Bank for International Settlements warns central banks over risk posed by cryptocurrency exposure March 13, 2019 The Bank for International Settlements (BIS) has warned banks that cryptocurrencies could pose a risk to financial stability. The BIS Basel Committee, which sets regulatory standards for central banks, said the growth of crypto asset trading platforms and new financial products could increase the risks faced by lenders. Read more: Most UK consumers unable to [...]
Get Your Guide to achieve unicorn status thanks to $50m Temasek backing March 13, 2019 Online travel firm Get Your Guide is set to achieve coveted unicorn status thanks to a $300m (£228m) cash injection from a group of investors, Sky News reported. The Berlin-based travel company is said to be in advanced talks with Singaporean sovereign wealth fund Temasek Holdings over a $50m investment that will be announced in [...]
Energy firm Eon calls time on the UK’s first ever wind farm March 13, 2019 The British renewables industry has marked a new milestone as Eon prepares to decommission the country’s first ever offshore wind farm. The Blythe site, which at its height supplied around 2,000 homes, will be taken down in April, Eon said. Read more: A third of UK energy to come from offshore wind by 2030 The [...]
Ex-Pimco chief executive Douglas Hodge charged in connection with US college admissions fraud scandal March 13, 2019 Former Pimco chief executive Douglas Hodge has been charged in relation to a US university admissions fraud scandal. Hodge, 61, has been charged with conspiracy to commit mail and wire fraud in connection to an alleged elite college admissions exam cheating scheme. Read more: UBS to protect dividend after €4.5bn fine in French tax fraud [...]
Boeing shares rise as firm hopes to ride out aftermath of 737 Max 8 aircraft crashes March 13, 2019 Shares in US plane maker Boeing have risen slightly in pre-market trading, in what the manufacturer will hope is a sign the global fallout from its crashed aircraft over the weekend is calming down. The firm was 1.49 per cent up before US markets opened this afternoon, three days after after a a Boeing 737 [...]
Focus On Stratford: Around 30,000 new homes are planned for the east London Olympic hub by 2030 March 13, 2019 The 2012 Olympic Games may feel like they happened last century, but their legacy lives on in Stratford. Though it resides in Newham, one of the most deprived boroughs in the capital, the host neighbourhood of the Games has attracted a phenomenal amount of property investment in both commercial and residential sectors. There are currently [...]
Watchdog bans Sky Bet ad starring Jeff Stelling over sports knowledge claim March 13, 2019 A Sky Bet advert starring football presenter Jeff Stelling has been banned by the industry watchdog over fears it could lead to irresponsible gambling. The Advertising Standards Authority (ASA) said the advert implied those with a good knowledge of sports would have more gambling success and gave an exaggerated perception of how much control punters [...]
Renault-Nissan-Mitsubishi alliance overhauls management in wake of Ghosn scandal March 13, 2019 Key executives at Nissan and Mitsubishi have stepped down as the car alliance looks to overhaul its management team amid the scandal surrounding Carlos Ghosn. Nissan senior vice president for human resources Arun Bajaj left the firm on 11 March, the company said today. Bajaj had taken a leave of absence in January and was [...]
Swiss private bank Edmond de Rothschild to delist March 13, 2019 Swiss private bank Edmond de Rothschild has announced plans to delist and restructure in a move to consolidate the group. The family buyout comes after a settlement was agreed last year among Rothschild cousins over the use of the historic family name for commercial matters, forcing two warring companies to simplify their complex and intertwined [...]
Strong results in Asia push up Prudential’s profits March 13, 2019 Prudential saw profits in Asia grow by 10 per cent over 2018, as it cashed in on customer demand for health, protection and savings services in the continent. The figures The British life assurance and financial services company’s profit before tax rose by three per cent in 2018 to reach £4.8bn. Prudential’s cash holdings and [...]