Investment research review plots a positive path forward July 20, 2023 Lord Holmes details an expert review of the state of investment research he believes will open greater opportunities for London.
Number of fraud cases falls from pandemic highs but remains sky high at 3.5m July 20, 2023 Fraud levels have returned to pre-pandemic levels but remain sky high, according to estimates from the Crime Survey for England and Wales (CSEW). The CSEW estimated that there were 3.5m cases of fraud in the year to March. This was roughly equivalent to pre-pandemic levels, with the CSEW arguing the pandemic fraud spike was not [...]
FTSE 100 close: Dovish Bank of England interest rate bets extend London gains July 20, 2023 London’s FTSE 100 extended gains today as traders continued to cheer signs that UK inflation may have finally turned a corner. The capital’s premier index hopped 0.76 per cent to 7,646.05 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly unchanged at 19,311.73 [...]
Explainer: What’s going on with Farage’s bank account July 20, 2023 Coutts, a prestigious private bank owned by Natwest, is under pressure after it emerged that Nigel Farage’s bank account had been closed, ostensibly for his political opinions alone. The story has caused a furore and, with politicians wading in, it could even spark a set of new rules which would prevent banks ‘debanking’ customers with [...]
Anti-strikes bill becomes law as unions vow to fight it ‘tooth and nail’ July 20, 2023 A law has been passed to curb the effect strikes can have on some key services. The Strikes (Minimum Service Levels) Act has been granted Royal Assent, having cleared both Houses of Parliament after a protracted battle over its impact. The law will allow ministers to impose minimum levels of service during industrial action by [...]
Ofcom warns mobile phone companies over pricey overseas charges July 20, 2023 Ofcom has proposed a set of new rules that would force mobile phone companies to tell customers when they are using potentially expensive texts, data and calls abroad. The telecoms regulator said that while many mobile phone operators already do, it is planning to make it obligatory for them to text customers when they travel abroad. [...]
Jaguar Land Rover confirms Mardell as new chief executive July 20, 2023 Jaguar Land Rover has appointed interim chief executive officer Adrian Mardell to the top job permanently, the company announced today. Richard Molyneux, who has served as acting chief financial officer since December, has also been permanently appointed to his role. Jaguar veteran Mardell, who was previously the firm’s CFO, was appointed as interim boss last [...]
City firms feel the pinch as FCA ramps up action July 20, 2023 The Financial Conduct Authority has tightened the screws on City firms over the past 12 months as it shut off nearly 30 per cent more companies than the previous year.
Toast of London! Archax celebrates ISO Award July 20, 2023 FCA regulated digital asset exchange Archax is toasting the award of its ISO 27001 certification.
Explainer: What of Ukraine’s grain now? July 20, 2023 First, Russia pulled out of the grain deal which had been guaranteeing safe exports of Ukrainian grain through the Black Sea. Moscow then started attacking grain terminals and port infrastructure in Odessa, one of the major ports in Ukraine. Missile attacks so far have destroyed around 60,000 tonnes of grain. Joseph Borrell, the head of [...]
