FCA heads on six-date national tour for broker feedback

The Financial Conduct Authority has announced six Q&A roundtable sessions to be hosted across the UK. The regulatory body will be going to Glasgow, Newcastle, Birmingham, London, Manchester and Newport. Each event, titled “ask the regulator”, will be 90 minutes long and will feature FCA and industry representatives. According to the FCA, the sessions are […]

British Steel lines up rescue talks with Turkey’s military pension fund

Turkish army pension fund Ataer Holding is in exclusive talks to buy out British Steel. Ataer has signed an agreement with The Insolvency Service Official Receiver after several bids for British Steel were made, the Insolvency Service has announced. The preferred bidder Ataer has confirmed its intention to take on the steel making business and […]

Standard Life Aberdeen confirms details for share buyback plan

Standard Life Aberdeen has confirmed timings and other details for its share buyback plan. In a stock exchange announcement this morning, the group, which houses platforms Wrap, Elevate and Parmenion, asset managers Aberdeen Standard Investments and Aberdeen Standard Capital, and financial planner 1825, said that purchase of shares would begin today, 16 August 2019, and […]

Under-fire Burford Capital loses chair

Litigation finance investors Burford Capital will undergo a shakeup of top staff as a battle around allegations of market manipulation and conflicts of interest heats up. The firm announced last night that City veteran Peter Middleton will step down as chair while chief financial officer Elizabeth O’Connell been replaced with Jim Kilman, a former Morgan Stanley […]

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Scam victims misled over Action Fraud investigations

Fraud helpline staff acting on behalf of police are trained to mislead victims into believing their cases are under investigation, and will be solved, The Times has claimed. The Times undercover investigation into Action Fraud, which is overseen by the City of London Police, found that staff at the call center, outsourced by the US […]