Aviva joins dormant asset scheme as programme expands to insurance and pension funds June 5, 2023 Insurance giant Aviva joined the dormant asset scheme today as the programme opened up to pensions and insurance firms. Aviva will join over 40 banks and building societies that currently participate in the scheme. Kirsty Cooper, group general counsel and company secretary, said Aviva had been working with the Reclaim Fund and dormant asset scheme [...]
MPs call for dedicated ‘crypto tsar’ as parliamentary schism emerges June 5, 2023 A group of crypto-friendly MPs have called for the appointment of a dedicated “crypto tsar” to oversee plans to turn the UK into a digital asset hub today, as stark divisions emerge in parliament over the future direction and role of the country’s crypto industry. In a new report, the All Party Parliamentary Group on [...]
Asos share price leaps after report of £1bn takeover bid June 5, 2023 Asos‘s share price jumped 11.8 per cent this morning after a report emerged yesterday that the struggling retail chain received a £1bn takeover bid from a Turkish retailer backed by Chinese e-commerce giant Alibaba. Trendyol, an up-and-coming fast fashion retailer, was understood to have approached Asos in late December, according to a report in The [...]
New car sales are on the up as supply chain issues ease June 5, 2023 Sales of new cars in the UK increased again last month, new figures out today revealed, marking the tenth successive month of sales growth.
Markets continue to be wary as interest rate meeting looms in coming weeks June 5, 2023 Bitcoin is trading just below $27k this morning, with Ethereum following a similar pattern, holding above $1.8k.
Families splashing cash despite high inflation and interest rates fuels services growth June 5, 2023 Families splashing the cash despite high inflation and interest rates crimping their budgets is keeping Britain’s services economy motoring along, a closely watched survey out today shows. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) final purchasing managers’ index (PMI) for the services sector, which generates about £2 in every £3 in [...]
Rosebank delay: Approval for North Sea’s largest undeveloped oil field could drag into summer June 5, 2023 The approval process for the North Sea's largest undeveloped oil and gas could drag on into the second half of the year.
BP and Heathrow join new BCC business council pitched as CBI rival June 5, 2023 Top global firms have led the charge to support a new rival to the under-fire CBI lobbying organisation. Energy giant BP, power firm Drax, Heathrow Airport and international hoteliers IHG have become founding members of the British Chambers of Commerce (BCC) business council. The organisation is set to take on the Confederation of British Industry [...]
Digital assets should be taught in finance lessons in schools June 5, 2023 Financial literacy in the UK is falling short and is clearly an issue that needs to be addressed, says deVere chief Nigel Green.
London based IQ Capital raises $400m to fuel ‘deep tech’ AI and robotics startups June 5, 2023 London-based venture investor IQ Capital has bagged $400m across two funds today as it looks to ramp up its investment in ‘deep tech’ start-ups across areas including artificial intelligence (AI) and robotics.
