NatWest shock profits lift London’s FTSE 100 July 29, 2022 London markets were boosted by investors piling into NatWest after it announced it will hand back £2.1bn to investors. The capital’s premier FTSE 100 index climbed 0.39 per cent to 7,374.25 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.32 per cent to [...]
CMC Markets shares plunge after cost warning July 28, 2022 Shares in CMC Markets plunged over 20 per cent this morning after the online trading platform issued a warning that soaring costs would eat into profits in the six months ahead.
Crypto prices surge after Fed hikes interest rates July 28, 2022 Cryptocurrencies prices climbed after the US Federal Reserve raised interest rates by 75 basis points for the consecutive second month to tackle high inflation. Bitcoin jumped 7.5 per cent to trade at $22,965.5 today while Ether soared 11.14 per cent to trade at $1,624.9 after being pummelled by the crypto crash and investor uncertainty. The [...]
FCA reveals major consumer regulation shake-up but delays deadlines after industry protest July 27, 2022 The UK’s top financial watchdog has revealed its plans to tighten protections for consumers today in the biggest package of regulatory reforms to hit the City in a decade.
Alibaba eyes Hong Kong primary listing as US audit row continues July 26, 2022 Alibaba is seeking a primary listing in Hong Kong as the e-commerce giant attempts to lure in more mainland Chinese investors.
London Stock Exchange ready to ‘fight’ for Arm listing, says boss July 21, 2022 The boss of the London Stock Exchange said the bourse was willing to “fight” to win the listing of British chipmaker Arm today after reports its Japanese owner Softbank has downed tools on a London listing.
Funding platforms hail Austin Review potential ‘watershed moment’ for retail investors July 20, 2022 Investment platforms have hailed the Austin Review a potential “watershed” moment for retail investors today as ministers and regulators look set to widen access to the UK’s capital markets.
FCA poised to take more ‘proactive’ approach despite capacity strains July 19, 2022 The UK’s top financial watchdog said it was preparing to take a more “proactive” approach to identifying new financial threats today as it races to recruit staff this year to meet its growing remit.
Ministers urged to overhaul regulatory red tape to boost London’s markets July 19, 2022 Ministers are being urged to push through a number of reforms to the UK’s capital markets to allow listed firms to raise fast and cheap cash in London, after a major review of the secondary market regime was published today.
Exclusive: Pensions minister launches taskforce to scrutinise ‘social’ ESG investment July 16, 2022 Ministers have launched a new taskforce to scrutinise environmental, social and governance (ESG) investing by pension schemes today, amid concerns that the 'social’ factor of investment has been neglected by fund managers in recent years.