Bitcoin price (BTCUSD) breaks key $10,000 mark on some exchanges November 28, 2017 Bitcoin prices briefly climbed above $10,000 on some exchanges for the first time ever late last night. While some South Korea-based exchanges briefly rose to record highs, most of the world’s bitcoin exchanges have yet to break the psychologically important $10,000 mark. According to Coindesk’s aggregate index, the cryptocurrency rose as high as $9,929 today, [...]
High net worth individuals are happy about their wealth now, but worried what will happen in retirement, new research shows November 28, 2017 Wealthy individuals may be happy with their money now, but are worried what will happen when they retire, according to new research. A huge 93 per cent of high net worth individuals (HNWIs), and 82 per cent of High Earners Not Retired Yet (Henrys) and High Earning Millennials (earning between £40,000 and £99,000), feel confident [...]
UK Labour leader Jeremy Corbyn says it’s “no wonder” bankers are running scared from the UK November 28, 2017 Jeremy Corbyn has said it is “no wonder” that bankers are running scared from the UK. The comments from the Labour leader came after a report from Morgan Stanley that warned a government led by Corbyn would be worse than a so-called “hard” Brexit. Read more: John McDonnell slammed for refusing to cost Labour’s nationalisation [...]
Unilever commits to keeping London listing but delays decision on moving headquarters November 28, 2017 Consumer goods giant Unilever today announced it will maintain its stock market listing in London but has delayed any announcement on the potential relocation of its headquarters until the political situation calms down. Unilever will simplify its complex corporate structure, unifying shares into a single class as it tries to make itself more agile when [...]
Brussels promises “soft touch” blockchain regulation November 28, 2017 Brussels is taking a “soft touch” approach to regulating blockchain as it explores the technology’s applications across government services. The European Commission is approaching blockchain with “acceptance and support but a healthy degree of caution” said Romanian member of the European Parliament Sorin Moisa speaking at an event in London in Tuesday. He also said [...]
Oxford University turns to the debt market as it aims to raise £250m with a 100-year bond November 28, 2017 England’s oldest higher education institution, Oxford University, is set to sell 100-year debt in an effort to raise funds. The bond, which is expected to raise at least £250m, would be the first from Oxford University as a whole. Its colleges have previously tapped the debt market – University College raised £40m in bonds in [...]
Crossrail latest: Here’s a look at how the new Paddington Elizabeth Line station is shaping up November 28, 2017 Work on the £14.8bn Crossrail project is drawing nearer to completion, while the 10 stations being built in central London for the Elizabeth Line are nearly finished. And today, Crossrail has unveiled new pictures of how the Paddington Elizabeth Line station is shaping up, which features the installation of one of the capital’s largest ever [...]
Bitcoin bubble will burst but blockchain technology will be useful, says private equity investing giant Harbourvest November 28, 2017 The bitcoin cryptocurrency is a bubble which will burst, but the underlying blockchain technology will have some useful applications, according to a director at Harbourvest Private Equity (HVPE). Speaking on investment megatrends this morning, Richard Hickman – director of investment and operations at the £995m London-listed HVPE trust – said he believed bitcoin was one [...]
“There will be pain”: Bank of England’s Mark Carney warns against no deal Brexit November 28, 2017 Bank of England governor Mark Carney today warned of “pain” for the British economy in the case of a hard Brexit, with no transition or longer-term trade deal secured between the UK and the EU on trade. Speaking at the Bank’s stress tests of the financial system, Carney said UK banks would be able to [...]
Facebook and Twitter will cooperate with UK inquiry into Russian Brexit meddling November 28, 2017 Tech giants Facebook and Twitter have said they will cooperate with a government inquiry into the extent of Russian meddling in the Brexit vote. The pair have responded to demands from the head of the digital, culture, media and sports (DCMS) committee Damian Collins to provide information about Russian-linked adverts on their sites during the [...]