FinnCap swings to loss as London floats dry up December 13, 2022 FinnCap said revenues had plunged 48 per cent in the first half of the year as a slump in capital markets activity hammers profits for the City’s brokers and investment banks. In its half-year results this morning, the London-listed financial services group said it had swung to a £2.59m loss in the first six months, [...]
How art can help corporations: An interview with Artiq CEO Patrick McCrae December 8, 2022 Making the business case for ‘soft skills’ and ‘soft acquisitions’ is increasingly familiar in the corporate sector, especially as people turned so much to the arts throughout the pandemic. I caught up with Patrick McCrae, CEO of Artiq, who has been selling the tangible benefits of art in the workplace for over a decade. What [...]
‘Web 3.0’ venture investment in freefall as crypto winter shakes market December 8, 2022 Investment into crypto firms has been in freefall this year as a deep ‘crypto winter’ sends shockwaves through the sector and causes venture capital firms to turn off the funding taps.
DS Smith pumped £100m into pension scheme amid mini-budget crisis December 8, 2022 Box maker DS Smith revealed it was forced to pump £100m into its pension scheme in September as the market was shaken by the fall out of Liz Truss’s disastrous mini-budget.
Wise shares tumble after analysts predict ‘disruptor will get disrupted’ December 8, 2022 Shares in fintech firm Wise have plummeted today after a note from investment bank Liberum told investors to dump the stock over mounting competition fears.
Hargreaves Lansdown appoints Dan Olley as new chief December 8, 2022 Hargreaves Lansdown announced that Dan Olley would take over the reins of the trading platform from next year as Chris Hill prepares to step down after six years in charge.
European IPO tech slump: London comes out on top December 7, 2022 The European tech industry has lost more than $400bn (£327bn) in value as dealmaking ground to a halt this year amid ongoing economic uncertainty. According to a report by London-based Atomico, tech startups across Europe are on track to raise $85bn (£70bn) in funding this year, down $15bn (£12bn) on 2021 levels. The report said [...]
Crypto firms will need ‘sterile corridors’ on our watch, FCA warns December 7, 2022 The UK’s financial watchdog said today it will ensure crypto firms have “sterile corridors” between the different products and services they offer, as it assesses the wreckage of collapsed exchange FTX and prepares to bring the sector into its remit.
BlackRock comes under fire from London investor over ESG ‘hypocrisy’ December 7, 2022 London-based activist investor Bluebell Capital has set its sights on the world’s biggest asset manager BlackRock, calling for chief Larry Fink to be ousted over “hypocrisy” on environmental, social and governance issues.
‘Profiteering’ Home REIT to be sued over misleading investor information December 7, 2022 Beleaguered property investor Home REIT has been hit by a lawsuit from investors today amid claims it is “profiteering from the housing crisis” and used misleading information to raise cash. The social housing-focused firm has been hammered by a slew of claims from short sellers in the past two weeks over the quality of charity [...]