EU referendum: One way Brexit could actually be good for UK fintech April 11, 2016 The UK's prospering fintech sector has been urged to speak up in favour of remaining in Europe ahead of June's referendum and largely backs staying. But, there could be one serious advantage to leaving the union, some experts suggest If Britain were to leave, there would be a greater opportunity for innovative technology startups to disrupt the world of [...]
Britain’s financial regulator is the first to launch a fintech accelerator April 11, 2016 The FCA is getting experimental with fintech. The financial regulator is launching an experimental scheme which will allow new financial technology companies to test out innovations which are as yet unregulated to foster innovation in the market. The so-called sandbox project is the first of its kind to be directly led by a financial regulator [...]
The lawsuit is on: trouble in Mayfair as PRs launch legal attack on business club 12 Hay Hill April 11, 2016 NULL
Central and eastern Europe should adopt the euro to boost their credit ratings April 11, 2016 Adopting the euro would be good news for central and eastern Europe, according to credit ratings agency Fitch, which has said that joining the Eurozone could help lower government debt costs and help attract external financing. Croatia, Bulgaria, Hungary and Romania could all see their credit scores move up a notch or two if they [...]
Deutsche Bank and Moody’s predict rising corporate defaults April 11, 2016 Corporate defaults could be about to rise, according to two leading financial institutions, Deutsche Bank (DB), and ratings agency Moody's, who have both warned this morning that the business cycle could be about to take a turn for the worse. Analysts from Europe and the United States at the DB today launched their closely-watched annual default [...]
Digital mortgage broker aims to bring market into “21st century” and save consumers £29bn after securing £1.55m in seed funding April 11, 2016 A digital mortgage broker aiming to save consumers up to £29bn a year launched today after securing £1.55m in seed funding. Habito said it was “taking aim at the £95bn mortgage broking market, one of the only pillars of the consumer finance sector yet to benefit from technological disruption”. The startup uses technology to analyse every [...]
Tata sells its Scunthorpe steel plant to Greybull Capital April 11, 2016 Tata has sold its Scunthorpe steel plant to turnaround specialist Greybull Capital, in a deal which will see its steelworks business renamed as British Steel. The move will save around a third of the 15,000 British steel jobs which have been threatened by Tata's decision to sell its UK assets. Greybull will also take on two mills in Teesside, an [...]
London Stock Exchange-Deutsche Boerse merger under pressure from Germany, where politicians are worried about Brexit and company being based in UK April 11, 2016 The proposed merger of Deutsche Boerse and the London Stock Exchange is facing increasing political scrutiny – with German politicians now voicing their concerns. Members of the country's ruling Christian Democrats have questioned the wisdom and fairness of the merged organisation being based in the UK – especially if the nation votes for a so-called Brexit. [...]
Weak Chinese inflation points to more government stimulus April 11, 2016 At the start of a data-heavy week for the Chinese economy, the latest inflation figures, released this morning, provided few clues about the health of the world’s second largest economy. Prices for Chinese households grew by 2.3 per cent on the consumer prices index (CPI) measure of inflation over the 12 months to March, “a [...]
Now you can split London black cab fares with friends (just like Uber) April 11, 2016 One of the features beloved by Uber users is being able to share a fare with a mate at the tap of a phone, but now, you'll be able to do the same with a black cab. Anyone getting one of the 15,000 London black cabs via on-demand app Gett, can now split the cost between [...]