As digital assets ready to mainstream, Governments respond May 19, 2020 Some may still think of digital assets as largely unregulated with little government oversight. But as consumer awareness and interest in digital assets grow, so does attention from policymakers around the world. This ‘attention’ has produced both praise and punitive action. Last month, three U.S. legislative bills were proposed calling for the creation of “Digital [...]
Catering giant Compass Group to raise £2bn to shore up finances during coronavirus crisis May 19, 2020 Catering giant Compass Group has launched a £2bn share offer this morning as it seeks to raise extra cash to strengthen its balance sheet during the coronavirus crisis. Compass, which is the world’s largest caterer, also scrapped its outlook for 2020, saying the coronavirus pandemic has had a “profound impact” on the company. Many of [...]
Regulator asks for mobile data in Credit Suisse spying probe May 19, 2020 Swiss regulators have asked for message data from the mobile phones of several Credit Suisse managers and supervisory board directors as part of an investigation into spying at the bank, Reuters reported citing sources. Switzerland’s financial watchdog FINMA is examining the culture and governance of the bank and whether management failures led to spying operations [...]
Micro Focus revenue drops 11 per cent as coronavirus disrupts new sales May 19, 2020 Enterprise software company Micro Focus expects an 11 per cent drop in revenue for the first half of the year, following disruption to new sales activity. The figures Micro Focus expects to report revenue of approximately $1.45bn for the first half of the year, an 11 per cent fall from the same period last year. [...]
How is investors’ trust amidst market uncertainty? May 19, 2020 During this time of heightened volatility, fear can dominate markets and obfuscate sound investment decision making. As the coronavirus crisis continues to place severe pressures on public health and the functioning of economies, the need for trust in the institutions and advisors that act on behalf of investors, as well as the financial system, is [...]
Government outlines new post-Brexit global trade tariffs May 19, 2020 The UK government has said that food and household appliances will be cheaper under a new post-Brexit trade tariffs regime set to begin in January. Britain will scrap all levies on £30bn of imports when it formally leaves the European Union at the end of the year. International trade secretary Liz Truss said the new [...]
Imperial Brands cuts dividend by one third as it anticipates coronavirus hit May 19, 2020 Imperial Brands has cut its dividend by a third as it seeks to save cash during the coronavirus pandemic. The cigarette maker reported lower-than-expected revenue for the first half of the year, and said it anticipates the impact from the coronavirus would be more pronounced in the second half of the year. The figures Reported [...]
The City View: From higher taxes to getting tough with China, how the pandemic will change politics, with Juliet Samuel May 19, 2020 In this episode Christian is joined by Daily Telegraph columnist Juliet Samuel, who believes that the current crisis will lead to big changes in politics and economics. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Juliet says the case for higher taxes on the rich will be made with growing force over the coming years and warns [...]
Party crasher: BBC launches new co-watching feature to rival Netflix May 19, 2020 The BBC has today launched a new feature that will allow people to watch and listen to programmes together even while they are separated. BBC Together allows people to access video and audio content from iPlayer, Sounds, Bitesize, News and Sport at exactly the same time. The feature, which has been launched by the broadcaster’s [...]
Shakespeare’s Globe at risk of collapse due to coronavirus crisis May 18, 2020 Shakespeare’s Globe has warned that unless it receives emergency funding it will collapse due to the “devastating” financial impact of the Covid-19 crisis. The London theatre, which has been closed since 20 March, told MPs it had run out of cash and was “critically vulnerable” in the wake of the pandemic. It said it would [...]
