Funds run by Elliott Investment Management LP can start a legal claim against the London Metal Exchange's Hong Kong owner over the trading venue's handling of the 2022 nickel crisis, the Competition Appeal Tribunal has ruled.
Funds run by Elliott Investment Management LP can start a legal claim against the London Metal Exchange's Hong Kong owner over the trading venue's handling of the 2022 nickel crisis, the Competition Appeal Tribunal has ruled.
Britain needs to move "much faster" to create the conditions for artificial intelligence and the digitalization of shares and bonds to scale in wholesale markets, the Financial Conduct Authority's chief executive has said.
An Italian engineering company persuaded a London judge Wednesday to discharge a four-year-old injunction designed to protect €212 million ($242 million) in bond payments sought by a EuroChem subsidiary, after Russia-related sanctions rulings effectively blocked the payouts.
The architect of a "boiler-room" investment fraud scheme which took more than £1 million ($1.3 million) from investors was sentenced to more than five years in prison by a London judge Wednesday.
Auditors for Arena Television have denied liability for losses of almost £225 million ($298 million) stemming from a "pervasive fraud" allegedly perpetrated by the collapsed company's directors, saying the fraudulent activity was concealed from them.
Europe's banks, insurers, investment funds and other market participants must strengthen their resilience to vulnerabilities arising from external dependencies, cyber threats and rapidly developing technologies, a group of financial watchdogs warned Wednesday.
Britain's accounting watchdog has revised two of its standards on using the work of an external expert in the audit process, aligning them Wednesday with changes made by an international standard-setter.
African financial technology company Airtel Money said Wednesday that it plans to list on the London Stock Exchange's main market, in a move that could help revive the moribund U.K. IPO market.
BTG said Wednesday it has agreed to acquire Hornbeam CPAM Ltd., a property and asset management business, for up to £4 million ($5 million), as the U.K. advisory group moves to expand its real estate operations.
