EU could rip up Brexit trade deal if UK suspends NI Protocol, Simon Coveney warns November 7, 2021 Brussels could rip up the post-Brexit UK-EU trade deal if Boris Johnson suspends the Northern Ireland Protocol, Irish foreign minister Simon Coveney has warned. This would result in an effective no-deal Brexit as trade barriers would be immediately erected between the UK and the EU. Coveney today said the Brexit Withdrawal agreement, which contains the [...]
Amazon accused of misleading customers with delivery times November 7, 2021 Amazon has been accused of misleading customers by moving deliveries to a later date when customers go to checkout to pay.
Brexit trade slump: Gov should cut burden on traders before full border arrives November 5, 2021 The government needs to cut the burden on traders at the UK-EU border to ease a post-Brexit trade slump, a report from the National Audit Office (NAO) has said today. While the Government’s handling of the new border with the EU was “largely successful”, it has relied on temporary measures that are “not sustainable”, the [...]
Antonio Horta-Osorio gives Credit Suisse prime broking the chop after $5bn losses November 4, 2021 Horta-Osorio, who joined Credit Suisse from Lloyds in April, has revealed sweeping plans to restructure the beleaguered lender and dramatically pare back its investment bank activities after it suffered multibillion losses this year. Under the new strategy announced today, Credit Suisse will rein in its investment bank and focus on its wealth management division, in [...]
LSE boss: London likely to keep EU clearing role long-term November 3, 2021 The chief executive officer of the London Stock Exchange has said he expects the EU will permit its banks to carry on clearing trades through London. David Schwimmer said the LSE is negotiating with the bloc and clients to resolve the issue of what clearing arrangements should look like in the long-term post-Brexit – one [...]
Ethereum notches another all-time high November 3, 2021 Ethereum - the world's second-largest cryptocurrency - yesterday posted another new all-time high, rising to $4,643.
FCA: Wild west crypto market provides is hotbed for money laundering November 2, 2021 The wild west crypto market poses a real risk to the strength of the UK financial system by allowing fraudsters to conduct widespread money laundering and financial crime. That’s the warning shot from the City watchdog’s digital tsar, who slammed cryptocurrencies for often harming and exploiting consumers. Jessica Rusu, chief data, information and intelligence officer [...]
Build to rent developer Watkin Jones forecasts £430m revenue November 2, 2021 Rental developer Watkin Jones has reported an optimistic trading update, forecasting £430m revenue. Its forecast revenue is slightly below expectations but with a stronger gross margin that reflected the timing of land sales either side of the year end, it said. In the trading update for the year ended September 30 2021, the property manager [...]
BP earnings spike after energy prices rocket November 2, 2021 BP has reported soaring earnings in its third quarter results after costs of oil and gas skyrocketed this year. The oil giant reported underlying replacement cost profit of $3.3 bn, compared with $2.8bn for the previous quarter. It credited this result to higher oil and gas realisations, higher refining availability and throughout “enabling the capture of [...]
Interview: Mike Adams, CEO of Purple, on changing the disability conversation November 1, 2021 Mike Adams, CEO of Purple, shares with Lysanne Currie his mission to change the disability conversation from disadvantage and inequality to one about potential and value. This article first appeared in ICAS’ CA magazine. Mike Adams has a useful exercise for leaders to try with their own company website. He calls it the no-mouse test. When [...]