FCA dismissed whistleblower’s ‘extreme retaliation’ claims with legal mistake Whistleblowing The City watchdog dismissed the complaints of a whistleblower and allegedly left them open to a barrage of retaliation from their former employer because officials wrongly interpreted the law, City A.M. has learned.
Astrazeneca: Pharma giant splashes the cash to settle two legal claims PHARMA Pharma giant AstraZeneca has agreed to pay out $425m in a settlement today after facing multiple claims from litigators that two of its stomach acid drugs caused kidney injuries.
Government to review UK regulators in hunt for post-Brexit ‘advantages’ regulation The government has committed to review the UK’s sprawling regulatory system today in a bid to strip back red tape and find “post-Brexit regulatory advantages”. In a statement today, business secretary Kemi Badenoch said the government would kick off an “in-depth review” of how regulators work in the UK. The aim of the new deep [...]
London races ahead of San Francisco on fintech as chiefs rally behind reform October 2, 2023 London tech chiefs have called on the government to push ahead with reforms today after a new survey showed that London has climbed above San Francisco as a global hub for fintech for the first time.
Peel Hunt eyes ‘encouraging’ shoots of recovery after deals drop off October 2, 2023 Investment bank Peel Hunt said it was seeing “encouraging signs” of recovery today after a sharp drop off in deals and listings over the past year. In a trading update this morning, the mid-market specialist said said it has seen a “prolonged period of adverse market conditions” since the end of 2021 but revenues had [...]
Cash-strapped Brits pushed towards payday loans and buy-now pay-later, FCA warns September 29, 2023 The Financial Conduct Authority has warned the cost of living crunch is pushing Brits toward payday loans and buy-now pay-later products today as it launched a fresh financial inclusion drive.
Solvency II: When will the post-Brexit investment bonanza arrive? September 29, 2023 When Rishi Sunak pointed to a once obscure piece of prudential regulation during a leadership debate last year, it felt to many in the City like a watershed moment.
Aston Martin share price surges after billionaire Lawrence Stroll ramps up stake September 29, 2023 The group of investors run by Canadian billionaire Lawrence Stroll has ramped up its stake in Aston Martin today to take its stake in the firm beyond 25 per cent.
Rathbones calls in Investec executive in post-merger shake-up September 29, 2023 City investor Rathbones has appointed a former Investec executive as its new finance chief today as the two money managers merge operations following their tie-up earlier this year .
UK dealmaking almost halves to 14-year low amid interest rate pain September 28, 2023 Dealmaking in the UK has cratered to a 14 year low this year as rising interest rates and swinging prices scupper takeovers.
