Arm and Instacart slides shows the global IPO window may have already slammed shut September 21, 2023 A slide in the value of Arm and delivery outfit Instacart have dampened hopes that the global IPO market is about to swing wide open, analysts have warned today.
Inside story: How Cavendish became the City’s newest bank September 21, 2023 In late January, two bankers sat across from each other at the 57-year-old Chelsea haunt La Famiglia for a tete-a-tete over wine and dinner. The traditional Tuscan eatery is something of a hotspot for celebs and off-duty City types – a pre-sanctions Roman Abrahamovic even used to entertain Jose Mourinho there over a bowl of [...]
M&G hails ‘progress’ as profits and flows surge ahead of City bets September 20, 2023 M&G hailed “good progress” in the first six months of the year today as profits surged ahead of City predictions despite volatility still roiling the market and denting its assets under management. The London-listed investor said its assets had tumbled to £332.8bn at the end of June, down from £342bn at the end of last [...]
Pension market needs ‘culture change’ to unlock startup investment, Phoenix boss warns September 20, 2023 The pension market needs a “culture change” if waves of cash are to be unleashed into the country’s start-ups, the boss of Phoenix has said.
Liontrust braced for rebellion as bosses face shareholders after GAM debacle September 19, 2023 Fund manager Liontrust is braced for a potential revolt over the paypacket of its bosses this week as it faces a fractious meeting with shareholders following its collapsed takeover of GAM.
Hargreaves Lansdown profits surge despite ‘challenging’ conditions spooking investors September 19, 2023 Hargreaves Lansdown topped the City’s profit predictions for the year today despite “challenging” market conditions triggering a sharp fall in the amount of cash flowing into its platform over the past 12 months.
Can the City’s pension superfund dreams become reality? September 19, 2023 Government must go further and faster in reforming the UK’s pensions market if ‘superfunds’ that pump cash into the stock are to become reality, experts have warned.
JP Morgan unit opens short bet against CAB Payments months after bank worked on IPO September 18, 2023 JP Morgan’s asset management arm has taken out a bet against CAB Payments just two months after the firm floated to great fanfare in the capital.
Plans for City’s future delayed until next year as investors warn of ‘report fatigue’ September 18, 2023 A major report looking to draw up a "new market model” for the City has been delayed until next year as fears grow of “report fatigue” setting in across London, City A.M. can reveal.
Bryan Garnier snaps up London deals outfit in bet on City rebound September 18, 2023 Investment bank Bryan Garnier has snapped up deals advisor NOR Capital and bolstered its team in London in a vote of confidence in the City despite a slump in dealmaking this year, City A.M. can reveal.