Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
Controversial Wimbledon expansion plans get green light September 27, 2024 Wimbledon’s controversial expansion plans have been given the green light by the Greater London Authority. The decision taken by Jules Pipe, London’s deputy mayor for planning, means the All England Club’s proposal to build 39 new courts, including an 8,000-seat show court, on the adjacent former Wimbledon Park Golf Club and nearly triple the size [...]
FCA to ‘intensify engagement’ with City over controversial ‘name and shame’ plans September 24, 2024 The Financial Conduct Authority (FCA) is planning to "intensify" its engagement with the City in the coming months over controversial plans to ‘name and shame’ firms under investigation.
FRC: Reporting gap between FTSE 350 and AIM widening September 24, 2024 The Financial Reporting Council reported that there is evidence that in corporate reporting, the gap between FTSE 350 and other companies is widening
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Post-Brexit regulation caused ‘three lost years’ of infrastructure investing September 19, 2024 The outdated post-Brexit regulation around investment trust cost disclosure set the UK back by three years on infrastructure, asset manager Abrdn has revealed.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.