Coinbase expands institutional crypto asset storage internationally January 30, 2020 Coinbase is expanding its institutional crypto asset storage service internationally, establishing an office in Ireland in a bid to capitalise on growing demand for digital currencies from institutional investors. Coinbase Custody International will be based in Dublin, expanding an existing office in the city. While its main arm, based in San Francisco, does serve Europe-based [...]
Chairs of public companies think they would be ‘better off’ at private firms January 29, 2020 Many chairs of public companies in the UK believe they would be “better off” at private firms given the regulatory burdens and intense scrutiny faced by listed businesses, according to a major investor group. The Investor Forum, whose 50 members control £18.5 trillion assets, said the continued rush of private money into the unlisted market [...]
Airbnb backs creation of EU digital regulator after court victory January 29, 2020 Airbnb has backed calls for the creation of a digital regulator for the European Union after winning a landmark court case in the bloc that meant it could be classed as an online platform rather than a property agent. The short-term home rental platform said a new watchdog should form part of the discussion around [...]
Quilter claws its way back to net inflows but re-platforming nerves hit January 29, 2020 Wealth manager Quilter said it returned to net inflows by the end of 2019, reversing three consecutive quarters of outflows, but overall flows still lagged behind the previous year. Quilter, which was spun out from Old Mutual in June 2018, said flows remained “subdued” in the fourth quarter of 2019 amid adviser nerves about the [...]
Brewin Dolphin chief executive David Nicol to leave wealth manager January 29, 2020 Brewin Dolphin has announced that David Nicol will retire as chief executive of the wealth manager in June. Nicol, who has been with the company for eight years, will be replaced by Robin Beer, who currently runs Brewin Dolphin’s intermediaries, charity, professional services and digital businesses. Chairman Simon Miller thanked Nicol for his “outstanding contribution [...]
Whisky trade bodies unite in call to end ‘punitive’ transatlantic tariffs January 28, 2020 Whisky trade associations from both sides of the Atlantic have called on the UK and US governments to end what they described as “punitive” tariffs on spirits. The chief executives of the Scotch Whisky Association (SWA) and the Distilled Spirits Council of the United States (DISCUS) said the countries should “urgently find a negotiated solution [...]
Star stockpicker apologises for ‘having too much’ Wirecard stock January 28, 2020 Former Jupiter fund manager Alexander Darwall has apologised to investors for making too large a bet on fintech Wirecard, which is facing scrutiny over its accounting practices. At one point Darwall, who left Jupiter in July to establish his own fund management business, had over 17 per cent of his £1bn investment trust in the [...]
Investors in Neil Woodford’s frozen flagship fund get first payout January 28, 2020 Hundreds of thousands of investors trapped in the flagship fund of disgraced stockpicker Neil Woodford are facing steep losses, as details emerge of the first payout since the fund was gated in June. Initial payments of between 46.3p and 58.9p per share will be made to investors, administrator Link Fund Solutions said in an update [...]
Tech Nation chair Eileen Burbidge steps down January 28, 2020 Eileen Burbidge, the chair of government-funded industry body Tech Nation is stepping down after five years in the role. Tech Nation is responsible for promoting Britain’s tech sector. As well as advising startups and running a support network for founders looking to grow their businesses, it runs a visa scheme for technology workers. Burbidge was [...]
FBI got ‘zero cooperation’ from Prince Andrew on Jeffrey Epstein probe January 27, 2020 The FBI and US federal prosecutors have reportedly sought to interview Prince Andrew about his links to Jeffrey Epstein, but have not yet received a response. The US Attorney for the Southern District of New York revealed the prince’s lack of cooperation during a press conference about victims of human and sex trafficking. In response [...]
