Ex Bank of England governor Mark Carney set to join Cultivo board September 22, 2022 Mark Carney, former governor of the Bank of England, is set to join the board of directors at Cultivo, the climate-focused fintech announced today. Carney will sit on Cultivo’s board as an independent board member whilst he continues in his current job as the Vice Chair and Head of Transition Investing at Brookfield Asset Management. [...]
Letters: Online safety is back, back again September 22, 2022 [Re: Online safety rules for tech firms must encourage – not restrict – future growth, August 31] The Online Safety Bill, a landmark piece of legislation which has been five years in the making, has stirred up a lot of debate in recent months and is being watched closely by regulators all over the world. [...]
Link faces £50m fine over Woodford fund’s collapse September 21, 2022 The UK firm that managed Neil Woodford’s flagship investment fund is facing a £50m fine over its running of the fund before its collapse in 2019. The UK’s Financial Conduct Authority (FCA) has issued a draft warning notice against Link Fund Solutions Ltd (LFS) indicating it could be forced to pay £306m in costs and [...]
Biden underlines his commitment to NI Protocol as he meets with Truss September 21, 2022 Joe Biden has emphasised his commitment to the post-Brexit Northern Ireland Protocol before his meeting with Liz Truss, telling the Prime Minister he wanted to hear “what’s on your mind”. The US President said in a short statement before the pair’s first bilateral meeting that the UK was the US’ “closest ally in the world” [...]
Suez strikes £1.75bn deal to buy back UK waste management from Veolia September 21, 2022 French utility Suez SA has struck a €2bn (£1.75bn) deal with Veolia Environment to buy back the UK waste management business it agreed to sell off to its rival last January. Suez has scuppered Macquarie’s bid to buy the British unit after the Australian asset manager struck a deal to acquire the UK business for [...]
Federal Reserve backs third jumbo rate hike to unpick inflation out of US economy September 21, 2022 The Federal Reserve backed a third successive jumbo-sized interest rate hike today as it scrambles to unpick inflation out of the US economy. Chair Jerome Powell and co hoisted the global financial system’s most important rate 75 basis points to between three and 3.25 per cent. Wall Street edged lower after the move. The tech-heavy [...]
Aleph’s dim light is one of brightest stars in this week’s crypto sky September 21, 2022 Few cryptocurrencies have performed for investors this week, but one minor alt-coin – Aleph – has shown some lively signals.
RAC calls on Big Four supermarkets to pass on savings to customers September 21, 2022 Motoring group RAC has accused the Big Four supermarkets of failing to pass on drops in wholesale costs to drivers.
Trussonomics will certainly challenge the dull orthodoxy of declinism September 21, 2022 Is Britain gripped by the orthodoxy of managed decline? It does appear so. Yesterday saw the Institute of Fiscal Studies, the respected economic wonk shop, bemoan Liz Truss’ tax cuts as piling on debt in a time of poor economic growth. Another, the Institute for Public Policy Research, has rubbished the idea that tax cuts [...]
London’s FTSE 100 bumps higher after government halves firms’ energy bills September 21, 2022 London’s FTSE 100 bumped higher today as investors digest the details of the government’s energy support package for UK businesses. The capital’s premier index climbed 0.63 per cent to 7,237.64 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, rose 1.01 per cent to 18,714.67 [...]
