Ex-Barclays bankers accused of creating ‘smoke-screen’ to hide secret fees paid to Qatar October 9, 2019 Three senior ex-Barclays bankers on trial for fraud were accused today of creating a “smoke-screen” to try and justify millions of pounds surreptitiously paid to Qatar in exchange for a multi-billion pound investment in 2008. Roger Jenkins, Richard Boath and Thomas Kalaris are standing trial at the Old Bailey, accused of conspiracy to commit fraud [...]
Is Brexit making Britain a bargain for foreign investors? October 9, 2019 | City Talk The pound has been one of the biggest casualties of Brexit so far. Sterling has lost around 10 per cent of its value against the US dollar and the euro since the UK voted to leave the EU in June 2016 and shed 5 per cent versus the yen. It has lost over 16 per [...]
Cayman Islands to introduce public ownership register in money-laundering crackdown October 9, 2019 The Cayman Islands will introduce a public register showing the beneficial owners of companies based in the jurisdiction by 2023. The register – part of the EU’s 5th Anti Money Laundering Directive (5AMLD) – will show the beneficial owners of all financial entities domiciled in the territory, which is key to showing who is behind [...]
Bercow discussed Brexit plans with European Parliament head October 9, 2019 The president of the European Parliament spoke directly with Commons speaker John Bercow, telling him Brussels would back a Brexit extension if the final decision is put to UK voters. David Sassoli, who was in London yesterday, today told his fellow MEPs in Brussels that “not much progress has been made” in recent days. He [...]
Why Boris should keep no-deal on the table October 9, 2019 | City Talk The British government should not go into Brexit negotiations with the EU unless a no-deal outcome is kept as an option. Disregarding the rights and wrongs of Brexit, the spread of votes in the June 2016 referendum and the ensuing political shambles, the very basics of any talks aimed at an agreement must ensure that [...]
Links of London collapses putting hundreds of jobs at risk October 9, 2019 Links of London has collapsed into administration in a further blow to the struggling UK high street, putting hundreds of jobs at risk. The retailer appointed Deloitte as administrators after it ran out of cash before it was able to secure a sale or restructuring plan. Read more: Mike Ashley makes move for Links of [...]
Britain’s financial system ‘prepared’ for worst case Brexit scenario, says Bank of England October 9, 2019 Britain’s banks and financial system are prepared for a “worst case disorderly Brexit”, the Bank of England (BoE) said, although it warned there could still be disruption, particularly for borrowers from the European Union (EU). Extensive preparations by UK authorities and businesses have mitigated “most risks to UK financial stability that could arise from disruption [...]
London Assembly seeks legal advice on Boris Johnson response to Arcuri allegations October 9, 2019 The London Assembly is seeking legal advice on whether it can publish Boris Johnson’s response to corruption allegations. A Number 10 representative delivered a submission on behalf of the prime minister last night in response to an alleged conflict of interest in his dealings with businesswoman Jennifer Arcuri. Read more: Jennifer Arcuri refuses to say [...]
Britain would now vote to stay in the EU, mega-poll reveals October 9, 2019 The tide of public opinion has now turned against Brexit and Brits would now vote to stay in the EU, according to a new poll-of-polls. Analysis of 300 surveys by market research firm Yougov has revealed that public support for Brexit waned a year after the 2016 referendum, and the majority of Brits have supported [...]
Shareholders approve Greene King takeover deal October 9, 2019 Shareholders have given the green light to the £2.7bn acquisition of British pub chain Greene King by Hong Kong’s richest man. At an extraordinary general meeting (EGM) today, 99.38 per cent of CK Asset Holdings shareholders voted to back the deal, with just 0.61 per cent opposing the takeover. Read more: Beer sales slip at [...]