Pacwest shares climb after it announces sale of £2.1bn real estate portfolio May 22, 2023 Pacwest shares rose in pre-open trading today after it confirmed the sale of a portfolio of real estate loans worth $2.6bn (£2.1bn).
If crypto is gambling, so is the existing financial system May 22, 2023 Crypto is only gambling in the same way that buying stocks and shares or even fine wines is, says Temple Melville.
Crypto is getting safer for investors, but there is still work to be done May 22, 2023 Jason Tucker-Feltham believes the UK is fast-becoming an attractive home for the crypto industry, but there's a long way to go to reach perfection.
Tesco: Outgoing chair John Allan to offload stake in mentoring firm days after quitting the supermarket May 22, 2023 Tesco chairman John Allan will reportedly sell his 20 per cent stake in a blue chip mentoring company days after he announced his departure from Britain’s biggest supermarket. The outgoing boss’ latest moves comes after he announced he’d leave Tesco amid claims that he behaved inappropriately towards women, though Tesco said it found no evidence [...]
Analysis: Is it the end of the road for Suella Braverman? May 22, 2023 Suella Braverman asked officials if she could do a ‘private’ speeding awareness course after she was caught driving too fast.
‘We need to celebrate risk’: City minister pushes for Brits to embrace investment May 22, 2023 The City minister Andrew Griffith said today the UK needs to “celebrate risk” as he called for a sweeping culture change in the way the public approaches investment.
Keir Starmer vows to ban ads for ‘harmful’ products like sugary snacks aimed at children May 22, 2023 Sir Keir Starmer has pledged to ban advertising for “harmful” products including vaping, junk food and “sugary snacks” to children if Labour is elected into power. He outlined his plans for reforms to the NHS, Labour’s third ‘mission’ for government, in a speech this morning, setting out a bid to shift to a prevention-focused approach, [...]
Harvey Nichols boss warns tourism tax is hurting UK economy May 22, 2023 The boss of Harvey Nichols has warned that the so-called ‘tourism tax,’ created by the scrapping of tax-free shopping in 2021, is having a significant impact on the wider British economy. Chief executive Manju Malhotra told The Times that the tax was affecting not just retailers that benefit from international visitors, but the “entire ecosystem [...]
Central banks and governments pressured lenders to rig Libor rate, new book claims May 22, 2023 A new book alleges that banks were pressured by central banks and governments to manipulate the London Interbank Offered Rate, or Libor, in an attempt to boost confidence in the financial sector. The book, which is being serialised in The Times, claims that regulators and prosecutors knew about this pressure, but covered it up when [...]
Meta slapped with whopping £1bn fine over Facebook data breach May 22, 2023 Meta, the owner of Instagram, Facebook and Whatsapp, has been slapped with a record €1.2bn (£1bn) fine by the Ireland's data protection agency over its transfer of European users’ Facebook data to its US server.
