Britons are worst investors in Europe and have £1.8trn sitting idle in savings July 5, 2023 Britons’ are the worst investors in Europe and have around £1.8trn sitting idle in savings accounts, around the entire value of the FTSE 100, a new report released today has found.
Augmentum: London-listed fintech fund rides out volatility as portfolio edges upward July 4, 2023 Listed fintech fund Augmentum reported a bump in the value of its portfolio today as it shrugged off the volatility that has hammered tech and fintech firms globally over the past year.
UK deals set to flatline as sluggish economy puts off foreign buyers July 4, 2023 Takeover activity in the UK is set to flatline in the second half of the year as foreign suitors get cold feet over the gloomy economic prospects facing the country, bankers have warned.
Pressure grows for pension investment boost as Hunt eyes reform July 4, 2023 Pressure is growing on pension schemes to throw their weight behind reform as the Chancellor prepares to unveil a slew of measures to boost investment in private growth firms next week.
FCA: Insurers must put ‘wrongs right’ and are failing the vulnerable in cost of living squeeze July 3, 2023 Insurers are failing vulnerable customers and need to put “wrongs right” as Brits are hammered by a cost of living crunch, the Financial Conduct Authority has warned today.
Crowdcube joins team of rivals launching new retail investment platform Retailbook July 3, 2023 Crowdcube has joined the alliance of brokers who are forming Retailbook, the new platform giving retail investors access to IPOs. Crowdcube, based in Exeter, is one of the world’s largest equity crowdfunding platforms. Since its founding in 2016, it has raised over £1.2bn for over 1,300 businesses including Monzo, Revolut and What3Words. It will join [...]
London Stock Exchange listing cash plunges as IPO drought continues July 3, 2023 Fresh listings on the London Stock Exchange have raised just £1.6bn in the past year as the City is hit by an extreme drought in public market activity, new data shows.
Odey Asset Management pushes to restructure funds July 1, 2023 Odey Asset Management (OAM) has proposed to restructure two of its key funds, according to letters to investors reviewed by Reuters, as part of efforts to extract founder Crispin Odey from the business after several assault and harassment allegations surfaced against him.
Starling Bank: Five things that defined Anne Boden’s time at the top June 30, 2023 The chief and founder of digital lender Starling Bank Anne Boden will hand over the reins to her number two today as she steps back from the top job after nine years. Boden has undoubtedly blazed a trail in British banking. The Swansea native remains the only woman to have launched a bank in the [...]
How to revive the City? Embrace the ‘Bazball’ spirit, says Lloyd’s of London chair June 29, 2023 The City of London needs to follow the lead of the England cricket team and start playing Bazball, the chair of Lloyds of London said today.