Giving a helping hand to the unbanked with Kamari June 1, 2021 Crypto AM takes a look at African cryptocurrency Kamari and the KamPay wallet.
M&C Saatchi lifts forecasts after new client wins June 1, 2021 M&C Saatchi has lifted its forecasts for the full year as it hailed better-than-expected trading in the first four months of the year. The advertising group said business had been stronger than anticipated as the easing of lockdown restrictions sparked signs of a recovery in ad spend. The London-listed firm also secured business from a [...]
Clucky escape: Nando’s avoids £300m debt default May 30, 2021 Lenders have given Nando’s some breathing space to avoid it defaulting on a £300m debt pile after being hit hard by pandemic-led restrictions. Banks including NatWest, Barclays and Santander have agreed to waive the testing of loan covenants in May, the Telegraph first reported, a move that helped Nando’s avoid defaulting. Covid restrictions have seen [...]
IG signs up to sponsor England cricket teams in three-year deal May 26, 2021 City of London firm IG has signed a three-year deal to sponsor England’s cricket teams. The contract with the England and Wales Cricket Board (ECB) will see the online trading specialist support the men’s and women’s national teams. It will also mean IG branding appearing on the men’s shirt in Test, one-day and Twenty20 cricket. [...]
Nationwide launches £1m monthly prize draw for customers May 26, 2021 Millions of Nationwide Building Society customers will have the chance to win up to £100,000 in a new monthly prize draw, without having to do anything to take part. Those eligible will be automatically entered for the chance to win a share of a total £1 million per month prize pot. Britain’s biggest building society [...]
HSBC rules out move into crypto market over volatility concerns May 24, 2021 HSBC will not enter the cryptocurrency market, its chief executive has said, amid concerns over volatility and a lack of transparency. “Given the volatility we are not into Bitcoin as an asset class, if our clients want to be there then of course they are, but we are not promoting it as an asset class [...]
CBI: Bold changes needed after pandemic to transform the UK into trading powerhouse May 24, 2021 CBI: Bold changes needed to transform UK into trading powerhouse
EU slaps £319m fine on UBS, Nomura and UniCredit for bond cartels May 20, 2021 European Union antitrust regulators charged UBS, UniCredit and Nomura with a fine of £319m for their connections with a European government bond trading cartel. The sizable fines are the most recent punishment of the financial industry for its alleged involvement in foreign exchange cartels, Euribor and Libor benchmark cartels, and bonds cartels. The European Commission [...]
Brexit post-mortem for the City: London’s ‘Golden Age’ is over, warns NatWest chair Howard Davies May 18, 2021 The City of London’s will remain a global financial centre but may not see the ‘golden age’ again, according to NatWest bank chairman Howard Davies. “Almost five years after the Brexit referendum, and five months after Britain’s exit from the European Union, the future of London as a global financial centre seems secure,” the City [...]
Eurostar receives £250m refinancing package after months of waiting May 18, 2021 Eurostar today announced that it had received a £250m refinancing package from a group of banks in a bid to shore up its finances amid the Covid-19 pandemic. The firm said that the deal, which comprises £50m shareholder equity, £150m shareholder guaranteed loans and £50m restructured existing loan facilities, would be guaranteed by majority shareholder [...]