Hoberman-led Tech Nation pledges £10bn funding bonanza for start-ups October 16, 2023 The start-up group freshly revived by Brent Hoberman has pledged to facilitate a £10bn investment bonanza for UK tech today as it restarts operations. The group wound down earlier this year after ministers pulled its funding.
Why a new Edinburgh fund is putting £100m into firms outside of London October 16, 2023 A new venture fund backed by the state-owned British Business Bank has launched in Scotland today with the aim of rebalancing start-up investment away from London towards the north of the UK.
BlackRock posts surprise rise in profit despite slowing inflows October 13, 2023 BlackRock handily beat third-quarter profit estimates on Friday but posted a sharp drop in net inflows, sending shares of the world's largest asset manager down one per cent in premarket trade.
FCA fines Equifax £11m for role in cyber breach October 13, 2023 Britain's financial watchdog (FCA) said on Friday it had fined consumer credit rater Equifax £11m for its role in "one of the largest" cyber-security breaches in history.
St James’s Place shares plunge as wealth manager eyes fees overhaul October 13, 2023 Wealth manager St. James's Place could be set to slash its fees after pressure from regulators to fall in line with stringent new consumer rules.
London Stock Exchange: Why it’s not all doom and gloom for the City’s embattled bourse October 12, 2023 The London Stock Exchange has shown signs of life as new figures showed the capital topped European rivals in terms of cash raised by listed companies.
‘Get a new job’: Whistleblowing body under fire over lacklustre guidance October 12, 2023 A top whistleblowing group is facing criticism today after its boss said her top tip was to “get a new job” before blowing the whistle.
Is the great private equity raid on London over? October 10, 2023 A predicted deals raid in London by private equity firms may have already fizzled out this year as dealmakers turn their attention to the cheap unlisted firms, new research has suggested.
Government must ramp up ‘spin-out’ investment to capitalise on AI boom, top chief warns October 9, 2023 Government must ramp up investment in the UK’s ‘spin-out’ ecosystem to ensure Britain capitalises on a wave of artificial intelligence research and so-called deeptech coming out of universities, a tech chief has said.
Odey Asset Management looks to shut down wealth business October 9, 2023 Odey Asset Management plans to close down its wealth businesses after its eponymous founder stepped down amid a series of allegations against his behaviour.