What we were able to change with the Financial Services and Markets Bill – part two June 27, 2023 Part two on the changes that have been made to the Financial Services and Markets Bill focuses on regulator accountability.
Supermarkets behaving badly: Asda and Morrisons bosses back ‘transparent’ fuel pricing model June 27, 2023 Supermarkets bosses have been grilled by MPs on prices at the pump and agreed to consider entering into a fuel model which would give more transparency. The government has been mulling a scheme whereby petrol stations would have to share live prices in efforts to bring more price transparency for drivers – a similar system [...]
Technology used in Bank of England’s CBDC project now available to any business June 27, 2023 Blockchain finance platform Quant is set to make infrastructure used in the Bank of England's CBDC test project available to businesses.
Bank of England’s Tenreyro warns more interest rate hikes risks pushing inflation below target June 27, 2023 A Bank of England official has said raising interest rates too aggressively could push inflation below the central bank’s target over the coming years. Departing monetary policy committee (MPC) member and professor at the London School of Economics Silvana Tenreyro today said tightening borrowing costs in an economy that is undergoing a severe external energy [...]
Four arrested as Just Stop Oil vandalise energy giant Total’s Canary Wharf HQ with paint June 27, 2023 Total Energies is the latest victim of Just Stop Oil's crusade against oil and gas firm, which chucked orange paint at its Canary Wharf base.
JD Sports: Share price sinks six per cent on market ‘softening’ warning June 27, 2023 JD Sports told investors this morning that profit is on track to smash through the billion-pound mark this year as the athleisure giant continues its expansion – but a warning on some ‘softening’ has nonetheless spooked investors. Ahead of its AGM today, the ‘king of trainers’ said trading remained positive during May – posting organic [...]
Post Brexit tariffs and EV delays could cost UK car industry over £100bn June 27, 2023 Failure to bolster the supply chains for electric cars, coupled with looming post-Brexit tariffs, could cost the UK’s car industry over £100bn in growth, a leading industry group has warned. A potential 10-fold increase in the production of electric cars worth £106 billion is as it stake, according to a new report from the Society [...]
Bitcoin and Ethereum trundle along sideways as BlackRock pivot runs out of steam June 27, 2023 Bitcoin is trading well above $30k this morning - a level that was tested yesterday as BTC bounced back from a dip to $29.900.
Fintech firm CAB Payments eyes £850m price tag in rare London IPO June 27, 2023 Fintech firm CAB Payments has revealed it will look to fetch a price tag of more than £850m next month when it floats in London in a much-anticipated IPO.
Ex Ted Baker boss joins Ocado as Amazon takeover rumours swirl June 27, 2023 The former boss of British fashion brand Ted Baker will join Ocado as rumours swirl about a possible takeover bid. Rachel Osborne stepped down from her role as head of the British fashion brand earlier this month, with a number of other senior board members after Ted Baker was acquired by Authentic Brands for £211m [...]
