Why we built a better Tether January 27, 2021 This week I had a long meeting with the FCA reviewing our fully regulated Peer to Peer savings and loan platform JustUs. The FCA has the unenviable task of trying to stress test the health of the financial services industry in the middle of a health and economic crisis via their quarterly “Covid19 Financial Impact [...]
EU opens up to US clearing houses in blow to City of London January 27, 2021 Brussels will allow US clearing houses operate throughout the EU in what could be a blow to the City of London’s largest clearing agencies. The European Commission announced today that it had decided that the US’ financial regulator’s rules was equivalent to the EU’s around clearing houses. This means the EU will now allow Wall [...]
Taper Tantrum 2: is there a sequel in the making? January 26, 2021 Sequels – occasionally they’re better (The Godfather Part II), but most of the time they’re worse. Often far worse (Jaws: The Revenge). As investors and economists look for the next market risks after the pandemic, some are now expecting a follow-up to 2013’s blockbusting Taper Tantrum. This sequel could even be coming to (trading) screens [...]
Toyota RAV4 Plug-in review: an expensive way to save money January 26, 2021 The Toyota RAV4 Plug-in is a part-electric, part-hybrid SUV with impressive fuel economy and emissions – but a high price tag.
Boohoo buys Debenhams brand and website for £55m – but stores set to close January 25, 2021 Online retail giant Boohoo has announced it will buy Debenhams’ brand and website for £55m, but will not rescue the high street chain’s stores or jobs. The deal – announced this morning – means Debenhams’ remaining 118 department stores will close down and could result in up to 12,000 job losses. Boohoo said the acquisition [...]
London house prices: Which exclusive areas suffered the biggest drop in property values? January 25, 2021 House prices in some of London’s most exclusive neighborhoods plunged due to the coronavirus pandemic, according to the latest research. Sold prices across prime central London postcodes have fallen 10 per cent since the start of the pandemic, while property values across the capital grew three per cent on average. The W1J postcode in Mayfair [...]
London first-time buyers undeterred by Covid and rising house prices January 25, 2021 First-time buyers in London were largely undeterred by the coronavirus pandemic and rocketing prices last year, the latest research found. London’s first time buyer figured dipped six per cent in 2020 as the housing market was closed for months during the first national lockdown. However the slump was the lowest in the capital compared to [...]
London developer extends stamp duty holiday to October January 21, 2021 London developer Galliard Homes has extended the stamp duty holiday by six months, with the property company footing the bill. The company has extended the holiday to 1 October, while the official government tax break ends on 31 March, amid industry-wide calls for the deadline to be delayed. Galliard Homes said the extension, which applies [...]
London house prices hit record highs due to impact of stamp duty holiday January 20, 2021 London house prices jumped at the end of last year, with average values breaking the £500,000 threshold for the first time. Average house prices in London rose four per cent between October and November last year, according to the latest official data. The annual price rise of 9.7 per cent took the average property value [...]
Crypto AM reshines its Spotlight on CUDOS – The infrastructure token for web 3.0 January 19, 2021 Back in September, I was invited to write an Industry Voices article for CryptoAM.io, titled; Timing a Token Launch. As a global community of crypto and blockchain enthusiasts, we had all been affected by the pandemic over the previous 6-8 months and so I took the opportunity to share why we had paused our token [...]