Brexit: Sigh of relief in the City as Brussels extends clearing deadline for EU banks and finance firms until 2025 January 19, 2022 Brussels has climbed down from a deadline to pull European finance firms’ access to London clearing houses, the bloc’s finance chief announced today. Europe is planning on extending temporary permits allowing banks, brokers and fund managers on the Continent to use UK clearing houses until June 2025. The news was first reported by the Financial [...]
M&C Saatchi finance chief resigns as firm fights off hostile takeover January 19, 2022 M&C Saatchi has suffered a setback in its bid to fend off a hostile takeover after Chief Financial Officer Mickey Kalifa handed in his resignation.
Crypto markets maintain a steady course alongside the S&P 500 January 19, 2022 A flat week in the crypto markets goes on, as Bitcoin continues to consolidate within a narrow range of $41-43k.
Letters: Calling time on China’s influence January 19, 2022 [Re: MI5 outs alleged Chinese spy funding UK MPs, Jan 14] What this shows is the authoritarian Chinese regime’s arrogance. After occupying Tibet, Xinjiang and Inner Mongolia for decades, China has now become emboldened to crush the people of Hong Kong because they see there is nothing much the UK and other countries can do. [...]
Palihapitiya-backed Spac agrees merger amid Uyghur backlash January 19, 2022 A SPAC backed by billionaire Chamath Palihapitiya has agreed to merge with a healthcare firm amid backlash this week over comments on China’s Muslim Uyghur population.
Pearson ups profit expectations as it gears up for new offerings January 19, 2022 Pearson raised its full year guidance this morning, following a strong financial performance in 2021, with group sales up eight per cent.
Boris Johnson faces rebellion as 2019 MPs try and force no-confidence vote January 19, 2022 Boris Johnson will try to save his premiership today as he faces a mounting rebellion from 2019 intake MPs trying to force a no-confidence vote in his leadership of the Conservative party. Johnson will appear at Prime Minister’s Questions (PMQs) today with rumours swirling that he is about to face an imminent challenge to his [...]
Dairylea ad banned for showing children eating upside down January 19, 2022 A Dairylea ad, which showed two young girls hanging upside down, has been banned by the advertising watchdog for condoning unsafe behaviour for children.
Former KPMG partner fined £150,000 for misleading regulator January 19, 2022 Britain’s accounting watchdog has fined former KPMG partner Stuart Smith £150,000, after he admitted misleading the regulator during a spot inspection. Smith and KPMG admitted misleading the UK’s Financial Reporting Council (FRC) during its inspection of an audit of data management firm Regenersis’ financial statements. Smith will also be banned from the Institute of Chartered [...]
Atempo Growth launches debt fund with $200m raise to tap into European tech January 19, 2022 Growth debt platform Atempo Growth has announced the launch of its debut fund in London with commitments of over $200m.
