British fintech Revolut launches in-app US stocks trading January 19, 2022 UK fintech Revolut has launched commission-free stock trading in the US in a bid to compete with online brokerages including Robinhood.
Brexit: Sigh of relief in the City as Brussels extends clearing deadline for EU banks and finance firms until 2025 January 19, 2022 Brussels has climbed down from a deadline to pull European finance firms’ access to London clearing houses, the bloc’s finance chief announced today. Europe is planning on extending temporary permits allowing banks, brokers and fund managers on the Continent to use UK clearing houses until June 2025. The news was first reported by the Financial [...]
£12m in remortgages and drawdowns every single day: Homeowners release record £4.4bn in property wealth January 19, 2022 Older homeowners released a record £4.4 billion in property wealth last year at a rate of more than £12 million a day as customers helped family and secured their own finances by repaying debt or remortgaging existing borrowing, according to new data. Around one in five equity release plans (19 per cent) taken out in [...]
€200bn moved across Irish Sea since Brexit: Balance sheets of global banks in Dublin swell to record €500bn January 19, 2022 The Irish balance sheets of a range of global banks that run international operations from Dublin has ballooned to more than half a billion euros. As a result, Dublin is gradually becoming a major banking hub within the EU, adding as much as €200bn to banks’ balance sheets since the UK voted to leave the [...]
Good as gold: Centamin enjoys 58 per cent jump in production as miner meets annual targets January 19, 2022 Centamin has enjoyed a 58 per cent boost in gold production during the fourth-quarter, with the miner benefitting from higher-grade ores.
KPMG slapped with £3m fine over Conviviality audit failures January 19, 2022 Accounting giant KPMG and a senior audit partner have been fined over £3m for failings related to an audit of collapsed firm Conviviality.
Wise shares jump five per cent as quarterly revenue climbs by a third January 19, 2022 British Fintech Wise has bounced back from last week's woes with an impressive trading update for the third quarter.
Burberry predicts 35 per cent profit surge this year January 19, 2022 British fashion house Burberry has reported flat sales growth in the latest quarter with store sales down three per cent.
UK inflation jumps to 5.4 per cent: Highest rate in almost 30 years January 19, 2022 The rate of Consumer Price Index inflation increased to 5.4 per cent in December from 5.1% in November, the Office for National Statistics has said. Grant Fitzner, chief economist at the Office for National Statistics (ONS), said: “The inflation rate rose again at the end of the year and has not been higher for almost [...]
Think tanks warn government to stop meddling in energy market January 18, 2022 The government should reconsider plans to further interfere in the domestic energy market argues multiple free market think tanks.
