MPs call for lower taxes as UK marks latest annual Tax Freedom Day since the early-1980s June 7, 2022 MPs have called on the UK government to cut the burden on UK taxpayers after new figures showed working people spent a higher proportion of their incomes on taxes than at any other point since the early-1980s. The calls come after the Adam Smith Institute (ASI) published new figures, for Tax Freedom Day, showing UK [...]
Trust in an online watch auction platform June 7, 2022 | Sponsored The pre-owned watch market is hot now, but the process is old fashioned, as traditional auction houses can be slow at securing a deal. Although watch dealers can be quicker, they want a healthier margin, and listing with an unsophisticated online marketplace is risky and time-consuming. Watch Collecting aims to change that, offering a ‘free [...]
Invest in a precious collectable car or bike June 7, 2022 | Sponsored How about driving a 1961 Mercedes-Benz — or the vintage car of your dreams — around town? Collecting Cars has plenty of quality cars to choose from. A global online marketplace that specialises in collectable cars and bikes, it has bidders in more than 100 countries and more than 100,000 registered users. Since its launch [...]
Use a regulatory technology software platform June 7, 2022 | Sponsored A cloud-first strategy for many organisations means that software as a service is becoming as important as in-office tools. AIM Digital Solutions has developed dataBelt (part of its dataEstate software suite), a regulatory technology software platform that blends key developments in the IT industry, with data discovery and management at its core. Developments include robotic [...]
Identify your governance, risk and compliance gaps June 7, 2022 | Sponsored Financial services firms must prepare themselves for the regulatory challenges ahead. Anticipating potential risk is vital, be it the Ukraine conflict, runaway inflation or the faltering post-pandemic economic recovery. Governance, risk and compliance professionals are required to manage these external pressures in the context of a hyper-competitive job market, an expanding regulatory and environmental, social [...]
M&A quarterly transactions down as investors nervy amid war in Ukraine June 7, 2022 The number of merger and acquisition transactions in the UK has plunged in the first quarter of the year, versus the end of last year. According to fresh figures published by the Office for National Statistics, there were some 370 completed M&A deals in the first quarter of the year. This was a significant drop [...]
Wealth Managers and the Future of Trust: Insights from CFA Institute’s 2022 Investor Trust Study June 7, 2022 | City Talk Corporate responsibility is more important than ever. Today, many investors expect more than just profit from their financial decisions; they want easy access to financial products and to be able to express personal values through their investments. Crucial to meeting these new investor expectations is trust in the financial services providers that enable investors to [...]
Exclusive: Co-working firm Second Home launches sale process amid battle for rescue cash June 6, 2022 Shared office firm Second Home has started scouting for a buyer in parallel with efforts to secure rescue cash, CityA.M. understands. The workspace provider has launched a sale process after administrators from FRP Advisory were called in to help fend off insolvency. Headed by a former aide to ex-Prime Minister David Cameron, Rohan Silva, Second [...]
London Metal Exchange sued by US fund manager over nickel freeze June 6, 2022 The London Metal Exchange (LME) is being sued for a sum worth £365m by a Wall Street hedge fund after the cancellation of nickel trading earlier this year. Fund manager Elliott Associates has filed a claim in the English High Court against the platform and its subsidiary LME Clear. The trading platform suspended nickel trading [...]
Exclusive: ‘Significant barriers’ for female progression in fintech, report warns June 6, 2022 A top fintech body has warned today that “significant barriers still exist” to female progression in the sector despite an improvement in gender representation in recent years.