Banning proof-of-work is the biggest threat facing Bitcoin April 21, 2022 Dr Chris Kacher suggests the game is rigged, and the world needs to push back against the proof-of-work naysayers.
Retail demand protected by shoppers using lockdown savings and buy now pay later services April 21, 2022 Consumer retail demand will be protected by shoppers dipping into lockdown savings and using buy now pay later services, despite increased pressure on household budgets. Economists have said consumer demand will not see a significant drop in the coming months despite tightening purse strings across the country. Evidence showed households were turned to credit to [...]
City Moves: Who’s switching jobs in the Square Mile? April 13, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. LHV UK Fintech and crypto banking services provider LHV UK has bolstered its board with an independent non-executive director. Stepping onto the board at the beginning of May, Keith Butcher joins the City based firm with a raft [...]
Spending cool down weighs on London-listed supermarkets April 12, 2022 Early signs of consumers pulling back on spending drove supermarkets lower today in the City, dragging down London’s top indexes. The capital’s premier FTSE 100 index dropped 0.55 per cent to 7,576.66 points, while the domestically-focused mid-cap FTSE 250, which is more aligned to the health of the UK economy, fell by the same amount [...]
City Moves: Who’s switching jobs in the Square Mile? April 12, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Rathbone Greenbank Investments Rathbone Greenbank Investments has hired a former investment analyst into a new role in the firm’s London office. Joining as impact manager, Marian Woodward will be responsible for identifying further impact investment opportunities for [...]
Retail sales slow as consumer confidence now lower than horsemeat scandal April 12, 2022 Retail sales slowed last month as consumer confidence has taken a hit as shoppers feel the bite of rising cost inflation. According to data from the British Retail Consortium (BRC) and KPMG, sales increased by 3.1 per cent in March. This was worse than a three-month average growth of 6.9 per cent. What’s more, retail [...]
UK’s audit watchdog set to reclaim control over licensing of major accountancy firms April 12, 2022 The UK’s audit watchdog is preparing to strengthen its powers to sanction Britain’s major accountancy firms. The Financial Reporting Council (FRC) is readying itself to take back control over the registration of the UK’s auditing firms, sources told the Financial Times. In doing so, the FRC would be given new powers to strip licenses from [...]
City Moves: Who’s switching jobs in the Square Mile? April 8, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Europa Capital Real estate investment manager Europa Capital has bolstered its asset management team with a new managing director, the firm’s 20th appointment in the past year. Rachel Hanke help over portfolio management, bringing nearly 20 years [...]
US audit watchdog hits former KPMG exec with largest ever fine for role in leaked info scandal April 7, 2022 The body that regulates the US audit industry has fined a former KPMG executive $100,000, after pledging to crack down on “top-level personnel” in America’s biggest accountancy firms. The US Public Company Accounting Oversight Board (PCAOB) issued a $100,000 fine to former KPMG vice chair of audit Scott Marcello, over his failure to prevent [...]
Bitcoin could minimise the threat of nuclear war April 7, 2022 Bitcoin is the 'weapon' that prevents attackers from denying people access to their property without resulting in war, says Chris Kacher.