News 

UBS to stick to dividend, capital returns plan after French verdict

“LONDON (Reuters) – UBS plans to stick to its proposed dividend for 2018 despite a 4.5 billion euro ($5.10 billion) hit from a French tax ruling that the bank has appealed, CEO Sergio Ermotti said on Friday” reports businessinsider.com. “There is no intention to deviate from our proposed 2018 dividend of 0.70 Swiss francs ($0.6994) per share,” Ermotti said in a call discussing the ruling’s implications with investors and analysts. “In respect to the outlook for our capital returns beyond the financial year 2018, we remain committed to our policy,”…

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Crypto News 

Lloyd’s of London Provides Insurance for BitGo Crypto Assets

“Crypto wallet BitGo has come up with a new offering that allows its users to cover up to $100 million worth of their digital assets held in their accounts with the blockchain security firm” writes Aziz Abdel-qader for financemagnates.com. While traditional institutions are shying away from cryptocurrencies and related assets, BitGo obtained its insurance coverage from the prestigious Lloyd’s of London, one of the oldest insurance agencies in the world, with centuries of experience in this industry. “We have been working hard to tailor a bespoke insurance product for BitGo,…

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News 

Transit app Citymapper wants to simplify public transport with a weekly subscription

“Transport app Citymapper wants to simplify the process of navigating all of this with a contactless payment card that runs on a weekly subscription: the Citymapper Pass” writes Feb Est for theverge.com. In addition to public transport options like buses and metro systems, travelers can now choose from a myriad of taxi apps, bike hire schemes, and new “micromobility” options like electric scooters.The Citymapper Pass fits right in with these experiments, but it’s notable that none of the company’s new offerings have ever really taken off.As Wired UK notes, this…

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News 

Bubble Dresses Return For London Fashion Week

“The “bubble dress,” it was so aptly dubbed, quickly became trendy cocktail attire during the late 1950s and into the Swinging Sixties” writes Summer Lin for elle.com. Designers took their sartorial cues from the unease of the post-war period as well, by parading the whimsical ’50s bubble dress down the runways.Yves Saint Laurent for Dior later riffed on the design, crafting a dropped waist dress and bubble skirt in 1959.In addition to deconstructed outerwear, corset tops, and ’90s references to rave culture, Tisci also sent Hiandra Martinez down the runway…

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Crypto News 

Crypto Financial Services Firm to Offer Crypto Insurance Through Lloyd’s of London

“Blockchain security firm and crypto wallet service BitGo has revealed plans to offer crypto insurance through Lloyd’s of London, according to a press release on Feb. 19” writes Helen Partz for cointelegraph.com. BitGo Business Wallet clients will be able to purchase theft insurance and key recovery service called Lost Key Cover through Digital Asset Services, an insurance provider operating under the purview of the Financial Conduct Authority (FCA), the United Kingdom’s financial services regulator.BitGo Business Wallet clients will be able to acquire insurance for their digital assets held on BitGo’s…

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GBP News 

Isil bride Shamima Begum has British citizenship revoked by Home Office

“The letter read: “Please find enclosed papers that relate to a decision taken by the Home Secretary, to deprive your daughter, Shamima Begum, of her British citizenship” writes Tom Harris for telegraph.co.uk. It is understood the teenager, who grew up in Bethnal Green east London, has dual Bangladeshi nationality, meaning the move will not render her stateless.In a letter sent to her family in east London, officials said the Home Secretary, Sajid Javid, had made the decision in “light of the circumstances”. “In light of the circumstances of your daughter,…

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News 

Victoria Beckham had a Spice Girls drag performance at her London Fashion Week after party

“After Beckham’s London Fashion Week show, her after-party guests were surprised by a drag performance of the Spice Girls’ hit song “Wannabe,” featuring drag queens dressed as Baby, Ginger, Sporty, Scary, and Posh” writes Laura Byager for mashable.com. A video of the performance was posted to Twitter by DJ and drag performer Jodie Harsh, in which you can also see Beckham’s evident joy. Source: mashable.com

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News 

City of London Investment Group posts profit fall

“City of London Investment Group PLC (CLIG.LN) said Monday that profit and funds under management fell in its first half, but it declared a special dividend” writes Adam Clark for marketwatch.com. The emerging markets-focused asset manager said pretax profit fell to 5.2 million pounds ($6.7 million) in the six months to Dec. 31 from GBP6.6 million in the year-earlier half.Funds under management stood at $4.6 billion at the end of the half, down from $5.1 billion at the beginning of the year. Source: marketwatch.com

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News Stocks 

London stocks cling to gains; AstraZeneca surges on results

“London stocks held on to slight gains Thursday, as investors continued to look to global trade talks for inspiration, while balancing some grim economic news from Europe and a weak start for Wall Street after disappointing retail sales data” writes Markets Reporter for marketwatch.com. Drug stocks led the gains after upbeat results from AstraZeneca PLC. The FTSE 100 UKX, +0.09% was up 0.1% to 7,199.27, after closing up 0.8% on Wednesday, The pound GBPUSD, -0.3737% was under pressure, dropping to $1.2788 from $1.2844 late in New York on Wednesday. Source: marketwatch.com

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