Revolut executive resigns amid growing tensions with regulator July 10, 2022 One of Revolut’s top regulatory chiefs has stepped down from her role just weeks after boss Nikolay Storonsky criticised the Financial Conduct Authority for its sluggish progress on the firm’s banking licence application.
Tesco and Heinz resolve pricing war with products set to return to shelves July 8, 2022 Tesco and Heinz announced they had resolved a pricing war today and said “lorries full of Heinz products” will “hit the road shortly”, after the grocer pulled the firm's products from shelves at the end of last month.
Brits slash spending on essentials as cost of living soars July 8, 2022 Brits are tightening the purse strings and cutting back on essentials as the cost of living continues to soar, according to official polling today.
Top Hong Kong official to take over as FCA chair July 8, 2022 The Financial Conduct Authority has announced today that one of Hong Kong’s top financial officials will take over as chair of the watchdog next year.
Germany begins energy rationing as gas prices spike July 8, 2022 Local authorities in Germany have begun rationing energy, dimming street lights and closing swimming pools to cope with soaring gas prices in the wake of Russia’s move to slash energy supplies.
Beleaguered Amigo Loans say it has ‘learnt the lessons of the past’ as it gears up for lending July 8, 2022 `The boss of beleaguered lender Amigo said it had “learnt the lessons of the past” today as it looks to resume lending again after a two-year hiatus.
HSBC responsible investment chief quits over climate comments controversy July 7, 2022 The global head of responsible investing at HSBC Asset Management revealed he had resigned today after sparking a furore in May with a speech that played down the risk of climate change and slammed “shrill, partisan” climate warnings.
Advertiser Talon Outdoor bags cash injection from Equistone for dealmaking push July 7, 2022 Out-of-home advertising agency Talon Outdoor revealed it has secured backing from private equity outfit Equistone today as it readies to accelerate its investment into technology and kick off a dealmaking push.
Fund managers call for FCA blockchain taskforce in plans for ‘Investment Fund 3.0’ July 7, 2022 The UK’s top investment body called on government and regulators to harness the benefit of cryptocurrencies and decentralised finance today, as it claimed the industry was on the cusp of a “major technological transformation”.
Legal & General notches ‘double digit’ cash and capital growth in 2022 July 7, 2022 Mortgage and pension provider Legal & General said today it has seen “double digit” growth in cash and capital generation for the first half of the year, after a strong performance across its divisions.
