New man at CEX.IO to head up financial crime department May 13, 2021 Leading international crypto exchange CEX.IO has brought in Mark Taylor as its new Head of Financial Crime.
London Covid test capacity spikes half a million a month as Prenetics boosts capacity May 13, 2021 Rapid test developer and manufacturer Prenetics has bolstered its London lab network ahead of its partnership with Virgin Atlantic where it will supply passengers with Covid-19 testing. With demand for rapid testing expected to soar in demand now that foreign travel will be allowed from 17 May and online booking platforms reporting a surge in interest for Vitamin D-doused destinations, the [...]
Competition watchdog warns travel firms over summer holiday refunds May 13, 2021 The UK’s competition watchdog has today warned package holiday firms that they will be in breach of the law if they do not give passengers refunds if holidays are cancelled this summer due to the pandemic. Last summer the Competition and Markets Authority (CMA) received thousands of complaints from frustrated holidaymakers who were unable to [...]
Ethics adviser probe into Boris Johnson’s flat refurb to report by end of May May 13, 2021 An investigation by the government’s new ethics adviser into who initially paid for the £58,000 refurbishment of Boris Johnson’s Downing Street flat will report back by the end of the month. Lord Christopher Geidt, recently appointed by Johnson as the ethics adviser for ministers, told MPs today that he was “in the process” of receiving [...]
FCA looked at Greensill two months before its collapse May 13, 2021 The City regulator started to examine supply chain finance firm Greensill months before its collapse, it has emerged. The head of the Financial Conduct Authority told MPs on Wednesday that the regulator had had “very detailed preparatory thinking going on during January and February” before Greensill’s collapse in March. Greensill Capital was the brainchild of [...]
Balfour Beatty names broadcast boss Lord Allen as new chair May 13, 2021 Infrastructure firm Balfour Beatty this morning announced that businessman and broadcaster Lord Charles Allen would become its next chairman. The FTSE 250 firm said that Allen, a former chief executive of ITV and Granada, would take over as chair in July. A Labour peer, Allen has also been chairman of ISS and EMI Group, as [...]
Residential landlord Grainger confident in future of London’s ‘attractive’ rental market May 13, 2021 Residential landlord Grainger said it is confident in London’s ability to bounce back from the coronavirus pandemic, despite slumping rental prices in the capital. The FTSE 250 developer said this morning that its “conviction in London’s rental market remains”. “As a leading city, London will continue to be an attractive location to live in and [...]
Elon’s Bitcoin ‘energy concerns’ cause havoc, but are they all they seem? May 13, 2021 Elon Musk's meddling in the price of cryptocurrency took another twist last night as the Tesla boss announced a backtrack on accepting Bitcoin.
BT: Investors unenthused by £2bn pension funding deal as shares drop 6.3 per cent May 13, 2021 BT today announced plans to bring full-fibre broadband to an extra 5m homes as the financial burden of its pension deficit eased. The telecoms firm struck a new deal for its pension, which is one of the biggest in the country at £7.98bn. Some £2bn of deficit will be met through an asset-backed funding arrangement [...]
Government calls Sage meeting to discuss threat to UK of India’s Covid-19 variant May 13, 2021 Government calls Sage meeting to discuss threat to UK of India's Covid-19 variant
