FTSE 100 Live: UK Stocks Set to Rise as Focus on Barclays, Astra Earnings
Money transfer firm Wise won the backing of its shareholders to shift its primary listing out of London, despite some dissent about the move from certain investors.
And in a potential boost, lender Shawbrook has added further banks to its possible IPO, where it may seek a valuation of about £2 billion, Pablo Mayo Cerqueiro and Swetha Gopinath report. It was taken private back in 2017, so it would mark a return for the group to public markets.
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25 minutes ago
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UK parliamentary crypto group reformed amid push for regulatory clarity
On Monday, the All-Party Parliamentary Group, or APPG, for crypto and digital assets was relaunched as the industry is clamouring for regulatory clarity. While it's not part of the official legislative machinery, the group functions as a forum for Members of Parliament to liaise with government regulators over crypto regulations. The group will be supported by CryptoUK, a notable crypto lobby organisation that represents over 150 market stakeholders. The cross-party coalition will be chaired by Gurinder Josan, a Labour Party MP, and Ed Vaizey, a Conservative member of the House of Lords, according to an announcement. Vaizey is a former government minister for the digital economy. 'Our goal is to make the UK the safest place for consumers and the best place for businesses to invest and build,' Josan said. 'That means establishing robust, fair and future-focused rules.' With crypto ownership in the UK on the rise, according to research by the Financial Conduct Authority, the relaunched APPG says it wants to explore ways to close the gap between the expanding crypto adoption in the UK and the lack of a fully operational regulatory regime for digital assets. The newly reformed group comes as market participants are still waiting for concrete moves from the government in terms of crypto regulations. In April, UK Chancellor Rachel Reeves published draft legislation for crypto regulations and invited public comments. Still, industry participants in Britain have become even more anxious for clear-cut crypto regulations, especially with developments on that front happening in the US and the EU. In May, HMRC, the UK's tax authority, announced plans to enact new reporting requirements for crypto companies from next year. Regulators have also tightened crypto ad rules. Some have criticised the proposed rules as being too strict on the background checks that they'll force crypto firms to comply in order to operate in the UK. Su Carpenter, executive director of CryptoUK, has hit back against that criticism. 'If you didn't expect that you would have to be in this position to meet these levels of compliance and to operate within these frameworks — where have you been for the last few years?' Carpenter told DL News in May. Crypto market movers Bitcoin has dropped 0.5% in value over the past 24 hours and is trading at $117,893. Ethereum also shed 1.6% in the same period to $3,760. What we're reading revenue falls to 10-month low amid competition, memecoin slump — DL News Interactive Brokers Considers Stablecoin Launch: Report — Unchained Why this 'dead' token isn't dead— Milk Road Plasma Public Sale Ends With $373 Million in XPL Commitments — Unchained Ethereum investors want treasuries to buy more Ether. BitMine just hinted at the opposite — DL News Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him atosato@
Yahoo
25 minutes ago
- Yahoo
UK lifts ban on crypto-linked notes for retail investors after 5 years
Crypto-linked investment products are making a comeback in the UK, as regulators move to restore retail investors' access to markets once deemed too risky. The Financial Conduct Authority announced Friday that retail traders will once again be allowed to buy exchange-traded notes tied to cryptocurrencies like Bitcoin and Ethereum, ending a five-year ban imposed in 2021. The change takes effect on October 8 and will apply only to ETNs listed on regulated UK exchanges. Unlike ETFs, which are backed by physical holdings, ETNs are debt instruments issued by financial institutions that track the price of an underlying asset or index. While they work differently under the hood, many investors use them for the same purpose: gaining exposure to crypto without going through the hassle of holding the coins themselves. 'Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood,' said David Geale, executive director of payments and digital finance at the FCA. 'We're providing consumers with more choice, while ensuring there are protections in place.' However, the regulator stressed that its ban on crypto derivatives for retail investors, which includes futures and options, will remain in place. Tone shift It's a notable shift in tone from the UK regulator, which had cited extreme volatility, fraud risks, and valuation challenges when it first banned crypto ETNs and derivatives in January 2021. The reversal also comes as lawmakers and industry groups ramp up pressure for a more proactive regulatory approach. Earlier this week, Parliament relaunched its All-Party Parliamentary Group on crypto and digital assets, a cross-party coalition supported by industry body CryptoUK. The group, now chaired by Labour MP Gurinder Josan and Conservative peer Ed Vaizey, said it plans to scrutinise upcoming digital asset regulations and push for clarity. 'Our goal is to make the UK the safest place for consumers and the best place for businesses to invest and build,' Josan said in a Wednesday press release. Regulators and the Treasury have also stepped up efforts. In April, UK Chancellor Rachel Reeves published draft legislation aimed at establishing a regulatory framework for cryptoassets, while the FCA launched a consultation in May on how it should supervise digital assets. Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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35 minutes ago
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National Grid launches partnership model for substation development
The UK's National Grid has initiated a new framework aimed at enhancing its collaboration with suppliers for the development of substation infrastructure across England and Wales. With a financial commitment of £8bn ($10.5bn), the framework is known as the Electricity Transmission Partnership (ETP) and represents a shift towards a long-term cooperative model that focuses on building robust regional partnerships. It rewards suppliers based on their performance and their willingness to increase their operational capacity, to fortify the UK supply chain and encourage sustained investment while developing local skills. National Grid plans to allocate £8bn for substation construction projects during the RIIO-T3 period, which includes 130 initiatives across various regions. The effort is part of a larger investment strategy, the RIIO-T3 plan, which outlines potential investments of up to £35bn in the transmission network up to 2030, aimed at constructing new substations and upgrading existing facilities. UK Energy Minister Michael Shanks stated: 'The clean energy transition is the economic opportunity of the 21st century, with the potential to revitalise our industrial heartlands with skilled jobs and economic growth. 'This £8bn partnership from National Grid is proof of that – providing a boost for Britain's supply chains, investing in the future of our highly skilled workforce and helping to deliver clean, homegrown power that we control.' In July 2025, National Grid announced the selection of several suppliers as regional delivery partners, along with an initial allocation of £1.3bn for exclusive projects, with contracts to be finalised later. The designated regional partners are Balfour Beatty for the northeast, Morgan Sindall Infrastructure for the northwest, Murphy for the southwest and London and the southeast, M Group Energy for the southwest (region two), and OTW for the central west region. These partners will have priority access to future substation projects in their designated areas, allowing them to plan for growth and capability enhancement. Linxon and Burns & McDonnell have been appointed as national partners to assist with substation projects not covered by the regional partners. The ETP is part of a wider strategy by National Grid to improve its supply chain framework, which also includes the Great Grid Partnership) and a new high voltage direct current supply chain framework. These initiatives aim to enhance capacity and resilience across various infrastructure projects. The ETP model may be extended to include other types of network infrastructure, ensuring a cohesive approach to strengthening the supply chain throughout National Grid's transmission network in England and Wales. National Grid electricity transmission president Alice Delahunty stated: 'Our Electricity Transmission Partnership marks a bold shift in how we deliver vital electricity infrastructure. 'By adopting a regional, long-term approach, we're giving our supply chain the certainty to invest in people, skills and innovation. It's a key step in turning our RIIO-T3 investment ambitions into action and building a resilient grid to support Britain's clean energy future.' "National Grid launches partnership model for substation development" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
