Can private equity push Labour to ditch its carried interest reforms? March 21, 2024 Carried interest, or ‘carry’, is one of the primary ways that private equity bosses make money. But Labour is looking to change that.
“Fundamentally unfair”: The BBC Licence Fee prosecutions hitting the vulnerable hardest March 21, 2024 Cases of vulnerable individuals being prosecuted for not paying their TV licence has led to calls for a fast-track justice procedure to be scrapped.
BlackRock chooses Ethereum for their tokenised investment fund March 21, 2024 Tuesday was another record day for the Bitcoin ETFs. This time, it was a new record in terms of outflows, with $326 million leaving the Bitcoin invested funds. Not even BlackRock's IBIT could save the day with inflows of only $75 million. But, even with the market cratering, it wasn’t all bad news. BlackRock’s SEC filing of their USD Institutional Digital Liquidity Fund to invest in tokenised assets was a reminder how much more money can potentially flow into crypto.
FTSE 100 today: London markets set to mirror global rally, focus on BOE policy decision March 21, 2024 Asian markets mirrored Wall Street's rise, spurred by the US Federal Reserve's maintained rate-cut plans, while gold hit record highs. New Zealand entered technical recession. Now, attention is on the Bank of England's policy decision, especially any signs of increased talks about potential rate cuts.
British Business Bank launches sequel to billion pound Northern Powerhouse fund March 21, 2024 A new fund aiming to invest £660m in companies across the North of England has been launched by the British Business Bank.
London closes in on New York as world’s top financial centre with Square Mile set for rebound March 21, 2024 London is narrowing the gap with New York for the title of the world's top financial centre, according to a new survey, as the City looks set to rebound from a slump in dealmaking and capital markets activity.
‘Red-letter day’: UK accession to CPTPP trade pact passes into law March 20, 2024 Legislation mandating the UK’s accession to the CPTPP Indo-Pacific trade pact has passed into law and been welcomed as a “red-letter day” for British firms.
Biggest Bitcoin fraud in UK history as ex-takeaway worker convicted in £2bn scam March 20, 2024 The CPS said Wen, who used to live above a Chinese restaurant had been under investigation after the seizure of Bitcoin wallets, with an initial estimated value of more than £2bn.
Greggs IT glitch knocked 13 million sausage rolls-worth off its value today March 20, 2024 An IT glitch that temporarily stopped Greggs from using its card machines wiped millions of pounds off the company's value today.
‘Action must be taken’: Mark Harper called on to strip Avanti West Coast of contract March 20, 2024 The Government is to be called on to take the operation of the West Coast Main Line into public hands and terminate Avanti's contract.