UK watchdog blacklists five pensions advisors after high-risk scheme lost £50m May 9, 2022 The UK’s financial watchdog has blacklisted five pensions advisors and fined them more than £1m after their advice saw customers lose a combined sum of more than £50m. The UK’s Financial Conduct Authority (FCA) banned and fined the five men after they convinced more than 2,000 customers to put their pensions in high-risk funds, which [...]
Trafigura funds development of UK’s first lithium refinery May 9, 2022 Trafigura said it will fund the development of the UK’s first lithium factory for an undisclosed sum. The group explained that the refinery, operated by domestic start-up Green Lithium, will produce battery-grade lithium chemicals for the EU electric vehicle and battery industries. Under the agreement, the commodities giant will supply lithium feedstock an invest equity [...]
An A-Z of sustainability terms for investors May 9, 2022 Sustainability, once a fringe consideration, has become core for many investors. Impacts on the planet – such as climate change and biodiversity loss – and on people – for example through the treatment of workers – are in the news every day. We believe companies and countries that adapt to such issues and challenges should thrive. [...]
Oil prices slump as continued Chinese lockdowns hit demand expectations May 9, 2022 Oil prices tumbled heavily this morning, with waning demand in Asia and weak data in China prompting fears of supply shortage.
Could UK economy be more fragile than BoE believes? May 9, 2022 At its May meeting, the Bank of England’s (BoE) Monetary Policy Committee decided to raise interest rates by 25 basis points (bps) to a 13-year high of 1.00%. All nine members considered policy tightening to be appropriate given the strength of the labour market and persistence of domestic inflationary pressures. However, three policymakers went one [...]
Jet off to where well-heeled Athenians summer in Porto Heli, Greece May 9, 2022 THE WEEKEND: If you’ve done Crete, Corfu and Kos, follow royalty, billionaires and inthe-know A-listers to the Greek Riviera. Located on the eastern Peloponnese, pretty Porto Heli is known as the Hamptons of Greece and has been the holiday of choice for wealthy Athenians for years. It’s the ideal twin-centre break if you have time [...]
Bitcoin slips to three-month low as interest rate rises hit financial markets May 9, 2022 The price of Bitcoin (BTC) fell to a three-month low yesterday, dropping below $34k to its lowest level since late January of this year.
Northern Line Bank branch to reopen next Monday after seventeen-week closure May 9, 2022 THE CITY’S REBOUND from Covid-19 will receive a significant boost next week when the Northern Line’s Bank branch reopens. Stations from Moorgate to Kennington will welcome commuters again after a seventeen-week closure on Monday May 16. The work to upgrade Bank station has been completed on time and the new station is set to offer [...]
Paysafe teams up with Playtech as payments giant looks to arrest share price slide May 9, 2022 Paysafe has unveiled a new partnership with London-listed gaming tech giant Playtech today as bosses at the payments firm grapple with a plummeting share price.
Made snaps up boutique marketplace Trouva as homeware firm doubles down on growth plans May 9, 2022 Homeware firm Made has snapped up independent boutique platform Trouva, as it seeks to expand its product range. Trouva, which works with some 700 boutiques across Europe, will continue to be run as a standalone brand under its current leadership. In an update on the London Stock Exchange, Made said the acquisition would allow the [...]
