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.
London Stock Exchange chief slams pension schemes over attempt to block City reform June 29, 2023 The chief of the London Stock Exchange has hit back at a group of top pension funds today after they warned that reforms to boost the appeal of London risked “watering down” investor protections.
Uhoh: Oxford study shows AI really can pick funds better than humans June 29, 2023 An Oxford University study suggests that artificial intelligence and machine learning can pick private equity funds that deliver above-average returns
FCA risks ‘watering down’ investor protection in bid to revive London, 10 top pension funds warn June 28, 2023 The Financial Conduct Authority risks “watering down” investor protections in its push to revive the appeal of London’s markets, a group of top pension has claimed today.
Is Brexit the real reason for London’s stock market malaise? June 28, 2023 Whether Brexit is to blame for London's market malaise is a topic of debate in the Square Mile.