Crypto markets take another hit amid darkening economic outlook September 20, 2021 It’s a sea of red across the cryptocurrency markets today, with Bitcoin falling below $45k for the first time since last Tuesday.
Labour plots crackdown on private equity tax loophole September 20, 2021 Labour will crack down on private equity bosses by closing tax loopholes on their bonuses if victorious at the next election. Shadow chancellor Rachel Reeves will today say that by ending the carried interest loophole, the government could raise another £440m in tax revenues. Carried interest payments are given as bonuses to private equity bosses [...]
CMA: UK businesses have until New Year to clean up greenwashing claims September 20, 2021 The UK’s competition watchdog has today given British businesses a deadline of the end of the year to resolve any misleading green marketing claims – so-called “greenwashing” – to avoid regulatory action. At the beginning of 2022, the UK’s Competition and Markets Authority (CMA) will carry out a full review of the environmental declarations made [...]
Why boosting physical activity is key to speeding up London’s pandemic recovery, by Prof Kevin Fenton of Public Health England September 20, 2021 In this guest column, Professor Kevin Fenton, London regional director at Public Health England, calls on businesses to prioritise employee health ahead of London Sport’s Active London conference this week. As we emerge from Covid-19 and set out to repair its impact globally, the success of London’s post-pandemic recovery will ultimately depend on the physical [...]
Morrisons moves into pub sector supply with marketplace partnership September 20, 2021 Supermarket Morrisons has made a move into the hospitality arena after teaming up with StarStock, an online marketplace for the on-trade. StarStock, which allows brands to sell direct to operators through its e-commerce platform, has partnered with the supermarket to allow it to supply pubs and restaurants. Restaurant operators will be able to have “direct, [...]
Post Office asks banks for extra £200m so customers can access cash September 20, 2021 The Post Office has asked banks for an additional £200m, as part of a new three-year deal, so customers can continue to access cash from Post Office counters, according to reports. The deal, set to begin in 2023, has seen the Post Office demand £800m from 30 high street banks to pay for the use [...]
City minister pledges ‘competitive tax rates’ for UK financial services sector ahead of Budget September 20, 2021 John Glen has promised that the UK’s financial services sector will benefit from “competitive tax rates,” ahead of the next Budget on 27 October, according to reports. “To be competitive, we have to have competitive tax rates and that’s what’s on the chancellor’s mind at the moment,” the City minister told the Financial Times, which first reported the [...]
Only nine days to go until the Crypto AM Summit and Awards September 20, 2021 A STELLAR cast has been assembled ready for the annual Crypto AM Summit and Awards in London at the end of this month.
Video games company Keywords Studio appoints new CEO September 20, 2021 The video games company has named Bertrand Bodson as its new chief executive officer, after Andrew Day forwarded his retirement plans. Bodson, who will be appointed as CEO in December, is currently the chief digital officer at healthcare provider Novartis. Prior to joining Novartis in 2018, Bodson acted as the chief marketing officer at Sainsbury’s [...]
Recognise Bank given green light to become UK’s newest bank September 20, 2021 Recognise Bank is to become the country’s newest bank after being granted a banking license. Deposit restrictions on the digitally led bank have been lifted by the Prudential Regulation Authority, according to Recognise parent company City of London group (COLG) The bank will launch its personal and business savings products and start taking deposits with [...]
