Blackrock and Mastercard fuel crypto confidence as Bitcoin climbs above $31,000 June 26, 2023 Bitcoin has climbed to its highest level in over a year in recent days as top financial firms including Blackrock doubled down on their commitment to crypto.
M&G in push to expand reach of flagship fund onto continent June 25, 2023 M&G is in talks with big European financial firms to bring its flagship £58bn PruFund range onto the continent, City AM understands The FTSE 100 listed money manager is seeking partnerships in France and Germany. Under the partnerships, the PruFund model would be used to sell products under new names. The expansion would build on M&G’s [...]
Bank of England tells insurers to brace for persistent ‘claims inflation’ June 23, 2023 Insurers must rigorously assess the impact on their solvency of the rising cost of settling car, property and other claims and ensure they have sufficient reserves, the Bank of England told the sector on Friday.
London money managers bet on UK debt as interest rate hike threatens recession June 23, 2023 Money managers in London are scrambling to rejig their portfolios as they brace for a period of longer interest rate pain following the Bank of England’s move to hike rates again yesterday.
FTSE 100: London markets dip as investors fret over interest rate pain June 23, 2023 London’s premier FTSE 100 index has tumbled at the open this morning as investors grapple with the Bank of England’s move to hike rates to their highest level in 15 years yesterday.
There may be mortgage pain, but these bankers say rates hikes could boost the City June 22, 2023 Numis says the higher cost of capital could scupper private equity takeovers and boost the IPO market
Government ‘penalising’ investors with ‘baffling’ stamp duty on shares, says Interactive Investor June 22, 2023 Ministers are “penalising” the UK’s investors by levying “baffling” taxes on holding British stocks, one of the UK’s top investment platforms said today.
Rishi Sunak: City of London will be ‘engine room’ of UK investment in rebuilding Ukraine June 21, 2023 Ukraine is set to receive £3bn in World Bank loan guarantees as Prime Minister Rishi Sunak confirmed the UK would continue to support the nation for “as long as it takes” in the fight against Russia. Sunak will also announce a major financial support package for the eastern European country as it mounts its long-awaited [...]
UK must have a ‘Goldilocks’ approach to crypto rules or risk scaring firms off, warns minister Griffith June 20, 2023 The UK must strike a “goldilocks” approach to crypto rules and not scare off a crop of fintech firms with an overly “hot” regulatory clampdown, the City minister has warned.
Abrdn: Why shareholders could be set for a payday after £337m HDFC sale June 20, 2023 Abrdn has offloaded its entire stake in Indian asset manager HDFC and could now be set to ramp up share buybacks as it looks to put cash back in shareholders' pockets.