Exclusive: Brexit bites into London’s FX trading as Singapore and New York seize City’s derivatives share November 5, 2022 London’s status as the global hub for FX and derivatives trading is under threat for the first time since Brexit. According to new findings shared exclusively with City A.M. today, a study by the Bank of International Settlements (BIS) found that while the UK remains the leading hub for currencies and interest rate derivatives trading, [...]
Deloitte rejigs half of UK top team to nurture ‘next generation’ November 3, 2022 Deloitte has axed half its UK top team in an unexpected leadership overhaul today as it looks to nurture younger executives to take over from chief executive Richard Houston in 2027.
UK investors pulled £7.6bn from funds in mini-budget turmoil November 3, 2022 UK investors yanked £7.6bn from funds in September as markets were rocked by the fallout of the government’s disastrous mini-budget, new data has revealed.
BlackRock aims for shareholder ‘revolution’ with greater voting powers November 3, 2022 BlackRock chief Larry Fink said the firm was looking to usher in a “revolution in shareholder democracy” today as it grants greater powers to its clients to hold boards to account in investor meetings.
UK climate tech investment set to double November 3, 2022 Climate tech investment in the UK is on track to double this year after firms in the sector scooped up $7.5bn in the nine months to September, new research has revealed.
Apollo snapped up $1.1bn from UK pension funds in cash scramble November 2, 2022 Apollo Global revealed it bought over $1bn of assets from distressed UK pension funds as they scrambled to raise cash in the near-meltdown sparked by Liz Truss’s tax-cutting mini-budget.
Revolut rolls out chat feature in ‘super app’ push November 2, 2022 Revolut has ramped up its efforts to reach ‘super app’ status today as it rolls out an instant messaging feature to allow users to communicate in the app.
Zilch eyes push into BNPL bills as it passes three million customers November 2, 2022 Buy-now pay-later firm Zilch said it was eyeing a push into bill and rental payments today as it sailed past the three million user mark and announced it had hit gross profits for the first time.
Exclusive: Female founders dominate cohort of fast-growing start-ups November 2, 2022 Fifty of the UK’s fastest growing start-up firms are set to join a tech accelerator that has helped launched the likes of Wise and Skyscanner - with nearly half of the new cohort founded by women.
Calls for Swiss-UK trade deal grow as financial firms ramp up pressure November 2, 2022 A group of top financial firms has ramped up pressure on the government to strike a “ground-breaking” trade deal with Switzerland today in a bid to ease the flow of cash between the two financial centres. The value of trade between the UK and Switzerland hit £38.4bn last year but companies including Credit Suisse, Deloitte, [...]