FTSE 100 close: Unilever helps London index squeeze out gains as traders eye Fed and ECB July 25, 2023 London’s FTSE 100 has squeezed out gains in a busy day of company announcements ahead of the summer slow down. The capital’s premier index edged 0.17 per cent higher to 7,691.81 points, while the domestically-focused mid-cap FTSE 250 index, which is a better reflection of the health of the UK economy, was broadly flat at [...]
City watchdogs risk ‘watering down’ London rules in red tape bonfire, FTSE bosses warn July 25, 2023 City watchdogs are at risk of “watering down” standards in the capital as the government throws its weight behind with a slew of reforms to the listings regime and capital markets, FTSE bosses have warned.
How policymakers can agree a way forward for the introduction of a CBDC July 25, 2023 Richard Gendal Brown, Chief Technology Officer of R3 looks at the pathways being set out towards the introduction of a CBDC.
Taxpayer to hand over £150bn to Bank of England to cover QE losses July 25, 2023 Taxpayers will have to foot a £150bn bill to cover cumulative losses on the Bank of England’s bond buying scheme over the coming decade, a new projection has claimed today. The Treasury is forecast to inject hundreds of billions of pounds into the central bank’s balance sheet to make up for a shortfall in its [...]
London Metal Exchange names new chief executive for clearing house as court verdict looms July 25, 2023 The London Metal Exchange has made fresh changes to its senior team, announcing a new chief executive for its clearing house.
London court gives green light to £2.7bn foreign exchange claim against six major banks July 25, 2023 The Court of Appeal ruled today that a £2.7bn class action claim relating to foreign exchange manipulation can proceed on an opt-out basis. The claim, brought by FX Claim UK, represents tens of thousands of participants in the foreign exchange market who suffered damages from the anticompetitive behaviour of six of the largest banks in [...]
Explainer: Elon Musk is tearing Twitter apart bit by bit July 25, 2023 Elon Musk might have already switched the beloved Twitter bird for his X logo online, but it’s proving a bit harder in real life. Yesterday, police stopped workers who were removing the Twitter sign from the headquarters company in San Francisco. Apparently, Musk had forgotten to notify security or the building owner of his plans. [...]
UK app developers sue Apple for £785m over alleged App Store monopoly July 25, 2023 UK app developers are suing Apple, alleging that the company’s App Store holds an unfair monopoly. Brought before London’s Competition Appeal Tribunal by competition law expert Sean Ennis, the lawsuit represents over 1,500 mobile app developers who are seeking £785m in damages. Apple charges a 15-30 per cent commission on some payments made through the [...]
Spotify subscribers hit a high as it hikes rate prices July 25, 2023 More Spotify listeners are tuning in to the app’s services than ever as the Swedish streamer cranks up its premium prices looking to bolster profits. Subscribers to the streamer’s premium ad-free service have leaped by 10m since the previous quarter, up to 220m, Spotify reported today in their second quarter earnings. Monthly active users also [...]
City of London approves new £600m skyscraper with 360 degree roof platform July 25, 2023 The Square Mile will get a shiny new skyscraper by the end of the decade, following planning approval from the City of London Corporation. At 284m, the new skyscraper at 55 Bishopsgate will be one of the tallest buildings in Europe and the third biggest in the City, behind 1 Undershaft scheme (305m) and 22 [...]
