Cryptocurrency payments hold up despite harsh and merciless crypto winter July 21, 2022 Crypto payments have remained stable in the first half of this year, according to new research shared with City A.M. today. Compliance platform Deel said that cryptocurrency payment remained stable at 5 per cent of all global payments withdrawn monthly from the platform. In comparison, in the second half of last year 2 per cent [...]
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.
Amazon snaps up One Medical in £2.9bn push into healthcare July 21, 2022 Amazon said it would be snapping up One Medical in a $3.49bn (£2.93bn) all-cash deal as the e-commerce giant pushes into health care.
Chaos after TfL backtracks on early closure of Central Line due to staff shortages July 21, 2022 Confusion reigned for Londoners this afternoon following TFL’s announcement the Central Line would close early due to staff closures – before uturning on the decision shortly after. Thousands of commuters were concerned as to how they might get home from the City, after an announcement by Transport for London (TFL) the line would shut by [...]
S4 Capital shares tank 40 per cent as Sorrell’s brainchild issues profit warning July 21, 2022 Shares in S4 Capital tanked over 40 per cent this afternoon after the advertising giant issued a profit warning.
Travellers to the UK will answer ‘suitability questions’ and undergo ‘automated border screening’ in new immigration plans July 21, 2022 Travellers to the UK will need to answer a set of “suitability questions” and have “automated border screening” without speaking to border force agents as part of the Home Office’s new immigration plans. Home Secretary Priti Patel set out the plans today as part of the country’s new “contactless” digital border. The Permission to Travel [...]
Britons brace themselves for hour-long queues at Dover ahead of school break July 21, 2022 People embarking on their well-deserved summer holidays are currently stuck in hour-long bottlenecks at the port of Dover. Ferry operator P&O told passengers to “allow sufficient time” to clear the queues before checking in. “There are currently major queues at border controls in Dover,” the company said in a tweet. “If you miss your ferry, [...]
High street moves: Whitbread boss Alison Brittain set to join Dunelm board July 21, 2022 Whitbread’s outgoing boss Alison Brittain is set to take on a non-executive director role at homeware brand Dunelm. Brittain will join the Dunelm board in early September, with it expected that she will succeed Andy Harrison as chair in September 2023. Brittain announced she was departing from the Premier Inn owner and FTSE-100 business earlier [...]
Government’s plans for Solvency II shakeup will force insurers to hold more capital on their books, sector warns July 21, 2022 Insurers have called on the UK government to reconsider their plans to shake up the Solvency II rules that govern the country’s insurance sector, after warning the current plans could backfire. The government’s current plans to reform the European Union’s Solvency II regulations could see life insurers forced to hold more capital than they are [...]
Reduced flows return to Nord Stream pipeline as winter crisis looms across Europe July 21, 2022 Nord Stream 1 has begun pumping gas into Europe again, following a 10-day outage this month, but fears remain over supply shortages this winter.