City watchdog chair warns creation and trading of cryptocurrency to come under regulatory scope – CityAM : CityAM September 6, 2021 The chair of the City watchdog has fired a warning shot to the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny. Charles Randell, chair of the Financial Conduct Authority, has raised the prospect of the financial watchdog bringing the creation and trading of cryptocurrency tokens under its scope. Speaking at the Cambridge [...]
Soaring industrials boost FTSE 100 as investors eye construction PMI – CityAM : CityAM September 6, 2021 A rally among industrial stocks lifted London’s FTSE 100 this morning, helping the blue-chip index to partly cancel out last week’s sharp losses. The capital’s premier index climbed 0.25 per cent to 7,1256.48 during opening exchanges. More to follow.
Goldman to list Petershill Partners on the London Stock Exchange : CityAM September 6, 2021 Petershill Partners has announced plans for an Initial Public Offering on the London Stock Exchange for $750m (£541m). Petershill, an investment group which specialises in buying stakes in alternative asset managers, will be a standalone company operated by the Goldman Sachs Asset Management team. The company plans to list a fund giving investors exposure to [...]
HgCapital reports strong interim results with net assets up £349m – CityAM : CityAM September 6, 2021 HgCapital Trust has reported robust results for the first half of 2021, with the fund’s total net assets growing to £1.64bn. The fund, which gives investors exposure to private equity firm HgCapital’s portfolio, grew by £349m over the six months ending on June 30. Investors were treated to an interim dividend payment of 2.0p per [...]
Bitcoin ‘super cycle’ stalls, but hash rate is full of promise September 5, 2021 Bitcoin's supposed 'super cycle' failed to engage over the weekend as the flagship cryptocurrency ran out of steam to get above $50,000 with any great conviction.
Alex Yee interview: Triathlon sensation on being inspired by London 2012 and preparing to race in his home city as Olympic champion for the first time September 4, 2021 Alex Yee burned brightly at the Tokyo 2020 Olympics this summer but the flame was lit nine years earlier back home in London. The Lewisham triathlete, who won silver in the men’s race and then anchored Team GB to gold in the mixed relay in July, attended the London 2012 Games as a wide-eyed 14-year-old. [...]
NFTs – what am I buying? September 3, 2021 Unlocking the confusion surrounding the exploding and mystifying world of NFTs.
Breaking: Covid vaccines for teens rejected by government advisers – CityAM : CityAM September 3, 2021 Government advisers have reportedly shot down plans to roll out an immunisation programme for 12 to 15 year olds. Although the Joint Committee on Vaccination and Immunisation (JCVI) has referred 200,000 children with underlying health conditions to get jabbed, experts decided that there was no overwhelming benefit of the vaccine for children, the Independent first [...]
Naked protest: Extinction Rebellion strip off in HSBC and Barclays : CityAM September 3, 2021 Extinction Rebellion protestors stripped off their clothing at HSBC and Barclays bank branches as part of demonstrations targeting the City of London. The nude activists painted slogans on their bodies including “divest now,” “act now,” and “the naked truth” in an effort to call out big banks funding climate change. The demonstration follows a protest [...]
Get your Crypto AM Awards entries in now – only two weeks left! September 3, 2021 Bitcoin will lay down its marker in history next week when the flagship cryptocurrency becomes legal tender in El Salvador.