City watchdog FCA looking to hire hundreds of new staff to get grip on consumer credit market February 21, 2022 The financial services watchdog is recruiting for a number of senior roles in a push to expand its oversight and supervision of the City’s credit space. The Financial Conduct Authority, based in Stratford, is looking for a lead supervisor for credit and debt as well as a director for consumer finance. In the publicly available [...]
Scrapping of Plan B curbs turbocharges UK services economy February 21, 2022 The British economy appears to be weathering the cost of living storm as the drag on businesses and households from pandemic curbs peters out. The scrapping of Plan B restrictions prompted Brits to pour back to high streets, pubs, bars and restaurants, lifting output in the services economy to an eight month high of 60.8 [...]
iEnergizer heads toward record year as bosses forecast bumper revenues February 21, 2022 London-listed IT firm iEnergizer has forecast a jump in earnings as it heads towards the end its financial year on March 31.
PrimaryBid gets backing from SoftBank in $190m funding round February 21, 2022 London-based retail investment platform PrimaryBid has today closed a $190m funding round as readies to ramp up its growth across Europe and the US.
Disbelief Home Office is scrapping ‘Golden visas’ for wealthy foreign as scheme raked in £17bn February 21, 2022 Industry experts have responded with disbelief to last weeks’ news that the Government is set to scrap a visa scheme that offers investors fast-track residency in the UK as ministers come under mounting pressure to sever economic ties with Russia. The fast-track investor scheme, introduced in 2008, was designed to tempt wealthy investors from outside [...]
AIM dominates European growth markets contributing half of 2021 funding February 21, 2022 The UK's Alternative Investments Marketplace (AIM) dominated junior European markets in 2021, accounting for half of all fundraising.
Homebuyers flood back to London amid return to office February 21, 2022 Movers are flocking back to London as the spectre of the Covid-19 crisis over the capital’s housing market fades away, reveals fresh figures published today. The scrapping of restrictions on daily life to curb infections and the return to the office is driving homebuyers to put London back at the top of their desired locations. [...]
Government halves insolvency payouts to workers in 2021 February 21, 2022 The government halved pay outs to workers whose employers went bust last year, as Covid-19 support measures helped stave off insolvencies.
Appetite for deliveries jumps five-fold compared to pre-Covid level February 21, 2022 Britain’s appetite for takeaways and deliveries shows no sign of stopping after the easing of pandemic restrictions new data has shown.
Rampant inflation to swell government’s interest bill once again February 20, 2022 Soaring inflation will swell the government’s interest bill to eye-watering levels, official figures released this week are expected to show. The cost of servicing the UK’s stock of debt has already broken several records in recent months, including hitting its highest ever level for a December at £8.1bn. Fresh figures published by the Office for [...]