Veganuary: New £240m fake meat fund looks to disrupt and decarbonise the food industry January 23, 2023 Milltrust Ventures and Earth First Food Ventures are set to launch a new $300m (£242m) Smart Protein Fund tomorrow to back alternative proteins and decarbonise the food industry, City A.M. can reveal. Over $600m was invested in total in the cultivated meat sector last year, and the alternative protein market, which includes imitation meats [...]
Fintech Pensionbee buzzes towards profits after reporting boost in savers January 19, 2023 London-listed fintech PensionBee has doubled down on its prediction of profits this year after reporting a boost in customers and revenues in 2022.
Home REIT delays accounts again after rent trouble revelations January 19, 2023 Beleaguered property investor Home REIT has delayed the publication of its full-year accounts until beyond the end of January as it scrambles to get its books in order following revelations about the instability of its rental income and dilapidated property portfolio. Home REIT, which suspended trading on the London Stock Exchange after delaying its full [...]
AJ Bell shares tumble as inflows fall to under £1bn despite rise in customers January 19, 2023 Shares in trading firm AJ Bell slumped today as the firm said the flow of cash onto its platform dipped in the final three months of the year despite a rise in customers. In a trading update on the the first quarter of its financial year, the FTSE 250 firm said that inflows onto its [...]
Top investors hit back at FTSE 100 firms after claims of governance ‘box ticking’ January 18, 2023 A group of top investors has looked to shift blame onto FTSE 100 chiefs for a breakdown in the relationship between firms and their major shareholders today, after top chairs criticised investors’ approach to corporate governance last year. The Investor Forum, which represents investors holding more than £800bn worth of UK equities, has written to [...]
UK ‘cleantech’ firms set for funding boost amid net zero drive, KPMG predicts January 18, 2023 Venture capital investors are turning their gaze towards the UK’s so-called cleantech sector this year as net zero targets move closer, analysts from KPMG have predicted. Last year, global venture investment slumped by almost a third last year as soaring inflation and sharp rate hikes caused investors to turn off the taps following a funding [...]
Crypto market shows signs of life as Bitcoin jumps over 20 per cent – but what’s behind it? January 18, 2023 Bitcoin investors are enjoying a strong start to the year as prices in the flagship cryptocurrency rebound from historic lows seen in the wake of FTX’s collapse in November.
Asset managers show signs of rebound as assets tick up and outflows slow January 18, 2023 London-listed asset managers Liontrust and Rathbones showed signs of a rebound today as assets under management ticked upwards and the volume of investors pulling their cash from funds began to slow. London’s big money managers have suffered a torrid 12 months as markets descended into turmoil in the wake of war in Ukraine and soaring [...]
The fintech bubble may have burst, but these investment bankers are bullish January 17, 2023 Slashed valuations, mass layoffs, a funding drought and shuttered IPO market. For most, 2022 won’t be remembered as a stellar vintage for the fintech sector. But it wasn’t all doom and gloom, according to new analysis from investment bank Peel Hunt. A new note from the firm today says the spectacular bursting of the fintech [...]
Joseph Pinto joins M&G as asset manager adapts to meet evolving client needs January 17, 2023 M&G has appointed industry veteran Joseph Pinto as chief of its asset management arm today amid a period of change at the top for the FTSE-100 investor.