BitcoinPoint becomes UK’s first FCA registered crypto asset firm with ATM cash-out facility December 3, 2021 London-based fintech firm BitcoinPoint has secured approval from the Financial Conduct Authority (FCA), obtaining a Registered Cryptoasset Firm Licence
Learn the right lessons from Australia’s barmy shutdown December 3, 2021 It is hard to say whether history will look warmly, or otherwise, on Australia’s response to the Covid-19 pandemic. When the virus first emerged, the country shut down – and shut down hard. It is only in recent weeks that even Aussies, of whom there are so many in London, were even able to contemplate [...]
Ministers postpone rail fare increase following HS2 cuts backlash December 2, 2021 A UK Government announcement regarding a 3.8 per cent increase in rail fares from March was postponed last week following the backlash caused by the slashing of rail investments in the north. Rail fares in England and Wales will see the biggest increase in nine years, the Guardian reported exclusively after seeing leaked documents. A [...]
Abrdn ramps up digital push and seals the £1.5bn deal for Interactive Investor December 2, 2021 FTSE 100 asset manager abrdn has finalised its £1.5bn takeover of Interactive Investor, the UK’s second-largest fund supermarket, in its third major digital investment this year. In a deal that adds Interactive Investor’s over 400,000 customers and assets under administration of around £55bn to its portfolio, abdrn will acquire 100 per cent of the platform’s [...]
British icon Selfridges becomes Thai: Weston family agrees £4bn sale December 2, 2021 Selfridges’ owner the Weston family has agreed to sell the iconic high-end department store chain to Thai private conglomerate Central Group for £4bn. The Canadian billionaires have reached an agreement with Central Group in the last few days, hoping to close the deal by the end of the month, the Times reported. Founded by American [...]
Black Friday sales failed to boost retail footfall last month December 2, 2021 Black Friday sales failed to entice more shoppers out to UK retail destinations, according to the latest data. Footfall worsened slightly during November to 14.5 per cent below 2019 compared with being down 13.4 per cent on pre-pandemic levels in October, according to Springboard data. The month as a whole was impacted by a relatively [...]
Car retailer Cazoo expands into France and Germany following second-hand car boom December 1, 2021 European car retailer Cazoo has expanded into France and Germany, with the online company plotting to grow its inventory of cars. Cazoo now employs more than 3,800 people across the UK, France, Germany, Spain and Portugal, as it looks to expand its offer across the continent. The company has seen a revenue boom thanks to [...]
London’s Oxford Cannabinoid Technologies to launch twin US listing December 1, 2021 London-listed Oxford Cannabinoid Technologies (OCTP) is set to open a twin listing in the US to ensure investors have “easier access”. Investors were seemingly pleased with the move, as OCTP’s share price surged 17.9 per cent by mid-afternoon. Landing on the US’ OTC Equity Market under the ticker OCTHF, the cannabinoid pharmaceutical firm said that [...]
Gymshark to open first physical store on Regent St December 1, 2021 Online clothing retailer Gymshark has announced plans for its first physical store on Regent St, London. The fitness apparel firm will open its first physical bricks-and-mortar site at 165 Regent St, which boasts 180,000 square feet. The firm is eyeing an initial public offering over the next few years after racking at 17m customers across [...]
Crypto.com snaps up two exchanges from IG Group for $216m December 1, 2021 Crypto.com plans to purchase two exchanges from London-listed fintech IG Group in a $216m deal expected to close in the next six months.