Exclusive: UK fraud is big business at £52bn each year, says financial crime guru September 15, 2021 Financial crime, fraud and hacking soared during the pandemic as criminals took advantage of behavioural changes during three strict lockdowns. In fact, fraud and cybercrime jumped by nearly a third in the last twelve months. Time for City A.M. to catch up with financial crime guru Richard Wood, a former Morgan Stanley fraud manager who [...]
Hikes to national insurance funds a level of public services we can’t afford September 15, 2021 The government’s plan to increase National Insurance has sparked the predictable furore. The pressures to raise taxes to pay for the level of public services the electorate have come to expect is hardly new. The welfare state was created immediately after the Second World War. For a time, the financial demands were held in check. [...]
Top 10 cheapest London postcodes revealed September 15, 2021 A postcode district in Thamesmead has been found to be the cheapest postcode district in London for property at an average cost of £387 per square foot. The cheapest postcode was SE28, in the local authority of Greenwich, Brexley, where properties are x0.58 the London average, according to data from Churchill Home Insurance. The nearby [...]
Are regulators starting to embrace digital assets? September 14, 2021 Writing for Crypto AM, Jonny Fry examines the regulation of cryptocurrencies and points to what a future under scrutiny could look like.
Exclusive: Estonia’s PM firmly rejects Bitcoin, despite fierce lobby from Coinbase and crypto industry September 14, 2021 Estonia is widely considered to be one of the most likely contenders to regulate crypto in the EU first. After all, welcoming Bitcoin and other virtual currencies into its payment infrastructure would fit in nicely with Estonia’s ambitious digital agenda and its much-talked about e-residency program. However, the country’s prime minister – Kaja Kallas – [...]
FTSE 100 and 250 fall flat as mining stocks drag September 14, 2021 The FTSE is down 0.48 per cent today at 7,034.42, falling by 33 points compared to yesterday’s close as mining stocks spurred losses. Industrial and energy mining companies dragged the index down. Evraz is down 4.12 per cent, Anglo American PLC shed 3.1 per cent while mining giant BHP dropped 2.6 per cent. Amid continued [...]
Opinion: England cricket chiefs should fight to reschedule fifth Test with India and reject alternative offer of two Twenty20 internationals September 13, 2021 England and India should today have been concluding the fourth day of the fifth Test in a series which reminded everybody that there is space for five-day cricket among the razzle-dazzle of The Hundred. Instead, the Test was called off. Covid concerns from India, similar to those expressed by England in South Africa last year, [...]
If your mini-bond seems too good to be true, it probably is September 13, 2021 Mini-bonds can be a tricky prospect. Even those of us being advised by independent financial advisors can get it wrong, with pitfalls for both issuers and investors. Maddox Legal is able to see the problems on both sides and help navigate these challenges. Corporate entities issuing bonds need sound advice on the structure of the [...]
Make the most of your properties with short letting September 13, 2021 If you’re thinking about relocating, are a frequent traveller or have a second home that’s often vacant, short-term rentals could provide a new source of income and possibly help you to take advantage of the increased freedom to work from anywhere. Under The Doormat has welcomed more than 12,000 guests since 2014 and fully manages more [...]
Emma Raducanu: British tennis sensation set to be inundated with sponsor offers following fairytale US Open triumph September 13, 2021 Emma Raducanu’s fairytale triumph at the US Open has not only made her the new darling of British tennis but also among the hottest properties in sport for sponsors. The 18-year-old from Bromley became the first Englishwoman to win a Grand Slam since Virginia Wade in 1977 when she beat fellow teenager Leylah Fernandez on [...]