkeley said today it would not be able to ramp up production of homes, as it remained hampered by planning constraints. Taylor Wimpey, Barratt and Persimmon were among the fallers this morning, taking an early dip after Berkeley’s trading update. Shares in Berkeley meanwhile dropped more steeply and [...]
Deutsche Bank pays out €2.2bn in bonuses for 2017 after third annual loss though bosses go without March 16, 2018 Deutsche Bank’s bonus pool has bounced back, according to the bank’s annual report for 2017 published today. The German lender is paying out €2.2bn (£1.9bn) in variable compensation to staff, nearing the level posted back in 2015 – and before new chief executive John Cryan began cost-cutting. Last November, Cryan suggested that tens of thousands [...]
Deutsche Boerse suffering “serious issues” as start of trading delayed March 16, 2018 German exchanges operator Deutsche Boerse was hit with “serious issues” with equities and futures trading this morning, delaying the opening of markets. In a note to traders, Deutsche Boerse said it was “currently experiencing technical issues” on its Eurex T7 trading system. The Boerse Frankfurt tweeted that there was a delay in the opening of [...]
Aviva boss Mark Wilson is picked by Blackrock as a non-executive March 16, 2018 Blackrock, the world’s largest asset manager, today appointed Aviva chief executive Mark Wilson as a non-executive. The New Zealander will take a seat on the board of the US fund management behemoth with immediate effect. Wilson took over at Aviva in 2013 moving from insurance giant AIA, rebuilding the Asian arm of AIG in the [...]
Shares in UK trading tech firm Nex Group soar after it confirms approach from US derivatives trader CME March 16, 2018 Shares in UK electronic trading firm Nex Group took off this morning, after it confirmed last night that it had received an approach from US-based derivatives trader CME. A statement from the Nex board said that it “has received a preliminary approach by CME Group regarding a potential acquisition of Nex. Shares spiked more than [...]
Wetherspoons sales and profits up but tax troubles lie ahead March 16, 2018 JD Wetherspoon enjoyed a boost in profits last year, with operating profit up nearly 14 per cent and profit before tax up more than 20 per cent. The pub chain also saw its revenue increase by 3.6 per cent to £830.4m and its like-for-like sales increase by 6 per cent. Earnings per share were up [...]
Editor’s Notes: Jeremy Corbyn’s Russia position is the latest in a shameful line-up, the IoD strides on and City AM bucks the industry trend March 16, 2018 Jeremy Corbyn’s refusal to recognise the hand of the Russian state in the Salisbury attack puts him at odds with the British government and its intelligence services, Nato, the United Nations Security Council, France, America, Germany and a host of other allies. It also serves as a reminder that if the British label you an [...]
Use Brexit to promote free trade and prosperity across the world March 16, 2018 The aid deal between the UK and Saudi Arabia announced last Friday, to coincide with Crown Prince Mohammed bin Salman’s visit, ruffled many feathers within the government, as Downing Street sought to defend the visit, saying that trade deals worth £65bn had also been agreed. Last week, we also saw the Trump administration push forward [...]