Keir Starmer only halfway there on persuading business of his merits September 27, 2022 It is hard to imagine a more friendly wicket for Keir Starmer to have turned up to at Labour conference. A party broadly united behind him, and a government that (fairly or unfairly) is being blamed left, right and centre for precipitating a currency crisis and a drastic increase in the value of borrowing. We [...]
TP Icap under pressure to sell off high-margin Parameta data division September 27, 2022 FTSE 250 finance firm TP Icap is facing pressure from some of its biggest shareholders to break itself up by selling off its high margin data division. Several of the firm’s most important institutional investors have begun talks about pressing TP Icap into exploring a formal sale of its Parameta analytics business, Sky News reported. [...]
Bank of England chief economist warns of ‘significant’ response to market turmoil September 27, 2022 The Bank of England’s chief economist today rushed to calm the City by promising a “significant” response to the UK market turmoil. Huw Pill said it is hard “not to conclude” the Bank must hike interest rates steeply at its next meeting on 3 November after markets were rocked by chancellor Kwasi Kwarteng’s tax cuts and [...]
Solicitors’ watchdog fines Woking law firm £2,000 over money laundering failures September 27, 2022 The UK’s solicitors’ watchdog has fined Woking law firm Buglear Bate & Co £2,000 over claims it failed to put in place policies to prevent money laundering and terrorist financing. The Solicitors Regulation Authority (SRA) fined the firm £2,000 and ordered it to pay £600 in costs after it admitted failing to comply with money [...]
IMF “monitoring developments” in UK after currency fall and mini-budget September 27, 2022 The International Monetary Fund gave Kwasi Kwarteng and Liz Truss a slap on the wrist this evening, with a spokesman saying it did not “recommend large and untargeted fiscal packages” amid inflation concerns. The warning from the IMF comes after another day of currency fluctuations, triggered by a so-called ‘mini budget’ of tax cuts announced [...]
Block Russian oligarch from spending frozen funds, High Court told September 27, 2022 The UK’s National Crime Agency (NCA) is seeking to block sanctioned Russian billionaire Petr Aven from using £1.5m in frozen funds stored in bank accounts linked to two companies responsible for managing his central London properties and Surrey estate. The £1.5m funds were frozen by the NCA in May after HSBC and Monzo Bank raised [...]
Back Soldier to take High rank under in-form Vincent Ho September 27, 2022 JOCKEY Vincent Ho has started the season with a bang. The 32-year-old, and regular pilot of Hong Kong champion Golden Sixty, has started the campaign with a flurry of winners, partnering at least one at each of the five race meetings, with only Zac Purton above him in the jockeys’ championship. Half-a-dozen winners already this month suggests that Ho has got his [...]
Bentley can soar to victory aboard Comet Splendido September 27, 2022 HAPPY Valley hosts a fiendishly difficult eight-race programme today where it will be hard to predict who will start favourite in the majority of races, never mind who is going to win them! The big news to come out of Hong Kong racing this week was that ‘Magic Man’ jockey Joao Moreira will be sidelined for at least [...]
London’s FTSE 100 dragged down by house builders as more rate hikes loom September 27, 2022 London’s FTSE 100 fell today driven lower by house builders tumbling on the prospect of higher interest rates. The capital’s premier index lost 0.52 per cent to drop to below 7,000 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, tumbled 2.36 per cent to [...]
Revolut wins full crypto authorisation from City regulator September 27, 2022 Revolut has secured authorisation to provide full crypto services in the UK after months of wrangling with the City regulator as it waited on a temporary register.
