Author: CXM Editorial

Do FCA Regulations Spell Death for Corporate Hospitality in Financial Services?

This July 1st 2017, marks six years since the Bribery Act became law. Its aim? Simply put, to guide businesses in preventing bribery. Hot on the Act’s heels followed the Financial Conduct Authority guidelines in 2014, setting guidance for product providers...

Holland & Barrett Sold for £1.8bn to Russian Billionaire

Holland & Barrett, the UK’s biggest health food retailer, is being bought by a Russian billionaire for £1.8bn. L1 Retail, a fund controlled by Mikhail Fridman, is buying the chain from US private equity firm Carlyle. Carlyle acquired Nuneaton-based Holland & Barrett...

Standard Life And Aberdeen Asset Management Merger Gets The Green Light from Competition Watchdog

The Competition and Markets Authority has given green light to merger The transaction is currently expected to complete on 14 August 2017 Merger will create Europe’s second-biggest fund manager, with £670bn  Britain’s competition watchdog has given the green light to the £11billion merger...

HSBC Unveils Massive Multi-billion Pound Funding Pot for London SMEs

HSBC has announced that over one-fifth of its recently announced £10bn fund for UK SMEs will go to small and medium-sized businesses in the capital. According to the bank, £2.1bn of its massive SME fund will be utilised to help support...

PayPal Has A New Weapon in The P2P Payments Battle

This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here. PayPal began piloting an instant cash-out offering for its peer-to-peer (P2P) payment offerings, including Venmo, according to TechCrunch. The service, which is currently in...

Queen’s Speech: Bill to Secure UK Space Sector

A government plan to secure growth in the UK’s £13.7bn space industry is laid out in the Queen’s Speech. The stated purpose of the new Bill is to make the UK the most attractive place in Europe for commercial space –...

Tesco Home Deliveries Hit by Computer Glitch

Thousands of Tesco customers have had home deliveries cancelled as a result of a computer glitch that is affecting services nationwide. A spokesperson for the supermarket said that up to 10% of customer orders had been affected. Many customers took to social...

McDonald’s Is Taking Its Biggest Risk in History

McDonald’s is taking one of the biggest risks in the company’s history by adding fresh beef to its menu. The fresh beef patties, which will be available at restaurants nationwide next year, have been slowing down customer service — something McDonald’s has...

Atom Bank Gets £30 Million from the Government as Philip Hammond Pledges Investment Boost

LONDON — Startup bank Atom has received a £30 million funding boost from the state-owned British Business Bank (BBB). British Business Bank Investments, the commercial arm of the BBB, announced it has agreed a £30 million Tier 2 capital facility with...

CarFinance 247 to Move 420-strong Team Into Manchester’s Universal Square

Online motor finance firm CarFinance 247 is relocating its HQ to Universal Square in Manchester. The company plans to move its 420-strong workforce to a 40,000 sq ft office at the scheme this August. Manchester property and investment company MCR Property Group,...