Ministers push back plans for controversial ‘call in’ powers November 1, 2022 Ministers have delayed plans for the roll-out of controversial ‘call in’ powers over regulators in order to give the prime minister more time to mull over the plans, a letter from the City minister has revealed.
FCA struggling to lure top talent due to lacklustre pay, former official claims November 1, 2022 Reforms to the City watchdog have not done enough to boost employees’ pay packets and it is struggling to recruit top calibre staff as a result, a former official has claimed.
UK startups bag £4.2bn as VCs shrug off recessionary fears November 1, 2022 Venture capital investors in the UK and Ireland shrugged off recessionary fears in the third quarter of the year as they pumped £4.2bn into start-up firms, new research has revealed.
Musk becomes sole Twitter director after dissolving board October 31, 2022 Elon Musk has dissolved the board of Twitter and appointed himself sole director of the firm as he pushes ahead with a major restructuring plan that could see a quarter of staff laid off.
Sunak to confirm plan to give Treasury call-in powers over City regulators October 31, 2022 Rishi Sunak is set to push ahead with plans to give ministers the power to overrule decisions made by City regulators. The Treasury has confirmed the government will still go-ahead with the Liz Truss and Kwasi Kwarteng initiative, despite concerns from the Bank of England about the measure. The new call-in power will see ministers [...]
Apollo strikes crypto deal with Anchorage in digital asset push October 31, 2022 Asset management giant Apollo has begun holding crypto on behalf of its clients after striking a deal with digital asset bank Anchorage Digital, in a vote of confidence in the future of crypto after a rocky few months in the market.
Musk mulls ring-fencing Twitter ‘beef’ with different ‘versions’ of site October 29, 2022 Elon Musk has suggested that Twitter could be split up into maturity-rated content streams to ring-fence harmful and extreme posts, as the debate over moderation of material on the site rages on.
Sacked Twitter chiefs could pocket $122m in payouts October 29, 2022 The three top Twitter chiefs sacked by Elon Musk could be in line for payouts worth $122m, according to a research firm.
Octopus Energy snaps up collapsed rival Bulb October 29, 2022 Octopus Energy has struck a deal to snap up its collapsed rival Bulb today, ending the period of ‘special administration’ that has seen billions pumped into the firm by the government.
Tech giants plunge in value after weak earnings October 29, 2022 US tech giants have had more than $250bn wiped off their value in the past week as investors fled in the wake of a weak set of quarterly earnings and warnings of an advertising slowdown.
