British gunboats will continue to patrol Jersey as French fishing boats leave May 6, 2021 Two British naval ships will remain off the coast of Jersey and patrol the waters, after a flotilla of 60 French fishing boats ended their protest this afternoon. Two armed Royal Navy boats, the HMS Tamar and HMS Severn, were sent by Boris Johnson last night to patrol waters around Jersey amid a protest by French [...]
Drinking around the world: Take a trip to Lanzarote, wine paradise May 6, 2021 The latest wine region to erupt onto the wine tourism atlas is Lanzarote, with the Canarian island hoping to be among the first destinations to revive European wine tourism. With travel restrictions lifting, a former investment banker and surfing instructor from Guernsey and a former GB Olympic swimming trials finalist from Sunderland want to make [...]
UK funds back in favour off the back of successful vaccine rollout May 6, 2021 After a long period of neglect, investors are finally warming to UK funds again off the back of the success of the vaccine rollout. The latest set of Investment Association figures show savers invested £472m into funds in the UK All Companies sector. It comes as the country starts to open up and investors pin [...]
FCA CEO: ‘We will not target EU equivalence deal at any cost’ May 6, 2021 The City regulator’s new CEO has said it will not target an EU equivalence deal for the City of London “at any cost”, although he admitted not securing a deal could see consumers offered reduced choice in some financial markets. In a speech delivered to the Association of Foreign Banks today, CEO Nikhil Rathi said [...]
Has Covid changed the shape of London forever? May 6, 2021 After a rollercoaster year and a half, our economy is preparing to burst back to life. Fuelled by the joint success of the vaccine rollout and our effort in the third lockdown, we are now fighting back against our invisible foe that has, and continues, to wreak havoc around the world. Yet, life as we know [...]
Odds slashed on Dogecoin hitting $5 as fans await Elon Musk’s Saturday Night Live debut May 6, 2021 Bookmakers are cutting the odds of Doge reaching $5 before the year’s out as fans of the ‘running joke’ cryptocurrency prepare to see if it gets mentioned by Elon Musk on Saturday Night Live.
FCA fines London boutique investment bank for failing to spot financial crime relating to cum-ex trading May 6, 2021 The City regulator has fined Sapien Capital £178,000 after it failed to carry out proper due diligence on a client likely participating in financial crime. Between 10 February and 10 November 2015, the boutique investment bank failed to have in place proper systems to find and mitigate the risk of being used to facilitate [...]
Irish government warns against the UK shielding Troubles soldiers from prosecution May 6, 2021 The Irish government has urged against the UK protecting former soldiers who served in Northern Ireland during the Troubles from facing prosecution, a foreign ministry spokesman said. It was reported by the Daily Telegraph yesterday that the UK government is looking to propose a ban on prosecutions of Northern Irish veterans, under new legislation to [...]
Bank of England leaves monetary policy unchanged but slows bond-buying May 6, 2021 The Bank of England’s Monetary Policy Committee has left its stimulus programme unchanged as it expects a faster economic recovery than previously anticipated. As expected the committee unanimously voted to keep interest rates at 0.1 per cent and by a majority to keep the size of its bond-buying programme unchanged at £895m. The central bank [...]
Gen Z question the integrity of business leaders May 6, 2021 Those aged between 18 and 25 have questioned the motives of the business world, with fewer than four in 10 believing business leaders have integrity and do what they say. Similarly, Gen Z was sceptical about businesses’ contribution to net zero, with just a quarter (26%) believing companies are contributing towards the fight against climate [...]
