Revolut Launches Employee Share Sale at $115 Billion Valuation
Revolut has started a secondary share sale for employees, pricing the company at a $115 billion valuation.
James O'Brien
UK Crypto Platform SecondFi to Cease Operations Following $2.6 Million ADA Theft
SecondFi, a UK‑based crypto platform, announced it will cease operations after a security breach that resulted in the theft of approximately $2.6 million worth of Cardano (ADA) due to a flaw in its wallet software.
UK Parliament Launches Inquiry into Banking Restrictions on Crypto Sector
The UK Parliament has set up a parliamentary inquiry to investigate how banks’ restrictions on cryptocurrency companies and their customers affect investment opportunities and market competition.
Barclays CEO Warns of Market Complacency Despite Germany Growth Prospects
In an interview, Barclays CEO Venkatakrishnan warned that market optimism is misplaced, citing more concerns than a year ago. He remains upbeat about Germany’s reform agenda and anticipates a surge of private‑equity activity in the country.
UK Grid Operator Expands Household Compensation Scheme to Balance Electricity Demand
To help manage grid stability, the UK electricity system operator is increasingly using demand‑response schemes that compensate consumers for cutting electricity use during peak periods, aiming to improve the balance between supply and demand.
S&P Flags Valuation Risks as UK Pension Insurers’ Private Credit Holdings Exceed 10%
S&P issued a warning about the growing exposure of UK pension insurers Legal & General, Standard Life and Just Group to opaque private credit, which now accounts for over 10% of their investment portfolios, raising valuation and liquidity concerns.
Irish Alumina Plant Faces Regulatory Scrutiny Over Links to Sanctioned Russian Oligarch
The Aughinish Alumina plant in Ireland, tied to Oleg Deripaska, is under increased regulatory scrutiny due to EU sanctions against the Russian oligarch, prompting fears among locals about the future of jobs at the facility.
Bank of England Approves HSBC Orion for Digital Securities Sandbox Programme
HSBC’s Orion unit received approval from the Bank of England to join the Digital Securities Sandbox, paving the way for a pilot digital gilt transaction slated for early 2027.
UK Blocks Foundation Salary Over Dispute on Ukraine Aid Distribution From Abramovich’s Frozen Assets
The head of the Roman Abramovich foundation says the United Kingdom is blocking the foundation’s salary because of a disagreement over the distribution of humanitarian aid linked to Abramovich’s £2.5 billion frozen assets, which were seized under UK sanctions related to the war in Ukraine.
Revolut Secures In-Principle Approval for Crypto Services in Dubai
Revolut, a London-based fintech company, has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate crypto services in the UAE, including broker-dealer, management and investment, and exchange services.