Coinbase expands institutional crypto asset storage internationally January 30, 2020 Coinbase is expanding its institutional crypto asset storage service internationally, establishing an office in Ireland in a bid to capitalise on growing demand for digital currencies from institutional investors. Coinbase Custody International will be based in Dublin, expanding an existing office in the city. While its main arm, based in San Francisco, does serve Europe-based [...]
Leadsom tells business ‘we need you by our side’ as Britain leaves EU January 29, 2020 Andrea Leadsom tonight told leaders of some of the biggest firms in the UK that government “absolutely need business by our side”, as Downing Street gears up for life after Brexit. Cracks in the relationship have been emerging between industry and Boris Johnson’s team in Number 10, which has drawn heavily from the successful Vote [...]
City economists urge Bank of England to avoid interest rate cut January 29, 2020 For the whole of 2019, the Bank of England’s monetary policy committee (MPC) held interest rates steady despite a slowing economy as parliament wrestled with Brexit. Yet with Britain now leaving the EU, there is a real possibility the MPC will cut rates for the first time in four years tomorrow, in what will be [...]
Labour’s executive shifts blame for election loss away from Corbyn January 29, 2020 Labour’s executive team has sought to blame Brexit and “four years of unrelenting attacks” on Jeremy Corbyn for the party’s worst performance in 80 years, a leaked document reveals. A report written by election co-ordinators Andrew Gwynne and Ian Lavery and circulated at a meeting of the National Executive Committee, said it would be “unrealistic” [...]
Budget airline Wizz Air boosts profit guidance on strong passenger growth January 29, 2020 European budget airline Wizz Air today increased its profit guidance for its financial year to between €350m (£296m) and €355m on strong third quarter results. The carrier said today passenger numbers grew 23.2 per cent in the the three months to 31 December compared to the same quarter the previous year. Net profit for the [...]
Friday marks the end of the beginning of the Brexit battle January 29, 2020 One of Winston Churchill’s many gifts was his ability to summon the force of his rhetoric as a means of divining the feeling of the British nation. His passionate invocations in the dark days of the summer of 1940, when the UK stood alone against the Nazi menace, were masterpieces of fighting spirit, helping to [...]
The taxman cometh: 6 tips to help you complete self-assessment tax return January 29, 2020 This Friday marks the end of a process that many have found divisive, emotionally draining, expensive, and time-consuming. No, I’m not talking about Brexit. Friday 31 January is the deadline for completing your self-assessment tax return — the bane of existence for freelancers, the self-employed, and anyone who earns extra income outside their basic salary. [...]
UK hiring confidence climbs after election January 29, 2020 UK businesses’ confidence in their hiring decisions grew in December, according to new survey data, in another sign that firms have been buoyed by the General Election outcome. Confidence among employers in the economy rose to minus 31 on the Recruitment and Employment Confederation’s (REC) scale in the October to December period from minus 33 [...]
London investors brace themselves for a volatile 2020 January 29, 2020 The majority of London investors feel that the international political landscape is making the markets more volatile, according to new research. A survey commissioned by trading broker HYCM found that 71 per cent of London investors felt that international politics was increasing volatility. It compares to 57 per cent of all respondents. As a result, [...]
UK’s botched £46m Brexit ad campaign ‘had little impact’ January 28, 2020 Boris Johnson’s aborted ad campaign urging people and businesses to prepare for Brexit did not have a “significant” impact, according to the public spending watchdog. The government originally pledged £100m for its ‘Get Ready for Brexit’ campaign, promising an advertising blitz across billboards, TV and radio ahead of the 31 October deadline. But the campaign [...]