City watchdog receives nearly two coronavirus complaints from whistleblowers per week November 30, 2020 The Financial Conduct Authority (FCA) has received 47 whistleblower reports on coronavirus-related conduct at financial services firms in the six months to 30 September, equivalent to nearly two complaints per week. Many of the reports were related to a lack of personal protective equipment (PPE) and non-compliance with the government guidance on social distancing. Other [...]
S&P Global agrees $44bn mega-deal for IHS Markit November 30, 2020 S&P Global has agreed a $44bn (£33bn) deal to buy data firm IHS Markit in a move that will create a new financial services giant.
Is Opec+ fraying at the edges? November 30, 2020 As the Opec summit gets underway in Vienna, there are signs that the consensus about overproduction levels may be fading. The UAE and other major producers have indicated frustration at the current state of production. They see Saudi Arabia and Russia, two of the world’s largest producers, determining energy policy bilaterally, apart from the rest [...]
Playing FTSE: How a global index was born in London November 30, 2020 It is now more than two decades since FTSE was founded – becoming common parlance not just in the City but across the business world. FTSE’s founder Mark Makepeace has teamed up with respected business journalist James Ashton to tell the story of the FTSE – and how it grew from nine people in an [...]
Healthcare Passports – Do they need Blockchain? November 30, 2020 From the airline industry to enterprises to friends and family, everyone wants to see things change to where we can spend time with others again.A central aspect is finding a safe and secure way to share your COVID-19 health status – The approach many are discussing is a digital ‘healthcare passport’. A lot of these [...]
BAE Systems lock and loads £2.4bn ammo deal November 30, 2020 Defence giant BAE Systems has today signed a £2.4bn contract to supply the UK’s armed forces with ammunition for the next 15 years. The Ministry of Defence said that the deal would support 4,000 jobs around the country over the next decade and a half. The Next Generation Munitions Solution (NGMS) will see BAE make [...]
Solving the crypto-fiat conundrum: how banks can offer a premium and trusted crypto-fiat service November 30, 2020 PayPal recently announced that it will enable US users to buy and sell crypto currencies in early 2021. This has immediately fueled the interest of traditional banks in the cryptocurrency market, convincing many that it is simply impossible to ignore the record-high investor interest in digital assets. Financial institutions see the hunger for legal crypto [...]
Return of fans to sport will encourage brands to lift the handbrake on big campaigns November 30, 2020 When The Beatles walked off-stage at Candlestick Park, San Francisco in August 1966 it would be another two and a half years until they played live. When they walked out onto the roof of Apple Records HQ on Savile Row a small matter of 885 days later, they launched straight into a brand-new track: Get [...]
Big moves November 30, 2020 Institutional Investment Market participants were caught off guard in the wake of the reports that Guggenheim Macro Opps fund has made steps to enter crypto markets. Specifically, Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up [...]
Retailers allowed to open 24 hours over Christmas period, says minister November 30, 2020 Retailers will be able to operate 24 hours during the Christmas period through a relaxation of trading rules in a bid to boost spending on the UK’s High Streets. Communities secretary Robert Jenrick wrote for the Telegraph that he wanted councils to temporarily waive rules that restrict the hours shops can stay open in the [...]
