Insurance bosses ready wave of investment after Solvency II shake-up February 22, 2022 Britain’s insurance giants have welcomed government plans to shake-up EU-era solvency rules as they prepare to unleash a wave of investment across the UK.
Bosch unveils plans to pump £209m into chipmaking sites February 22, 2022 Technology giant Bosch has announced plans to inject an additional 250 million euros (£209m) into chip production facilities at its Reutlingen plan in Germany, as the global race to secure chimpaking capacity heats up.
Lotus eyes up New York as favoured destination for IPO February 22, 2022 Iconic British car brand Lotus is eyeing up New York as its favoured location to go public after it was revealed the car manufacturer was looking to supercharge growth with a move onto the public markets.
Hargreaves Lansdown records slump in profits as pandemic investment surge settles February 22, 2022 Retail investment platform Hargreaves Lansdown recorded a dip in profits for the first half of its financial year as the pandemic boom in trading volumes began to settle.
Coca-Cola bottler reports surge in profits with plans to hike dividend this year February 22, 2022 Coca-Cola bottling firm Coca-Cola HBC has reported a surge in profits today as it capped off a strong recovery following a pandemic slowdown in 2020.
Solvency II regulations to go in first sign of post-Brexit shake-up February 21, 2022 The Government has unveiled plans to slash regulation in the insurance sector and allow Britain’s insurance giants to unleash a flood of funding into UK infrastructure projects, in a major shakeup to EU-era financial rules. Speaking to insurance bosses last night, City Minister John Glen said the Government will overhaul 2016 Solvency II regulation which [...]
Think-tank calls for ESG regulation to clampdown on ‘greenwashing’ February 21, 2022 A regulatory research body has called on Britain to clampdown on corporate ‘greenwashing’ by regulating sustainability ratings, as investors increasingly seek out sustainable investment opportunities.
Payments firm Worldline in talks to spin off terminals business for €2.3bn February 21, 2022 French payments giant Worldline has confirmed it is in exclusive talks to spin off its terminals business to US Apollo Funds for €2.3bn deal, the firm announced today.
U.S. plans to sever ties with Russian banks if Ukraine is invaded February 21, 2022 The US has lined up a package of sanctions to slap on Russian financial institutions in the event of an attack on Ukraine, including barring US financial firms from processing transactions for major Russian banks.
Exclusive: UK’s leading fintech bosses call on government to ramp up efforts to overhaul regulation February 21, 2022 A group of the UK’s leading fintech bosses have called on the Government to ramp up efforts to overhaul regulation and build a world-leading environment for the sector, in a letter seen exclusively by City A.M. Bosses at over 70 of the biggest fintech firms in the UK, including digital banks Monzo and Starling, payments [...]
