FCA told to stop cum-ex probe after judge questions regulator’s priorities February 24, 2021 An investigation into a trader involved in cum-ex transactions has been stopped, after a judge questioned the FCA’s apparent lack of commitment to probing the European tax scandal. City watchdog the Financial Conduct Authority (FCA) was ordered to pause its probe until 2022, after a separate court decides on a case brought by Danish tax [...]
Keir Starmer pushes Boris Johnson to rule out corporation tax rise February 24, 2021 Sir Keir Starmer has called for Boris Johnson to rule out a rise in corporation tax in next week’s Budget amid rumours Rishi Sunak could increase the rate to 25 per cent. Starmer said that “now is not the time for tax rises on families and businesses” at Prime Minister’s Questions (PMQs) today. The Times [...]
FTSE 100 creeps up as surging pound dents exporters February 24, 2021 The FTSE 100 crept back into the black today as the index’s exporters were hit by the pound rising to its highest levels since 2018. Having opened down 0.6 per cent at 6,599 points, London’s premier index was up 0.3 per cent at 6,643 points just after midday. The slight rise came as sterling neared [...]
City Corporation approves third tower in a month as developers back Square Mile’s future February 24, 2021 The City of London Corporation has today (24 February) approved a new 38-storey development at 2 Finsbury Avenue, making it the third tall building to receive planning permission in the Square Mile in 2021. The newly approved office-led development, by British Land and GIC, aims to become an innovative, inclusive and sustainable place to work, [...]
Third City of London skyscraper development gets planning green light February 24, 2021 Another skyscraper development has been given the go-ahead in the City of London, making it the third tall building scheme to get the green light this year. The City Corporation today granted developers British Land and GIC planning permission to build the 38-storey office block at 2 Finsbury Avenue. This year, 33-storey and 55-storey skyscraper [...]
Shakespeare: M&S’ Veganuary campaign pays dividends February 24, 2021 Supermarkets and food chains went all out for this year’s Veganuary challenge, which encourages participants to ditch meat and dairy for 31 days. Many launched new products, meal plans and websites with information on plant-based diets. More Britons are trying a vegan diet in January, with non-profit organisation Veganuary seeing a record 500,000 sign-ups to [...]
How stablecoins provide a blueprint for tomorrow’s money February 24, 2021 Tether CTO Paol Ardoino explains how stablecoins could provide a blueprint for the future of the world finance.
City Moves February 24th: Who is switching jobs in the Square Mile this week? February 24, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see appointments to the British Property Federation ahead of a pinnacle year for the high street. Deloitte has welcomed a fresh lead to the firm’s creative branch which launched in [...]
TGI Fridays expects casual dining competition to drop 30 per cent after widespread closures February 24, 2021 The owner of TGI Fridays’ UK restaurants said it expects the casual dining chain to perform strongly when lockdown restrictions are lifted as competition has dropped by up to 30 per cent due to widespread sector closures. Electra Private Equity said the business is “well positioned to emerge strongly from lockdown” into a market with [...]
Pound soars to pre-pandemic heights against euro amid vaccine rollout February 24, 2021 Pound soars to pre-pandemic heights against euro amid vaccine rollout
