UK dealmaking almost halves to 14-year low amid interest rate pain September 28, 2023 Dealmaking in the UK has cratered to a 14 year low this year as rising interest rates and swinging prices scupper takeovers.
UK ‘committed to working closely’ with the EU as City firms fear post-Brexit red tape September 27, 2023 The City minister has said the UK is "committed to working closely" with the EU on financial services rules today amid fears that growing divergence between UK and EU regulators will increase the regulatory burden on City firms.
FCA set to probe private asset valuations amid fears of liquidity crisis September 27, 2023 The Financial Conduct Authority is set to probe the way investors value the private assets on their books as it continues a deepdive into the liquidity of the market in the UK.
Saga U-turn on selling underwriting business as insurance division hit by hikes September 27, 2023 The over-50s specialist Saga has walked back plans to offload its underwriting business due to unfavourable market conditions
UK tech climbs to record £817bn value despite funding drop-off September 26, 2023 The total value of the UK’s start-up sector has climbed to its highest ever level this year despite the funding drop-off that has rocked growing technology firms, according to new figures.
Dumb Money: FCA uses Gamestop film to warn of speculative ‘hype’ investment September 26, 2023 The Financial Conduct Authority (FCA) is warning cinemagoers about the dangers of speculative investments driven by hype.
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.