DX delivery group gets £293m bid from US private equity firm HIG September 11, 2023 Delivery company DX Group said on Monday that it has been courted with an approximately £293m offer from a US private equity giant.
Pension bosses under fire for ‘overconfident’ account of Truss-triggered LDI crisis September 11, 2023 Pension bosses have come under fire from experts today after giving an “overconfident” assessment of their role in tackling the crisis that engulfed the sector in the wake of Liz Truss’s disastrous mini-budget last year.
London Stock Exchange bolsters top team with deputy chief for reform offensive September 11, 2023 The London Stock Exchange has promoted its head of primary markets to deputy chief executive today as it looks to push ahead with a reform offensive this year.
Kroo kicks off £70m fundraise as it targets profitability September 11, 2023 Digital bank Kroo is looking to raise a fresh round of cash from investors as it targets a swing to profit in the coming months, the firm announced today.
Baroness Morrissey: Give twice as many new funds to female managers September 11, 2023 Money managers in the city are under fire for a lacklustre record on gender equality today after a new report found progress in hiring female fund chiefs has stalled. Former chair of AJ Bell, Baroness Morrissey, has today urged firms to shift female representation up the agenda after a new report found that just 12.1 [...]
Qatari’s £4bn climate tech plans shows UK’s appeal – but there’s more to do, think tank warns September 11, 2023 A £4bn Qatari splurge on UK climate tech could boost the UK’s green ambitions, but Sunak must get the policy right, a think tank has warned.
Firms must up pension payments to defuse ticking ‘time bomb’, City veteran warns September 10, 2023 A “pensions time bomb” is set to explode in the UK if firms do not ramp up their contributions to pension pots, a top investor has warned.
Blackrock rejected Glencore green plans despite chief’s pull away from ESG September 10, 2023 Blackrock has slammed “inconsistencies” in the climate policy of mining giant Glencore and voted against the firm’s green strategy at its annual general meeting earlier this year, according to new filings.
Friend or foe? Why short sellers are in the headlines again September 9, 2023 Short sellers can call out fraud and malfeasance but many want a firmer regulatory watch over their activities
Fund manager Ashmore sees six per cent profit drop on outflows September 6, 2023 Emerging markets-focused fund manager Ashmore (ASHM.L) reported a six per cent fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.