Ladbrokes owner Entain faces another probe into anti-money laundering September 12, 2022 AFTER being fined a record £17m last month, Ladbrokes owner Entain is now facing an investigation from down under over potential anti-money laundering breaches. The investigation was announced this morning by the AUSTRAC – the Australian Transaction Reports and Analysis Centre – as part of an “extensive supervisory campaign covering the whole corporate bookmaking sector”. [...]
Energy bills is Kwarteng’s first priority, then we must claw back our dismal productivity September 12, 2022 A looming 15-month long recession. Highest debt burden since the 1960s. Biggest living standards shock on record. It’s not the best time to be managing the UK economy. But that’s exactly what newly appointed chancellor Kwasi Kwarteng has been tasked with. His problems can be split into three categories: short, medium and long term. Kwarteng’s [...]
The monarchy’s strength is the foundation of our prosperity in choppy waters September 12, 2022 The City is united in grief after learning of the death of Her Majesty the Queen. The Lord Mayor of the City of London spoke of our immense sadness and mourning. But it was also a time to reflect on Her Majesty the Queen’s momentous reign, one which was characterised by an unfaltering commitment to [...]
Keep momentum behind capital markets reform, Kalifa tells PM September 12, 2022 Ministers must keep the “continuity” and “momentum” behind capital markets reform in order to cement the UK’s standing as a global financial powerhouse, the author of a major government-commissioned review of fintech has warned.
Asos warn on profits as cost of living crisis hits consumers September 9, 2022 Asos has cautioned over profits after sales fell below expectations in August as consumers tightened their belts in response to rising bills. The online fashion giant said it saw “good growth” in June and July and expects total sales for the year to August 31 to remain within market expectations. However, it said it is [...]
Solicitors watchdog to crack down on SLAPP lawsuits, SRA chief says September 8, 2022 The head of the UK’s Solicitors Regulation Authority (SRA) has vowed to crack down on the use of spurious lawsuits to silence legitimate criticism. In an article in The Times, SRA chief executive Paul Philip said the watchdog is “committed to cracking down” on law firms using so-called ‘strategic lawsuits against public participation’ (Slapps). The [...]
Claimants pile into Dogecoin lawsuit against Elon Musk September 8, 2022 A $258bn lawsuit accusing Elon Musk of running a “crypto pyramid scheme” to bolster the price of Dogecoin has expanded to include seven new claimants and six defendants, including The Boring Company. The lawsuit, first filed in a New York federal court in June, accuses the world’s richest man of running a ponzi scheme by [...]
Commons Snapshot: Maybe we need a boring Prime Minister September 8, 2022 Spare a thought for Keir Starmer’s flack, who have spent the better part of two years slogging it out to make him look less boring. Turns out all they needed to do was to put him up against Liz Truss. There were a few solid one-liners from the new prime minister, but it was a [...]
Allwyn eyes up its American dream amid Camelot u-turn September 7, 2022 Following Camelot’s withdrawn legal battle over the National Lottery licence this week, Allwyn seems to be heading full speed ahead with its American dream, as well as its New York listing. Blank check firm Cohn Robbins Holdings Corporation (CRHC) announced this evening that its shareholders approved the business combination with Allwyn: paving the way for [...]
Jones Day to host fintech day in San Francisco September 7, 2022 Global law firm Jones Day has launched FinAccelerate - an accelerator program to help arm selected fintech start-up companies with legal knowledge.