After being fined, banks move to ban Whatsapp – but many worry it won’t work May 18, 2023 An increasing number of banks and financial services firms have banned their staff from using encrypted messaging apps such as Whatsapp for work purposes after regulators hit banks with hefty fines for failing to stamp out the practice. A survey by tech firm Global Relay found that 59 per cent of respondents, which included some [...]
Critics pour cold water on sewage companies’ apology for spills May 18, 2023 Critics have poured cold water on sewage companies apologising for spills as they prepare to invest £10bn in modernisation. The bid to clean up Britain’s waters comes in the wake of campaigning from environmental activists and locals over the scale of sewage spillages from big water companies. Water UK, the industry membership body, yesterday announced [...]
The London Stock Exchange has now passed the zenith of its global influence May 18, 2023 In an effort to eliminate financial risks through regulation, we've also eliminated returns. The London Stock Exchange is suffering the consequences of such a risk-averse approach, writes Roger Clarke
Let’s be honest, China won’t beat the West as it ignores the problems on its home turf May 18, 2023 The absence of free speech and political accountability has an economic impact in China. Beijing will stay important, but it won't surpass the West, getting older before it gets richer, writes Matthew Lesh
Ministers don’t seem to want a competitive tech sector, just a feel-good hill to die on May 18, 2023 If you were hoping for legislative proposals, which, at the very least, are honest in what they think of themselves, last week’s paper released by the government entitled “smarter regulation”, was as lacking in humility as it was in political nous. If you think about smart motorways and smart meters and all the other things [...]
‘We need to make equities sexy’: Aquis chief Alasdair Haynes talks taking on the London Stock Exchange and boosting the City May 18, 2023 Aquis chief Alasdair Haynes tells Charlie Conchie that 'competitive tension' with the London Stock Exchange would be a good thing for the Square Mile
Bosses of failed US banks say it was nothing to do with them May 17, 2023 The bosses of the three US banks that collapsed over the last few months have blamed a range of factors for their collapse – but not bad management. The heads of First Republic, Silicon Valley Bank (SVB) and Signature Bank all appeared in front of the Congressional committees over the last few days as lawmakers [...]
BCC boss pitches for new members in wake of CBI sexual misconduct scandal May 17, 2023 The boss of the British Chambers of Commerce (BCC) made a bold pitch for new members today after a raft of major FTSE 100 businesses left the Confederation of British Industry (CBI), which has been rocked by allegations of sexual harassment and rape. BCC chief executive Shevaun Haviland stressed “our voice is needed more than [...]
‘We know this has been painful’: Scottish Mortgage board defends strategy after bruising year May 17, 2023 Bosses at Bailie Gifford’s Scottish Mortgage Board Investment Trust admitted the last year had been “painful” today after a 33 per cent plunge in the value of its shares over the 12 months to March.
ASOS share price recovers slightly after Mike Ashley’s Frasers raises stake May 17, 2023 Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the Mike Ashley-owned sportswear retailer continues its drive into a more premium market. Frasers, formerly called Sports Direct, increased its stake in ASOS to 7.4 per cent from a prior stake of more than 5 per cent, as of [...]
