TSB hit with £48.7m by watchdogs over 2018 IT fiasco December 20, 2022 High street lender TSB has been slapped with a £48.65m by City watchdogs today for “widespread” failings during a 2018 IT update programme, which left millions of customers without access to banking services.
London Stock Exchange group strikes deal to buy Acadia December 19, 2022 The London Stock Exchange Group (LSEG) announced it had snapped up risk management firm Acadia today as it looks to boost the growth of its post-trade offering.
Investors set to be cheered by Bunzl’s climbing profits December 18, 2022 Specialist distribution group Bunzl is set to have waded through cost inflation and supply chain challenges and emerged with strong sales at the end of the year. The FTSE 100 company, which sells global businesses a wide range of products from coffee cups to cafes, food wrap to supermarkets, and cleaning materials to hospitals, will [...]
HSBC natural capital asset management venture bags £533m December 16, 2022 A natural capital asset management venture set up by HSBC and climate firm Pollination has bagged $650m to fuel two of its investment strategies, the firms announced today.
Home REIT: We’ve no idea where our rent comes from December 15, 2022 Beleaguered property investor Home REIT has admitted it has no idea how much rent it receives through government housing benefit payments despite saying its business model ultimately relies on them, City A.M. can reveal.
Exclusive: EY poised to ramp up fintech investment with new London Lab December 14, 2022 EY said it is set to pump millions of pounds into the fintech sector in the next year as it unveiled a new London incubator today designed to cultivate start-ups in the capital.
Sir Richard Branson: No new investment in Brexit Britain December 13, 2022 Sir Richard Branson has ruled out investing new cash in the UK for the foreseeable future, claiming the economy has been hamstrung by trade barriers and “red tape” brought on by Brexit.
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.