FCA gives tentative go ahead on Amigo’s compensation scheme March 24, 2021 The Financial Conduct Authority (FCA) has said it has no current plans to take further regulatory action against a compensation scheme set up by loans lender Amigo – though it has reserved the right to change its mind. The scheme was set up by Amigo to address compensation for indebted clients who complained about its [...]
Elon Musk allows customers to buy Tesla cars with Bitcoin March 24, 2021 Eccentric billionaire Elon Musk has allowed Tesla customers to pay with Bitcoin, should they want to. Early this morning Musk, who literally changed his job little to ‘Technoking’ of Tesla last week, tweeted: “You can now buy a Tesla with Bitoin”, and “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat [...]
E.ON proposes higher dividend as British business eyes £100m profit March 24, 2021 E.ON’s British retail businesses, which includes the Npower brand, is recovering faster than planned, and as a result the company has proposed a higher dividend. E.ON’s UK retail unit is likely to deliver more than £100m in profit this year, one year ahead of schedule. The German company, which became Europe’s largest operator of energy [...]
Barrister banned for six months for lewd sexual language towards trainee March 23, 2021 A barrister has been suspended from practice for six months after making lewd sexual comments towards a trainee who at the time was undertaking a mini-pupillage. The Bar Tribunals & Adjudication Service (BATs) found Robert Kearney, a veteran criminal barrister, had “failed to act with integrity” when he was in a position of trust. BATs [...]
Gut instinct and social media drives young people to risky investment decisions, warns FCA March 23, 2021 The financial watchdog has warned that young people are increasingly engaging with risky investments like foreign exchange and cryptocurrency, despite not having the capacity for loss if the investment goes wrong. The Financial Conduct Authority’s (FCA) research found nearly two-thirds (59%) of young investors claimed that a significant investment loss would have a fundamental impact [...]
UK unemployment rate drops slightly to five per cent March 23, 2021 The rate of unemployment in the UK fell slightly to five per cent from November 2020 to January 2021, some 1.1 percentage points higher than the same time last year.
Digitisation of the economy sped up PensionBee’s float plans March 23, 2021 The transition to a digitised economy sped up PensionBee’s plans to float on the stock market, an idea it first began to mull in 2016. This morning online pension provider PensionBee announced its intention to float on the London Stock Exchange. The IPO would comprise an offer to institutional investor and eligible PensionBee customers. More [...]
YouGov sees revenue rise amid demand for data March 23, 2021 Revenue at YouGov rose three per cent to £79m in the six months to 31 January 2021, marking a solid six months for the polling company. YouGov’s adjusted profit before tax rose 13 per cent to £13.6m, though its statutory operating profit was down 22 per cent to £7.4m. Revenue from its data products increased [...]
Apollo chairman Leon Black quits following review into his ties to Jeffrey Epstein March 22, 2021 Leon Black, chairman of Apollo Global Management, has agreed to step down from his post following an independent review of his ties with disgraced financier and convicted sex offender Jeffrey Epstein. New York City-headquartered Apollo Global Management has appointed Jay Clayton, former US Securities and Exchange Commission chief, as non-executive chairman. Black, who co-founded Apollo [...]
Linklaters offers voluntary redundancy to all legal secretaries and PAs in London March 22, 2021 Law firm Linklaters has offered voluntary redundancy to all 225 legal secretaries and business team personal assistants in London. It is understood there will be no compulsory redundancies, nor are there targets or plans to make redundancies at the firm compulsory. In a statement Linklaters said: “This is a voluntary programme which we are offering [...]
