The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
Rupert Murdoch’s 21st Century Fox takeover of Sky would be against the public interest, says Competition and Markets Authority (CMA) January 23, 2018 An initial report from the competition watchdog has found the merger of Fox and Sky in its current form would result in the Murdoch family and too much influence over public opinion and news providers in the UK. Rupert Murdoch’s 21st Century Fox plans to take control of the 61 per cent of shares it [...]
Boom time: Clear Bank founder Nick Ogden on his efforts to start a British banking revolution January 15, 2018 Even in the ancient world of City banking, 250 years is a long time. Yet that was how long the UK has had to wait for a new clearing bank until Nick Ogden launched Clear Bank out of the blue last year. A decades-long consolidation of clearing banks – which provide banking services to other [...]
Gina Miller is planning to sue the FCA over its lenient approach to new Mifid II regulation January 15, 2018 Brexit campaigner Gina Miller has once again stolen the limelight, with a plan to sue the City watchdog over its lenient approach to new regulation. Miller, who came to public fame after winning a high-profile case which ruled that parliament had to legislate before the government could begin to withdraw the UK from the EU, [...]
Open Banking explained: Everything you need to know about the initiative but were afraid to ask January 12, 2018 You'll be hearing a lot of talk about Open Banking, which is set for take off this Saturday. Here's everything you need to know about it but were afraid to ask. What exactly is Open Banking? The markets watchdog told nine of the biggest banks that they must open up the information they hold so [...]
DEBATE: Should we subsidise farmers for providing ‘public goods’, like protecting the environment? January 8, 2018 Should we subsidise farmers for providing ‘public goods’, like protecting the environment? Warwick Lightfoot, director of economics at Policy Exchange and lead author of Farming Tomorrow, says YES. Brexit presents a big opportunity to improve the way we support farming and put the consumer at the heart of food policy. The EU’s Common Agricultural Policy [...]
Intercontinental Exchange, Deutsche Borse and the London Metal Exchange granted last-minute reprieve from Mifid II futures rules January 3, 2018 The largest regulatory shake-up in a generation finally hit markets across Europe yesterday, but got off to a more turbulent start than European authorities expected. The UK’s finanial regulator and its German counterpart began the day by allowing three of the world’s largest exchange groups to delay the implementation of new rules, designed to boost [...]
The unprofitable reality of tobacco stocks December 28, 2017 Chestnuts may be roasting on an open fire – at least on the speakers of every shop we have visited since October – but here our focus is smoke. More precisely we will be considering its continuing disappearance as more and more people quit cigarettes – and what this could mean for tobacco companies and [...]
Open Banking: Here’s what fintech startups think of delays after HSBC, Barclays and more given deadline extension from CMA December 20, 2017 Entrepreneurs at fintech startups have been left little surprised after more than half of the UK’s banks revealed they would miss a deadline for Open Banking – but how they implement it is of more concern. Nine banks have been forced to make their data open to third parties – many of them fintech startups [...]
Five UK banks given Open Banking deadline extension by CMA December 19, 2017 Five UK banks have been given more time by the Competition and Markets Authority (CMA) to comply with Open Banking regulations. Barclays, Royal Bank of Scotland (RBS), HSBC, Santander and Bank of Ireland appealed to the CMA for a delay to the January deadline. Open Banking is a new digital standard that aims to give [...]
Why is Pakistan struggling to find its feet as a successful emerging market? December 18, 2017 The key dilemmas facing Pakistan’s equity market — a small investor base, few new listings on the Pakistan Stock Exchange (PSX), and shrinking turnover — are tied to the lack of trust among investors and issuers as well as unnecessary compliance and tax burdens. It will take greater professionalism among the intermediaries and the rationalization [...]