Corporate debt swells to record £6tn as interest rates begin to cool borrowing appetite July 12, 2023 The debt pile sitting under global corporates has swelled to record levels in the past year despite rate hikes beginning to cool firms’ appetite for borrowing, new research has revealed.
Government looks to scrap EU short selling rules in post-Brexit deregulation drive July 11, 2023 The government is looking to ditch EU-era short selling rules and will scrap a requirement for individual investors to reveal their bets against companies as part of a post-Brexit push to scrap red tape in the City.
Pension funds may need a nudge into the stock market after £50bn start-up pledge, says City minister July 11, 2023 The government may next need to push top pension funds to invest in London’s stock market as ministers look to solve a dearth of domestic investment in Britain’s big listed firms, the City minister has said.
UK must prioritise financial inclusion over the City’s competitiveness, says former FCA chair July 11, 2023 The UK “can’t go on” prioritising the competitiveness of the City over the financial access of millions of vulnerable people during a cost of living crunch, the former chair of the Financial Conduct Authority has warned.
Can Jeremy Hunt’s Mansion House reforms cure London markets’ malaise? July 11, 2023 Jeremy Hunt’s package of City reform has been hailed by top figures across the Square Mile today - even as one top money manager cast doubt on whether it would prove the right elixir for London’s market woes.
Government’s aid investor: Why only the private sector can lift people out of poverty July 11, 2023 In 1948, the chair of the Colonial Development Corporation Lord Reith described the newly formed state-backed body’s role as to “do good without losing money”. Since then it has been through a number of understandable rebrands and rejigs. It swapped its title for the Commonwealth Development Corporation in 1963, before winning a mandate from government [...]
Pension giants back plans for £75bn private investment bonanza July 10, 2023 The country’s top pension and insurance giants have today thrown their weight behind a package of government reform that will aim to unleash a £75bn wave of capital into Britain’s private companies.
DWF shares surge 40 per cent amid takeover talks with private equity firm July 10, 2023 Shares in legal services outfit DWF rocketed today after the firm revealed it was in talks with London-based Inflexion Private Equity Partners regarding a possible buyout. In a statement to the London Stock Exchange, DWF said it was in talks for a deal worth about £342m. Shares in DWF soared as much as 40 per [...]
Plus500 cashes in on global growth push as profits rise July 10, 2023 Fintech trading platform Plus500 said today it was reaping the rewards of its global growth push as the firm reported a boost in profits and revenues in the first half of the year. The London-listed Israeli firm said revenues jumped 15 per cent to $368.5m in the first six months of the year while its [...]
UK fintech funding tumbles as interest rates dampen investors’ appetite July 10, 2023 Funding for the UK’s fintech sector cratered in the first half of the year as further interest rate hikes and economic volatility continue to weigh on investors’ appetite for the market, according to new data.