Not having it: Revolut hits back at cost-cutting claims September 8, 2022 Revolut has hit back at claims it is cost-cutting and labelled them “misleading and incorrect” today after reports it was in the midst of a major review of its cost base.
UK must pursue overseas tech talent, says start-up body September 8, 2022 A leading start-up body has championed the flow of overseas talent into the UK’s technology sector today as new figures showed that nearly one in five UK tech firms had a foreign founder.
FCA ‘right to resist’ financial inclusion role, legal experts say September 8, 2022 Granting the UK’s top financial watchdog responsibility for ‘financial inclusion’ would be “overreach” and give it powers that it cannot discharge, legal experts have warned today.
Ministers press ahead with powers to intervene in financial rules September 8, 2022 Ministers have pressed ahead with plans to grant the government “call in” powers to intervene in financial regulation today, just one day after City watchdogs underlined the importance of regulatory independence to financial stability.
Fund exodus slows as UK retail investors pull £129m in July September 7, 2022 An exodus of UK retail investors slowed in July as just £129m was pulled out of funds by cautious punters, a sharp decrease from £4.5bn in June, according to new industry figures.
GB Group shares surge as it confirms takeover interest September 7, 2022 Shares in software firm GB Group surged today as it confirmed a potential takeover swoop from US private equity firm GTCR, making it the latest British tech firm to fall into the sights of a foreign buyer.
Independence is ‘vital’ for effective regulation, say watchdogs September 7, 2022 The UK's top financial regulators have doubled down on their continued independence from political influence today as they warned that pursuing short term growth by "lowering" regulatory standards could threaten financial stability.
FCA issues warning over influencers peddling online trading services September 7, 2022 The UK’s financial watchdog has warned Brits against the dangers of unregulated financial advice today amid fears that social media influencers are peddling crypto and forex trading as a way out of a cost of living crunch.
Exclusive: MPs rebuke Wise after it freezes not-for-profit’s account September 6, 2022 Money transfer firm Wise has been rebuked by a group of MPs today after it suddenly froze the account of a non-profit drug policy organisation and prevented its staff from being paid, City A.M. can reveal.
Short sellers pile into UK firms amid political turmoil September 6, 2022 Short sellers piled into bets against UK firms in August as political turmoil and a looming recession continue to drag on London’s markets, new data has revealed. The UK made up 23.46 per cent of all short positions in Europe at the end of August, up from 22.6 per cent in July, followed by Germany [...]
