Tech Nation to shut down after government controversially gives funding to Barclays January 31, 2023 Start-up network Tech Nation is to be wound down after the government controversially withdrew its funding and handed it to Barclays, the organisation announced today. Tech Nation, founded by the coalition government in 2010, said it would cease operations from the end of March after the Department for Culture Media and Sport confirmed it had [...]
Archax launches regulated digital asset custodian January 31, 2023 Archax - the first FCA regulated digital asset exchange, broker and custodian - has announced the official launch of its custody service.
Eight out of ten millionaires have sought financial advice on crypto in the last year January 31, 2023 More than 80 per cent of high net worth (HNW) individuals have asked their financial advisers about cryptocurrencies.
Bitcoin and rest of crypto in the red as investors await interest rate decision January 31, 2023 Bitcoin is trading at $22,845 this morning, down by around 2% over 24 hours, while Ethereum - at $1,573 - is in the red by 2.9%.
Walkout Wednesday: The London bus and train services affected by this week’s strikes January 31, 2023 Hundreds of thousands of workers will go on strike in separate disputes over pay, jobs and conditions in what will be the biggest day of industrial action in more than a decade. Teachers, university lecturers, train drivers, civil servants, bus drivers and security guards in seven trade unions will stop work on the same day. [...]
Euro economy pulls ahead of UK reinforcing IMF dire recession warning January 31, 2023 The UK is trailing its European economic peers, fresh figures out today reveal, reinforcing the International Monetary Fund’s (IMF) warning that it will be the only rich country to contract this year. The eurozone economy – made up of the 19 countries that use the common currency – unexpectedly grew 0.1 per cent in the [...]
RBG Holdings shares plummet after professional services firm fires chief executive January 31, 2023 Shares in RBG Holdings today plummeted by more than nine per cent after the troubled professional services group said it had fired its chief executive. The AIM-listed professional services conglomerate said in a statement that its board has “lost confidence” in chief executive Nicola Foulston as it stated her “employment contract has been terminated with [...]
KPMG UK revenues soar to £2.72bn as chief rules out split January 31, 2023 KPMG’s UK business today posted double digit revenue growth for the second year in a row on the back of fast-paced expansion in its consulting and M&A deals advisory divisions. In an interview with City A.M., KPMG UK’s chief executive said the “very strong financial performance” signalled the strength of KPMG’s “multidisciplinary” model, as he [...]
UBS posts profits of £1.4bn as banking giant reaps rewards of cost cutting and a reported client exodus from rival Credit Suisse January 31, 2023 UBS beat analysts’ profit estimates as a drop in expenses and a significant influx of new assets helped offset a fall in revenue. UBS’s profits rose 23 per cent to $1.7bn (£1.4bn) in the fourth quarter of the year, ahead of an estimated $1.3bn. Net interest income at the Swiss lender fell year-on-year compared to [...]
UK unemployment figures could be three times higher than official figures with an ‘army of missing workers’ not accounted for – report January 31, 2023 The UK’s unemployment rate could be three times higher than government figures show due to widespread “hidden unemployment,” a report has warned. Official figures published by the UK’s Office for National Statistics (ONS) show there are just 1.2m unemployed people in Britain, leading to an unemployment rate of 3.7 per cent. However, the Centre for [...]
