FCA clamps down on illegal crypto ATMs in East London March 8, 2023 The Financial Conduct Authority (FCA) has clamped down on unregistered crypto ATMs in East London as it expands its efforts to shut down the illicit sector . The FCA inspected several sites in a joint operation with the Metropolitan Police. Crypto ATMs allow people to buy or convert money into cryptoassets. No crypto ATMs are [...]
UK immigration hits record levels despite labour shortages March 8, 2023 Immigration to the UK has hit record levels, despite labour shortages in key sectors, amid a fresh wave of public positivity towards arrivals. In the year ending in June 2022, long-term immigration into the UK was around 1.1m, up by 435,000 on the previous annual figure. Employment-related migration fell in vital sectors such as hospitality [...]
FCA mounts defence after being blamed for Arm’s London snub March 8, 2023 The Financial Conduct Authority has mounted a defence of its role in the botched charm offensive on British chipmaker Arm today after the firm revealed it would shun a London listing in favour of New York last week.
John Lewis comes under fire for lack of affordable housing in first build-to-rent scheme March 8, 2023 John Lewis has faced pushback over its first build-to-rent development after the leader of Ealing council accused the firm of “bullying” and raised concerns about the lack of affordable homes for locals in the area. Peter Mason, leader of Ealing council, took to Twitter to slam the retail group about the possibility of it not [...]
PMQs sketch: Parliament turns into a school playground March 8, 2023 Rishi Sunak prepares for battle with the ECHR over his plans to tackle the small boats crisis as Keir Starmer fluffs his lines. Jessica Frank-Keyes debriefs on today’s Prime Minister’s Questions. Parliament may resemble the corridors of a minor public school at the best of times, but today there was a distinct school playground vibe to [...]
FTSE 100 close: Wall Street sell off tames London index after Powell rate warning March 8, 2023 London’s FTSE 100 was tamed today by a sell off that gathered pace in Wall Street last night after US Federal Reserve chair Jerome Powell signalled outsized interest rate rises could be back on the menu. The capital’s premier index squeezed out a 0.13 per cent gain to close at 7,929.93 points, while the domestically-focused [...]
Tullow Oil’s shares tumble as company stays cautious over output March 8, 2023 Tullow Oil has kept its forecasts for steady output and lower cash flow this year, sending its shares lower on the London Stock Exchange.
Beazley forced to lower chief exec’s pay following mistake in insurer’s results March 8, 2023 Beazley was today forced to publish a correction to its balance sheet after the Financial Times spotted an embarrassing error in its annual report. In its annual results statement, insurer Beazley overstated the value of its ‘net assets per share’ in reporting them at 420.8c instead of their real value 386.7c. Beazley’s error is particularly [...]
Citizens Advice calls for better use of personal data to create social tariff March 8, 2023 The government should use Brits' personal data about income tax rates and energy usage to create a new social tariff, argues Citizens Advice.
Met Police short of 1,000 officers as force admits it faces an uphill battle to recruit quality candidates March 8, 2023 The Met Police is set to be short of more than 1,000 officers this year, the force has said, amid an ongoing crisis in public trust and confidence. Officer numbers will be down by around 1,060 less than the target strength of 34,490, the Met Police has told City Hall. It comes as new commissioner [...]
