Boosting renewables is the best way to just stop oil, says Octopus Energy boss June 5, 2023 The best way to 'Just Stop Oil' is to accelerate the transition to renewable energy, argued the boss of Octopus Energy Greg Jackson.
Bitcoin Ordinals surpass 10 million as EU regulates crypto, while Tether keeps growing June 5, 2023 Data from CryptoCompare shows that the price of the flagship cryptocurrency Bitcoin (BTC) moved steadily down over the past week.
Explainer: What’s behind a potential price cap on essential food June 5, 2023 Now, it’s been so long it’s almost hard to remember when it started, but the price of pretty much everything has been going up in the UK for months on end. Food was always the most painful item area to go up in price – with the “eat or heat” tragic dichotomy predominating last winter. [...]
Ex-Autoglass boss to donate £5m to Labour in bid to smash Tories at election June 5, 2023 The former Autoglass chief Gary Lubner is set to donate £5m to Labour to bolster its coffers ahead of the next election battle. The South African-born businessman told the Financial Times he had wanted to help Labour leader Sir Keir Starmer get the party into power “for a long time”. He said: “This is the [...]
Crypto friendly Xapo Bank integrates with single euro payments area network June 5, 2023 Gibraltar-based Xapo Bank has integrated with the single euro payments area (SEPA) network, allowing movement of funds in Euros (EUR).
FCA hits broker ED&F Man Capital Markets with record £17.2m fine over cum-ex trading June 5, 2023 The Financial Conduct Authority has hit City broker ED&F Man Capital Markets with a record £17.2m fine for “serious failings” in its oversight of a murky cum-ex trading strategy. In a statement today, the watchdog said the failings from ED&F Man allowed it to collect millions of pounds of fees for the trading strategy as [...]
Private equity giant CVC drawing up bid for Center Parcs June 5, 2023 Global private equity firm CVC Capital Partners is reportedly drawing up an offer to buy Center Parcs after its current owner Brookfield put the holiday resort chain up for sale last month.
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 [...]
