UK Financial News

27.10 / 16:09

CBDC Bank of England UK Consultations UK Residents Flag Privacy Concerns in Digital Pound Consultations: Bank of England

The Bank of England (BOE) says the majority of 50,000 feedbacks it received from the public consultation on the digital pound revolve around privacy and fiat scarcity concerns.

27.10 / 12:11

MARKET Google Investment UK Bitcoin UK Witnesses 826% Surge in ‘Buy Bitcoin’ Google Searches

Google searches for ‘buy Bitcoin’ have gone up more than 800% in a single week in the UK, but Google Trends show multiple spikes in interest this quarter alone globally.

27.10 / 08:31

Federal Reserve Bank of England UK Currencies HM Treasury Washington DC end BoE's Jon Cunliffe: Digital pound likely needed by 'end of the decade'

Jon Cunliffe (pictured), is deputy governor of financial stability at the BAnk of England, a post he will leave at the end of October 2023 after ten years.

27.10 / 08:31

regulation UK financial conduct authority NatWest Coutts regulatory FCA continues review into NatWest after 'potential regulatory breaches' identified over Coutts incident

The report found Coutts failed to pay due regard to the interests of Farage and 'failed to treat him fairly', which 'might also amount to a regulatory breach, but is a matter for the relevant regulator to decide'.

26.10 / 14:01

Europe Asia UK US bonds ESG Global surges Fixed income surges in popularity among asset allocators

Within equities, the first target for respondents over the next year was global equity at 51%, while emerging markets (ex China) saw 44% expecting to elevate exposure to the region.

26.10 / 14:01

UK dividends Q3 fall UK dividends fall in Q3 as 2023 outlook downgraded

UK dividends fell to £27.5bn, down 8.3% year-on-year, in the third quarter of 2023.

25.10 / 07:47

regulation UK CMS FCA removes cap on bankers' bonuses to mixed reactions

Originally the rules placed limits on bonuses for employees to two times base salary in an attempt by the EU to deter the risky behaviour that led to the 2008 Global Financial Crisis.

24.10 / 18:09

defi UK FCA compliance Solana's Marinade Finance Acts Swiftly to Ensure FCA Compliance, Blocks UK Access

Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, is blocking users in the United Kingdom from accessing its platform over "compliance concerns."

24.10 / 11:07

economics inflation Bank of England UK Interest rates MPC 2024 Economists forecast BoE to hold rates at 5.25% through to spring 2024

Most economists in the survey said they did not expect the Bank to cut rates until at least July next year.

24.10 / 08:35

economics Bank of England UK Interest rates ONS Unemployment Rate job vacancies 'Experimental' UK unemployment rate ticks up slightly as hiring slows

Vacancies are continuing to fall as firms put hiring on hold.

23.10 / 11:17

ETF Europe UK ESG ETFs fixed income Fidelity International Fidelity expands sustainable active ETF suite with double fixed income launch

The ongoing charges figure (OCF) for the newly-launched ETFs range is 0.25% for hedged share classes, and 0.20% for unhedged share classes.

20.10 / 12:59

Venture Capital UK HM Treasury VCTs/EIS vct EIS Treasury confirms extension to VCT and EIS sunset clause

Chancellor of the Exchequer Jeremy Hunt had previously signalled his agreement with the TSC to continue the scheme in previous correspondence, but this is the first time he has committed to an extension.

20.10 / 07:39

economics UK Interest rates Cost of Living UK inflation Office for National Statistics UK retail sales fall UK retail sales fall more than expected as consumer confidence drops

Non-food stores sales volumes fell by 1.9% last month, which retailers attributed to continuing cost of living pressures.

20.10 / 07:39

IPO UK London Stock Exchange equities Bestinvest enables IPO investments for clients

Jason Hollands, managing director of Bestinvest, told Investment Week the new offering was part of the firm’s “ongoing programme of improvements to Bestinvest”, and complimented its push to cut down trading costs for clients across its platform.

18.10 / 18:03

defi Europe UK Chainalysis MICA Europe's Expanding Crypto Landscape: DeFi and Web3 on the Rise

The digital asset ecosystem in Europe expands as institutions broaden their services to decentralized finance (DeFi) amid market turmoil.

18.10 / 14:43

UK Pensions Investment trusts funds Unit trusts/OEICs OEIC ETFs Returns Less than 4% of funds deliver consistent top quartile returns over three years

In the latest edition of the study, the total number of funds providing above average returns in each of the last three years also improved.

18.10 / 14:43

markets economics UK Bank of America Cash Recession Global investors remain set on Goldilocks soft landing despite bearish stance

One out of four investors expect that there will be no recession in the next 18 months, but the share of those expecting a recession in the first half of 2024 is rising.

18.10 / 14:43

Venture Capital UK eToro VCTs/EIS UK venture capital investments plummet 43% in 2023

There was also a 25.9% decline in the number of deals, with only 1,005 deals announced over the period.

18.10 / 14:43

UK institutional investors Retail investors Pensions Investment trusts funds ETFs Retail investors face larger volatility in fund fees than institutional peers

Over the last 12 months, 17% of all share classes have changed their OCF.

18.10 / 10:05

economics inflation Bank of England UK Macroeconomics UK inflation Office for National Statistics UK inflation remains steady at 6.7% in September

The largest downward contributor to inflation was a drop in prices in food and beverages, which fell for the first time since September 2021

17.10 / 11:41

Binance UK Crypto Exchange Crypto exchange Binance to stop accepting new users in UK

Binance said on Monday it will stop accepting new customers in the United Kingdom, in compliance with new regulation restricting promotions from overseas digital asset firms in the country. New users in the UK will not be able to register on the platform from 5 PM local time (4 PM GMT), according to a post on Binance's website. The country's tough stance comes as cryptocurrency regulation remains in focus around the world after a string of high-profile collapses last year sparked worries about how these firms use and store customer deposits in a largely unregulated industry. The Financial Conduct Authority's (FCA) new rules around cryptoasset promotions came into effect on Oct. 8.

UK Financial News

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