Home REIT to begin boardroom clearout as survival plans press on September 4, 2023 Beleaguered social housing investor Home REIT said it will soon begin a full clearout of its board as it scrambles to stabilise its rental income and sprawling property portfolio.
Klarna closes losses and touches monthly profit as cost-cutting drive bears fruit August 31, 2023 Buy-now pay-later giant Klarna has slashed its losses and touched profitability for the first time this year after rolling out a hefty cost-cutting programme and driving down the amount of customers defaulting on payments. In its half year report today, Klarna revealed it had closed its losses to SEK 2.115bn (£153m) from SEK 6.37bn last [...]
Rebel GAM group reveals choice for chief ahead of emergency boardroom clear-out August 30, 2023 The group of GAM shareholders that helped torpedo Liontrust’s takeover has named its preferred choice to head the firm today, as GAM prepares for a total boardroom clear-out following the collapse of the deal.
Not another one? Tech firm set to be plucked from London’s markets in £203m deal August 30, 2023 Another tech firm looks set to be snatched from London’s markets after bosses at Instem struck a £203m take-private deal with a US healthcare investor today. Instem, an AIM-listed life sciences software specialist, said this morning that it had agreed on the terms of a 833p per share cash offer and would now recommend the [...]
Why listed companies and the City are calling for a red tape revolution August 30, 2023 The watchdogs tasked with imposing governance and reporting standards on financial firms walk something of a tightrope across the Square Mile - but experts want reform.
Investors urge UK firms to increase efforts on tackling slavery in supply chains August 29, 2023 Investors are calling on UK-listed companies to increase efforts to tackle modern slavery, human trafficking and forced labour in their supply chains.
City firms fire £1.5tn warning shot at Sunak over lack of net zero clarity August 29, 2023 Top City firms have fired a warning shot at Rishi Sunak over a lack of “long term clarity” on net-zero today after ministers have wavered on a number of climate commitments in recent weeks.
Rebel GAM shareholders cough up £18m and push through boardroom clearout after Liontrust deal implodes August 29, 2023 The rebel investor group that disrupted Liontrust’s takeover of GAM has agreed to cough up CHF 20m (£17.9m) and push through a total boardroom shake-up today.
Next week in the City: Prudential, Bunzl and Grafton update investors August 26, 2023 Despite an August lull taking hold of the corporate calendar, Prudential, Bunzl and Grafton.
Seed stage science fund bags £29m government funding boost August 25, 2023 A seed-stage science fund run by London venture outfit Future Planet Capital has bagged a £29m funding boost from the government today to pump into early stage life science firms.