Shareholder claims against listed companies continue to attract investors and funders despite the lack of a clear, trial-tested route to recovery for group actions, as lawyers say that the potential value of the claims and the prospect of settlement can make the legal uncertainty worth taking on.
Shareholder claims against listed companies continue to attract investors and funders despite the lack of a clear, trial-tested route to recovery for group actions, as lawyers say that the potential value of the claims and the prospect of settlement can make the legal uncertainty worth taking on.
Crypto firms can now apply to the Financial Conduct Authority for permission to operate, as part of a wider push to strengthen the U.K.'s position as a global hub for crypto-assets, the City regulator said Wednesday.
The Financial Conduct Authority published simplified final rules Wednesday requiring listed companies to report how climate change and other sustainability issues could affect their businesses on a comply-or-explain basis.
A former National Crime Agency officer will have to repay more than £1.8 million ($2.7 million) after he stole 50 bitcoins during an investigation into dark web drug dealing, prosecutors said on Wednesday.
An investment firm has sued Knight Frank LLP for £17.2 million ($22.8 million), alleging that the property adviser negligently overvalued a portfolio of residential properties used to secure an £80 million loan.
The Court of Appeal has overturned a judgment requiring a cryptocurrency exchange to pay £1.7 million ($2.3 million) to the victim of a bitcoin scam, finding that the company was blameless and the order based on flawed evidence.
The Bank of England said Wednesday that the secondary effects of climate change on sovereign and corporate bond markets was the biggest threat to the U.K.'s financial stability.
Liontrust said Wednesday it has agreed to purchase Hawksmoor Investment Management's fund management and model portfolio services business for up to £10 million ($13.3 million) in cash to expand its client base.
Nuveen can proceed with its £9.9 billion ($13.2 billion) takeover of Schroders after the High Court sanctioned the deal, clearing the way for the City investment manager to be taken private.
