Dividends dry up in London — but can shareholders expect a bounce-back? October 26, 2023 The amount of cash pocketed by shareholders slumped over the summer as frothy one-off dividends dried up and mining giants reined in their payouts.
Dubai calling: City set for closer ties with UAE as ministers pen cooperation deal October 26, 2023 The UK is set to pen a deal to forge closer ties with the United Arab Emirates on financial services today as ministers look to tap into deep pools of capital and promote cooperation between the City and the Middle Eastern state.
Euan Blair’s Multiverse quietly shelves school-leaver mission as growing pains set in October 25, 2023 Euan Blair’s educational technology firm Multiverse has quietly shelved its mission of getting school leavers into jobs in a restructuring which former employees claim has created a “cut-throat” culture of “fear” at the firm, City A.M. can reveal.
Plus500: Shares jump as fintech firm closes in on higher targets October 24, 2023 Israeli fintech firm Plus500 said it was on track to hit a recently ramped up set of targets today after revenues rose over the summer on the back of a high-value customer boost.
Shares in CAB Payments plunge 70 per cent as bosses issue profit warning and launch cost-cutting plans October 24, 2023 Shares in newly listed fintech firm CAB Payments have cratered by more than half this morning after the firm issued a profit warning on the back of a slowdown in some of its key markets.
‘A huge win’: Top venture capital firms back plans to pump pension cash into the economy October 24, 2023 Top venture capital firms have thrown their weight behind a move to channel pension cash into start-ups today as the government accelerates its efforts to get more retirement money flowing into the economy.
St James’s Place suspends property fund as investors pull cash and demand falls October 23, 2023 Wealth manager St James’s Place has suspended one of its property funds amid a flurry of withdrawals from clients and a “fall in demand” for commercial property in the UK.
Watch: Lord Hammond on Tories’ ‘populist turn’, post-Brexit financial services and his crypto vision for the future October 20, 2023 Former chancellor Lord Hammond tells City A.M. of his vision of crypto and blockchain as the future of the UK’s post-Brexit financial services sector – as well as sharing some damning criticism on the “populist turn” of the Conservative party. Now serving as chair of and shareholder of blockchain firm Copper, Hammond joined City A.M. [...]
“You’ve got one job”: Investors wants answer on London Stock Exchange outage October 20, 2023 Investors are looking for a “quick answer” today after the London Stock Exchange was hit by a technical incident which halted trading in hundreds of smaller stocks on Thursday. Normal trading has resumed on the bourse this morning after trading at the smaller end of the market was curbed by the incident yesterday, although bigger [...]
Schroders: Assets slide as volatile markets weigh on investor appetite October 19, 2023 Schroders revealed a slump in its managed assets today as investors fled the market amid sustained volatility over the summer.