Castore founder Tom Beahon on swapping life in the City and as a footballer to start fast-growing British premium sportswear brand March 12, 2021 Steven Gerrard wasn’t the only Liverpudlian celebrating when his Rangers team returned to the summit of Scottish football last weekend. Watching at home on Merseyside were Tom Beahon, 31, and brother Phil, 28, the founders of British sportswear brand Castore. Last year, Castore signed Rangers as their first football client. On Sunday, they toasted the [...]
Budget 2021: Sunak to outline post-Brexit regulatory shakeup for the City of London March 2, 2021 Rishi Sunak will outline plans to improve the City of London’s post-Brexit competitiveness in tomorrow’s Budget as he releases a highly anticipated report from the UK’s former EU commissioner for financial services. Sunak is planning to create a new stock listings regime in London to compete with other global financial centres that have benefited from [...]
Kalifa Review: UK Fintech competition must play out on the global stage, not the national February 26, 2021 It’s a well-known fact that the UK is a global leader in Fintech, and that London sits at its helm. In 2020 alone, UK Fintech attracted $4.6 billion of venture capital investment, and some 44 per cent of Europe’s Fintech companies valued at over $1 billion (tech unicorns), hail from the UK. What is less [...]
Brexit gives us the chance to refit our financial regulation for the 21st century February 17, 2021 Britain’s departure from the European Union has created a unique opportunity to re-shape our regulatory framework for financial services; setting the sector up for continued success in the years to come and maintaining the UK’s position as a globally competitive financial centre. With Brexit complete – and many regulatory powers returning to the UK for [...]
Almost half of UK exporters hurt by Brexit, says new survey February 4, 2021 Almost half of Britain’s exporters have been negatively affected by the end of the Brexit transition period on 1 January, according to a new survey. The YouGov/HSBC poll found that 42 per cent of exporters said the UK’s exit from the EU’s single market and customs union on 31 December had a “negative impact” on [...]
Best of travel: Eating and drinking with the St Petersburg locals February 3, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Ashwin Bhandari’s trip to St Petersburg, the cultural heart of Russia. Read more: Jaguar XF P300 review: revitalised luxury at a surprisingly low price ••• There are not many places that have left me [...]
Fed maintains monetary policy that helped bitcoin grow as BTC’s decentralization improves February 1, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved from around $34,000 to a low under the $30,000 mark before the cryptocurrency’s price recovered. It’s now trading at $34,000. BTC has been ranging between $30,000 and $40,000 for about a month now. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week above $1,400 [...]
Bill Browder: Navalny has sparked something – the West shouldn’t stand by January 31, 2021 Once the largest foreign investor in Russia through his Hermitage Fund, Bill Browder is now a global campaigner focussing the world’s attention on Vladimir Putin. His efforts have seen so-called ‘Magnitsky Acts’ placed on the statute book across the world, named after Browder’s former lawyer – who, most agree, was murdered in Russian custody as [...]
EU opens up to US clearing houses in blow to City of London January 27, 2021 Brussels will allow US clearing houses operate throughout the EU in what could be a blow to the City of London’s largest clearing agencies. The European Commission announced today that it had decided that the US’ financial regulator’s rules was equivalent to the EU’s around clearing houses. This means the EU will now allow Wall [...]
Amazon halts alcohol sales in Northern Ireland following new Brexit customs rules January 27, 2021 Online retail giant Amazon has halted sales of wines, beers and spirits in Northern Ireland as it prepares to de-list more products under new Brexit customs rules. The company is concerned that excise duty will now have to be paid twice on alcohol shipments sent from British mainland across the Irish Sea. Amazon suspended orders [...]