Microsoft and Revolut spats show UK regulators won’t ‘roll over and play dead’, tech chief says May 21, 2023 Microsoft and Revolut’s high-profile spats with City regulators do not signal an underlying hostility to tech and instead show rulemakers in the UK will not “roll over and play dead”, a top London tech chief has said.
Klarna UK boss quits but predicts BNPL firm will “trailblaze” in payments and banking May 19, 2023 Klarna’s UK boss Alex Marsh announced today that he was stepping down having been at the firm for four and half years. Marsh, who joined Swedish buy-now pay-later (BNPL) firm Klarna in 2018, described his time at Klarna as “nothing short of phenomenal”. However, he said that a recent family tragedy has “brought home that [...]
Experian shares tumble as investors fret over cautious forecast May 17, 2023 Shares in credit checker Experian fell sharply in early trading this morning after the firm revealed it had suffered a 19 per cent contaction in profits for the full year.
Why university spinouts are a battleground in the government’s ‘science and tech superpower’ plans May 16, 2023 Top tech investors and policymakers are looking to boost the flow of cash into a new wave of start-ups coming out of British universities, as ministers lean on the private sector to turn the UK into a “tech and science superpower”. Universities have long been viewed as fertile breeding grounds for tech start-ups by private [...]
George Osborne to chair Italian investment firm Lingotto May 15, 2023 Lingotto Investment Management, backed by Italy's Agnelli family, has hired former Chancellor George Osborne and veteran fund manager James Anderson, the firm revealed on Monday.
London pension fintech Smart gears up for deals after $95m funding injection May 15, 2023 London-based pensions fintech firm Smart said it was gearing up for a flurry of dealmaking today as it bagged a $95m funding round from a host of big name backers including New York based outfit Aquiline.
Cost of card payments slammed as ‘startling’ after Mastercard exec defends fees May 15, 2023 A lobby group has today warned of the “startling rise in the cost of accepting cards” for small businesses after the European chief of Mastercard defended the fees it levies on merchants over the weekend. Interchange fees, which are charged to merchants and paid to the card issuing bank and payment network, have climbed sharply [...]
Revolut finance chief quits for ‘personal reasons’ May 11, 2023 The finance chief of Revolut has quit the firm, he announced today, adding to the woes of the company as it struggles to earn a UK banking licence.
Softbank’s Vision Funds book record £31bn loss – but Alibaba sale helps cushion the blow May 11, 2023 Japanese investment giant Softbank continued to shed cash from its storied Vision Funds in the three months to March even as a slew of asset sales and tech rebound helped narrow losses across the firm.
‘I’m sick of the UK bashing – it’s an incredible place to start a business’ – why PrimaryBid chief Anand Sambasivan is still bullish on London May 11, 2023 The chief of fintech PrimaryBid tells Charlie Conchie why he's bullish on London's prospects despite a capital markets downturn