Plans to shelve buy-now pay-later rules ‘incredibly concerning’, says Which? July 17, 2023 A top campaign group has sounded the alarm today after it emerged that the government is preparing to shelve plans to clampdown on the buy-now pay-later (BNPL) sector.
Business groups hail Indo-Pacific trade deal as boost for City despite minor growth bump July 16, 2023 Business groups have hailed the UK’s membership of a major Indo-Pacific trade bloc as a potential boost to the City today despite analysis showing a meagre growth bump from the deal over the long term.
London IPO market slumps below Istanbul and Milan July 14, 2023 The London Stock Exchange has slumped below Istanbul and Milan in terms of IPO activity this year as the Square Mile is hit by a drought in its listings market, new research has revealed.
How London’s new stock exchange hopes to solve the IPO ‘cliff edge’ July 13, 2023 There are few more nervy moments in the life of an entrepreneur than standing atop the balcony of the London Stock Exchange, ringing the figurative bell and handing their pride and joy over to the whims of the public market.
Finncap seeing ‘green shoots’ of recovery after swinging to £1.7m loss July 13, 2023 City broker and investment bank Finncap said it is seeing “green shoots” of recovery in the market this year as revenues ticked upwards again after it swung to a loss last year.
FCA chief: AI could disrupt financial services ‘at a scale not seen before’ July 12, 2023 The chief of the Financial Conduct Authority has said that artificial intelligence could disrupt the financial services sector in “ways and at a scale not seen before”, warning that the regulator would look to take action against AI-based scams.
Corporate debt swells to record £6tn as interest rates begin to cool borrowing appetite July 12, 2023 The debt pile sitting under global corporates has swelled to record levels in the past year despite rate hikes beginning to cool firms’ appetite for borrowing, new research has revealed.
Government looks to scrap EU short selling rules in post-Brexit deregulation drive July 11, 2023 The government is looking to ditch EU-era short selling rules and will scrap a requirement for individual investors to reveal their bets against companies as part of a post-Brexit push to scrap red tape in the City.
Pension funds may need a nudge into the stock market after £50bn start-up pledge, says City minister July 11, 2023 The government may next need to push top pension funds to invest in London’s stock market as ministers look to solve a dearth of domestic investment in Britain’s big listed firms, the City minister has said.
UK must prioritise financial inclusion over the City’s competitiveness, says former FCA chair July 11, 2023 The UK “can’t go on” prioritising the competitiveness of the City over the financial access of millions of vulnerable people during a cost of living crunch, the former chair of the Financial Conduct Authority has warned.
