Odey Asset Management partners pocket £64m in last payout before wind down January 11, 2024 The partners of Odey Asset Management are set to pocket nearly £64m for the firm’s final year of operations as it is wound down following allegations of sexual assault against founder Crispin Odey.
Election uncertainty to squeeze London IPO market again as listings slump to 13-year low January 11, 2024 Elections in the UK and US are set to squeeze the initial public offering (IPO) market again this year after new floats in London cratered to a 13 year low in 2023, EY has said. The London Stock Exchange saw just 23 new firms listing on the market last year, a 49 per cent slide [...]
Andreessen Horowitz backs London insurance start-up to shrug off UK venture woes January 11, 2024 Silicon Valley giant Andreessen Horowitz (a16z) has thrown its weight behind London insurance tech Hyperexponential today in a deal that shrugs off the gloom gripping the UK’s venture capital market.
Government needs ‘do-ers’ to solve London’s market malaise, says Research Review chief January 11, 2024 Rachel Kent, senior partner at Hogan Lovells, says action is needed to boost London's capital markets this year.
Climate tech and AI set to drive rebound in UK venture capital investment January 10, 2024 UK venture capital investment is set to recover in 2024, according to HSBC, after turning a corner in the second half of last year thanks to a boom in early-stage investing.
Quilter calls in ex-Hargreaves Lansdown boss as wealth manager looks to ride out turmoil January 10, 2024 FTSE 250 wealth manager Quilter has called in former Hargreaves Lansdown chief Chris Hill to its board today as the firm looks to beat the troubles squeezing UK money managers this year.
Blackrock set for layoffs as asset management industry adjusts to downturn January 10, 2024 Blackrock is set to cut around three per cent of its global workforce this year as it adjusts to shifts in the global asset management sector.
Irish ‘unicorn’ rules out London IPO after spat with FTSE 100 private equity firm January 10, 2024 An Irish tech ‘unicorn’ has ruled out a potential London IPO after a bitter spat with FTSE 100 private equity giant Intermediate Capital Group (ICG), which holds a ten per cent stake in the firm, City A.M. has learned.
Cheap London firms in crosshairs of trigger-happy activist investors in 2024 January 10, 2024 Activist investors are circling the London Stock Exchange this year in a bid to capitalise on the “significant valuation gap” facing UK firms, a new report has claimed.
Chancellor meets with City grandees over London’s listings crisis January 9, 2024 Chancellor Jeremy Hunt held talks with top City chiefs on Tuesday as part of the government's efforts to attract more listings to the London Stock Exchange.