GDP: When is no growth in the economy a good thing? November 10, 2023 Ministers may have breathed a sigh of relief today as the UK economy narrowly dodged recession in the third quarter of the year after eeking out minor growth in September and August.
Can’t keep up: Wise halts new UK and EU business customers amid capacity strains November 9, 2023 London-listed fintech firm Wise has been forced to freeze onboarding all new business clients across the UK and Europe due to “high demand”, in the latest hiccup to face the firm after it “deactivated” all US business cards last week.
FCA tells wealth managers to ‘justify’ high fees in warning to sector November 8, 2023 The Financial Conduct Authority warned wealth managers yesterday that it would look to take a more “intrusive and assertive” approach to supervising the sector if they aren’t able to justify their high fees.
Goldman Sachs says US soft landing not guaranteed November 8, 2023 Goldman Sachs said diversification and risk management is going to be “critical” in 2024 as it encouraged investors to “expect the unexpected” next year.
Audit watchdog pledges to focus on growth after reforms are shelved November 7, 2023 The audit watchdog has announced it will look to focus on promoting “growth and the UK’s competitiveness” after the government shelved a host of reforms that would have increased reporting requirements for London-listed companies.
State of the City: Is red tape holding back the Square Mile? November 7, 2023 Regulators and officials have been hoping to boost London's appeal on the global stage - but it has been a bruising year for the City.
Klarna boss: My three conditions for an IPO – and no, I won’t tell you where November 7, 2023 The boss of Klarna has said he has “three tick boxes” for the firm ahead of a public listing, all of which have now been met, as the Swedish fintech looks to revive its plans for a blockbuster IPO as soon as next year.
Unmet investor appetite for UK start-ups, research shows November 6, 2023 Nearly half of investors are keen to explore investing in start-ups but only 17 per cent of advisers think their clients would be interested.
Can retail investors save London’s beleaguered stock market? November 6, 2023 Are retail investors the key to curing London's capital markets malaise? They may take some convincing.
Failure to invest could see millions of Brits face financial difficulties, report warns November 6, 2023 Poor understanding and low take-up of long-term investing could find millions of people heading for financial difficulties in later life, new data reveals.