Oaknorth founder Rishi Khosla: Tall poppy syndrome, Tory rhetoric and why the UK is losing its lustre for fintech June 15, 2023 Rishi Khosla, chief of OakNorth, says the UK needs to celebrate the success of its fintech entrepreneurs
The Square Mile and Me with Michael Barrington-Hibbert: ‘Headhunted’ at the market stall to a love for Leadenhall June 15, 2023 Each week we ask a City figure to take a trip down memory lane. Today, it’s Michael Barrington-Hibbert, founder and CEO of executive search firm Barrington-Hibbert Associates What was your first job? When I was 13 years old, I worked at a fruit and veg stall in Wembley after school which led to me being [...]
Toyota shares soar again after shareholders back board and chair in long-awaited vote June 14, 2023 Toyota’s chair and former president Akio Toyoda survived a shareholder challenge on governance and climate policy today, prompting a second day of soaring shares for the automaker. Toyota’s shares settled up 6.3 per cent on Wednesday, following a similar five per cent rise the day before, which was prompted by the unveiling of a new [...]
MPs quiz City watchdog over handling of Crispin Odey claims June 14, 2023 A group of MPs has called for the Financial Conduct Authority to reveal the depths of its previous probes into Crispin Odey today as the scandal surrounding the financier deepens this week.
WE Soda scraps London listing plans in ‘fresh blow’ to the City June 14, 2023 Soda ash firm WE Soda has ditched its plans to float on the London Stock Exchange today citing “extreme investor caution”, just one week after first announcing the move. The Turkish owned firm had delivered a boost to London’s beleaguered exchange when it revealed last week it was plotting a London IPO in what would [...]
Why British investors are pouring into US tech funds this year June 14, 2023 British do-it-yourself investors are pouring back into tech funds this year in a bid to cash in on a tech-fuelled market rally in the US and Asia.
Robert Walters: Share price plunges for recruitment giant after warning of ‘significantly’ lower profits June 14, 2023 Global recruitment agency Robert Walters shares nosedived this morning when markets opened as the staffing firm warned that its profits for the year would be “significantly” lower than previously anticipated. Shares in the London-listed recruiter plunged by 15 per cent, however they have now clawed back to around 13 per cent, as the group posted [...]
Warhammer-maker Games Workshop set for profits boost after Amazon deal June 14, 2023 Warhammer-maker Games Workshop said it is expecting to post a boost in profits for the the year today as it feels the lift of a blockbuster deal with Amzon signed in December.
Shell super-sizes dividend and ditches oil production cuts June 14, 2023 Shell will ditch a plan to gradually reduce oil production over the coming years and choose instead to “stabilise” production until the end of the decade. The bombshell announcement came in the same market update which revealed a 15 per cent dividend bump-up from the second quarter of this year. CEO Wael Sawan will also [...]
Odey latest: Firms gates funds as it looks to restore reputation June 14, 2023 ODEY Asset Management is shuttering one of its funds and restricting withdrawals from another as it scrambles to contain the fallout of a slew of sexual assault allegation against its founder. The firm has been rocked by allegations from 13 women against Crispin Odey published in an investigation by the Financial Times last week. Odey [...]