Britain Financial News

03.02 / 20:25

MET Aware Strategy WWF UK gets backlash over ‘eco-friendly’ NFTs launching on Polygon

Global companies trying to make crypto assets a part of their marketing strategy have been met with a vast range of reactions from the public. In the latest incident, WWF UK was in the line of fire for raising awareness about endangered wildlife – with the help of NFTs.

03.02 / 19:52

business Adoption NFT Automakers are minting NFTs, but is there a strong use case?

Just before the turn of the 19th century, Carl Benz announced what is now widely considered as the world’s first commercial automobile. At the time, it would have been impossible to predict how this one product could spur the development of a multi-trillion-dollar industry over the course of the next century — but it did.

03.02 / 19:23

Blockchain Progressive LinkedIn Pool Arsenal Eight Teams Join Arsenal Innovation Lab Powered by Yolo Group

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

03.02 / 18:23

Boeing rate hikes More Bank of England rate hikes seen as Bailey tries to contain expectations

The Bank of England raised interest rates and surprised markets with its large minority in favour of an even bigger hike. The pound rose.

03.02 / 18:23

Merit Strategy KPMG hit with £1.3bn claim over Carillion collapse

KPMG has been hit with a £1.3bn alleged negligence claim over the collapse of construction company Carillion which it audited, according to court documents published on 3 February.

03.02 / 17:17

Energy Energy bills to rise €833 for average UK households

Energy bills UK households are set to rocket by more than €800 a year, it was announced on Thursday.

03.02 / 17:06

Berenberg pays top UK banker €20m as profit hits record

Berenberg has paid its top British banker €20m (£16.6m) after a stellar year for the German lender, which hauled in record profit amid a deal boom.

03.02 / 16:27

Facebook Provident PayPal Blue Whale’s Stephen Yiu on dumping Meta stock and why ‘it will get worse’

One of the UK's best-known retail fund managers is breathing a sigh of relief after dumping shares in Meta and PayPal ahead of the brutal selloff that wiped billions off the stocks.

03.02 / 14:43

António Horta-Osório fined for quarantine breach

Former Credit Suisse chair Sir António Horta-Osório accepted a fine of 2,000 Swiss francs ($2,200) from local authorities for breaking quarantine rules in November.

03.02 / 14:39

Blockchain Provident Digital Platform HMRC’s ‘updated’ DeFi staking, lending regulations are here, but where’s the clarity

Last year, the U.K became theleading country in Europe for cryptocurrency transactions, with $170 billion worth of deals. According to a report from blockchain data platform Chainalysis, central, northern, and western Europe (CNWE) had the biggest cryptocurrency economy in the world.

03.02 / 12:21

Legal UK Tezos reports guidance Updates Reports That IRS Won’t Tax Staking Rewards Create Legal Confusion in US; UK Taxman Updates Its Own Guidance

Legal confusion has broken out in the United States after media outlets reported on a legal case whereby the Internal Revenue Service (IRS), the United States tax body, is allegedly set to refund a couple’s tezos (XTZ) crypto staking tax bill. But one prominent lawyer says the reporting around the case – which some claim could be a new landmark – amounts to “clickbait”, while others warn that this may be a settlement to avoid setting precedent.

03.02 / 11:21

UK equity fund outflows pass £2.3bn record set after Brexit vote

Funds channelling investment into UK companies suffered their worst month on record in January, with another bout of selling pushing total outflows past their previous high following the Brexit vote.

03.02 / 10:45

cryptocurrency London Inside ‘Chai Ada’, the first café in UK to accept cryptocurrency

A London café, owned by a Pakistani man, accepts cryptocurrency as a form of payment, the first to do so in the United Kingdom.

03.02 / 09:45

Technology Art Extreme weather has cost Europe €50bn and killed 142,000 in 40 years

Heatwaves, floods, and other extreme weather have killed 142,000 people in Europe over the last 40 years and cost European economies more than 500 billion euros, according to a report released on Thursday.

03.02 / 05:05

defi regulation lending UK government Agency Tax Agency UK tax agency cracks down on rules around DeFi lending and staking

Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has released a controversial set of guidance that could affect innovation in Decentralized Finance (DeFi).

03.02 / 03:11

Can new regulation tame crypto’s Wild West?

Chris Chapman is a partner and David Wormley is an associate at law firm Mayer Brown

03.02 / 00:33

Art end Northern Irish minister orders end to post-Brexit controls

The Northern Irish Minister of Agriculture ordered his services to stop post-Brexit controls on foodstuffs at midnight, an order whose practical consequences and legality are being questioned in the midst of negotiations between London and Brussels.

02.02 / 21:45

Barclays hires ex-Morgan Stanley dealmaker John Sandhu to lead corporate development

Barclays has hired a former top Morgan Stanley dealmaker to lead its team of bankers that focus on strategic initiatives at the UK lender.

02.02 / 21:45

António Horta-Osório fined for quarantine breach

Former Credit Suisse chairman Sir António Horta-Osório accepted a fine of 2,000 Swiss francs ($2,200) from local authorities for breaking quarantine rules in November.

02.02 / 17:29

Provident Waves Target Shell Here’s why the UK market is ripe for activist investor campaigns

US and European activist investors are targeting some of the UK's biggest publicly traded companies, taking advantage of slumping stock prices to push for company breakups and other changes.

02.02 / 17:29

The UK turned London into a fintech paradise. Now what?

After years of leading international peers by example, the UK watchdog, the Financial Conduct Authority, is facing questions over whether it needs to rethink its approach to financial technology and innovation.

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