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.
AJ Bell share price rises after boost in customers but Hargreaves Lansdown falls after slowing business growth October 19, 2023 The inflows helped assets under administration grow 11 per cent to a record £70.9bn.
London Stock Exchange Group eyes bumper year despite sluggish IPO market October 19, 2023 The London Stock Exchange Group said it was on track to hit the top end of its forecasts for the year this morning after income ticked up over the summer despite a slump at its flagship exchange.
How the great tech layoff is having unexpected positive consequences October 19, 2023 The wave of layoffs to have struck the tech sector over the past year is conversely boosting the flow of top talent into early-stage start-ups, a top VC firm has said.
Liontrust: Restructuring on the way after failed GAM bid October 18, 2023 Liontrust said it would push through a wave of “restructuring and efficiencies” today after haemorrhaging cash over the summer during its chastening takeover battle for Swiss rival GAM.