PwC has been fined £15m by the Financial Conduct Authority after it failed to alert the regulator that London Capital & Finance (LCF) might be involved in fraudulent activity. In …
Personal Finance
Donald Trump discloses $513m in income from US golf clubs and resorts
Former president Donald Trump’s latest financial disclosure revealed he has made over half a billion in income from his US golf clubs and resorts as well as being hit with …
ULEZ: Sadiq Khan to shut scrappage scheme as London drivers scramble to apply
London Mayor Sadiq Khan will close the ULEZ (Ultra Low Emissions Zone) scrappage scheme next month as drivers in the capital scramble to make last-minute applications. The announcement comes after Khan expanded …
Revolut achieves $45bn valuation in employee share sale
Revolut has cemented its position as Europe’s most valuable private technology company after securing a $45bn (£34.9bn) valuation in a share sale by employees. The London-based banking app said on …
Infected blood scandal: Compensation for some victims by end of the year after review
The government has published its report into the infected blood scandal, saying it will pass legislation this month and expect compensation by the end of the year for victims. The …
Treasury plans talks with Revolut as fintech giant favours US listing
The UK government is reportedly seeking to highlight London’s attractiveness in planned talks with Revolut as Britain’s biggest fintech is said to favour the US for a potential blockbuster IPO. …
PwC faces lawsuit from property developer over ‘negligent’ tax advice
PwC is facing a lawsuit from Revelan, a UK commercial property developer, alleging that the firm provided “negligent” tax advice that caused Revelan to face a £3m tax bill. Revelan, …
US approves Astrazeneca lung cancer drug Imfinzi for treatment
Astrazeneca’s lung cancer drug Imfinzi has been approved for treatment in the US to be used both before and after surgery, just days after the company’s market value hit £200bn …
WH Smith launches first cafe in push to hospitality and food-to-go market
WH Smith, the 232-year-old stationery store, has now decided to move into the hospitality scene with the opening of its first café. The café, named Smith’s Kitchen, first opened on …
Strict advertising rules are pushing formula milk prices to record highs, CMA finds
Strict advertising rules around infant formula milk are leading to “historically high” prices for UK parents, the Competition and Markets Authority (CMA) said today. The watchdog said its investigation into …