Finance (UK)

Meet the crusader who is trying to convince the world that cryptocurrency is necessary

Charles Hoskinson is a peculiar protagonist for a revolution.<p>The American does not look much upon introductions. When one envisions a billionaire, an …

Wealth managers are worried they're failing to serve the world's richest women, according to research

A huge majority of wealth management bosses believe that the needs of high-net-worth and billionaire women are not being met, according to new …

Pay at Persimmon could cause shareholder revolt as investors baulk at boss's £100m bonus

Housebuilder Persimmon could take a battering at its annual general meeting (AGM) on Wednesday, as disgruntled investors prepare to turn down a pay …

Duracell distributor targets alternative investment market float

A leading manufacturer and supplier of batteries, lighting, and vaping products will make its stock market debut next month.<p>Supreme, which counts …

Former BT chair to chair store card company NewDay raising possibility of float

Former BT chair Sir Mike Rake is set to be appointed as chair of store card company NewDay tomorrow, raising the possibility that its private equity …

Value of green bonds issued globally hit record of of nearly $30bn in first quarter 2018

Global green bond issuances hit a record of just under $30bn (£21.42bn) in the first quarter (Q1) of 2018.<p>Analysis by law firm Linklaters has shown …

UK dividends have crept up just slightly to £16.7bn as lack of growth in oil and pharma giants drags total down

Dividends at UK-listed companies have crept up just slightly in the first quarter of 2018 to £16.7bn, as lack of growth in oil and pharmaceutical …

Sterling continues to slide as May interest rate hike bets shrink after Carney's hesitant comments

Sterling has continued to slide against the dollar this morning, as Bank of England Governor Mark Carney dampened expectations yesterday of a May …

Shares in currency hedging firm Record have plummeted after outflows and poor fourth-quarter results

Shares in London-listed Record, which provides currency hedging services to investors, have plummeted by more than 12 per cent today after it …

A solution to uncertainty?

Brexit divorce cost uncertain, say auditors

<b>The total cost of the Brexit "divorce" bill remains uncertain, auditors say, as much depends on future events.</b><p>The National Audit Office said the £35bn-£39bn range put forward by the government was "a reasonable estimate".<p>But even "relatively small changes" to things such as inflation, the exchange …

Irish government to vote against huge bonuses for bankers at bailed-out AIB

The scheme, if introduced, would see huge bonuses reintroduced for executives, outstripping regular salaries

More of the UK's millionaires are expecting to live to 100 – and are trusting long-term equities to fund their retirement

More of the UK's millionaires than ever before now believe they will live to 100, according to a new study, which is causing them to fret over how …

The FCA is cracking down on "irredeemable" preference shares after Aviva scandal

The City watchdog has announced today it is cracking down on "irredeemable" preference shares, as many investors may not be aware of the risks they …

Blackstone profits drop on equity mark turmoil

Private equity giant Blackstone has seen its profit drop more than 20 per cent in the first quarter as stock market turmoil takes effect.<p>Market …

Cryptocurrency is becoming mainstream and professional accountants need to better understand digital money

Anyone who works in the City, or any finance related field, will already have faced plenty of questions from family, friends, and clients about …

Queen tips Prince Charles to follow her as Commonwealth head

LONDON (AP) — Queen Elizabeth II opened a summit of the 53-nation Commonwealth on Thursday, and backed her son Prince Charles to be the next leader of the association of Britain and its former colonies.<p>In a ceremony at Buckingham Palace, the queen said she hoped Charles would "carry on the …

One of the largest listed owners of UK GP surgeries has grabbed £115m to make more acquisitions

Primary Health Properties (PHP), one of the largest owners of modern GP medical centres in the UK, announced this morning that it had raised £115m to …

Man behind "bitcoin heist" evades capture in Iceland

The man behind a suspected “bitcoin heist” in Iceland has escaped imprisonment.<p>An international arrest warrant has been issued for Sindri Thor …

"Crypto Rider" game lets traders race on the peaks and troughs of the market for real

Dabbling in cryptocurrencies is often a wild ride for investors, but a new game now lets players race on the peaks and troughs of the market for real.<p>…

JP Morgan teams with Blackrock to create new bond market indices focused on the environment and governance

JP Morgan has teamed with asset management giant Blackrock to create a new suite of indices based on environmental, social and governance (ESG) …

Lloyds' private bank boots bonds as it funnels wealthy's cash into hedge fund-type investments

Lloyds Bank’s private banking division, which invests the money of wealthy clients, has said it will start to reduce its exposure to bonds as their …

Woodford-backed Crystal Amber builds stake in De La Rue following company's "own goal"

Activist investor Crystal Amber has increased its stake in beleaguered banknote producer De La Rue this morning, City A.M. understands, as the …

UK govt suffers Parliament defeat on key Brexit bill

LONDON (AP) — Britain's key Brexit bill has hit a hurdle, with the House of Lords voting to seek continued membership in the European Union's customs union.<p>Parliament's upper house voted 348- 225 Wednesday for a change to the EU Withdrawal Bill seeking to stay in the customs union.<p>John Kerr, who …

UK hopes former colonies can give trade boost after Brexit

LONDON (AP) — After decades of sidelining the Commonwealth as a relic of their imperial past, many in Britain are now promoting the group of ex-colonies as a ready-made market for what they hope to be the country's buccaneering global business spirit after the exit from the European Union.<p>It's …

Aston Martin appoints seven banks to handle £4bn float

Aston Martin has appointed seven banks to act as bookrunners on its £4bn stock market flotation, according to reports today.<p>Rumours of the luxury car …

Taxman says sorry for pensions blunder as HMRC forced to remove relief calculator from its website

​Pension experts have slammed HM Revenue & Customs (HMRC) for failing to take down a flawed tax relief calculator, despite knowing it was providing …

How prepared are car makers for an auto loans crisis?

Net-a-Porter founder Natalie Massenet's VC firm has closed its first $75m fund with investments including Farfetch

Net-a-Porter founder Natalie Massenet has teamed up with a venture capitalist to launch a $75m (£52.2m) fund for retail businesses.<p>Imaginary …

More than half of Brits wouldn't buy a Bank of England-backed cryptocurrency

While cryptocurrency companies are hopeful that government acceptance could buoy public sentiment for the controversial digital assets, new research …