Bitcoin: JPMorgan Chase boss Jamie Dimon faces market abuse report after his comments about bitcoin | City A.M. September 21, 2017 Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for “spreading false and misleading information” about bitcoin. The firm filed the report with the Swedish Financial Supervisory Authority against JP Morgan Chase and Dimon, the company’s chief executive. Blockswater said Dimon violated Article 12 of the European Union’s Market Abuse [...]
UK house prices: Property transactions fell again last month September 21, 2017 The number of homes bought and sold in the UK fell again between July and August, providing further evidence the property market is beginning to stagnate. On a seasonally adjusted basis, property transactions fell 0.5 per cent between July and August to 103,490, figures by HM Revenues and Customs (HMRC) showed. Although the figure is [...]
Co-op Group increases membership but profits dip in first half September 21, 2017 The Co-op Group today announced it added more half a million members in the first half of the year – but revenue and profit dipped. The figures Revenue in the 26 weeks to 1 July came in at £4.64bn, down from £4.7bn in the same portion of last year. Operating profit dropped to £51m from [...]
Compass boss Richard Cousins quits after 11 years at the top September 21, 2017 The world’s biggest catering group, Compass, announced this morning that its chief executive Richard Cousins will retire next year. Cousins will step down from his current role in March 2018, and leave the group in September. Chairman Paul Walsh said: “In the past 11 years Richard has transformed Compass into an industry leading organisation that [...]
Made.com is crowdfunding its next must-have furniture designs September 21, 2017 Made.com, the innovative online furniture retailer, is turning to crowdfunding to unearth its latest must-have designs. The internet startup, co-founded by serial entrepreneur Brent Hoberman and backed by millions in venture capital cash, is tapping the hive mind and boom in popularity around creative projects on platforms such as Kickstarter and Indiegogo. Read more: Podcast: [...]
Business needs to get serious about a Labour government September 21, 2017 First there was Brexit, then Trump, then Theresa May’s shock General Election result. Suffice to say, recent events have left pollsters and politicos alike reeling. Before May’s poor performance at the start of the summer, commentators and consultants had loudly agreed that a Labour government was an impossible outcome. Read more: Corbyn’s cunning EU plan [...]
The EU is prepared to bend the rules on Russia – when it’s in Germany’s interests September 21, 2017 The EU is in a fix. It perceives danger on its Eastern frontier from Russia, yet its energy and climate policies make it ultra-dependent upon it for energy supplies. There is no doubt that Germany is the driving force behind the EU. It is the bloc’s industrial powerhouse and exporter, and also provides much of [...]
Should they stay or should they go? Invest Europe advises private equity on how to prepare for Brexit September 21, 2017 The European private equity trade body Invest Europe has today released fuel for anyone in the industry considering jumping ship from the UK, in the shape of a series of materials advising the industry on how to cope with Brexit. The webinars and paper explain how to move operations to the EU, how to make [...]
Bitcoin faces another split as scaling debate rages within the community September 20, 2017 Bitcoin may be in for another bump in the road after prices levelled out this week, hovering around the $4,000 level after a recent plunge below $3,000. The famously volatile cryptocurrency has shot up from less than $600 this time last year to an all-time high of more than $5,000 earlier this month, according to [...]
Former spy chief takes up top role on cyber security at insurer Hiscox September 20, 2017 Specialist insurer Hiscox, a Lloyd’s of London underwriter, has appointed a former GCHQ director as its special advisor on cyber security. Robert Hannigan was credited with developing the UK’s first cyber security strategy, and with setting up the National Cyber Security Centre as part of the intelligence and security agency GCHQ in 2016. He also [...]