H2O Asset Management will pay €250m (£215m) to clients who have been unable since 2020 to access investments then worth around €1.6bn (£1.4bn) to avoid a “substantial” fine from UK regulators. Following talks with …
Estate Planning
FCA joins Bank of England in relocating jobs from London to Leeds
The Financial Conduct Authority (FCA) has revealed plans to relocate 100 jobs from London to Leeds, just months after the Bank of England announced a similar move. The watchdog, which …
Panic over? London FTSE 100 rises after another rally in Asia
The global market rally picked up the pace on Wednesday with European equities climbing after Japanese stocks recorded strong overnight gains. The FTSE 100 was up 0.87 per cent at …
The Notebook: Why financial firms should pay more attention to first-time investors
Where the City’s movers and shakers have their say. Today, it’s Max Rofagha, CEO of Finimize, with the pen, talking first-time investors, the Tiktok Olympics and what to add to …
UK riots: Sadiq Khan warns violent disorder ‘will not be tolerated’ in London
Sadiq Khan has warned would-be rioters that “violence and disorder on the streets of London will not be tolerated” as he issued a call for calm. The mayor of London …
EY UK sanctioned for breaching fee cap with Abramovich-owned Russian miner Evraz
One of the Big Four, EY, has been issued a financial sanction by the accountancy regulator for failing to comply with a fee cap for Roman Abramovich-owned Russian mining group …
Tritax Big Box: Profit up as market reaches ‘inflection point’
Tritax Big Box, a real estate investment trust (REIT), reported strong first-half trading results and expressed optimism about investment opportunities in the strengthening UK real estate market. Tritax Big Box specialises …
Toyota: Interest payment rises help sales accelerate towards £1bn at European arm
Sales at the European arm of Toyota have accelerated by almost 50 per cent to almost £1bn during its latest financial year, it has been revealed. The car making giant, …
TP ICAP: Broker’s shares jump to three-year high after profit beat and fresh buyback
Shares in inter-dealer broker TP ICAP jumped as much as 15 per cent on Wednesday after its half-year profit beat market expectations and it launched a third share buyback programme. …
British Basketball League champions placed in administration after 777 collapse
Administrators have been appointed at dual British Basketball League champions London Lions as former owners 777 Partners’ sporting empire continues to unravel. London Lions, who have been at the forefront …