Watchdog: Media is creating a negative “atmosphere” around moribund IPO market September 26, 2023 A top Financial Conduct Authority official has taken aim at the press for creating a negative “atmosphere” for business in the UK and discouraging firms from floating in London.
DWS to pay $25m to end US probe into greenwashing September 25, 2023 Deutsche Bank-controlled (DBKGn.DE) investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures in policies designed to prevent money laundering, U.S. regulators said on Monday.
Funding fears as UK university ‘spin-out’ investment tumbles September 25, 2023 Spin-out experts have sounded the alarm today after new figures showed funding for start-ups born in British universities has slumped.
City watchdogs target diversity in finance with raft of new rules September 25, 2023 The City watchdogs have taken aim at lacklustre diversity and equality in the Square Mile today with a raft of proposals designed to boost representation and stamp out bullying and sexual harassment.
Why has US tech surged ahead of the UK? Naked ambition, says top investor September 25, 2023 The deep pockets of US investors are often touted as the fuel behind its world-dominating tech industry. But the real reason might be naked ambition, argues Oliver Holle, founder of pan-European investor Speedinvest.
Why investors are sounding the alarm on Sunak’s climate U-turn September 21, 2023 Rishi Sunak’s move to ditch a host of key climate policies will have a chilling effect on the flow of cash into the country as the US presses ahead with sweeping green subsidies, top investors have warned.
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.