Recommended

1

FCA’s Gabriel systems hit by IT outage

The FCA was hit by a widespread IT outage on Friday which affected its regulatory reporting system Gabriel. In a statement, the regulator says most of its systems are now operating again following a “physical hardware incident” at a supplier’s data centre.” The FCA says: “We put in place our recovery arrangements and they have […]

Peter-Mann-looks-into-the-camera-in-2013-700.png

Harwood Wealth acquires network for up to £4m

Discretionary fund manager Harwood Wealth has acquired Network Direct in a deal worth up to £4m. Network Direct is based in Wolverhampton with 107 advisers nationwide and assets under advice of around £1bn. The acquisition takes Harwood Wealth’s total assets under advice to around £3bn. The deal is made up of an initial £1m cash […]

Justice-Fine-Ban-Court-Gavel-Judge-700x450.jpg
10

Bankrupt uses £1m of investors’ money to renovate home

An investigation by the Insolvency Service has found a bankrupt man used over £1m of money supposed to be invested on behalf of clients for property renovations and gambling. Between November 2011 and June 2012, Robert Hiom obtained a total of £1,065,000 by false representation. The Insolvency Service found over half the amount, £504,463, was […]

Chancellor to deliver first Autumn Statement on 23 November

Chancellor Philip Hammond has announced he will present his first Autumn Statement to Parliament on 23 November. In a bid to ensure the UK economy keeps on growing post-Brexit, it is expected housebuilding as well as public infrastructure projects will form the foundations of his plans. The statement will also include the latest economic forecasts […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment