Category: Business

Pressure is mounting on the City watchdog over its stalled investigation into the collapse of Neil Woodford’s investment business, after MPs called for the government to step in and order a judicial review unless the Financial Conduct Authority hands over its inquiry to an independent judge or QC. Mel Stride MP, the chair of the […]

The chief executive of the Robinhood app has defended the decision to halt trading in GameStop shares at a congressional hearing on Thursday, calling allegations that the company acted to help hedge funds that were hemorrhaging money “absolutely false”. The comments triggered accusations the company was creating a “smokescreen” to deflect blame. Vlad Tenev and […]

Initial Public Offers (IPOs) norms are likely to be changed by the Securities and Exchange Board of India (SEBI) in order to allow smaller float for large issues, reports stated on Monday. Sebi may discuss the new norms on February 17 along with several other issues such as the gold spot exchange, investor charter and […]

Taxes on international transport could provide new flows of finance to developing countries to help them reduce greenhouse gas emissions and cope with the impacts of climate breakdown, a group of climate finance experts have said. Rich countries are failing on their pledge to provide $100bn a year to help poor countries cope with the […]

The chief executive of Next has warned an online tax is not the answer to the high street crisis, and that business rates should be slashed on shops and hiked on online retail warehouses. Rates, the commercial equivalent of council tax, on shops should fall by 35% while the bills for online fulfilment centres should […]

Philip Green’s Arcadia Group had a pension deficit of £510m – about £150m more than expected – when the fashion retailer collapsed in November, according to documents seen by the Guardian. In all, Arcadia Group Ltd, the parent company of Topshop, Dorothy Perkins, Burton and Miss Selfridge, owed creditors £800m when it called in administrators, […]

Moonpig recorded the strongest week of sales in its history in the run-up to Valentine’s Day as it benefited from online spending during the latest lockdown. The company, which floated on the stock market this month, said it was on track to double its annual revenues as Covid restrictions drive greater demand. Revenues last year […]