Can fintech thrive outside of London? Charlotte Crosswell talks growing the sector around the country March 2, 2023 Even as Charlotte Crosswell launched the Centre for Finance, Innovation and Technology in Leeds this week with a mandate to boost fintech across the UK, those in attendance were asking why it couldn’t have been in London. The Leeds event had big name backers in City minister Andrew Griffith and has full-throated support from across [...]
SPOTLIGHT: Estonian Web3 Chamber now turbo charges nation’s blockchain technology March 2, 2023 Crypto AM shines its spotlight on the Estonian Cryptocurrency Association, which has changed its name to the Estonian Web3 Chamber (Eesti Web3 Koda).
UK trade data market not working ‘as it should’ as investors pay the cost of lack of competition, says FCA March 2, 2023 A new study from the Financial Conduct Authority (FCA) has found competition in the wholesale data market is “not working as well as it should”, leading to extra costs for investors and savers. Trading data includes information on the prices and volumes of financial products traded and supplied by venues such as stock exchanges. The [...]
WH Smith hit by cyber attack as hackers gain access to private company data March 2, 2023 WH Smith has been hit by a cyber attack that has resulted in hackers gaining access to private company data. The stationary store and book seller, which has over 600 high street shops in the UK, said it has launched an investigation into the attack. The retailer said however, that customer data was not affected [...]
Lloyd’s of London member Beazley’s profits plummet 48 per cent as interest rate hikes dent portfolio March 2, 2023 Shares in specialist insurer Beazley today fell almost nine per cent after the firm told investors its profits had plummeted in 2022 due to a sharp drop in income from its investment portfolio. The insurer said its overall pre-tax profits fell 48 per cent in the year ending in December 2022 to $191m, as rising [...]
Matt Hancock leaked Whatsapps not ‘matter’ for data breach inquiry, says regulator March 2, 2023 Matt Hancock’s leaked Whatsapps about the Covid-19 pandemic are not a subject for a data breach investigation “at this stage”, a top regulator has said. Journalist Isabel Oakeshott, who worked with former health secretary Hancock on his book, Pandemic Diaries, handed over thousands of Whatsapp messages to the Telegraph. The paper published claims including that [...]
Crypto market fluctuations continue as Bitcoin price retraces March 2, 2023 The price of Bitcoin has yet to shift this morning after starting the day at $23,800 - down by little over one per cent on yesterday.
Losing momentum on Solvency II reforms would be a missed opportunity to transform Britain March 2, 2023 This is a once in a generation opportunity. That phrase might have become a bit of a cliché, especially in recent years, but the UK’s exit from the EU could ensure that Solvency II reforms really are one of those events. The proposed reforms represent a very significant opportunity to ensure more private sector capital [...]
Salad Days: A run on grow bags and why Harry and Charlotte could help Brits see off food shortage, says RHS March 2, 2023 A shortage of fruit and vegetables in particular tomatoes, cucumber peppers and lettuce, is believed to be behind an increased interest in gardening. Brits have been being advised to avoid salads for the next “few weeks” as supermarkets have kept restrictions in place on tomatoes, peppers, cucumbers and lettuce. The Royal Horticultural Society (RHS) said [...]
Offshore energy industry pleads with Hunt for help: Windfall tax ‘rocked investor confidence’ amid US threat March 2, 2023 The UK’s North Sea industry body has urged Jeremy Hunt to create an attractive investment climate to compete with rival energy markets.
