Bank of London: Questions persist over unicorn’s finances and governance September 24, 2024 In the span of just two weeks, fintech "unicorn" The Bank of London has gone from relative obscurity to being thrust into the public spotlight for all the wrong reasons.
Fidelity and Abrdn among backers of new investment platform trade body September 22, 2024 Fidelity and Abrdn are among the big names to have joined a new trade body for online financial sites as the industry faces regulatory scrutiny and a government shake-up.
Two of Mike Ashley’s brands face audit problems after payroll data goes missing September 22, 2024 Two fast-fashion brands at Mike Ashley’s Fraser Group, I Saw it First and Choice, have been affected by audit issues after their payment data could not be verified. Auditors Cooper Parry were unable to verify £7m of wages and salary payments at I Saw It First, according to This Is Money. The fast-fashion brand said [...]
Lloyd’s of London names Treasury veteran Charles Roxburgh as chair September 19, 2024 Lloyd's of London has named Treasury veteran Charles Roxburgh as its next chair, taking over one of the City's most prestigious posts from Bruce Carnegie-Brown.
Post-Brexit regulation caused ‘three lost years’ of infrastructure investing September 19, 2024 The outdated post-Brexit regulation around investment trust cost disclosure set the UK back by three years on infrastructure, asset manager Abrdn has revealed. Cost disclosure rules, which required investment trusts to ‘double dip’ their fee reporting, have finally been lifted by the government and the Financial Conduct Authority today, leaving the trust industry overjoyed. “What’s [...]
London developer seeks planning approval for delayed Earls Court project September 17, 2024 The Earls Court Development Company (ECDC) has officially submitted its long-awaited plans for the first phase of redevelopment for its central London site.
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
Bank of London shakes up City advisers after row with taxman September 9, 2024 The Bank of London launched an emergency effort to contain the controversy surrounding the fintech over the weekend as it was hit with a winding-up petition over unpaid taxes shortly after its chief executive stepped down.
MP ‘profoundly sorry’ for alleged ‘pretty serious faults’ in flats he rents out August 31, 2024 A newly elected MP has said he is “profoundly sorry” for alleged “pretty serious faults” in some of the flats he rents out.
If proxy advisers can rattle Jamie Dimon, what chance do smaller firms stand? August 28, 2024 The power of proxy advisers has been enough to disturb big firms like JP Morgan and Astrazeneca, so what hope do the smaller players have?