Britain Financial News

02.11 / 11:15

UPS EY partners get record £749k pay amid activity boom

Partners at Ernst & Young will take home an average profit of £749,000 this year, up from £667,000 in 2020, the audit firm said in its latest annual report.

02.11 / 09:41

Deal Australian Australian PM says he won't take 'sledging' from France over submarine deal

Australian Prime Minister Scott Morrison said he wouldn't "cop sledging" from France as he defended his position over a broken submarine deal that launched a diplomatic crisis.

01.11 / 22:59

Facebook Blockchain Adoption Funding Sfermion raises $100M for NFT and metaverse ventures

Nonfungible token, or NFT, investment firm Sfermion has announced a secondary funding raise of $100 million — appropriately titled Fund II — from a number of established cryptocurrency investors including British billionaire Alan Howard, American entrepreneur Chris Dixon, Gemini co-founders Cameron and Tyler Winklevoss, and venture capital firm Digital Currency Group, among others.

01.11 / 21:51

CEO Barclays CEO Staley tells investment bank staff: ‘I’m going nowhere’

Embattled Barclays chief executive Jes Staley has told staff in London and New York today that rumours of his demise are premature.

01.11 / 19:59

Strategy Barclays chief Staley’s departure is rocking the bank — Here’s what you need to know

Barclays chief executive Jes Staley is stepping down amid a regulatory probe into how he characterised his relationship with convicted sex offender Jeffrey Epstein.

01.11 / 16:53

Blockchain Twitter Reddit Bitcoin acquires NYDIG acquires Bitcoin micropayments firm Bottlepay

Bitcoin (BTC) investment firm New York Digital Investment Group, or NYDIG, has announced the acquisition of United Kingdom-based micropayment service Bottlepay for an estimated fee between $280 million and $300 million.

01.11 / 16:05

CEO JPMorgan exit Barclays bankers exhale after Staley exit as investors fret ‘untested’ new CEO

When a regulatory investigation into Jes Staley's pursuit of a Barclays whistleblower threatened his tenure at the top of the UK lender in 2017, there was a palpable sense of panic among dealmakers and traders at the bank. Now that he has quit the bank, staff are more sanguine.

01.11 / 15:49

UPS dealmaking Deutsche UK’s dealmaking chief goes ‘old school’ to build out underweight team

Deutsche Bank is making a fresh play to grab a bigger share of the UK dealmaking market amid a broader investment bank expansion at the German lender.

01.11 / 12:25

UPS BTC ETF Bitcoin Investment expert discusses impact of inflation, Bitcoin as hedge

Inflation and hyperinflation are in the news; economic observers should heed the warnings now – rising prices and slowing growth are a very real threat. UK’s fuel crisis, America’s debt debates, rising prices worldwide, and global supply chains are now major concerns.

01.11 / 11:19

Barclays boss Jes Staley to step down over Epstein probe

Jes Staley is stepping down as chief executive at Barclays after fresh developments came to light from UK regulators relating to their probe of Staley’s relationship with the late Jeffrey Epstein.

01.11 / 10:05

Climate change Pope Francis Two trains crash after derailment injuring several people in Salisbury

Two passenger trains crashed after one of them derailed in the southern English city of Salisbury, and several people were injured, authorities said on Sunday.

31.10 / 17:09

Volcanoes G20 Climate change 'Last, best hope:' UK appeals for action on climate as COP26 opens in Glasgow

The UN climate summit in Glasgow opened Sunday with appeals for action and prayers, kicking off two weeks of intense diplomatic negotiations by almost 200 countries on how to tackle the common challenge of intensifying global warming.

31.10 / 15:21

G20 UK and France to 'work towards rapid de-escalation' of fishing row — Elysée

French President Emmanuel Macron and British Prime Minister Boris Johnson have decided to work towards a rapid "de-escalation" in the fishing dispute between their countries, AFP reports the Elysée as saying.

30.10 / 21:31

G20 Thousands of protesters, including climate activists, march in Rome amid G20 summit

Thousands of climate activists and anti G-20 campaigners marched through the streets of Rome on Saturday, protesting inaction by the world's biggest economies on climate change.

30.10 / 21:31

G20 UK 'actively considering' launching legal action over France fishing row

The UK government said it was "actively considering" launching legal action under the Brexit deal if France carried out its threat to increase customs checks as the countries dispute over fishing licences.

30.10 / 19:41

G20 Children Low Expectations for COP26 are low but here's what would make it a success

World leaders are gathering in Glasgow for this year's climate conference as recent evidence suggests the world is falling behind in its effort to keep the rise in temperature low enough to avoid catastrophe.

30.10 / 12:42

Health G20 recovery G20: World's biggest economies to discuss COVID, climate and economic recovery

The leaders of the world's major economies will gather in Italy this weekend as Rome hosts its first G20 summit, with the global health crisis, economic recovery, and climate change at the top of this year's agenda.

30.10 / 11:55

Health G20 Children G20: US and Europeans to discuss Iran nuclear programme in Rome

US President Joe Biden will meet with the leaders of Germany, France and the United Kingdom to discuss Iran's nuclear programme on the sidelines of the Group of 20 summit in Rome.

29.10 / 18:03

Crime Eurovision Song Contest European Parliament sues Commission for failing to hold members accountable over rule of law

The European Parliament has decided to sue the European Commission after the executive's repeated refusal to activate a new conditionality mechanism that can freeze EU funds for member states suspected of breaching EU law.

29.10 / 16:21

Report COVID-19 Pandemic Sweden's COVID-19 pandemic response was 'too slow', says commission report

Sweden's handling of the COVID-19 pandemic has been "slow" and "insufficient", a government-sponsored commission has said.

29.10 / 13:59

G20 recovery G20: World's biggest economies to discuss COVID, climate and economic recovery

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