Home REIT: Scandal-stricken firm extends ‘put up or shut up’ deadline for takeover April 13, 2023 Scandal-stricken social housing investor Home REIT has further delayed a ‘put up or shut up’ deadline for a takeover today as it mulls a bid from potential suitor Bluestar.
‘There’s a real opportunity here’: Fintech chief Janine Hirt on why London remains the place to be April 13, 2023 The INnovate Finance boss speaks with City AM on why the next chapter will be crucial for the UK's fintech sector
UK takeover bids tumbled amid banking crisis fears – as private equity firms smell bargains April 12, 2023 Takeover attempts in the UK tumbled sharply in the first three months of the year as fears of a global banking crisis roiled markets and spooked the City’s dealmakers.
Flight to safety: Money market funds see 5,998 per cent inflow in first quarter April 11, 2023 Money market funds and short term money market products have seen a staggering 5,988 per cent increase in net flows in the first quarter, according to data from Hargreaves Lansdown Money market funds invest in high-quality, short-term debt, and they generally offer slightly higher returns than bank deposits. As interest rates have risen at their [...]
Klarna and Zilch sound the alarm on planned BNPL rules as key consultation closes April 11, 2023 Klarna and Zilch have sounded the alarm over the scope of planned buy-now pay-later (BNPL) rules today as ministers close a key consultation before bringing the sector into regulation later this year. The government has been sounding out the industry for its input on proposed rules after first laying out plans to clampdown on firms [...]
Is a crypto bull market coming? Bitcoin roars past $30k as investors bet on end to rate hikes April 11, 2023 Bitcoin has roared past the $30,000 dollar mark for the first time since June last year as investors pour into crypto in a bet on the end of rising interest rates.
New investment trust plots £100m IPO in boost for London April 11, 2023 A new investment trust has revealed plans for a £100m float on the London Stock Exchange today in a boost to the capital’s markets after a barren start to the year. Ashoka WhiteOak Emerging Markets Trust announced this morning that it would list a new investment vehicle that to back quoted firms that provide exposure [...]
As Russia’s war in Ukraine rages on, venture investors are looking to cash in on ‘defence tech’ April 7, 2023 Russia's invasion of Ukraine brought a sharp close to a decade-long venture capital funding frenzy last year, as soaring inflation, rapid rate hikes and tumbling valuations caused investors to hurriedly tuck away their cheque books.
FCA shuts down Wealthtek over ‘serious regulatory issues’ April 6, 2023 The City watchdog has moved to shut down financial advisor Wealthtek and police have arrested one individual after “serious regulatory and operational issues” were uncovered at the firm.
US regulators call in Blackrock to sell stricken Silicon Valley Bank and Signature portfolios April 6, 2023 US regulator the Federal Deposit Insurance Corporation (FDIC) has called in investment giant BlackRock to sell the securities portfolios of Signature Bank and Silicon Valley Bank after their collapse last month.