Swan Bitcoin Drops IPO and Scales Back Operations July 24, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Swan Bitcoin, one of the largest Bitcoin-only brokers, has decided to withdraw its plans to go public and discontinue its managed mining unit. This move also includes significant staff [...]
FCA spent too long ‘looking in on itself’ says former executive July 24, 2024 The Financial Conduct Authority may be sleepwalking into the next financial scandal after spending too long “looking in on itself”, a former senior official has warned. Speaking on the Following the Rules podcast, ex-regulator Gavin Stewart, former chief risk officer at the FCA and a veteran of its previous incarnation, the Financial Services Authority (FSA), [...]
Amplats: will the precious metal miner bring touch of sparkle to City? July 24, 2024 Ever since shrugging off repeated bids from rival Australian miner BHP, Anglo American has been promising shareholders a major restructuring. The FTSE 100 mining giant pledged to deliver a “radically simplified” portfolio that would focus on its core mining divisions, copper, premium iron ore and crop nutrients. The sweeping restructuring, which was a condition of [...]
Election ploy? Off-peak Friday tube trial was Sadiq Khan’s decision, says TfL July 24, 2024 The trial was branded an "expensive election bribe" by critics of Sadiq Khan after its announcement in the lead up to the Mayoral election.
Best London restaurant revealed as top bistro crowned ‘perfect local’ July 24, 2024 An eatery in London's Clapton has been named as the best restaurant in the capital while the top British local has also been revealed.
Labour’s growth push continues with ‘fundamental’ welfare reform promised July 23, 2024 Liz Kendall, the work and pensions secretary, said that her department would become “a genuine department for work” as the new government attempts to tackle the rise in economic inactivity. “DWP has focused almost entirely on the benefits system, and specifically on implementing Universal Credit,” she said in a speech in Barnsley. “Nowhere near enough [...]
LVMH revenue slides as luxury retailer continues to combat uncertain market July 23, 2024 LVMH, the multibillion-pound owner of Dior and Louis Vuitton, has reported a drop in revenue in the first half of the year, joining other major fashion brands which are suffering from a slump in demand. Revenue for the luxury retail brand came in at €41.7bn (£35bn) for the first half of 2024, the firm said [...]
Rolls-Royce signs £232m private jets deal July 23, 2024 Rolls-Royce has signed a deal with American private jet carrier JSX worth $300m (£232m) over ten years.
HS2: Cancelling northern leg will cost £100m – and make everything worse July 23, 2024 The total cost of completing High Speed Two (HS2) could reach nearly £60bn, according to the National Audit Office.
Manchester City owner strikes deal with Sony Pictures Television July 23, 2024 The owner of Premier League champions Manchester City has signed a deal with Sony Pictures Television to co-develop and produce new original scripted, nonfiction, and kids’ projects.